Monday 31 August 2015
 
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SEC gets nod for $2.3bn loan, sukuk

Saudi Electricity Company (SEC) has received approval from its executive committee to negotiate for loan financing worth $2.3 billion and to set up a sukuk programme worth as much as $1.5 billion, the Gulf's largest utility said on Monday.

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SEC gets nod for $2.3bn loan, sukuk

Saudi Electricity Company (SEC) has received approval from its executive committee to negotiate for loan financing worth $2.3 billion and to set up a sukuk programme worth as much as $1.5 billion, the Gulf's largest utility said on Monday.

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Saudi Q2 GDP growth rises to 3.8pc

Saudi Arabia's gross domestic product, adjusted for inflation, grew 3.8 per cent from a year earlier in the second quarter of 2015, up from a revised 2.3 percent in the first quarter, data from the Central Department of Statistics sho

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Turkish airport security beat up Saudi woman,2 sons

A Saudi woman and her two teenaged sons visiting Turkey were assaulted by the Istanbul airport’s security men last week, said a report. The woman's husband, who was waiting outside the airport, was quoted as saying that

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Turkish airport security beat up Saudi woman,2 sons

A Saudi woman and her two teenaged sons visiting Turkey were assaulted by the Istanbul airport’s security men last week, said a report. The woman's husband, who was waiting outside the airport, was quoted as saying that

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Fire at Aramco workers' compound kills two; 105 hurt

A fire at an oil workers' residential compound in Saudi Arabia on Sunday killed two people and injured 105 others of various nationalities, including some who are in a critical condition, the Civil Defence said on its Twitter account.

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Are there any reasons for hope in the Middle East? Maybe.

The winds of change are unexpectedly blowing through the Levant.   In the aftermath of the Iran nuclear agreement, there was a broad expectation, both in the region and beyond, that sectarian tensions and conflic

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Man drowns as car falls into sea in Bahrain

A man drowned yesterday (August 28) morning after his car plunged into the sea off the Juffair coast. The Interior Ministry confirmed the incident on its Twitter account at around 5am, said a report in the Gulf Daily News (GDN), our s

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McDermott wins lump sum contract from Saudi Aramco

McDermott International, a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments, has won a lump sum contract from Saudi Aramco for brownfield work in various fie

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Saudi King to meet Obama at White House on Sept 4

Saudi Arabia's King Salman will meet President Barack Obama at the White House on September 4, the White House said, as Washington and Riyadh seek to shore up relations after a period of tension mainly over a US-led nuclear deal with Iran.

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