News related to Saudi

Christian cross dropped from Real Madrid logo in GCC clothing deal

The club crest of Spanish soccer team Real Madrid will be altered to remove the traditional Christian cross from clothing apparel sold in some Middle East countries under a regional deal. Marka, a retailing group in the United Arab Emirates, has been granted exclusive rights to “manufacture, distribute and sell Real Madrid products” in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman, the company said in […]

January 25

Saudi Arabia says militants in Jeddah shootout were linked to ISIL

Two Saudi men who blew themselves up during a gunbattle with security forces in Jeddah last week had ties with ISIL and were linked to past attacks on mosques and security forces in Saudi Arabia, the interior ministry said on Tuesday. After Saturday’s security operation in Jeddah’s eastern Al-Harazat district, the interior ministry accused the two men of planning attacks inside the country. A ministry statement carried […]

January 25

Saudi Aramco asks banks to pitch for world's largest IPO

Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world’s biggest initial public offering, sources familiar with the matter told Reuters on Tuesday. Morgan Stanley and HSBC are among banks that have received the request for proposals, one of the sources told Reuters, with the other adding that the invitation was to evaluate Aramco’s […]

World

Trump White House lowers expectations for quick embassy move in Israel

By Luke Baker and Matt Spetalnick | JERUSALEM/WASHINGTON JERUSALEM/WASHINGTON During the presidential campaign, Donald Trump’s team spoke often about moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. But since taking office, the contentious issue has become more nuanced and may already be moving to the backburner. In a statement issued before a first post-inauguration phone call between Trump and Israeli Prime Minister Benjamin Netanyahu […]

Arts & Culture

Album review: Now this is indie Arabia at its best

Now: The Best of Indie Arabia Various artists (Universal Music Mena) Five stars To expats of a certain age, the “Now..!” brand of music compilation albums are synonymous with the kind of plastic pop wheeled out at social gatherings in the days before iPods or YouTube. Since 1983, the brand has shifted more than 100 million copies across five continents. Compiling the biggest hits of the day […]

UAE set to host 2019 Asian Cup, final to be played at Zayed Sports City

The 2019 Asian Cup will begin on Jan. 5 and will be played over 28 days across eight stadiums in the United Arab Emirates, the continent’s soccer governing body said on Monday. The Zayed Sports City in Abu Dhabi will play host to the opening game and the final on Feb. 1 in the region’s premier tournament for the member nations, the Asian Football Confederation said in […]

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Saudi Electricity Company staff accused in corruption case

Saudi Arabia’s anti-corruption body has accused executives and employees of Saudi Electricity Company (SEC) of misusing public funds, it said in a statement on Sunday referring the case for prosecution. The National Anti-Corruption Commission, or Nazaha, said it had identified irregularities in eight contracts concluded by the state-controlled utility company’s employees in Eastern Province worth more than 80 million riyal ($21.33 million), mostly involving the purchase of […]

Companies

Petrotechnics' proscient selected by accenture to deliver groundbreaking digital approach to industrial operations for saudi aramco's jazan refinery

Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Proscient to provide Process Safety and Operational Risk Management System (PSORMS) capabilities to reduce risk, improve productivity and lower costs Dammam, Saudi Arabia, 23 January 2017 Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence – has been selected by Accenture […]

Arts & Culture

10 things to do today: attend a screening of Jean Renoir's The River, buy Abu Dhabi Festival tickets and more

Your daily guide to community and cultural activities across the Emirates for January 23, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Film screening Watch a screening of the visually stunning 1951 Jean Renoir film The River as part of the Cinema Space series. The film has been restored with the support of Martin […]

Saudi finance ministry rules out introducing fees on expats' remittances

The Saudi finance ministry said on Sunday there would be no fees applied on remittances out of the country, days after the kingdom’s advisory Shura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances. Saudi Arabia is “committed to the principle of free movement of capital in and out of the kingdom, in line with international standards,” the ministry’s […]

