| Feature Article |
By Senior Analyst Talal Kapoor
With a little-noticed marriage ceremony last month, an important alliance took shape between the families of the king and crown prince, representing a tacit acknowledgement of the growing power of Sultan and his sons.
|
 |
| Royal Family News |
|
Saudi Arabia Seeks To Stabilize Oil Markets: Prince Abd al-Aziz bin Salman
Saudi Arabia's Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs Prince Abd al-Aziz bin Salman bin Abd al-Aziz has said that the Kingdom is seeking to stabilize the global oil market |
Prince al-Walid bin Talal to Buy Unique Holy Quran Copy for $ 1 mln Owned by Yemen Family
According to media sources, a Yemeni family will sell a unique Holy Quran copy for $ 1 mln to Prince al-Walid bin Talal bin Abd al-Aziz. The Prince Representative will arrive in Yemen by the mid of this month in order to complete the buying negotiations with the Yemeni family. |
Moderate Oil Policy To Continue, Asserts King
King Abdallah bin Abd al-Aziz, Custodian of the Two Holy Mosques, launched Sunday the second year of the Shoura Council's fifth session with his annual address in which he spoke on a range of domestic and international issues, from terrorism and conflict on the southern border, to education, the global financial crisis, and relations with the Arab and Islamic world and the global community. | More |
|
| Saudi Business News |
|
Saudi British Bank's rating cut at Nomura
Saudi Arabia: Saudi British Bank (Sabb), which is 40%-owned by HSBC Holding, was downgraded to "reduce' from 'neutral' and had its 12-month price estimate cut to 51 riyals at Nomura International, Bloomberg has reported. 'The bank's risk-reward profile is skewed to the downside,' Nomura analysts said in a report. 'The bank is likely to be focusing on cleaning its loan book rather than expanding its balance sheet in 2010.' |
Fitch affirms Bank Aljazira and Aljazira Capital at 'A-'/'F2'; outlooks stable
Saudi Arabia: Fitch Ratings has today affirmed Saudi Arabia-based Bank Aljazira's (BAJ) Long-term Issuer Default Rating (IDR) at 'A-' with a stable outlook, whilst affirming the bank's Short-term IDR at 'F2', Individual Rating at 'C/D', Support Rating at '1' and Support Rating Floor at 'A-'. At the same time, Fitch has affirmed Aljazira Capital's (AJC) Long-term IDR at 'A-' with a Stable Outlook, its Short-term IDR at 'F2' and Support Rating at '1'. |
New mall to be built in Makkah
Saudi Arabia: Saudi-based Aqari Investment Holding plans to build a shopping mall in the Al-Rusaifah district of Makkah, Arab News has reported. The four-storey mall will have two floors dedicated for retail outlets, a floor for a food court, in addition to an exclusive floor for children with rides and games, the company said. | More |
|
| Islamic Community News |
|
Misfar marriage is unlawful, says Grand Mufti
Sheikh Abdul Aziz Bin Abdullah Aal Al-Sheikh, Grand Mufti of the Kingdom, has warned against 'misfar' marriage saying it is no different to 'mut'a'Â marriage conducted in order to 'fulfill desires unlawfully'
The Grand Mufti said that traveling abroad to 'marry with the intention of divorcing upon return'Â is haram |
Saudi judges study UK courts
Prince Bandar Bin Salman Al-Saud, Adviser to the King and Chairman of the Saudi Arbitration Team, and a group of three Saudi judges are conducting a tour of the work of the United Kingdom’s Supreme Court in London.
The delegation has been given insight into the court’s work and its various departments by President of the Supreme Court Lord Nicholas |
Saudi Arabia- Revenue from Umrah likely to reach SR12b
Umrah service providers in the Kingdom expect a substantial increase in the number of foreign pilgrims who will come for Umrah this year. The Haj Ministry has already issued more than 150,000 visas since the beginning of this year's Umrah season. Moreover, hotels and furnished apartments in Makkah are witnessing 100 percent occupancy. According to one source, revenue from Umrah traffic are expected to reach SR12 billion by the end of the year. The peak season for the noncompulsory pilgrimage is Ramadan. The increase in occupancy was not limited to five-star or three-star hotels but covered furnished apartments in Makkah's central region. A business analyst said the services being offered by Umrah companies have played a big role in attracting a large number of pilgrims this year. This will help them offset the losses they suffered last year as result of the global recession and the impact of swine flu. | More |
|
|
| Information |
Saudi Royal Family Directory
A comprehensive resource on the Saudi Royal Family
- 5000+ Royal family members!
- Photos!
- Biographies!
- Family Tree Information
|
|
| Sponsored Links |
|
|
|
