Saudi Arabia
June 4, 2013
Standard & Poor's Ratings Services (S&P) yesterday revised its outlook on Saudi Electricity Co. (SEC) to positive from stable.
June 3, 2013
The Labor Ministry has launched a wage protection program for workers of mega companies having 3,000 or more employees.
The Saudi stock market registered solid gains last month. At the end of May 2013, the Tadawul All-Share Index (TASI) closed at 7,404.12 points, gained 224.3 points or 3.12 percent over the close of the previous month.
June 2, 2013
With rumours running rampant over the death of the elderly Saudi King Abdullah, who is believed to be over 90, many questions have been asked in the Kingdom over the state of the Monarchy and who will be next in line for the throne.
Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.
Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.56 percent.
International airlines operating in KSA have raised their fares to make maximum profit during the summer season when thousands of Saudis and expatriates travel abroad to spend their vacation.
June 1, 2013
Saudi Arabia's health ministry announced that three more people in the country have died from a SARS related respiratory virus, bringing the global death toll from the disease to 30.
May 31, 2013
Manssor Arbabsia, an Iranian-American man, has been sentenced to 25 years in prison over a plot to assassinate the Saudi Ambassador to the US
May 30, 2013
The Saudi stock market continued its upward march and managed a third straight rise yesterday, adding nearly 26 points further.
The Gulf Cooperation Council (GCC) is set to meet on Sunday so that member states may discuss the possibilities of putting Lebanese Shi'ite movement Hezbollah on the list of terror organisations, in light of its involvement in the Syrian civil war.
May 29, 2013
Standard & Poor's Ratings Services has revised the outlook on the long-term sovereign credit ratings on the Kingdom of Saudi Arabia to positive, from stable.
The Saudi development fund agreed Tuesday to lend Tunisia USD 150 million (some 230 million Tunisian Dinars) to co-finance construction of 20,000 housing units for low-income people.
May 27, 2013
Saleh Al-Awaji, deputy minister of water and electricity, inaugurated the 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting and HVAC.
The Saudi stock market continued its negative movement, marking another small decline of 0.19 percent yesterday.