Politics

KSrelief launches medical convoy to deliver aid to Yemen

RIYADH/ADEN: King Salman Humanitarian Aid and Relief Center (KSrelief) on Sunday dispatched a convoy loaded with 17 containers of medical supplies and equipment to Yemen, Abdullah Al-Rabeeah, Royal Court and KSrelief Supervisor, said Sunday. The convoy consisted of 11 containers carrying 279 types of medical supplies to the Republican Hospital in Aden and 25 types of medical equipment and supplies for the central medicinal and pharmacology storage […]

Newsbox

Renewed Fighting and Drone Strikes in Yemen Kill About 75

SANA, Yemen — Renewed fighting in the Yemen conflict killed about 75 people on Saturday and Sunday, some of them in the first drone strikes launched during the new administration of President Trump, according to Yemeni news reports. Two drone strikes in the central Yemeni province of Bayda on Saturday killed 10 militants with Al Qaeda, three of them hit while riding on a motorcycle and the […]

World

U.S. in 'beginning stages' of talks on Jerusalem embassy move -spokesman

By Warren Strobel and Matt Spetalnick | WASHINGTON WASHINGTON The White House said on Sunday that it is only in the early stages of talks to fulfill President Donald Trump’s pledge to move the U.S. embassy in Israel from Tel Aviv to Jerusalem, an action that would likely spark anger in the Arab world. “We are at the very beginning stages of even discussing this subject,” White […]

Output cuts set to lower oil inventories, says Saudi's Falih

Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. “I am satisfied, I am optimistic and, as I said, the markets are on their way to rebalance and it’s happening,” Saudi energy minister Khalid al-Falih said. Compliance […]

Business

OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

By Rania El Gamal and Vladimir Soldatkin | VIENNA VIENNA A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. The committee is expected to discuss how to best monitor compliance with the deal reached late last year as well as what level of compliance would […]

Companies

World-class power brands to boost regional presence at Gulfood 2017

Middle East stands out as a key growth area for food providers in global packaged F&B, with market tipped to reach USD2.2 trillion by 2020 22 January 2017 Dubai, UAE: The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands […]

Dubai Chamber sees 16,800 new members in 2016

Dubai Chamber of Commerce and Industry saw its network of members grow by 9 percent, or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The increase strengthens the Chamber’s position as one of the largest membership-based chambers of commerce in the world, it said in a statement. It said the total value of members’ exports and re-exports amounted […]

Why MENA stock markets are likely to shine in 2017

While the year ahead could prove to be a bumpy one for global financial markets amid ongoing political and policy risks, there is reason for optimism over the outlook for stocks in the Middle East and North Africa (MENA) region. Compared to 2016, a number of structural tailwinds should give investors greater confidence in MENA’s fundamentals. The implementation of major fiscal and capital market reform throughout the […]

FT Select

At least 21 killed in Pakistan bomb attack

A powerful bomb blast on Saturday in a busy market of a remote Pakistani region near the Afghan border killed at least 21 people and injuring more than 40 others. The bomb was placed in a box of vegetables in a market at Parachinar city and exploded during the early morning rush hour. Responsibility for the attack was claimed by the Pakistan Talibaan and Lashkar-e-Jhangvi [LeJ], a […]

World

Militants blow themselves up after gunfight with Saudi forces – media

DOHA Two suspected militants blew themselves up following a confrontation with security forces in Saudi Arabia’s second city of Jeddah on Saturday, Saudi media reported. Saudi security forces surrounded a house in Jeddah and exchanged fire with the men, who blew themselves up, Sabq.org, a website affiliated with the monarchy’s interior ministry, said. UAE-based Sky News Arabia also reported the incident and ran a video of an […]

Is Africa's investment dream still on track?

In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]

Phase 1 Mohammed bin Rashid Al Maktoum Solar Park

Harnessing a solar future in the Gulf

There is no doubt that 2016 was a milestone year for utility-scale solar in the Middle East. The UAE set – and then reset – the benchmark for low-cost solar electricity; Saudi Arabia made its highest level commitment to investing in solar; and Jordan commissioned its largest utility-scale solar power plant and announced plans to tender a new round of projects. In fact, these three countries alone […]