Tag: Saudi Arabia

  • Qatar condemns bomb attack on mosque in Saudi Arabia

    Qatar condemns bomb attack on mosque in Saudi Arabia

    Qatar expressed its strong condemnation and denunciation of the bombing that targeted Al Rida mosque in Al-Mahasen district of Al Ahsa governorate in Saudi Arabia yesterday. Four people were killed and 18 wounded in the suicide attack as worshippers were leaving the mosque after Friday prayers. In statement issued yesterday, Qatar’s Foreign Ministry said “this […]

  • Saudi Arabia and Tunisia, economy at the center visit President Essebsi in Riyadh

    Tunisian President, Beji Caid Essebsi, has paid a visit to Riyadh on 22 and 23 December at the invitation of King Salman Bin Abdelaziz Al Saud. According to reports from the news agency Tunisian “Tap”, the visit reflects the will of Saudi Arabia to foster relations of partnership with Tunisia in various sectors, especially political […]

  • Egypt said to offer Saudi Arabia projects in housing, tourism

    The Egyptian government offered tourism and housing projects to Saudi Arabian funds, a government official said, as part of planned investments by the kingdom to help Egypt’s dollar-starved economy. The government offered tourism projects in the Red Sea resort of Sharm El-Sheikh, as well as a mixed-use real-estate project west of Cairo on a partnership […]

  • Saudi debt insurance cost rises to highest since 2009

    Concern about Saudi Arabia’s ability to cope with low oil prices pushed the cost of insuring its sovereign debt against default on Tuesday to its highest level since June 2009, when the global financial crisis was raging. Five-year credit default swaps edged up to 154.2 points on Tuesday, from 84 points in mid-September, according to […]

  • Iraq unseats Saudi Arabia as top crude supplier to India for third month

    Iraq unseats Saudi Arabia as top crude supplier to India for third month

    Iraq overtook Saudi Arabia as the top crude exporter to India in September for the third time in 2015, according to tanker data obtained by Reuters, as the two biggest OPEC producers battle for market share in leading Asian buyers. Saudi Arabia also lost its top spot in China last month, with Russia overtaking the […]

  • GCC insurance market poised for further growth

    The GCC remains the fastest growing insurance region, outpacing all other markets with top line growth of close to 15 per cent in 2014, says Moody’s Investors Service in a new report, forecasting similarly strong rates over 2016-18. The GCC insurance industry has more than tripled between 2006-14, with insurance premiums increasing to $22.2 billion […]

  • Emirati think tank explains UAE’s role in pro-legitimacy Arab Coalition in Yemen

    The Emirates Centre for Strategic Studies and Research has organised a lecture to educate students about the United Arab Emirates’ role in the efforts that the Saudi-led Arab Coalition is making to restore legitimacy in Yemen. The lecture is one in a series of meetings co-organised by the ECSSR and the Ministry of Education to […]

  • Saudi Arabia seeks social affairs integration with Jordan, says minister

    Saudi Arabia’s Minister of Social Affairs, Majed Al Qasabi, expressed admiration for Jordan’s accomplishments in the social and human development, under the leadership of His Majesty King Abdullah. Al Qasabi, who arrived in Amman on Monday and discussed ways of strengthening social work between the two countries, told Petra that Jordan and Saudi Arabia have […]

  • Saudi aggression launches 3 sorties against Bani Matar

    The Saudi aggression launched on Tuesday three airstrikes against Bani Matar district in Sana’a governorate. A local source told Saba that the warplanes targeted Al-Madwar area in Bani Matar district with three air raids causing damages to agricultural lands. The source condemned continuation of the Saudi aggression on Yemen under unprecedented international silence and overlooking […]

  • GCC insurance industry set to grow in double digits

    The insurance industry in the GCC is expected to grow in double digits between now and 2020, despite a potential slowdown in economic growth resulting from sustained decline oil prices, according to a study by Alpen Capital. “The GCC insurance industry continues to grow at a double-digit CAGR (compounded annual growth rate) despite a challenging […]