Terrorist Behind German Christmas Market Attack Was Wanted Fugitive from Saudi Arabia, Granted Asylum
MAGDEBURG, Germany — Reports circulating on social media claim that the suspect behind the deadly Christmas market attack in Magdeburg is a fugitive from Saudi Arabia, whom the German government had refused…
Pakistan hopes to finalise talks with Saudi Arabia on financial help soon
ISLAMABAD (Reuters) -Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the South Asian nation, Pakistan’s Finance Minister Ishaq Dar said on Monday. Dar also told a…
Saudi Arabia’s GDP grows 8.8% year-on-year in Q3 -statistics authority
DUBAI (Reuters) – Saudi Arabia’s economy grew by 8.8% in the third quarter of 2022 compared to the same period a year earlier, mainly due to a sharp increase in oil-related activity,…
Saudi Arabia signs MoU with China’s Huawei -statement
CAIRO (Reuters) – Saudi Arabia signed a memorandum of understanding with China’s Huawei Technologies on Thursday on cloud computing and building high-tech complexes in Saudi cities, the government communication office said in…
UAE president, Saudi crown prince led mediation to release Griner -joint statement
DUBAI (Reuters) -The United Arab Emirates president and Saudi crown prince led mediation efforts that secured the release of U.S. basketball star Brittney Griner in a prisoner swap with Russia, a joint…
Saudi Arabia, China sign MoUs on hydrogen – state news agency
DUBAI (Reuters) – Saudi Arabia and China have signed memorandums of understanding on hydrogen energy and the encouragement of direct investment between the two states, state news agency (SPA) said on Thursday,…
Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week as…
Saudi non-oil private sector continues to expand in November
DUBAI (Reuters) – Saudi Arabia’s non-oil business activity expanded at the fastest rate in seven years in November, supported by a sharp rise in new orders and continued confidence in the growth…
Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ
(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse’s new…
Saudi Exchange launches market-making framework to boost liquidity
DUBAI (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must…
Saudi Aramco’s Luberef expects to raise up to $1.32 billion from IPO
By Yousef Saba DUBAI (Reuters) – Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it said, if…
Saudi Arabia to host China-Arab summit during Xi visit, sources say
By Aziz El Yaakoubi and Julie Zhu RIYADH/HONG KONG (Reuters) – Saudi Arabia plans to host a Chinese-Arab summit on Dec. 9 attended by Chinese President Xi Jinping during his visit to…
Saudi stock exchange to close on Wednesday after World Cup win against Argentina
CAIRO (Reuters) – The Saudi stock exchange will be closed on Wednesday after Saudi Arabia declared a public holiday and will reopen on Thursday, state TV reported on Tuesday. King Salman bin…
Saudi Arabia’s Dar Al Arkan signs deal with Trump family for Oman project
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald Trump’s company to use the Trump Brand…
Biden Admin Tries To Shield Saudi Crown Prince From Lawsuit Over Gruesome Murder
Biden Admin Tries To Shield Saudi Crown Prince From Lawsuit Over Gruesome Murder Micaela Burrow on November 18, 2022 The Biden administration sought to grant Saudi Crown Prince Mohammed bin Salman immunity…
Banque Saudi Fransi sells $700 million in five-year bonds
DUBAI (Reuters) – Banque Saudi Fransi sold $700 million in five-year bonds on Wednesday in the first public dollar bonds out of the Gulf in nearly a month, a bank document showed.…
Saudi foreign direct investment inflows down 85% in second quarter
(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday. The FDI inflows were at 7.9 billion riyals ($2.1 billion)…
Saudi inflation eases to 3% in October
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate eased to 3% in October from 3.1% in September, with higher food prices driving the latest price rise, the General Authority for Statistics reported…
Trade and security on agenda for Xi visit to Saudi Arabia – Saudi minister
By Aidan Lewis and Sarah El Safty SHARM EL-SHEIKH, Egypt (Reuters) – Strengthening trade ties and regional security will be priorities in an upcoming visit by Chinese leader Xi Jinping to Saudi…
Biden has no plans to meet with Saudi crown prince at G20, White House says
ABOARD AIR FORCE ONE (Reuters) – U.S. President Joe Biden does not plan a sit-down meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman when the Group of 20 industrialized nations meet…
Chinese refiners seek less Saudi crude as demand weak
By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter said, as COVID-19 restrictions and a faltering…
Saudi Arabia considers new mining index in diversification push
By Praveen Menon SYDNEY (Reuters) – Saudi Arabia is considering setting up a new metals and mining stock exchange index as it looks to expand its resources sector to diversify away from…
Iran denies it poses a threat to Saudi Arabia, after report Saudis raised concern
DUBAI (Reuters) – Iran denied on Wednesday it posed a threat to Saudi Arabia, after the Wall Street Journal reported that Riyadh had shared intelligence with the United States warning of an…
U.S. concerned about Iranian threats to Saudi Arabia
By Steve Holland WASHINGTON (Reuters) -The United States is concerned about threats from Iran against Saudi Arabia and will not hesitate to respond if necessary, a White House spokesperson said on Tuesday.…
KFC’s Middle East and North Africa franchisee plans dual listing in UAE, Saudi
By Hadeel Al Sayegh DUBAI (Reuters) -Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, said it planned to launch an initial public offering (IPO),…
US, Saudi Arabia On Alert After Warnings Of Iranian Attack: REPORT
US, Saudi Arabia On Alert After Warnings Of Iranian Attack: REPORT Micaela Burrow on November 1, 2022 The Saudi military and U.S. troops stationed in the country have elevated their alert level…
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