Saudi King Salman, 84, admitted to hospital

RIYADH (Reuters) – Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the gall bladder, state news agency SPA said on Monday. The king, who has ruled the world’s largest oil exporter and close U.S. ally since 2015, was undergoing medical checks, the […]

Yemen's Houthis say Saudi oil facility hit in overnight attack

Saudi-led coalition says it intercepted and destroyed four missiles and six explosive drones fired towards kingdom. Yemen’s Houthi rebels say they have attacked a large oil facility in an industrial complex south of the Saudi Arabian city of Jizan as part of an overnight operation. The Saudi-led military coalition fighting the Houthis said on Monday […]

IMF economic forecasts more pessimistic than Saudi Arabia's – governor

DUBAI, June 30 (Reuters) – Saudi Arabia’s central bank governor said the International Monetary Fund’s economic contraction forecast for Saudi Arabia was “more pessimistic” than Saudi Arabia’s own forecasts. The IMF has estimated the Saudi economy will contract by 6.8% this year. Saudi Arabia’s non-oil economy is expected to bounce back quickly as coronavirus restrictions […]

Saudi, U.S. officials call for extending UN arms embargo on Iran

RIYADH (Reuters) – Saudi and U.S. officials on Monday urged the international community to extend a U.N. arms embargo on Iran, saying that letting the ban expire would allow Tehran to further arm its proxies and destabilise the region. The 13-year-old arms curbs on Iran are due to expire in October under the terms of […]

Saudi Arabia raises 8.495 bln riyals in Islamic bonds- finance ministry

CAIRO, June 28 (Reuters) – Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June, the finance ministry said on Sunday. The first tranche of the sukuk issue is 2.494 billion riyals, and the total tranche size is 5.017 billion riyals, maturing in 2027, a ministry statement said. The […]