Oman signs $210 million Saudi financing for key industrial project
Oman’s government has signed to obtain 81 million Omani rials ($210 million) of financing from Saudi Arabia for…
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Saudi Arabia
Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO
Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a…
Saudi decision to ban Egypt’s strawberry imports to take effect in Jan.
Saudi Arabia’s decision to ban imports of Egyptian strawberries due to pesticide residues will go into force as of…
Saudi king orders new allowances to counterbalance rising cost of living
Saudi Arabia’s King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over…
Saudi Arabia and United Arab Emirates introduce VAT for first time
Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time. The 5%…
Egypt-Saudi Arabia electricity linkage project to go into operation in 2021
The first phase of the electricity interconnection project between Egypt and Saudi Arabia will be operated during…
Sisi discusses Egyptian-Saudi ties in phone call with Saudi Crown Prince
Egyptian President Abdel Fattah al-Sisi received a phone call from Saudi Crown Prince Mohammed Bin Salman late…
Oil prices near 2015 highs on tight market
Oil prices were stable on Thursday with trading activity drying up ahead of the New Year weekend. Heading into…
Saudi Arabia bans imports of Egyptian guavas
Saudi Arabia is banning imports of Egyptian guavas due to pesticide residues, the Saudi agriculture ministry said…
Saudi stocks rise on oil price surge, Gulf bourses mostly little changed
Saudi Arabia’s stock market went higher in early trade Wednesday as petrochemical shares climbed on the back of an…
