Saudi Arabia

UPDATE 2-MIDEAST STOCKS-Almarai, Ma'aden lift Saudi; Egypt slips

DUBAI, May 26 - Saudi Arabia's stock market rose in early trade on Tuesday, supported by industrial blue chips, while Egypt's bourse slipped as index compiler MSCI prepared to reduce the country's weighting in its emerging markets index.

UPDATE 1-Saudi's Almarai approves $5.6 bln capex plan for 2016-20 8:31am BST

DUBAI, May 26 - The board of Saudi Arabia's Almarai has approved a capital investment plan which will reach 21 billion riyals ($5.6 billion) in the next five years, it said on Tuesday.

Saudi regulator to raise IPO allocations to institutional investors 7:42am BST

DUBAI, May 26 - Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public offers as it aimed to reduce volatility in the market.

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Tens of thousands turn up for funeral of Saudi suicide attack victims 1:49am BST

QATIF, Saudi Arabia - Tens of thousands of people turned out at a mass funeral in eastern Saudi Arabia for 21 Shi'ite Muslims killed last week in a suicide bombing claimed by Islamic State, a Reuters witness said. | Video

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Tens of thousands turn up for funeral of Saudi suicide attack victims 25 May 2015

QATIF, Saudi Arabia - Tens of thousands of people turned out at a mass funeral in eastern Saudi Arabia for 21 Shi'ite Muslims killed last week in a suicide bombing claimed by Islamic State, a Reuters witness said. | Video

UPDATE 2-MIDEAST STOCKS-Saudi Arabia edges up on Ma'aden; Egypt slips 25 May 2015

DUBAI, May 25 - Saudi Arabian Mining Co (Ma'aden) lifted the kingdom's bourse in early trade on Monday, while Egypt's market slipped after a rally but stayed well above a technical support level.

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Saudi king says heartbroken by mosque attack, promises punishment 24 May 2015

DUBAI - Saudi Arabia's King Salman said on Sunday he was heartbroken over a suicide bombing that killed 21 people at a Shi'ite mosque in the kingdom, state news agency SPA reported, a conciliatory statement as sectarian strife intensifies in the region.

UPDATE 2-MIDEAST STOCKS-Saudi slips after oil price drop, bomb attack; Egypt up 24 May 2015

DUBAI, May 24 - Saudi Arabia's stock market fell in early trade on Sunday after oil prices fell and Islamic State militants carried out their first attack in the kingdom, while Egypt's bourse extended gains after rising above key technical resistance.

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Saudi clerics urge calm as village hit by Islamic State seethes 24 May 2015

DUBAI - Saudi Arabia's top Sunni cleric on Saturday branded a deadly attack on Shi'ite Muslims a bid to sow chaos, after villagers targeted in the bombing vented their anger at what they saw as the Sunni-dominated government's indifference to their safety.

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Suicide bomber kills 21 at Saudi Shi'ite mosque, Islamic State claims attack 24 May 2015

(This May 22 story has been refiled to fix syntax in second paragraph) | Video

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Iraqi Shi'ite militia claim leadership of campaign against Islamic State

BAGHDAD - Iraq's Shi'ite militia announced on Tuesday they had taken charge of the campaign to drive Islamic State from the western province of Anbar, giving the operation an openly sectarian codename that could infuriate its Sunni population.