Saudi Arabia

ANALYSIS-Saudi Arabia accelerates reform push with market opening

* But government feels under pressure to transform economy

Saudi state investment fund to set up new companies

RIYADH, July 23 - Saudi Arabia's Public Investment Fund (PIF) aims to establish companies in areas including housing, petrochemicals and technology as it expands its investments locally and overseas, Finance Minister Ibrahim al-Assaf said.

23 Jul 2014

Saudi bourse opening may double fund flows to Gulf

* Other regional markets likely to benefit from halo effect

23 Jul 2014

Saudi's Savola says in talks to sell packaging business to Takween

DUBAI, July 23 - Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday.

23 Jul 2014

Saudi Arabia to open $530 billion bourse to foreigners in early 2015

RIYADH/DUBAI - Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.

22 Jul 2014

UPDATE 4-Saudi Arabia to open $530 bln bourse to foreigners in early 2015

* Regulator says to publish draft rules, hold 90-day consultation

22 Jul 2014

IMF raises Saudi economic growth forecast to 4.6 pct for 2014

DUBAI, July 21 - Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund said on Monday.

21 Jul 2014

Saudi Arabia investigates imams who did not condemn al Qaeda attack - paper

RIYADH - Saudi Arabia's Islamic Affairs Ministry is investigating 17 mosque imams in the capital Riyadh for not using their Friday sermons to denounce an al Qaeda attack this month, the English daily Arab News reported on Saturday.

19 Jul 2014

Saudi Arabia investigates imams who did not condemn al Qaeda attack - paper

RIYADH, July 19 - Saudi Arabia's Islamic Affairs Ministry is investigating 17 mosque imams in the capital Riyadh for not using their Friday sermons to denounce an al Qaeda attack this month, the English daily Arab News reported on Saturday.

19 Jul 2014

Confident Assad launches new term in stronger position

DAMASCUS - Bashar al-Assad was sworn in for a new term as Syria's president on Wednesday, after an election which his opponents dismiss as a sham but which he said proved he had achieved victory after a "dirty war" to unseat him.

World, Top News, Syria 16 Jul 2014
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Israel warns of long Gaza war as Palestinian fighters cross border

GAZA/JERUSALEM - A grim-faced Israeli Prime Minister Benjamin Netanyahu warned on Monday of a protracted war in Gaza, dashing any hopes of a swift end to the three-week conflict as Palestinian fighters launched an audacious cross-border raid.