Saudi Arabia News
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Updated 3 minutes ago
Arqaam Capital said it “strongly” reiterated its “buy” recommendation on Samba Financial Group and that the lender is it’s top Saudi Arabian bank pick.
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U.S. Secretary of State John Kerry heads to Jordan today for talks with Mideast and European allies to promote a negotiated end to the crisis in Syria, as government and rebel forces battle for control of the strategic city of Al-Qusair.
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Updated 54 minutes ago
Saudi Arabia’s Water and Electricity Ministry approved more than 5.9 billion riyals ($1.6 billion) in spending for water and sanitation projects in Jazan on the Red Sea coast, state-owned Saudi Press Agency reported.
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Saudi Arabia arrested 10 people, including eight Saudi nationals, it says were spying for Iran, the official Saudi Press Agency said, citing an unidentified Interior Ministry spokesman.
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Communities inhabited by Shiite Muslims and President Bashar al-Assad’s Alawite minority will be “wiped off the map” if the strategic city of Al-Qusair in central Syria falls to government troops, rebel forces said.
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Saudi Arabia approved $105 million of water and sanitation projects across the kingdom, London-based al-Hayat newspaper reported, citing Minister of Water and Electricity Abdullah Al-Hussayen.
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U.S. Secretary of State John Kerry will try during a weeklong Mideast tour to bring Syria’s warring parties to peace talks and to revive negotiations for a two- state agreement between Israel and the Palestinians.
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U.S. Secretary of State John Kerry arrives in Oman today where he will highlight the Persian Gulf nation’s intent to purchase a $2.1 billion air-defense system from American contractor Raytheon Co.
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Smashburger, a Denver-based burger chain, will expand to about 500 units in the U.S. in the next two to three years and may consider an initial public offering, Chairman and Chief Executive Officer Dave Prokupek said.
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Saudi Arabia’s wheat crop may decline 10 percent this year as the government moves to phase out domestic production, the United Nations Food & Agriculture Organization said.
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