June 2, 2013
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.
Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the Muslim fasting month of Ramadan, trade sources said.
18 people in Saudi Arabia have died from a SARS-related respiratory virus, as the World Health Organisation seeks more information on the virus and how to prevent it.
May 26, 2013
Arabtec Holding announced that its joint venture between Arabtec Saudi Arabia and Greece’s Terna has been awarded a SR 404 million ($107 million)contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
The Saudi stock market slumped yesterday, reversing after a 6-day surge and dropping more than 29 points for the day.
Saudi Arabia advises against Assad's presence at the upcoming Geneva II peace talks, although his attendance has already been announced by Russia.
May 23, 2013
Bank Alkhair, a Bahrain-headquartered Islamic wholesale bank, has announced the successful closure of the first tranche of a $750 million sukuk programme by Saudi Arabia's Dar Al Arkan real estate development company.