Wednesday 28 September 2016
 
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Saudi Arabia

Saudi sends strong message with cut in wage, benefit bill

Saudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices, said experts.

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Saudi sends strong message with cut in wage, benefit bill

Saudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices, said experts.

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Saudi Arabia cuts public sector bonuses

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting. "The cabinet has decided to stop and cancel some bonuse

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Saudi cbank to inject $5.33bn into banking system

Saudi Arabia's central bank said on Sunday it has decided to inject around SR20 billion ($5.33 billion) in time deposits into the banking system to boost financial stability. It has introduced two new maturity periods for repu

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Cayan launches sales of $266m Saudi mixed-use project

Cayan Group, a leading property developer in the Middle East, has launched the sales of its SR1 billion ($266 million) mixed-use residential project Samaya, coming up in Riyadh, Saudi Arabia. The project developed on a massive 1 m

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Saudis 'ready for Opec deal if Iran freezes output'

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. The offer

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Lubna Al Olayan tops Forbes' list of most powerful Arab women

Saudi Arabia’s Lubna Al Olayan, who’s at the head of a family empire, tops the Forbes Middle East’s list of “The Most Powerful Women in the Arab World” this year. The list, released for the fifth consecutiv

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L&T wins key Saudi construction contract

Indian construction giant Larsen & Toubro (L&T) has won a major contract from Saudi Electricity Company (SEC) for building a 132 kV double circuit transmission line besides a 132 kV cabling in the Rafah, Arar, and Sakaka areas of the kin

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L&T wins key Saudi construction contract

Indian construction giant Larsen & Toubro (L&T) has won a major contract from Saudi Electricity Company (SEC) for building a 132 kV double circuit transmission line besides a 132 kV cabling in the Rafah, Arar, and Sakaka areas of the kin

More…

L&T wins key Saudi construction contract

Indian construction giant Larsen & Toubro (L&T) has won a major contract from Saudi Electricity Company (SEC) for building a 132 kV double circuit transmission line besides a 132 kV cabling in the Rafah, Arar, and Sakaka areas of the kin

More…
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