Saudi Arabia

December 21, 2000

02:00 GMT

The total assets value of the investment funds run by the 10 biggest Saudi banks grew to SR37.6 billion ($10 billion) by the end of the first quarter of this year—up from SR34.6 billion ($9.23 billion

December 20, 2000

02:00 GMT

British anti-terrorist police have flown to Saudi Arabia after the third bomb attack on British citizens in the country in less than a month.

02:00 GMT

A Saudi merchant dressed in rags and a shaggy beard to disguise himself as a pauper has been arrested for begging outside a mosque.

02:00 GMT

Saudi Arabia\'s domestic debt amounts to more than 600 billion riyals (160 billion dollars), almost as high as the gross domestic product (GDP) in 200

02:00 GMT

Saudi Arabia has announced a balanced budget for the New Year on top of a $12 billion surplus in 2000 — the first in 18 years — thanks to high oil prices, but resisted a spending binge. King Fahd outl

02:00 GMT

The year 2000 couldn’t have been more auspicious for Saudi Arabia, with the kingdom enjoying peak production levels and record crude prices to post the first budget surplus in nearly 20 years.

December 19, 2000

02:00 GMT

Saudi Arabia adopted a balanced budget for 2001 for the first time in more than 15 years and announced economic growth of 15.5 percent for 2000 thanks

02:00 GMT

For the first time in the Kingdom of Saudi Arabia, the Abdullatif Jamil Group is intending to open the first center for women, which will offer both automobile shopping services as well as Internet se

02:00 GMT

Finance Minister Ibrahim Al Assaf said Saudi Arabia plans to offer trade finance of up to 85 percent in order to boost non-oil exports to help diversify its economy. Under newly approved rules, the st

December 18, 2000

02:00 GMT

Two Saudi medical companies have begun talks with local financial and consulting firms in an effort to evaluate joint expansion opportunities in the near future.

02:00 GMT

Saudi Industry Minister Hisham bin Abdullah Al-Yamani said Saudi Arabia's industrial sector recorded growth of 5.5 percent in 1999, while investments in industrial projects totaled more than $64 billi

December 17, 2000

02:00 GMT

Ten Tunisian pilgrims were killed and 15 injured, two seriously, in a road accident in Saudi Arabia overnight.

02:00 GMT

The death toll from Rift Valley Fever (RVF), a virus that has affected the Arabian peninsula for more than two months, has risen to 109 in Saudi Arabi

02:00 GMT

The arrival of the holy month of Ramadan has partially compensated the local sheep and meat sellers, who have recently incurred substantial losses.

02:00 GMT

Sir Mark Moody-Stuart, Chairman of the Royal Dutch/Shell Group of Companies, signed yesterday a Letter of Intent expressing Shell's interest in participating in the Saudi Natural Gas Initiative.