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Tag Archives: saudi arabia

Saudi plans to borrow $10-15b internationally in 2017: official – Local bond issue likely to resume in Q1

DUBAI, Dec 23, (RTRS): Saudi Arabia plans to borrow between $10 to $15 billion from international markets in 2017 and around 70 billion riyals from the domestic market, a senior Saudi official told Al Arabiya television channel. Mohammad al-Tuwaijri, secretary-general of the Finance Committee at the Royal Court, was speaking …

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Saudi budget to tackle record deficit

Riyadh, Dec 22, 2016 (AFP) – Saudi Arabia on Thursday releases its first budget since announcing a wide-ranging economic reform plan after collapsed oil prices led to one of the highest deficits in the developing world. “Tough measures” including subsidy cuts are expected as the kingdom seeks to balance the …

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Johnson comment misconstrued: Saudi

RIYADH, Dec 11, (Agencies): The press took out of context comments by Britain’s foreign secretary about “proxy wars” waged by longtime ally Saudi Arabia, the Saudi foreign minister said Sunday, deeming the matter closed. In a video reported last week, Boris Johnson at a conference in Rome accused Saudi Arabia …

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Saudi arrests IS follower accused of killing officer

RIYADH, Nov 26, (Agencies): Saudi Arabia on Saturday revealed the identity of a man it accuses of killing a soldier last week, saying he confessed to being a follower of the Islamic State jihadist group. An interior ministry spokesman said the assailant was captured three days after shooting dead soldier …

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Saudi policeman shot dead

Riyadh, Nov 19, 2016 (AFP) – A Saudi policeman was shot dead Saturday in the kingdom’s Shiite-populated east, the interior ministry said. The officer was hit by gunfire from “an unknown source” as he got out of his car in a neighbourhood northwest of the city of Dammam, said a …

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Prince of Saudi flogged in court-ordered punishment – Council rejects study of women driving

DUBAI, Nov 2, (Agencies): A prince of Saudi Arabia’s ruling Al Saud family was given lashes in a prison in Jeddah as a court-ordered punishment, a Saudi newspaper said on Wednesday, less than a month after the kingdom executed another prince for murder. Okaz daily did not disclose the offence …

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Organization of Islamic Cooperation chief Amin Madani quits after ‘Egypt joke’

RIYADH, Saudi Arabia, Nov 1, (Agencies): The secretary general of the Saudi-based Organization of Islamic Cooperation has resigned after making a joke about the purportedly frugal ways of Egypt’s president, the group said. The joke became the latest point of contention in Cairo’s increasingly tense relations with Riyadh. The OIC …

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Saudi finance minister sacked by royal decree

Riyadh, Oct 31, 2016 (AFP) -Saudi Arabia on Monday sacked its veteran finance minister as the kingdom undergoes a major economic restructuring because of lower oil revenues. Ibrahim al-Assaf “has been removed from his position”, said a royal decree, one of a series of orders from King Salman, published by …

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Saudis stop attack on ‘World Cup’ qualifier – Officer killed in drive-by

RIYADH, Oct 30, (Agencies): Saudi authorities said Sunday they had foiled a plot to bomb a football stadium during a World Cup qualifying match and dismantled two “terrorist” cells linked to the Islamic State group. The interior ministry said in a statement that four suspects from each cell had been …

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Saudi Arabia: 2 security officers shot, killed in its east

RIYADH, Saudi Arabia (AP) — Saudi Arabia says two security officers have been shot and killed in the kingdom’s predominantly Shiite east. The Interior Ministry said on Tuesday that the two officers were shot dead in Dammam amid heavy fog. The ministry says it has launched an investigation into the …

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