June data highlighted another difficult month for Saudi Arabia’s non-oil private sector economy, with cautious business and consumer spending patterns widely reported to have held back new order …
What Saudi Arabia’s big bank merger says about the kingdom’s economy
The $15.6bn deal to combine National Commercial Bank and Samba would create a banking giant in terms of loans with almost a 30% market share in the kingdom …
Dozens of U.S. Diplomats to Leave Saudi Arabia as Coronavirus Outbreak Worsens
A group of U.S. diplomats and their families are leaving Saudi Arabia this weekend amid a surge in new coronavirus cases, drawing into focus the kingdom’s struggle to contain the outbreak as it …
Gaddafi, extremist preacher discuss plans to overthrow Kuwait, Saudi rulers: Audio
Former Libyan dictator Muammar Gaddafi and Kuwaiti hate preacher and author Hakem al-Mutairi are heard discussing plans to overthrow the leaders of Kuwait and Saudi Arabia in the latest audio …
New Saudi Arabia airport design resembles shimmering desert mirage
A lavish new airport designed to look like a shimmering desert mirage has been unveiled as part of Saudi Arabia’s multi-billion plan to reinvent itself as a major international tourism destination.
Jamal Khashoggi murder: Turkey puts 20 Saudis on trial in absentia
Khashoggi was a vocal critic of the prince. Saudi Arabia carried out a separate trial over the killing that was heavily criticised as incomplete. The trial in Istanbul follows an international outcry …
Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years
Citigroup is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20 for onshore capital markets in the last two years, its Europe, Middle East and …
Saudi Arabia to Bahrain causeway said to reopen late July
The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia The roadway linking Bahrain to Saudi Arabia is expected to reopen on July 27, Asharq Al-awsat …
Saudi Arabia to Bahrain causeway said to reopen late July
The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia The roadway linking Bahrain to Saudi Arabia is expected to reopen on July 27, Asharq Al-awsat …
Expect a fiscal deficit of 15% in Saudi Arabia in 2020: Economist
Chris Payne, chief economist at Peninsula Real Estate, says the government of Saudi Arabia wants to invest in the longer term diversification of the economy while sovereign funds cover the potential …