Saudi Arabia

Saudi Arabia to establish $8bn export bank

Saudi Arabia will establish an export bank with capital of $8 billion to support overseas sales by its industrial and mining projects, the country's energy, industry and mineral resources minister Khalid Al Falih said. …

Saudis intercept missile fired by Yemen Huthis

A missile fired by Huthi rebels in Yemen hit a military target in Saudi Arabia on Thursday night local time, the group's television station said, while Saudi media reported that the rocket was downed by the country's air defense forces …

OPEC agree on oil-cuts extension to end of 2018

OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be …

 Saudi-led coalition eased blockade in Yemen

The Saudi-led coalition fighting in Yemen has eased restrictions at the main airport and two key ports, allowing the resumption of some humanitarian aid to the conflict-wracked country after a three-week blockade, U.N. spokesman Stephane …

Saudi Arabia interested in Turkish UAVs

Saudi Arabia and Turkey are reportedly in talks for the domestic ANKA unmanned aerial vehicle (UAV), which was on display at the International Dubai Airshow Aviation Exhibition. Saudi Arabia wants to buy six unmanned aerial vehicles …

Detained Saudi princes offered freedom deals

Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom. The Saudi government is looking to appropriate as much as 70% of …