Thursday 27 November 2014
 
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Saudi Arabia

Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi

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Dammam steps up green drive with 23 parks

A total of 23 parks and public squares have been built in Dammam, Saudi Arabia during the past year, as part of an environmental drive launched by the Dammam Municipality, a report said. A number of public parks have been construc

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Swiss-Belhotel signs two new hotels in Riyadh

Swiss-Belhotel International chairman and president Gavin M Faull has signed an agreement with Al Jumaiah Group of Saudi Arabia to manage two hotels in Riyadh. Both hotels, Swiss-Belhotel Riyadh and Swiss-Belboutique Tahlia Riyadh, are

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Saudi builder Al Khodari proposes $133m capital hike

Saudi Arabia's Abdullah Abdul Mohsin Al Khodari and Sons has proposed raising its capital by SR500 million ($133 million) through a rights issue and will use the money to expand its business, the builder said on Tuesday. The c

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Best Western launches hotel in Jizan

Best Western International has embarked on the latest stage of its expansion in Saudi Arabia with the launch of its first hotel in the port city of Jizan. The new Best Western Jazan Hotel becomes one of the first internationally-b

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$60bn worth petchem projects to boost Saudi Arabia

Over $60 billion worth petrochemical projects in pipeline are set to boost Saudi Arabia’s local sector, says a report.   Meed, the Middle East Business Intelligence, lists 26 projects worth $15 bil

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Iran to push for Saudi oil output cut at Opec

Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two Organization of the Petroleum Exporting Countries (Opec) members meet in Vienna, Iran's semi-official Mehr news agency reported citin

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Saudi Arabia’s global maritime trade in focus

The implications of global maritime trade growth for Saudi Arabia including the new seaport infrastructure projects will come under focus at a major seminar opening in Dammam tomorrow (November 25). More than 200 delegates are exp

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Russia says Saudi Arabia willing to cooperate on oil markets

Russia's Foreign Ministry said that Russia and Saudi Arabia had expressed "a willingness to cooperate on issues related to energy and oil markets".   The foreign ministry made the comments in a stat

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