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Oil prices climb as Iran sanctions loom

15 days ago
SINGAPORE: Oil prices rose on Tuesday amid looming US sanctions against Iran’s petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption. U.S. West Texas Intermediate (WTI)…

Saudi royal says jewels stolen at Paris hotel

15 days ago
PARIS: A member of the Saudi royal family has reported the theft of hundreds of thousands of euros' worth of jewellery from her hotel room at the Ritz hotel in Paris, police sources said Monday. The person, who was not identified by…

US pilot killed in Saudi helicopter crash

20 days ago
RIYADH: A US pilot working with Saudi Arabia's national guard was killed and his student injured when their helicopter crashed in Riyadh Thursday, the Saudi national guard said. The Saudi national guard named the pilot as Paul Reedy and…

Saudi wealth fund bets big to remake oil-based economy

21 days ago
RIYADH: With the stock market listing of its national oil company stalled, Saudi Arabia is scrambling to boost the coffers of the sovereign wealth fund spearheading a risky plan to diversify its economy. The Public Investment Fund had…

Saudi Arabia declares online satire punishable offence

22 days ago
RIYADH: Saudi Arabia will punish online satire that "disrupts public order" with up to five years in prison, the public prosecutor said Tuesday, as the kingdom cracks down on dissent. "Producing and distributing content that ridicules,…

Spain cancels sale of 400 laser-guided bombs to Saudi Arabia

22 days ago
MADRID: Spain said Tuesday it has cancelled a 2015 deal to sell 400 laser-guided bombs to Saudi Arabia, which is leading a coalition fighting Huthi militants in Yemen. A defence ministry spokesman confirmed a Cadena Ser radio report that…

Saudi women entrepreneurs grow their ventures at US incubator

28 days ago
WASHINGTON: Reem Dad, a 22-year-old from Saudi Arabia, is developing a platform for pilgrims and tourists to experience a virtual reality tour of Madina Munawwara, one of Islam's holiest sites. Heba Zahid, 37, is working on GreenDesert,…