Friday 27 March 2015
 
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Saudi beefs up security at borders, oil facilities

Top oil exporter Saudi Arabia plans to beef up security at its borders and around oil and industrial facilities, state news agency SPA reported on Thursday, citing a statement by Deputy Crown Prince Mohammed bin Nayef. Prince Moha

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Saudi beefs up security at borders, oil facilities

Top oil exporter Saudi Arabia plans to beef up security at its borders and around oil and industrial facilities, state news agency SPA reported on Thursday, citing a statement by Deputy Crown Prince Mohammed bin Nayef. Prince Moha

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Saudi Arabia drawing down FX reserves to cover deficit

Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday. Tens of b

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Iran seeks halt to military actions in Yemen

Iran demanded an immediate halt to Saudi-led military operations in Yemen on Thursday and said it would make all necessary efforts to control the crisis there, Iranian news agencies reported. Warplanes from Saudi Arabia and Arab a

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Indian group wins Saudi chemical plant contract

Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction (EPC) contract to Indian group Nuberg Engineering for a chemical plant in the kingdom. The turnke

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Indian group wins Saudi chemical plant contract

Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction (EPC) contract to Indian group Nuberg Engineering for a chemical plant in the kingdom. The turnke

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Saudi Arabia suspends flights to southern airports

Saudi Arabia has suspended international and domestic flights at seven airports in its south, aviation authorities said on Thursday after Riyadh and allied Gulf governments launched air strikes against Houthi fighters in Yemen. Th

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Many nations to join Saudi operation in Yemen

Saudi Arabia and Gulf region allies launched military operations including air strikes in Yemen on Thursday, officials said, to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni president had taken refuge.

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Saudi hardware retailer Saco plans share sale

Saudi Company for Tools and Hardware (Saco) plans to sell 30 per cent of the firm in an initial share sale set to launch next month, a statement from the kingdom's market regulator said on Wednesday. Subscription for the initi

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Saudi land tax unlikely to hurt business: Dar Al Arkan

Dar Al Arkan Real Estate Development Company, one of Saudi Arabia's largest listed property firms, said a planned tax on undeveloped land was unlikely to be applied to its huge land bank or push the kingdom's land prices down sharply.

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