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Mobily shares have been rising on hopes that the company will recover after the earnings debacle and receive some state support if necessary, as was the case with its smaller competitor Zain Saudi which had its tax payments deferred in 2013, helping it navigate a heavy debt repayment schedule. Saudi Arabia's government owns a 11.8 percent stake in Mobily and the firm's new chairman, Suliman bin Abdulrahman al-Gwaiz, is also governor of a huge state-owned fund, the General Organization for Social Insurance.
This is a truth that many in Congress simply refuse to accept, since like the prime minister they have repeatedly declared this would never be allowed to happen. Even the most recent iteration of the Kirk-Menendez sanctions legislation asserts that Iran must be “precluded from a nuclear breakout capability.” Wonderful as it would be to return to a past when that could be the case, in this world, that is now fantasy. As the U.S. intelligence community has consistently reported, including in February’s release of the 2015 Worldwide Threat Assessment: “Iran does not face any insurmountable technical barriers to producing a nuclear weapon, making Iran’s political will the central issue.”
U.S. Secretary of State John Kerry reassured the Saudis on Thursday that he was seeking no “grand bargain” with Iran, but Riyadh’s worries over Washington’s long-term commitment to the region underpin its desire for more Arab unity.
The message from Riyadh was obvious. If markets needed to be stabilized, every one, both OPEC and non-OPEC producers, needed to partake in any such adventure. And when non-OPEC crude producers declined to share the pain of cutting output, Saudi Arabia insisted on maintaining output so as not to cede their markets share to non-OPEC players. Still the decision not to cut output was not irrational. There was apparently a deep thinking process behind the decision not to cede markets share. Efficient producers should not give in to inefficient producers, Naimi insists.
According to Bofa-ML, the market capitalisation of Apple has now touched $752 billion as compared to Kingdom’s GDP of $748 billion. The 18 countries that remain bigger than Apple are the US, China, Japan, Germany, France, UK, Brazil, Italy, Russia, India, Canada, Australia, Spain, South Korea, Mexico, Indonesia, Netherlands and Turkey.
A series of photographs made available by the Saudi Press Agency detail the history of female education in Saudi Arabia.
A widely followed "whistle-blower" who tweeted about the Saudi royal family accused Twitter on Friday of succumbing to pressure by suspending his account.
Both physical and social infrastructure-related sectors continued to grow compared to 2013. However, it was the reduction in the size of mega-projects that caused the decline in 2014, NCB argued.
Hilton Worldwide features more than 59 hotels under development in the Middle East (including Egypt) across its Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Curio – A Collection by Hilton and Hilton Garden Inn brands.
War planes from Libya's internationally recognized government attacked the last functioning airport in Tripoli, the capital controlled by a rival administration, on Monday, officials said, the latest in a string of tit-for-tat strikes.
