Sunday 29 March 2015
 
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Saudi Arabia

Saudi Arabia to restore ambassador to Sweden

Saudi Arabia has decided to send its envoy back to Sweden, Saudi-owned Al Arabiya television said on Friday, in a move that will ease a diplomatic row over the Arab country's human rights record. Sweden's foreign ministry

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Yemen attacks to continue till targets achieved: Saudi king

Saudi King Salman said on Saturday the country's military campaign in Yemen against Houthi fighters would continue until its targets are achieved. Yemen's Houthi rebels made broad gains in the country's south and east on Fri

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Houthi rebels advance despite Saudi-led air strikes

Yemen's Houthi rebels made broad gains in the country's south and east on Friday despite a second day of Saudi-led air strikes meant to check the Iranian-backed militia's efforts to overthrow President Abd-Rabbu Mansour Hadi.

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Oil dives 5pc as Iran talks trump Yemen

Oil tumbled 5 per cent on Friday as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

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Saudi's Safco urea plant start-up delayed till May

The start-up of a new urea plant owned by Saudi Arabia Fertilizers Company (Safco) will be delayed to mid-May this year, the company said on Thursday. Safco did not give a reason for the delay of the facility known as Safco 5, but

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Gulf economies can cope with escalating Yemen conflict

Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease. Air stri

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Gold rallies as Yemen air strikes rattle markets

Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 per cent as escalating tensions in the Middle East knocked stocks and the dollar and drove investors into assets seen as lower risk, like bullion and German bonds.

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Infiniti organises special event for Saudi customers

Infiniti Middle East along with Al Ghassan Motors, its authorised dealer in Saudi Arabia, recently organised an exclusive Infiniti themed event for its customer in Riyadh, which included a ground-breaking performance of light painting done with

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Anjum Hotel Makkah to participate in STTIM

Anjum Hotel Makkah, a luxury hotel in Saudi Arabia’s holy city, will be a strategic partner for the eighth edition of the Saudi Travel and Tourism Investment Market (STTIM) to be held from March 29 to April 3 at the Riyadh International Co

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Saudi private sector cautious in response to Royal Bonus

Very few private sector firms in Saudi Arabia have plans to follow a recent Royal initiative and pay Saudi nationals a special bonus, according to a new survey conducted by Mercer, a global human resources and investments consultancy.  

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