Saudi Arabia

UPDATE 1-Saudi firm Mobily delays earnings to review financial statements

(Adds Mobily will not publish Q3 results on Thursday, details and context)

Saudi bank NCB set to defy global slowdown with $6 bln flotation

DUBAI, Oct 30 - Saudi Arabia is still expected to chalk up the region's biggest ever listing when National Commercial Bank's 22.5 billion riyal ($6 billion) offering closes on Sunday, bucking a broader market slowdown.

30 Oct 2014

Saudi Arabia finds six new MERS cases as outbreak grows

RIYADH - Saudi Arabia said late on Wednesday it had detected six new cases of the deadly Middle East Respiratory Syndrome (MERS) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

30 Oct 2014

Saudi Arabia finds six new MERS cases as outbreak grows

RIYADH - Saudi Arabia said late on Wednesday it had detected six new cases of the deadly Middle East Respiratory Syndrome (MERS) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

30 Oct 2014

Saudi Arabia finds six new MERS cases as outbreak grows

RIYADH, Oct 30 - Saudi Arabia said late on Wednesday it had detected six new cases of the deadly Middle East Respiratory Syndrome (MERS) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

30 Oct 2014

Barclays sued by Saudi developer for $10 billion

NEW YORK - A Saudi real estate company has sued Barclays for $10 billion, claiming the bank ceased pursuing lease payments due from the Saudi government on military complexes in the kingdom in order to obtain a lucrative banking license there.

30 Oct 2014

Masked men burn 2 Saudi Arabia consulate cars in Egypt - sources

CAIRO/ISMAILIA - Masked men set fire to two cars belonging to the consulate of Saudi Arabia in the Egyptian city of Suez on Friday morning, local security sources and the state news agency reported.

29 Oct 2014

Saudi budget carrier flynas suspends long-haul services

RIYADH, Oct 28 - Saudi Arabia's first and only budget airline, flynas, has suspended long-haul flights because profits on the routes did not meet expectations, chief executive Raja Azmi said on Tuesday.

28 Oct 2014

Saudi riyal market calms after jolt due to capital outflow

DUBAI, Oct 28 - The Saudi Arabian riyal spot and forward markets calmed on Tuesday after being jolted last week by unexpectedly large outflows of funds from the kingdom, traders said.

28 Oct 2014

Saudi Arabia jails three lawyers for tweets criticising judiciary

RIYADH - A Saudi Arabian court sent three lawyers to prison for terms of between five and eight years on Monday for criticising the country's judiciary and justice system in messages on Twitter, the Saudi Press Agency reported.

27 Oct 2014
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Iraqi Kurdish forces enter Syria to fight Islamic State

SURUC Turkey - A first group of Iraqi Kurdish peshmerga fighters entered the besieged Syrian town of Kobani on Thursday to help push back Islamic State militants who have defied U.S. air strikes and threatened to massacre its Kurdish defenders.