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Tag Archives: Saudi

Show ‘evidence’ Iran attacked Saudi oil facility: Rouhani

NEW YORK, (BSS/AFP) – Iranian President Hassan Rouhani challenged countries who accused Iran of carrying out this month’s attack on a Saudia Arabian oil facility to provide evidence. “Those who make the allegations must provide the needed proof. What is your evidence?” he told reporters in New York, a day after addressing the UN General Assembly. The United States, France, ... Read More »

Saudi officials nab man wearing explosive vest

Saudi security forces neutralises a suspected “terrorist” in the city of Al Bukayriyah, who was wearing what appeared to be an explosive vest. The security spokesman of the Ministry of the Interior said that officials managed to trace Fawaz Abdulrahman Eid Al-Harbi, and attempted to arrest him at 1.30 am on Wednesday, August 15. However, he opened fire towards them ... Read More »

Saudi wealth fund has shown no interest in bankrolling Tesla buyout

Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets when he said on ... Read More »

BD expat, security officer killed in Saudi Arabia shootout

Four people, including a security officer and a resident were killed in an alleged “terrorist” attack at a security checkpoint in Buraidah in Saudi Arabia, the official Saudi Press Agency (SPA) reported on Monday. An official source of the interior ministry said that at 3.45 pm on Sunday, July 8, three “terrorists” in a Hyundai Elantra vehicle Model 2018 fired ... Read More »

Neutral Zone oil production will resume when deal reached with Riyadh

Oil production at the Neutral Zone between Saudi Arabia and Kuwait will resume when the two sides reach a deal, Kuwait’s oil minister said. Bhakeet Al-Rashidi told parliament production was stalled “due to technical reasons”, according to Kuwait news agency KUNA. He said the two sides were “tackling the matter” and production would resume “as soon” as they reached an ... Read More »

Saudi, UAE and allies submit Qatar airspace dispute to ICC

The UAE, Saudi Arabia, Bahrain and Egypt are bringing a sovereign airspace dispute with Qatar to the International Court of Justice, the four countries said on Wednesday. The group, which began a boycott of Qatar more than a year ago, said they were submitted their complaint to the court on the grounds that UN aviation body the International Civil Aviation ... Read More »

Saudi football fans may miss out on World Cup

Saudi football fans are facing the prospect of missing their national team’s first appearance in the FIFA World Cup for 12 years, amid a dispute over broadcasting rights with Qatar. Qatar’s beIN Sports holds exclusive rights to air the tournament in the Middle East and North Africa but its channels have been banned in Saudi Arabia since the kingdom led ... Read More »

Saudi Binladin Group to be renamed

Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an anti-graft drive. The moves would be the first in a broad restructuring planned for Saudi Arabia’s biggest builder as Riyadh takes a stake of at ... Read More »

Saudi royals battle over $34m mansion compound in US

Two Saudi royals are fighting it out in a US court over a $34m two-mansion compound in Beverly Hills, according to reports. Bloomberg said Prince Faisal Bin Abdullah Bin Abdulaziz Al Saud wanted to stop his former wife Fahdah Husain Abdulrahman Al-Athel from selling the property until they decide how to split up the proceeds. He also wants a $41m ... Read More »

Riyadh says it’s ready to lift female driving ban next month

Saudi Arabia is ready to lift of its female driving ban next month, an official said. The director general of the General Department of Traffic, Mohammed Al-Bassami, said in a government statement that all the necessary preparations to go ahead with the historic decision were in place. “All the requirements for women in the kingdom to start driving have been ... Read More »

Citigroup eyes Saudi expansion

Citigroup is considering seeking a full banking licence in Saudi Arabia as Western banks aim to capitalise on Saudi economic reforms, with rival HSBC announcing it has won mandates for several privatisations in the kingdom More than a dozen foreign banks have licences to operate branches in Saudi Arabia, battling for business resulting from the kingdom’s efforts to itself off ... Read More »

Saudi woman stirs debate after being told to cover face

A female Saudi media personality has provoked heated debate in the kingdom after forcing staff at the justice department to serve her when she wasn’t wearing a face covering. Muna Abu Sulayman, a co-host of a popular MBC show Kalam Nawaem, said she walked into the justice department in Riyadh wearing a hijab rather than the full-face niqab but was ... Read More »

