Saudi Arabia

December 9, 2014

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
23:10 GMT

Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.

The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
18:18 GMT

The Ministry of Education ordered the closure of 17 international schools and issued warnings to 32 others last year for violating local laws.

December 8, 2014

King Abdullah bin Abdulaziz is 90 years old. (AFP/File)
17:04 GMT

Saudi Arabia’s King Abdullah bin Abdulaziz has carried out an extensive cabinet reshuffle.

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).

December 7, 2014

Saudi Interior Ministry spokesman, Major General Mansour al-Turki. (Photo: AFP)
15:28 GMT

Saudi Arabia has detained 135 people whom it has accused of planning to carry out terrorist activities and destabilizing the country’s security, the Saudi Interior Ministry says.


Saudi Arabia pumps around 9.7 million barrels per day
12:05 GMT

Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.

Oversupply could rise next year when Iraq starts to export more oil because of an agreement between Baghdad and the Kurdish regional government.
04:55 GMT

Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010.

December 4, 2014

“The Saudis have conditioned any aid on the implementation of the (deal). The Houthis have to leave before they pay,” a senior Yemeni government official told Reuters.
16:19 GMT

“The Saudis’ approach is that ‘we’ll step back and let Yemen see the consequences of their choice of the Houthis and eventually they’ll come to their senses’.

The Saudi foreign minister, Saud al-Faisal. (AFP/file)
13:44 GMT

Saudi Foreign Minister Prince Saud Al-Faisal said that the fight against Islamic State of Iraq and Syria cannot be waged by aerial bombing alone during a speech to representatives of the US-led anti-ISIS coalition on Wednesday.

The government usually ends up spending substantially more than its budget plan, overspending by an annual average of 25 per cent in 2004-2013.
05:55 GMT

As recently as last month, the International Monetary Fund predicted Saudi Arabia would enjoy a fiscal surplus of 1.6 per cent of gross domestic product in 2015. Now, private economists are talking of a deficit of over 1 per cent..

December 3, 2014

The situation is somehow better for health professionals working in private sector.
05:55 GMT

Jeddah tops in medical errors, with gynecology and maternity cases taking the top slot.

Saudi Arabia’s market regulator suspended share trading in both companies.
04:55 GMT

Zain Saudi, Saudi Arabia’s No.3 telecom operator, said on Tuesday that a SAR2.2 billion ($586.28 million) claim from Mobily was unfounded.

December 2, 2014

 
“The cabinet stressed that the Kingdom’s oil policy is emanating from economic fundamentals,
16:36 GMT

Saudi Arabia said on Monday that its oil policy was based on economic principles, as speculation continued to swirl after last week’s OPEC meeting of political motives aimed at other producers.

The Danish national was shot in the shoulder last week as he left work. (AFP/File)
09:13 GMT

Supporters of ISIL claimed responsibility for the shooting of a Danish national in Saudi Arabia last week, according to the SITE monitoring group.

December 1, 2014

Saudi Arabia has introduced new rules that aim to further liberalise the country’s healthcare sector.
23:45 GMT

Saudi Arabia’s healthcare market, although growing steadily, has been largely restricted by local ownership rules