Saudi Arabia’s SABIC Gets Green Light to Buy 24.99% stake in Clariant, Creates Joint Venture

Saudi Arabia's SABIC has received a green light to go ahead with its planned acquisition of 24.99% of Swiss chemical company Clariant, and is now proceeding with a new joint venture with the company, according to the Wall Street Journal.

Saudi Arabia

News, analysis, and more

Public Investment Fund

Saudi Arabia’s sovereign wealth fund set for busiest year yet as spending spree ramps up

Investments are part of plans — unveiled after collapse in crude prices in mid-2014 — to create world’s biggest sovereign fund with more than $2 ...


Oil Prices

Oil Near Week’s High as Supply Data Tempers Saudi View on Prices

Brent oil held near the highest level in a week as investors weighed a potential gain in U.S. crude stockpiles against Saudi Arabia’s comfort with ...


Saudi Workforce

Jobs-for-Saudis plan tests retailers used to cheap foreign labour

The first phase of the retail “Saudization” push went into effect this month, with car dealerships and sellers of clothing, furniture and household utensils now ...


Real Estate

Collaboration needed to ‘re-claim’ Saudi property’s self-build share

Almofadhi also outlined four key trends that he believes are shaping the consumer and residential real estate market in Saudi at the moment. ...


Imran Khan

Amid loan talk, Pakistani PM arrives in Saudi Arabia

Pakistani Prime Minister Imran Khan arrived on Tuesday in Saudi Arabia where, comments from his finance minister suggest, he will seek financial help to stave ...


Yemen Civil War

Saudi coalition probes Yemen airstrike following CNN report

The Saudi-led coalition fighting a war against Houthi rebels in Yemen said it will investigate an airstrike that killed two children last week after CNN ...


Saudi National Day

Saudi Arabia can rejoice on its 88th National Day

Saudi Arabia’s celebration of its 88th national day comes at a time when the kingdom is achieving remarkable progress across all economic and social fields, ...



Construction to begin on $4bn Saudi-Bahrain causeway in 2021

Construction on the billion-dollar King Hamad Causeway that will connect Bahrain to Saudi Arabia will start in 2021, according to media reports. Saudi Arabia’s ambassador to Bahrain, Abdullah ...



Saudi MBC launches studios to produce more premium content for Arab market

The Saudi-owned broadcaster MBC Group is to launch a new production unit — MBC Studios — in an effort to increase the production of high-quality ...



Key Indian airport to allow widebody flights from UAE, Saudi Arabia

Calicut airport in Kerala in India had banned widebody flights after a 2015 court inquiry into an Air India Express Boeing 737 that crashed in ...


Banking and Finance

Deutsche Bank appoints GM of Riyadh branch

Deutsche Bank has appointed Mohammed Alajmi as general manager of its branch in Riyadh, Saudi Arabia, it said in a statement. ...


Saudi Aramco

Saudi Arabian Firefighters Train in Virginia

"An international fellowship program in Manassas, brought eight firefighters from Saudi Aramco, a Saudi Arabian national oil company to northern Virginia to learn and grow ...


Saudi +

Regional and related topics


ISIS Sees Opportunity as Syria’s Rebellion Falls

Religious extremists will try to inherit the energy of the all-but-defeated rebellion, just as they did in Iraq after the surge. ...



Donald Trump’s Sanctions Cripple Iranian Oil Exports

Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President ...



Yemen central bank nearly doubles interest rate to halt riyal plunge

Yemen’s central bank, based in territory controlled by its exiled government, nearly doubled its interest rate on Wednesday in an effort to stabilize the riyal ...



Syria’s government and opposition welcome Idlib demilitarized zone deal struck by Turkey and Russia

The Turkey-Russia deal reached a day earlier was welcomed by the Syrian opposition and rebels, saying it improved their standing after consecutive defeats elsewhere in ...



BAE Systems finalises deal to sell Typhoon jets to Qatar

British defence contractor BAE Systems said that a 5 billion pound ($6.6 billion) contract to sell 24 Typhoon fighter jets to Qatar became effective on ...


Urban Warfare

Getting Beyond Door Kicking: Four Tasks for Urban Warriors

Ask any group of infantry soldiers what they train to prepare for urban operations and the answer will usually be: Battle Drill 6, “Enter and ...



Spotify set for UAE launch in November

Spotify will join the likes of Apple Music and local player Anghami when it becomes available later this year, with the Swedish company currently searching ...



Investcorp launches its first investment in China

The firm said its investment in China’s technology sector is in recognition of the country having the world’s highest number of internet users and being ...


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