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Tag Archives: saudi arabia

Saudi boosts citizen benefits – New taxes bite

RIYADH, Jan 6, (AFP): Saudi Arabia announced Saturday it had boosted stipends and benefits for citizens to cushion the impact of economic reforms including the kingdom’s first ever taxes after an oil price slump. Most working Saudi Arabians are employed by the state and, like nationals in other energy-flush Gulf …

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Saudis find body of judge – Policeman, militant killed in shootout

RIYADH, Dec 25, (AFP): Saudi police have recovered the body of a kidnapped pro-government Shiite judge after a shootout in which a policeman and a suspected militant were killed, the interior ministry said Monday. The remains of Judge Mohammed al-Jirani were found on a farm in the town of Awamiya …

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Billionaire freed after settlement

AMMAN, Dec 19, (RTRS): Palestinian billionaire Sabih al- Masri, Jordan’s most powerful businessman, returned to Amman on Tuesday after his release in Saudi Arabia secured when he agreed to pay an unspecified amount of money, sources close to the matter said. Masri was detained for questioning last week over his …

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Saudis ‘down’ Houthi missile – Riyadh target

RIYADH, Dec 19, (Agencies): Saudi Arabia said it shot down a ballistic missile Tuesday over Riyadh fired from Yemen by Iran-backed Houthi rebels who announced that the target was the official residence of King Salman. Saudi Arabia and the United States have accused Iran of supplying weapons to the insurgents, …

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Saudis said to ‘detain’ Palestinian billionaire

AMMAN, Dec 16, (RTRS): Sabih al-Masri, Jordan’s most influential businessman and the chairman of its largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. Masri’s detention, which follows the biggest purge of the Saudi kingdom’s …

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Saudi focus on ‘reforms’

RIYADH, Saudi Arabia, Dec 13, (Agencies): Saudi King Salman delivered a speech on Wednesday outlining his government’s priorities for the coming year, urging citizens to support economic reforms and the government’s anti-corruption drive. In early November, the king’s son and heir, Crown Prince Mohammed bin Salman, oversaw the unprecedented arrest …

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95% of suspects detained in Saudi Arabia corruption probe accept settlements

RIYADH: Saudi Arabia’s attorney general said Tuesday that most of the 159 individuals detained in a corruption sweep have agreed to pay a financial settlement a month after the kingdom’s powerful crown prince launched the unprecedented purge against high-level princes, businessmen, officials and military officers. A little more than a …

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Greek query over botched Saudi arms sale – Government accused of incompetence

ATHENS, Nov 25, (AFP): The Greek government has come under fire over a planned arms sale to Saudi Arabia that fell through amid accusations of incompetence against the defence minister, a key ally of Prime Minister Alexis Tsipras. Opposition lawmakers say the botched deal for surplus military stock cost Greece …

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Saudi Arabia aims to start issuing tourist visas to foreigners next year

DUBAI: Saudi Arabia aims to start issuing tourist visas to foreigners next year, a senior Saudi official told CNN, as the government seeks to open up the conservative kingdom and find new sources of revenue to diversify its economy. At present, foreigners travelling to Saudi Arabia are largely restricted to …

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Banks wary of loans in corruption probe

DUBAI, Nov 20, (RTRS): Kingdom Holding’s plan to borrow money to fund new investments has stalled because owner Prince Alwaleed bin Talal has been detained in Saudi Arabia’s anti-corruption crackdown, according to four banking sources familiar with the matter. Kingdom had approached banks to obtain the loan, but the financing …

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