Saudi Arabia

Saudi minister: Al-Qaeda changing style, we are expecting the worst

Riyadh  - Saudi Arabia is expecting the worst from the al- Qaeda terror network because the group is changing its style and techniques but the kingdom is uncovering more details about its sources o

Saudis promise to raise output welcomed by some OPEC members

Nicosia, June 18: The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) in an effort to bring down price

Report: Saudis to invest 80 billion dollars to raise oil output

Riyadh - Saudi Arabia is planning to invest 80 billion dollars to increase its oil output to 12.5 million barrels per day and boost its refining capacity by 43 per cent in the next few years, accor

New York Times: Saudi Arabia to increase oil production

New York  - Saudi Arabia is planning to make a five per cent increase in crude oil production next month, according to a report by the New York Times Saturday.

Saudi King launches port project; aims to be one of world's biggest

Saudi King launches port project; aims to be one of world's biggestRiyadh  - Saudi King Abdullah bin Abdul-Aziz launched Wednesday a number of investment projects with total value of 130 billion Saudi Rials (34.5 billion dollars), including the building of one of the largest ports in the world.

The port is to be built in King Abdullah Economic City in Rabigh, the multi-billion dollar project launched in 2005. The project, spread over 168 million square meters, aims to create more than 1 million jobs by 2020 in a city that will be home to two million people.

Oil meeting scheduled for June 22 in Saudi Arabia

Oil meeting scheduled for June 22 in Saudi ArabiaRiyadh (dpa) -

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