Latest in Tag: saudi arabia Highlight
Latest in Tag: saudi arabia
Saudi end to girlsâ sports âwelcomeâ: HRW
AFP- Human Rights Watch welcomed Saturday a recommendation by Saudi Arabiaâs consultative Shura Council to lift the ban on sports in girlsâ state schools. On Tuesday, the council recommended that the longstanding ban, relaxed in private schools last year, be ended altogether, state media in the ultra-conservative Muslim kingdom reported. It is now up to …
Saudi Arabiaâs NCB plans capital hike before IPO
Reuters – National Commercial Bank, Saudi Arabiaâs biggest bank by assets, plans to boost its capital by SAR 5bn ($1.3bn) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday. The announcement comes one month after the Saudi government said it planned to float 15% of the state-owned bank …
Saudi Arabia’s Algosaibi calls may creditor meeting: bankers
Reuters – Saudi Arabian conglomerate Ahmad Hamad Algosaibi& Brothers has called a meeting of creditor banks in Dubai on 7 May to discuss a proposed settlement of billions of dollars of unpaid debt, commercial bankers said on Monday. The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Maan …
53 nations pledge support for Egyptâs âwar against terrorismâ
New UNHRC statement runs counter to western human rights concerns
Egypt army extends power by taking charge of Gulf aid
Bread is a politically-explosive issue in Egypt â failure to deliver it at an affordable price has triggered major riots in the past and the government wants to boost its storage capacity to reduce its reliance on international markets.
Qatar buys helicopters, missiles in $23bn arms deals
Reuters – Qatar announced contracts worth about $23bn on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co, Airbus and other arms makers as the Gulf state accelerates its military build-up. The worldâs top liquefied natural gas (LNG) exporter announced deals with about 20 global companies, including firms from the …
Arab summit kicks off with calls to arm Syria rebels
The head of the Syrian National Coalition, Ahmed Jarba, repeated calls on the international community to supply rebels with âsophisticated weaponsâ.
Saudi says world has âbetrayedâ Syria rebels
Saudi Arabia is one of the main backers of the rebellion against Assad that erupted three years ago and has become a full-fledged civil war after loyalists launched a crackdown against protesters seeking democratic reforms.
Qatar calls for dialogue in Egypt
Relations between Egypt and the Gulf state have been strained over Dohaâs backing for Islamist president Mohamed Morsi, who was ousted by the army in July following nationwide protests.
Egyptâs Naeem Holding to cross-list on Abu Dhabi exchange
Reuters – Naeem Holding for Investments has received approval from the United Arab Emirateâs financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. âCoordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of …
Arab countries to send oil product aid to Egypt through September: Finance minister
Reuters – Arab countries will extend aid to Egypt in the form of petroleum products until at least September, Finance Minister Hany Kadry Dimian said on Thursday, a move that will help avert an energy crunch expected in the summer when consumption soars. Saudi Arabia, the United Arab Emirates and Kuwait have rushed to provide …
Al-Sisi on official visit to UAE
Defence minister overseeing final stages of military exercises and meeting officials
Saudi retailer Alhokair eyes US, UK buys; plans debut sukuk
Reuters – Fawaz Abdulaziz Alhokair Co., the Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, is studying three to five acquisition targets in the United States and United Kingdom, a company official said on Monday. The firm, the largest listed retailer on the Saudi stock market, also aims …
Anti-Coup Alliance denounces Saudi Arabia’s support for âcoupâ
Group calls on Saudis to support Egyptian people and not the “oppressive putschist regime”
Egypt lauds Saudi decision to list Brotherhood as terrorist organisation
Cairo and Riyadhâs cooperation aims to spread teaching of tolerant Islam and tackle extremism, says foreign ministry
Saudi lists ‘terror’ groups, orders Islamist fighters home
The move represents a major escalation against the Brotherhood of deposed Egyptian president Mohamed Morsi and indicates rising concern in Riyadh over the potential risks to domestic security of Saudi extremists fighting in Syria.
Qatar dispute is with âmajority of Arab countriesâ: Egypt
Foreign ministry says removal of ambassadors from Qatar shows opposition to the country’s âattitudes and policiesâ
Saudi, Bahrain, UAE recall envoys to Qatar
The three Gulf Arab states made the decision following what newspapers described as a âstormyâ late Tuesday meeting of foreign ministers from the six-nation Gulf Cooperation Council in Riyadh.
Dubaiâs DAMAC triples profit as property sales surge
Reuters – Dubai luxury real estate developer DAMAC tripled its 2013 net profit and plans more new projects this year, it said on Tuesday, dismissing growing concerns of a new property bubble in the emirateâs real estate market. Property prices in Dubai rebounded by more than 20% last year, having slumped more than 50% from …
Saudi women activists demand end to âabsoluteâ male control
Saudi Arabia imposes a strict interpretation of Islamic law, forbidding women to work or travel without the authorisation of their male guardians.
Saudi hits back at Russia criticism on Syria arms
AFP â Saudi Arabia has hit back at Russian criticism of its reported plans to supply shoulder-launched missiles to Syrian rebels, saying it was Moscowâs support for Damascus that was prolonging the conflict. A spokesman told the official SPA news agency late Friday that the foreign ministry had been âastonished by Russian criticism of Saudi …
Dodgy data obscures reality of Gulfâs economic boom
Reuters â Saudi Arabiaâs economy chugged along at modest annual growth rates of around 2.5% in the first three quarters of 2013. Then in the fourth quarter it soared, with gross domestic product jumping 10% from a year earlier. That is the picture delivered by data from the governmentâs statistics office. But it is not …
Egyptian fishermen in Saudi Arabia released
All but four of the fishermen let go after being held since Friday for entering Saudi waters without permit
1 Egyptian killed, 66 detained for illegal fishing in Saudi Arabia
Egyptian Consulate-General in Saudi Arabia reports 205 fishing violations in two years
General Dynamics Canada wins Saudi deal worth up to $13bn
Reuters â US weapons maker General Dynamics Corp has won a contract worth up to $13bn for its Canadian division to build light-armored vehicles for Saudi Arabia, in what Ottawa said was the largest advanced manufacturing export win in Canadian history. General Dynamics said on Friday the 14-year contract for military and commercial vehicles and …
Saudi Valentines defy the love police
Florist Hussein came up with a simple solution to a ban on red tokens of love: he filled his window with white roses, orange irises and violet hydrangeas
Gulf states step up policing of online media: watchdog
Kuwait topped the Gulf Cooperation Council (GCC) countries on the press freedom list but dropped 14 points to rank 91st worldwide.
Presidency offers condolences after fire kills nine Egyptians in Medina
Ministry of Civil Aviation and EgyptAir will bring the victims home
Obama to face blunt talk in Saudi Arabia
The White House waited until Monday to confirm that Obama would indeed add an unexpected stop in Saudi Arabia onto a previously announced tour of the Netherlands, Brussels and Vatican City in March.
El-Beblawi in Saudi Arabia to discuss economic ties, investment issues
Egyptian delegation meets with Crown Prince of Saudi Arabia Salman bin Abdulaziz Al Saud