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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

King Salman > Page 5

King Salman

Islamic holy sites in the city -- including the revered Al-Aqsa mosque -- are administered by a Jordanian-run trust known as the Waqf.
Al-Aqsa mosque

Saudi Arabia pledges $150m for Islamic sites in Jerusalem

by Staff Writer Mon 16 Apr 2018Thu 7 Oct 2021

King Salman says Palestine “remains at the heart” of Arab concerns

Saudi Arabia's king turned his attention with long-time foe Iran -- only 160 kilometres (100 miles) across the Gulf from Dhahran.
Arab League

Saudi King slams Iran’s “blatant interference” in region

by Staff Writer Mon 16 Apr 2018Thu 7 Oct 2021

King Salman also said that the US move to shift embassy to Jerusalem is “illegitimate”

Houthi rebels

Saudis intercept seven Yemen rebel missiles in deadly escalation

by Staff Writer Mon 26 Mar 2018Thu 7 Oct 2021

One Egyptian was killed and two of his countrymen were wounded by falling shrapnel in Riyadh

No reason was given for the changes, which were announced in a series of late-night royal decrees approved by King Salman on Monday.
King Salman

Saudi king appoints female deputy minister in latest overhaul

by Staff Writer Tue 27 Feb 2018Thu 7 Oct 2021

King Salman also replaced top military commanders including the chief of staff

Even after King Salman ordered additional cash handouts this month to mitigate the toll of austerity on households, the median estimate of five economists surveyed by Bloomberg is 1.6 percent growth - well below the 2.7 percent in the Saudi budget.
Crown Prince Mohammed bin Salman

Economists ‘cautious’ on positive Saudi outlook

by Staff Writer Thu 18 Jan 2018Thu 7 Oct 2021

Five economists surveyed said growth would be well below what’s predicted in Saudi budget

King Salman issued the royal order this month after public complaints about the impact of higher fuel prices and the introduction of a 5 percent value-added tax.
Crown Prince Mohammed bin Salman

Saudi handouts’ cost may exceed government estimates, BofA says

by Staff Writer Sun 14 Jan 2018Thu 7 Oct 2021

Government will spend $16.48bn on a package that included paying civil servants a monthly $266 allowance for a year

“The Saudi government relies heavily on Aramco and oil income for the foreseeable future and maintaining the profitability of the company is still a priority for the government.”
Crown Prince Mohammed bin Salman

Aramco joins Saudi companies boosting pay after royal orders

by Staff Writer Mon 8 Jan 2018Thu 7 Oct 2021

‘Eligible employees’ will get an extra $267 a month for one year beginning in January

King Salman, in a series of royal orders early on Saturday, restored an annual pay rise for Saudi civil servants, suspended as part of attempts to rein in a hefty public-sector wage bill.
Crown Prince Mohammed bin Salman

Royal handouts to boost Saudis, but show struggle to revamp economy

by Staff Writer Sun 7 Jan 2018Thu 7 Oct 2021

Significant stimulus raises lots of question-marks about the overall strategy

ballistic missile

King Salman, President Trump discuss Yemen missile incident

by Staff Writer Thu 21 Dec 2017Thu 7 Oct 2021

The Pentagon has pledged to work with Saudi officials to “fully understand” the incident

ballistic missile

US military investigating Yemen missile intercepted over Riyadh

by Staff Writer Wed 20 Dec 2017Thu 7 Oct 2021

The Pentagon says the US is working closely with Saudi Arabia to “fully understand” the incident.

King Salman isn’t planning to abdicate in favour of his son, a senior Saudi official said, dismissing mounting speculation that Crown Prince Mohammed bin Salman will soon ascend to the throne.
Anti-corruption

Saudi king will not relinquish throne, senior official says

by Staff Writer Sun 12 Nov 2017Thu 7 Oct 2021

Abdication is unthinkable, the senior official said

US President Donald Trump said he had "great confidence" in an anti-corruption sweep by Saudi Arabia that has seen dozens of high-profile political and business figures arrested.
Anti-corruption

Trump says Saudi purge targets were ‘milking’ country

by Staff Writer Tue 7 Nov 2017Thu 7 Oct 2021

Saudi authorities have hinted they could widen the crackdown

Mohammed Al Jadaan said the kingdom was making significant progress in achieving the objectives set out in Vision 2030.
Crown Prince Mohammed bin Salman

Saudi Arabia in midst of ‘unprecedented transformation’ – finance minster

by Staff Writer Thu 12 Oct 2017Thu 7 Oct 2021

Mohammed Al Jadaan lauds reforms being implemented in the kingdom

Amin al-Nasser, Chief Executive of state oil company Saudi Aramco.
Alexander Novak

Saudi Aramco CEO says no Russian discussions over participation in IPO

by Staff Writer Thu 5 Oct 2017Thu 7 Oct 2021

CEO Amin Nasser said two nations are continuing discussions on energy cooperation

Saudi King Salman bin Abdulaziz is beginning an historic first visit to Russia by a monarch of the Gulf kingdom as he seeks an understanding with President Vladimir Putin to extend an agreement curbing oil supplies. Images: SPA.
Dmitry Rogozin

Saudi king arrives in Russia for historic first visit

by Staff Writer Thu 5 Oct 2017Thu 7 Oct 2021

King Salman’s three-day trip is expected to focus on energy and the Syrian conflict

King Salman of Saudi Arabia will visit Russia on Thursday, senior Kremlin aide Yury Ushakov was quoted by the TASS news agency as saying.
global oil market

Saudi’s King Salman to visit Russia on Thursday: Kremlin

by Staff Writer Mon 2 Oct 2017Thu 7 Oct 2021

Visit comes a month before members of the OPEC oil cartel are due to meet to discuss extending the pact that has helped prop up prices

King Salman of Saudi Arabia announced  plans to invest $3 billion (SR11bn) in “New Taif” city projects, which includes new Taif Airport, expansion of Souq Okaz City, technology and industrial parks, a residential suburb of more than 10,000 homes and a new university.
King Salman

Saudi Arabia to invest $3bn in ‘New Taif’ city

by Staff Writer Mon 2 Oct 2017Thu 7 Oct 2021

Projects include Taif Airport, a residential suburb of more than 10,000 homes and a university.

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