Edition:
United States

Reem Shamseddine

Exclusive: Saudi Arabia prepares to auction detained billionaire's real estate, cars - sources

Feb 26 2018

DUBAI/KHOBAR, Saudi Arabia Saudi authorities are preparing to auction billions of dollars of real estate and cars belonging to billionaire Maan al-Sanea and his company as they look to hasten an end to one of the kingdom's longest-running debt disputes.

In boost to reform, Saudi Arabia's cabinet approves bankruptcy law

Feb 18 2018

DUBAI/KHOBAR, Saudi Arabia Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.

Saudi ACWA Power sees $4.5 billion in local project tenders

Feb 11 2018

RIYADH Saudi Arabian utility developer ACWA Power expects to submit tenders for projects this year worth $4.5 billion in Saudi Arabia and will also target projects in Morocco and the United Arab Emirates, its chief executive said.

Building world's tallest tower going ahead after Saudi corruption purge

Feb 07 2018

JEDDAH, Saudi Arabia Construction of the world's tallest skyscraper in Jeddah is going ahead, the head of the consortium behind the $1.5 billion project said, despite the detention of some businessmen backing the plan in Saudi Arabia's crackdown on corruption.

Guilt, fines remain hazy as Saudi corruption purge draws to close

Jan 29 2018

RIYADH Saudi Arabian media magnate Waleed al-Ibrahim was found innocent in an anti-corruption purge, a source at his company said on Monday, part of a wider campaign against graft whose secrecy could hurt the country's effort to win foreign investment.

Saudi's SABIC buys quarter of Clariant as activists cash in

Jan 25 2018

ZURICH/KHOBAR, Saudi Arabia Saudi Basic Industries Corp (SABIC) bought a 25 percent stake in Clariant, ending the Swiss speciality chemical group's fight with activist investors but raising further questions about its future.

Saudi regulator asked to study local market impact of Aramco IPO

Jan 24 2018

KHOBAR, Saudi Arabia/RIYADH An advisory council to Saudi Arabia's government has asked the securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offer could damage the market.

Saudi regulator asked to study local market impact of Aramco IPO

Jan 24 2018

KHOBAR, Saudi Arabia/RIYADH, Jan 24 An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market.

Saudi Aramco signs crude-to-chemicals technology agreement

Jan 18 2018

DHAHRAN, Saudi Arabia Saudi Aramco [IPO-ARMO.SE] signed a deal on Thursday with two U.S. firms for pilot use of a technology to convert crude oil to chemicals, helping the state company to expand its petrochemical business.

Saudi Aramco signs crude-to-chemicals technology agreement

Jan 18 2018

DHAHRAN, Saudi Arabia Saudi Aramco signed a deal on Thursday with two U.S. firms for pilot use of their technologies to convert crude oil to chemicals, helping the state company expand its petrochemical business.

World News

At U.N. podium, Trump to tout protecting U.S. sovereignty

Since U.S. President Donald Trump made his debut at the United Nations a year ago pushing an "America First" policy, he has quit the Iran nuclear deal, the U.N. Human Rights Council and lashed out at some of the closest allies of the United States.