January 1, 2001
Saudi Arabia, the world's leading oil producer, began selling unleaded petrol (gasoline) domestically Sunday to support regional and international efforts to protect the environment, Oil Minister Ali
Since the company’s establishment in 1988, the turnover of the Saudi Advanced Electronics Company (AEC) totaled SR800 million, of which SR500 million were contracts with the Swedish Ericsson Company.
Riyadh wants OPEC oil production slashed by 1.5 million to two million barrels per day to counter falling prices, a senior Saudi oil official told AFP on Sunday.
A recently publicized study by the Saudi Cooperative Insurance Company, covering 34 operating insurance firms in Saudi Arabia, revealed that despite the overall decline in the Saudi insurance sector i
The Director General of the Saudi Cooperative Insurance Company, Mossa Al-Rabeean, was recently cited by <I>Al-Sharq Al-Awsat</I> newspaper, stating that he expects a tremendous boom in the local insu
December 31, 2000
Saudi Defense Minister Sultan bin Abdel Aziz will visit Jordan next Sunday to boost cooperation between the two kingdoms.
Riyadh wants OPEC oil production to be slashed by between 1.5 and two million barrels per day to counter falling prices.
A recently publicized study asserts that the population of Saudi Arabia had hit 20 million by the end of the third quarter of 2000, making it the largest of the Arabian Gulf states.
The new public budget of the Kingdom of Saudi Arabia for 2001 is characterized by balanced revenues and expenditure levels valued 215 billion Saudi riyals.
December 30, 2000
Saudi Arabia has signed an arms deal with the United States believed to be worth more than two billion dollars.
December 28, 2000
Saudi King Fahd called Tuesday for the Islamic world to work together on the economic front to expand its power in the world.
Trading volumes on the Saudi bourse hit a record of $17.4 billion in 2000, a year when the correlation between oil prices and market performance weakened.
December 27, 2000
A suspected Saudi drug addict gunned down 11 relatives, including his wife and three daughters, before committing suicide, in a massacre on the final
A senior source in the Saudi Al-Rajhi Investments and Banking Group was recently cited by <I>Al-Sharq Al-Awsat</I> daily, stating that the group has decided to shut down its investment office in Londo
December 26, 2000
AC Ventures, the venture capital arm of professional services firm Andersen Consulting, and the Saudi Rasmala investment fund announced the launch of an Internet portal for investments in Islamic fina