Slumping economy overhangs Saudi reform efforts

A slump in Saudi Arabia’s economy cast a shadow over ambitious plans for reform as top officials met businessmen to discuss freeing the kingdom from its dependence on oil exports. At a conference with hundreds of foreign and local bankers and potential investors, ministers said privatisations and partnerships between the government and private companies to build infrastructure projects would begin ... Read More »

UAE’s Futtaim opens Saudi’s first IMAX cinema

Saudi Arabia on Monday witnessed the opening of its second new cinema in decades by UAE malls and retail group Majid Al Futtaim’s Vox Cinemas unit. The opening follows a decision last year to lift a nearly 40-year ban on theatres after venues were shut down under pressure from Islamists in the early 1980s. A gala event was held for ... Read More »

Riyadh launches multi-billion dollar entertainment resort

Saudi King Salman and Crown Prince Mohammed bin Salman attended the ground-breaking ceremony of a vast entertainment resort that is at the heart of an ambitious strategy to open the economy and ease social restrictions. Qiddiya, about an hour’s drive from Riyadh, is being built on a 334sqkm (8,400-acre) site, making it two-and-a-half times the size of Disney World. It ... Read More »

Saudi Aramco appoints new board members including woman

Saudi Aramco, the world’s top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives. The appointments, which bring in more international experience, come as the Saudi government plans to float around ... Read More »

Riyadh privatisation plans target $11bn in non-oil revenues by 2020

Saudi Arabia aims to generate SAR35bn-40bn ($9bn-11bn) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the official Saudi Press Agency. The initiative targets 14 public-private partnership (PPP) investments worth SAR24bn-28bn. It includes the corporatisation of Saudi ports and the privatisation of the production sector at the Saudi ... Read More »

S Arabia’s first cinema will open on Apr 18 in Riyadh

Saudi Arabia’s first cinema in more than 35 years will open on April 18 in Riyadh, the capital, the authorities said after agreeing with AMC Entertainment Holdings to open up to 40 theatres over the next five years. Movie theatres will not be segregated by gender like most other public places in the deeply conservative Muslim kingdom, and the first ... Read More »

Saudi King reiterates Palestine support

Saudi Arabia’s King Salman has reiterated the country’s support for Palestine in a phone call with US President Donald Trump after the heir to the throne issued comments appearing to acknowledge Israel’s right to a nation-state. The kingdom still does not officially recognise Israel and has stated for decades that normalising relations depends on Israel’s withdrawal from lands captured in ... Read More »

Saudi crown prince meets Bezos, Gates

Saudi Arabia’s Crown Prince Mohammed bin Salman has met the world’s two richest men, Amazon founder Jeff Bezos and Microsoft founder Bill Gates, during a stopover in Seattle. The heir to the Saudi throne’s three-week US tour saw him visit major cities and meet President Donald Trump at the White House. Read More »

Saudi motorists face fines in seat belt crackdown

Motorists in Saudi Arabia will be fined but not immediately jailed as the kingdom begins electronically monitoring traffic violations in some cities, the General Directorate of Public Security. The kingdom’s traffic authorities began automatically monitoring drivers for violations including use of mobile phones and not wearing seat belts in Riyadh, Jeddah and Dammam under efforts to improve road safety. The ... Read More »

Saudi govt to hire women ‘soldiers’

Saudi Arabia’s Directorate of Public Security is to hire female soldiers for the first time. The directorate has opened the door to accept women in military posts for the rank of ‘soldier’ in Riyadh, Makkah, Madinah, Qassim and Asir, according to Saudi Press Agency. Applicants can apply through the jobs.moi.gov.sa jobs portal until March 1. The Directorate of Public Security’s ... Read More »

Saudis attend country’s first jazz festival

Men and women swayed to music at Saudi Arabia’s first-ever jazz festival on Friday, the second of a three-day outdoor event that showcases the Kingdom’s recent efforts of shedding its conservative image. Locals and foreigners flocked to the festival to watch bands from Riyadh, Beirut and New Orleans. The crowd sang along when Lebanon’s Chady Nashef performed the Eagles’ “Hotel ... Read More »

Investcorp to fit out some Saudi gyms for women

Bahrain-based private equity firm Investcorp is turning some of the gyms it part owns in Saudi Arabia into women-only facilities in response to surging demand, its co-chief executive said. The move comes as the deeply conservative kingdom embarks on a transformation that encompasses giving women more freedoms, including being allowed to drive and attend sporting events. “Recently the regulations were ... Read More »