Saudi Arabia

Saudi Arabian king leaves France after holiday controversy

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NICE/DUBAI - Saudi Arabian King Salman left the south of France for Morocco on Sunday, cutting short a planned three-week stay after a petition from some 150,000 residents over the closure of a public beach outside his villa.

MIDEAST STOCKS-Saudi Arabia falls on weak oil; Egypt up 02 Aug 2015

DUBAI, Aug 2 - Saudi Arabia's stock market fell in early trade on Sunday after oil prices dropped, while Egypt's bourse was rose slightly after encouraging news on the country's investment projects.

Saudi regulator says Mobily's shares to resume trading on Aug 3 02 Aug 2015

DUBAI, Aug 2 - Shares in Saudi Arabia's Etihad Etisalat (Mobily) will resume trading on Riyadh's bourse on Monday after the troubled telecom operator posted its financial results, the stock market regulator said in a statement.

UPDATE 1-Saudi Mobily swings to Q2 net loss due to Zain dispute 02 Aug 2015

* Q2 net loss 900.9 mln riyals vs profit of 92.5 mln a yr ago

Saudi's Kingdom Holding Q2 profit rises 13 pct 02 Aug 2015

DUBAI, Aug 2 - Saudi Arabia's Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 percent rise in second-quarter net profit on Sunday as its income increased and costs fell.

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Oil drops for 5th week; US crude in biggest monthly fall since 2008 31 Jul 2015

NEW YORK - U.S. crude posted its biggest monthly drop since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.

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Oil drops for fifth week; U.S. crude in biggest monthly fall since 2008 31 Jul 2015

NEW YORK - U.S. crude posted its biggest monthly drop since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.

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OPEC oil output hits new high in market share push - survey 31 Jul 2015

LONDON - OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices.

REFILE-UPDATE 1-Saudi's Mobily restates profits over last 27 months, cutting $470 mln 30 Jul 2015

DUBAI, July 30 - Saudi Arabia's Etihad Etisalat (Mobily) restated results for the last 27 months on Thursday, slashing total profits over the period by nearly 1.76 billion riyals ($470 million) in its latest attempt to resolve an accounting scandal.

MIDEAST STOCKS-Saudi flat, Egypt rises as New Suez Canal complete 30 Jul 2015

DUBAI, July 30 - Saudi Arabia's stock index moved little on Thursday while Egypt's bourse edged up after the country completed the expansion of the Suez Canal, a key source of revenue.

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Rouhani says nuclear deal a 'third way' for Iranian foreign policy

DUBAI/BEIRUT - President Hassan Rouhani affirmed his confidence in Iran's nuclear deal with world powers on Sunday, tackling the criticisms of hardliners and highlighting the achievements of his two-year-old presidency.