Bloomberg's Matthew Martin reports that veteran banker John Sfakianakis has been hired by UK-based Ashmore Group PLC to head expansion into the Kingdom ahead of Saudi Arabia's market opening.
The United States military lauded what it called "a great deal of professionalism and pride" brought by Arab states to the fight against IS as American trainers arrive in Saudi Arabia to assist in developing moderate Syrian rebel groups.
In an interview on the BBC News Hour, Saudi journalist Jamal Khashoggi addressed the latest developments in the joint U.S.-Arab military action against Islamic State positions in Iraq and Syria.
A Saudi Prince and a female fighter pilot from the United Arab Emirates took part in this week's airstrikes on the Islamic State in Syria, according to reports and photos emerging on the social networking site Twitter.
A recently released detailed report on the economy of Saudi Arabia by the IMF finds the Kingdom’s current economic situation is on solid footing with near-term growth expected to continue, but warns of a looming fiscal deficit in 2015.
Reuters reports that state security requirements and a lack of co-operation from Saudi Arabia’s existing telecom operators have delayed the launch of two new mobile companies until later this year, citing their chief executives.
Saudi Arabia's National Commercial Bank is set to issue an IPO in October that might raise as much as $4.3 billion, which would be the second largest of 2014 behind China's Alibaba Group Holding Ltd., Bloomberg's Matthew Martin reports.
