Saudi Arabia

Saudi finance ministry to close annual accounts early in austerity step
Business

Saudi finance ministry to close annual accounts early in austerity step

Saudi Arabia's finance ministry will close its accounts for this year's budget on Nov. 15, the ministry said on Sunday…
Fuel aid halt suggests deeper Saudi-Egyptian rift
Egypt

Fuel aid halt suggests deeper Saudi-Egyptian rift

A halt to shipments of Saudi fuel to Egypt under a $23 billion aid deal shows that a rift between…
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
Business

Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund

Saudi Arabia and Japan's SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100…
Agreement with Aramco ongoing, delay of shipments normal: minister
Business

Agreement with Aramco ongoing, delay of shipments normal: minister

Petroleum Ministry Spokesperson Hamdy Abdel Aziz has responded to rumours that Saudi Aramco is planning to halt supplies of petroleum…
Without Saudi oil aid, Egypt rushes out big buy tenders
Egypt

Without Saudi oil aid, Egypt rushes out big buy tenders

Egypt has not received October allocations of petroleum aid from Saudi Arabia, traders told Reuters, forcing its state oil buyer…
Supreme Court hearing on Red Sea islands case begins October 8
Egypt

Supreme Court hearing on Red Sea islands case begins October 8

The State Council Administrative Court has set a date of October 8 to hear the government's appeal against an earlier…
Euro hits two-month low vs Swiss franc on Deutsche Bank jitters
Business

Euro hits two-month low vs Swiss franc on Deutsche Bank jitters

The euro dropped to a two-month low against the safe-haven Swiss franc and lost ground broadly on Friday, as concerns…
Saudi warns of ‘disastrous consequences’ over US 9/11 law
World

Saudi warns of ‘disastrous consequences’ over US 9/11 law

Saudi Arabia on Thursday warned of "disastrous consequences" from a United States law allowing 9/11 victims to sue the kingdom,…
Congress rejects Obama veto, Saudi September 11 bill becomes law
World

Congress rejects Obama veto, Saudi September 11 bill becomes law

Congress on Wednesday overwhelmingly rejected President Barack Obama's veto of legislation allowing relatives of the victims of the Sept. 11…
Cairo court suspends annulment of Tiran and Sanafir islands ruling
Egypt

Cairo court suspends annulment of Tiran and Sanafir islands ruling

The Cairo Court of Urgent Matters decided on Thursday to suspend the administrative judiciary's ruling on the invalidity of the…
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