Leading News Source For Middle East
Saudi Arabia has positioned itself in the global oil market as the main exporter of crude oil but the country is changing its methods by increasing the amount of crude oil processed in its local massive refineries that have already Read more
Experts forecast a business boom after completion of the Grand Mosque expansion and infrastructure projects in the city of Makkah with around SR100 billion in investment expected to come from the private sector. King Salman last Sunday inaugurated the expansion Read more
Saudi Arabia’s Foreign Minister Adel bin Ahmed Al-Jubeir has stressed that the outcome of the recently signed cooperation agreements between Riyadh and Moscow, especially the military agreements, depends on the position of the armed forces of Saudi Arabia and the Read more
The development of oil refineries in Saudi Arabia and the United Arab Emirates could mean that the two countries will soon do away with the importation of fuel as the volume of imported refined oil has already started dropping. Figures Read more
The enthusiasm triggered by the opening of the Middle East’s largest market to foreigners ended up in a disappointment on its first day after the main stock index rose to as much as 0.5% in the opening minutes and closed Read more
Director-general Saleh bin Nasser Al-Jasser of the Saudi Arabian Airlines (Saudia) has said that the company is planning to increase its fleet by almost 50% within the next five years. Saudia is the national carrier of the oil rich kingdom Read more
The regulator of the Saudi Arabian stock market has announced the rules that will be governing the much awaited opening of kingdom’s stock market to foreign investors. Among the limitations of the $575 billion bourse is that foreign investors will Read more
The first major border clashes between the Houthi rebels and Saudi Arabian forces took place on Thursday. This is the first time that the Saudi Arabian defense ministry announces that its forces suffered a full-scale Houthi attack which led to Read more
Outspoken Kuwaiti parliamentarian Abdul Hamid Dashti has angered Riyadh for his thoughts in an interview conducted last week with Manar TV. His comments were considered as an insult and the Saudi Arabian embassy in Kuwait has submitted a memorandum to Read more
King Salman has reshuffled his cabinet for the second time with the first one dating back to last month. Compared to the first one, the King made major changes this time around signaling a shift at the top of the Read more