Saudi Arabia

December 20, 2000

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

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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

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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

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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

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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.

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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.

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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

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

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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.

02:00 GMT

Royal Dutch/Shell said on December 14th that it had signed a letter of intent signaling its interest in the long-awaited Saudi Arabian natural gas opening.

December 16, 2000

02:00 GMT

Twenty-six people from Syria and Jordan were killed when a mini-bus collided with a truck and both vehicles burst into flames on a Saudi road near the

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A senior British government official described a new car bombing in Saudi Arabia involving a Briton on Saturday as very serious, saying British subjec