A Saudi-led alliance will pursue an offensive against Houthi forces opposed to Yemeni President Abd-Rabbu Mansour Hadi until Yemen is stable, Saudi Arabian Foreign Minister Saud Al-Faisal said in remarks published on Tuesday.
Saudi Arabia is working on a new investment policy that will see bidders who supply for government projects being encouraged to set up manufacturing facilities across the country, said a senior economic official.
The kingdom is spending
Saudi Arabia will use multi-billion dollar infrastructure projects to attract foreign investment in sectors such as transport, healthcare and industrial equipment, a senior economic official said.
The kingdom is spending tens of b
The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury
Saudi Arabia is open to a meeting of all Yemeni political parties who are willing to preserve Yemen's security and stability, state news agency SPA quoted King Salman as saying in a cabinet statement on Monday.
Such a meeting
Saudi Arabia is focussing on using air strikes to combat Iranian-allied Houthi fighters in Yemen, and has not contemplated sending in ground troops, the country's ambassador to the US told NBC on Sunday morning.
The frantic construction work in Saudi Arabia is driving the demand for wood products and has also boosted other related industrial sectors, mainly timber, said a report ahead of an industry event.
The Dubai Wood Show, the region&
Saudi-led air forces struck a convoy of Yemeni Houthi fighters advancing on Aden from the east on Saturday, residents said, and the Saudi navy evacuated diplomats from the southern port city.
The Iranian-allied Shi'ite Muslim
Saudi Arabia's navy evacuated dozens of diplomats from Yemen and the United Nations pulled out international staff on Saturday after a third night of Saudi-led air strikes trying to stem advances by Iranian-allied Houthi fighters.
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