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02 October 2023

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DI, Red House JV to manage, develop projects in Saudi Arabia

Dubai Investments (DI), listed on the Dubai Financial Market, has announced a 50:50 joint venture partnership with Red

PE firms may fund Saudi Arabian deals

International private-equity groups considering investments in Saudi Arabia may seek to provide financing for deals


India and Saudi enhance flight connectivity

  India and Saudi Arabia have agreed to allow their airlines to add more flights between the two countries and ply a

Bad loans in Saudi Arabia reached Dh6.9bn in 2007

  Saudi Arabia’s banks have registered nearly SAR7 billion (Dh6.9bn) in bad loans in 2007 after more than 180,000

German satellite crashes in Saudi: report

A German satellite which was put in orbit by a Russian rocket in 2008 has crashed in Saudi Arabia but there were no


Saudi recalls ambassador, shuts embassy in Egypt

Saudi Arabia said on Saturday it had recalled its ambassador from Egypt for "consultation" and would close its embassy

Saudi set to have cinemas again?

Saudi Arabia is expected to allow the opening of cinema houses again after they were shut many years ago because of

Wednesday's eclipse won’t be visible in Gulf

A partial solar eclipse that is expected to occur on Wednesday will not be seen in the Gulf and other parts of the Arab


GCC condemns attack in Saudi province

Secretary General of the Cooperation Council for the Arab States of the Gulf (GCC) has strongly condemned an attack


Strong exhibitor response for construction show in Saudi Arabia

Organisers of a construction- related exhibition in Saudi Arabia said there has been a tremendous response for


High oil prices boost Saudi business confidence

The recent surge in crude prices has allied with signs of global economic recovery to improve the business mood in

Saudi shares end higher on Savola, Sabic

Saudi shares rose 2.5 per cent, driven by heavyweight Saudi Basic Industries Corp and food firm Savola, which posted