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Saudi Arabia's City Of The Future Gets $5.6 Billion Investment
Saudi Arabia's Neom, an entirely new city being built on the Red Sea coast, has finalized a deal worth more than 21 billion riyals ($5.6 billion) with a group of local investors.
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Saudi Riyals Worth 54 Lakhs Hidden In Bag Caught At Delhi Airport
Customs officials have recovered 2,50,000 Saudi Riyals worth approximately Rs 54 lakh from a passenger at the Indira Gandhi International Airport in Delhi today. The Saudi Riyals were hidden in a "False layer of Bag and Sweet Box" kept inside the bag
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Afghan Man Detained With With 50,000 Saudi Riyals At Delhi Airport
Rohani Naqibullah was intercepted at the terminal-3 of the airport during the security checks.
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Saudi Aramco Shares Begin Trading After Raising $25.6 Billion In World's Biggest IPO
Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut.
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Saudi Aramco Raises $25.6 Billion In World's Biggest Initial Public Offering (IPO)
The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.
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To Repay Creditors, Saudi To Auction Billionaire's Assets In December
Saudi Arabia will start auctioning real estate assets of billionaire Maan al-Sanea and his company on December 2 to help repay billions of dollars due to creditors, sources familiar with the matter told news agency Reuters.
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He Was On Forbes '100 Richest' List. Now Saudi Will Auction His Assets
Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters.
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Saudi Arabia Criminalises Sexual Harassment
The kingdom's Shura Council, which advises the cabinet, passed a draft law on Monday which would introduce a prison term of up to five years and a maximum penalty of 300,000 riyals ($80,000). The law has been approved by the cabinet, the official Saudi Press Agency reported.
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Saudi Arabia Privatisation Programme Targets $10 Billion Non-Oil Revenues By 2020
Saudi Arabia aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the official Saudi Press Agency on Tuesday.
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Once Among 100 Richest People, Saudi Tycoon Sells His Way Out Of Debt
Thousands of people attended the first day of an auction of vehicles owned by indebted Saudi Arabian tycoon Maan al-Sanea and his company, a sale which officials say will go towards repaying about 18 billion riyals ($4.8 billion) owed to creditors
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Saudi Arabia's $32 Billion Bid to Build Private Mortgage Market
Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidized home loans for borrowers, as it seeks to create conditions for an expanded private-sector role in a mortgage market dominated by the government.
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Saudi Move To Ensure "Quality Of Living" Carries $13 Billion Price Tag
A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about 50 billion riyals ($13.3 billion) this year, the information minister was quoted as saying on Sunday
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Saudi Bond Success Partly Eases Fears Over Cheap Oil Era
The Saudi currency and stock market have come under heavy pressure this year as investors bet shrunken oil revenues might push the economy into recession and eventually force authorities to abandon the riyal's peg to the US dollar.
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Foreign Currencies Equivalent To Rs. 56 Lakh Seized In Kerala's Kochi
Air Intelligence Unit of the Customs in Kochi international airport has seized foreign currencies equivalent to Rs 56 lakh from a passenger, who tried to smuggle the currencies to Sharjah by an Air India Express Flight.
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Saudi Arabia Names Suspects in Mosque Bombings, Offers $1 Million Bounty
Saudi Arabia offered a cash reward of 5 million riyals ($1.3 million) for information leading to the arrest of sixteen people it said were involved in two deadly mosque bombings claimed by Islamic State, the Interior Ministry said on Wednesday.
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Saudi Arabia's City Of The Future Gets $5.6 Billion Investment
Saudi Arabia's Neom, an entirely new city being built on the Red Sea coast, has finalized a deal worth more than 21 billion riyals ($5.6 billion) with a group of local investors.
-
Saudi Riyals Worth 54 Lakhs Hidden In Bag Caught At Delhi Airport
Customs officials have recovered 2,50,000 Saudi Riyals worth approximately Rs 54 lakh from a passenger at the Indira Gandhi International Airport in Delhi today. The Saudi Riyals were hidden in a "False layer of Bag and Sweet Box" kept inside the bag
-
Afghan Man Detained With With 50,000 Saudi Riyals At Delhi Airport
Rohani Naqibullah was intercepted at the terminal-3 of the airport during the security checks.
-
Saudi Aramco Shares Begin Trading After Raising $25.6 Billion In World's Biggest IPO
Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut.
-
Saudi Aramco Raises $25.6 Billion In World's Biggest Initial Public Offering (IPO)
The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.
-
To Repay Creditors, Saudi To Auction Billionaire's Assets In December
Saudi Arabia will start auctioning real estate assets of billionaire Maan al-Sanea and his company on December 2 to help repay billions of dollars due to creditors, sources familiar with the matter told news agency Reuters.
-
He Was On Forbes '100 Richest' List. Now Saudi Will Auction His Assets
Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters.
-
Saudi Arabia Criminalises Sexual Harassment
The kingdom's Shura Council, which advises the cabinet, passed a draft law on Monday which would introduce a prison term of up to five years and a maximum penalty of 300,000 riyals ($80,000). The law has been approved by the cabinet, the official Saudi Press Agency reported.
-
Saudi Arabia Privatisation Programme Targets $10 Billion Non-Oil Revenues By 2020
Saudi Arabia aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the official Saudi Press Agency on Tuesday.
-
Once Among 100 Richest People, Saudi Tycoon Sells His Way Out Of Debt
Thousands of people attended the first day of an auction of vehicles owned by indebted Saudi Arabian tycoon Maan al-Sanea and his company, a sale which officials say will go towards repaying about 18 billion riyals ($4.8 billion) owed to creditors
-
Saudi Arabia's $32 Billion Bid to Build Private Mortgage Market
Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidized home loans for borrowers, as it seeks to create conditions for an expanded private-sector role in a mortgage market dominated by the government.
-
Saudi Move To Ensure "Quality Of Living" Carries $13 Billion Price Tag
A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about 50 billion riyals ($13.3 billion) this year, the information minister was quoted as saying on Sunday
-
Saudi Bond Success Partly Eases Fears Over Cheap Oil Era
The Saudi currency and stock market have come under heavy pressure this year as investors bet shrunken oil revenues might push the economy into recession and eventually force authorities to abandon the riyal's peg to the US dollar.
-
Foreign Currencies Equivalent To Rs. 56 Lakh Seized In Kerala's Kochi
Air Intelligence Unit of the Customs in Kochi international airport has seized foreign currencies equivalent to Rs 56 lakh from a passenger, who tried to smuggle the currencies to Sharjah by an Air India Express Flight.
-
Saudi Arabia Names Suspects in Mosque Bombings, Offers $1 Million Bounty
Saudi Arabia offered a cash reward of 5 million riyals ($1.3 million) for information leading to the arrest of sixteen people it said were involved in two deadly mosque bombings claimed by Islamic State, the Interior Ministry said on Wednesday.
