Saudi Arabia

July 7, 2014

The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand.
00:44 GMT

Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.


A total of 10 consortiums are vying for the first phase of the project involving civil works.
19:42 GMT

"We have asked them to submit their bids for this project. We intend to sign the contract with the winning bidders in early October," he said.

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.
12:42 GMT

In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.

July 6, 2014

Iran's Foreign Minister Mohammad Javad Zarif did invite Saudi's Foreign Minister to visit Tehran in his commentary.
17:00 GMT

Iran's Foreign Minister Mohammad Javad Zarif told the country's state news agency this week that despite rumors, Tehran has not ever had plans to visit Saudi Arabia.

July 5, 2014

Saudi security forces patrol Riyadh’s al-Munissiyah district in 2006. (AFP)
08:51 GMT

Two suicide bombers blew themselves up inside a government building in Saudi Arabia Saturday after being surrounded by security forces, Al-Arabiya reported.

July 3, 2014

Tension amounts in the Middle East as 30,000 Saudi troops were deployed to the country's border with Iraq (Image: Middle East Monitor)
11:22 GMT

Saudi Arabia's King Abdullah said all necessary measures were being taken against "terrorist threats" on Thursday while 30,000 soldiers were deployed to the borders with Iraq.

July 2, 2014

The new complex will create significant value to Ma’aden shareholders.
19:42 GMT

The estimated cost of the project is approximately SR28 billion ($7.5 billion), and production at the new facility is expected to commence in late 2016.

KSA, the UAE and Kuwait are strong allies of Egypt's president, Abdel-Fattah El-Sisi (File/AFP)
09:58 GMT

Saudi Arabia, the UAE and Kuwait released 152 Egyptian prisoners as a goodwill gesture for Ramadan.

A preliminary Reuters poll estimated a decline of 2.3 million barrels.
04:55 GMT

Brent oil held steady above $112 per barrel as upbeat manufacturing data in China pointed to demand growth while conflicts in Iraq and Ukraine continued to underpin supply concerns.

July 1, 2014

There are 204 domestic Haj companies serving the local pilgrims. Around 60 percent of them transport their pilgrims on Saudia's domestic flights.
15:56 GMT

Saudia had refused to respond to the requests of the domestic Haj companies for meetings to discuss the problems they had been experiencing," he said.

The aid will be distributed via the United Nations. (AFP/File)
14:01 GMT

Saudi Arabia pledged $500 million in humanitarian aid to Iraq Tuesday.

Ramadan has begun and so has the intense TV show watching!
05:04 GMT

Muslims might be fasting and all that jazz, but some deem the Ramadan dramas promote decadence instead.

Accommodation at five-star hotels skyrockets to anywhere between SR31,000 to SR40,000 for a 10-day period near the end of Ramadan.
04:55 GMT

Travel operators in Riyadh will increase the prices of weekend Umrah packages from SR90 ($23) per head to SR160 ($42) from Wednesday thanks to the influx of pilgrims during Ramadan.

June 30, 2014

The regulations will be issued before the end of the year and a six-month grace period for its implementation will be put in place.
04:55 GMT

A high commission set up to develop the regulations ensuring retailers close at 9 p.m. has completed its task.

June 29, 2014

King Abdullah condemned "misguided persons" during the Ramadan speech (File/AFP)
09:30 GMT

King Abdullah said Saudi Arabia would fight extremists and that terrorists "are not related to Islam," during a Ramadan speech in the Kingdom.