Tag: Saudi Arabia

GCC chief calls for prompt Syria action

GCC chief calls for prompt Syria action

The six-nation Gulf Cooperation Council (GCC) urged the international community on Saturday to intervene immediately to “rescue” the Syrian people. The appeal came as Arab foreign ministers flew off to Paris to hold talks Sunday with their Western counterparts on key regional issues.

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Arab ministers to discuss syria

Foreign ministers of the six- nation Gulf Cooperation Council (GCC) will hold consultations with their counterparts from Arab League countries on Syria within the framework of an Arab League ministerial meeting in Cairo on Sunday. The Arab League foreign ministers were due to meet on Sept.3, but moved up the meeting in light of advancing plans for a possible US-led strike on Syria.

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Expats rise as rupee falls: Indians taking loans to send money home

Some Indian expats have started taking personal loans from banks and approached their respective companies for borrowings in a bid to take advantage of a record fall in the value of the Indian rupee against the Saudi riyal. “The Indian rupee touched an all-time low of 16.38 against Saudi riyal and 63.13 against the US dollar on Monday,” said Farid Khan, a local banker.

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SR26bn phosphate plant to shore up KSA exports

SR26bn phosphate plant to shore up KSA exports

The Saudi Arabian Mining Company (Maaden) on Monday announced the signing of a shareholders agreement to jointly develop an SR26 billion fully integrated phosphate production facility in Saudi Arabia with partners — The Mosaic Company and the Saudi Basic Industries Corporation (SABIC).

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