July 7, 2014
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.
"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.
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 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
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
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 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.
Saudi Arabia, the UAE and Kuwait released 152 Egyptian prisoners as a goodwill gesture for Ramadan.
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
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.
Saudi Arabia pledged $500 million in humanitarian aid to Iraq Tuesday.
Muslims might be fasting and all that jazz, but some deem the Ramadan dramas promote decadence instead.
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
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 said Saudi Arabia would fight extremists and that terrorists "are not related to Islam," during a Ramadan speech in the Kingdom.