Saudi Arabia

October 1, 2014

Saudi Arabia is the second-largest petroleum exporter to the US, but as domestic production increases in America, less is needed from abroad.Saudi Arabia is the largest exporter of petroleum liquids in the world and is home to the world’s largest proven crude oil reserves, 16 percent of the world’s total.
12:52 GMT

The shale oil boom in the US began in 2008 and has increased US crude output by 60 percent

The two brands being launched by VMMEA are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi's expatriate workers.
04:55 GMT

The launch, days before the annual haj pilgrimage, is timely. An estimated 1.4 million Muslim pilgrims are expected to arrive in the kingdom this year.

September 30, 2014

 Global supply of crude oil and liquid fuel reached all-time highs of 92.6 million barrels per day in August. Stable oil producers.
11:46 GMT

A key differential factor in this period in that ‎volatile producers in Africa and the Middle East experienced a spike in production.

September 29, 2014

The key driver of Mohamed Yousuf Naghi Motors’ solid performance in the first half of the year was the recently launched Rolls-Royce Wraith.
17:33 GMT

Mohammed Yousuf Naghi Motors confirmed a 51 percent surge in sales over the same six-month period in 2013

What is really alarming is the fact that currently 63 percent of Saudi students are enrolled in majors unsuitable for the needs of the labor market.
04:55 GMT

Only nine percent of high school graduates have taken up technical and vocational programs in the Kingdom compared with 41 percent in OECD member countries and 37 percent in Turkey

September 28, 2014

As per the deal, these companies will manufacture, supply and implement a feeder line project in the capital from the water tanks to three different locations within the city.
19:09 GMT

The Saudi government has awarded a contract worth more than SR1.4 billion ($373 million) to three local companies for a major water project in the capital Riyadh.

Hajj is one of the Five Pillars, the five core acts in Islam that serve as the foundation of Muslim life. All Muslims must perform the mandatory pilgrimage to Mecca at, so lo least one time, if they are physically and financially able to do so. A tall order, as the experience isn’t cheap.
12:38 GMT

Hajj 2014: Countdown to the Islamic Pilgrimage

September 25, 2014

Saudi Arabia sent Egypt $3 billion worth of refined oil products from April up to the first week of this month, an official from Egypt’s state oil company told Reuters on Thursday.
23:51 GMT

The petroleum aid has not, however, managed to noticeably ease Egypt’s energy frequent power cuts, even in upscale areas.

September 24, 2014

DAMAS, the Middle East's leading jewelry and watch retailer, has bolstered its presence in the region with the launch of its first luxury boutique in Riyadh, Saudi Arabia.
12:51 GMT

As part of Damas’s redefined global strategy, the brand has divided its retail stores into two formats - ‘Damas’ and ‘Damas Collections’.

Iran's Foreign Minister Mohammad Javad Zariff (left), met with his Saudi counterpart Prince Saud al-Faisal to discuss regional affairs with little outcome (File/AFP)
09:30 GMT

A meeting between foreign ministers from Saudi Arabia and Iran to tackle regional developments had no positive outcome, sources said.

President Obama met with representatives from five Arab nations that joined the US in Syrian airstrikes, as well as Iraq, during a meeting on the sidelines of the UN General Assembly meeting, September 23, 2014 (Saul Loeb/ AFP).
07:20 GMT

U.S. President Barack Obama will go before the United Nations General Assembly and seek specific promises of military, financial or humanitarian support from each country against the Islamic State.

September 15, 2014

Pilgrims performing the Haj (AFP/ File Archive).
08:31 GMT

The Jordanian government has confirmed that it issues temporary passports for Arab-Israeli passport holders to perform the Haj.

September 14, 2014

Saudi Foreign Ministry spokesman Osama Nugali [AFP]
09:27 GMT

Saudi Arabia’s Foreign Ministry says the kingdom plans to reopen its embassy in the Iraqi capital of Baghdad once the situation improves in Iraq.

September 11, 2014

Syria's Islamist Ahrar al-Sham group  members taking part in a training session at an undisclosed location in Syria. [AFP]
07:08 GMT

American officials say Saudi Arabia has agreed to a request from the US administration to provide bases to train foreign-backed militants fighting against the Syrian government.

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
04:55 GMT

International experts expect to see more organizations in Saudi Arabia take action to make existing buildings more efficient.