Posted at 16:35h
in
News
by KMFSLLP
Chariot service would let commuters book seats on fixed routes
...
Posted at 14:35h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - Saudi Arabia's stock index
rebounded to close higher on Sunday after initially falling
steeply in response to a crackdown on corruption that led to the
detention of dozens of prominent political and business figures.
Posted at 14:24h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - Saudi Arabian investment firm
Kingdom Holding said on Sunday it had the support of
the country's government after billionaire chairman Prince
Alwaleed bin Talal was detained overnight.
...
Posted at 14:17h
in
News
by KMFSLLP
* Some detainees held at Ritz-Carlton hotel -sources
(Adds market reaction, background on Alwaleed)
...
Posted at 13:42h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - A purge of Saudi Arabia's political
and business elites briefly dragged down the kingdom's stock
market on Sunday but prices recovered to close higher as some
investors bet the crackdown could bolster reforms in the long
run.
Posted at 10:13h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - The detention of Saudi Arabia's
Prince Alwaleed bin Talal, known for his big bets on Citigroup
and other top Western companies, could have an impact on
billions of dollars of investments around the world.
Posted at 09:46h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - Abu Dhabi National Oil Co (ADNOC),
the United Arab Emirates oil giant, is expected to sign by the
end of this week a $6 billion loan which has received
commitments from a group of 13 banks, sources close to the
situation said on Sunday.
Posted at 08:48h
in
News
by KMFSLLP
RIYADH, Nov 5 (Reuters) - Saudi authorities detained one of
the kingdom's most prominent businessmen and the head of the
National Guard in a sweeping anti-corruption inquiry that gives
Crown Prince Mohammed bin Salman more authority.
Posted at 07:47h
in
News
by KMFSLLP
RIYADH, Nov 5 (Reuters) - Saudi Arabia's Finance Ministry
said on Sunday that the kingdom's decision to set up an
anti-corruption committee and detain prominent figures enhanced
confidence in the rule of law, Al Arabiya television reported.
Posted at 07:42h
in
News
by KMFSLLP
DUBAI, Nov 5 (Reuters) - Saudi Arabia's stock market fell in
early trade on Sunday after Crown Prince Mohammed bin Salman
moved to consolidate his power and crack down on corruption with
a cabinet reshuffle and a string of detentions of prominent
figures.