| 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.
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| Royal Family News |
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| Saudi Business News |
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Al Rajhi Capital assigns marketing of its investment funds to Derayah Financial
Saudi Arabia: Al Rajhi Capital, the investment arm of Al Rajhi Bank, has signed a distribution agreement with Derayah Financial. According to this agreement, Derayah will make Al Rajhi Capital's Shariah-compliant mutual funds available to individual investors through its website www.derayah.com. |
Saudi tourism law 'in final stages'
Saudi Arabia: Prince Sultan bin Salman, chairman of the Saudi Commission for Tourism and Antiquities (SCTA) has said that the kingdom's new tourism law is in its final stage and could be passed this year, Arab News has reported. "It is now being discussed at the Shoura Council," he said. |
Aramco unit begins low-sulphur diesel production
Saudi Arabia: The Sasref refinery, a joint-venture between Saudi Aramco and Royal Dutch Shell, has started commercial production at an ultra-low sulphur diesel unit, targeting European markets, Reuters has reported. The unit at the 305,000 barrels per day refinery in Jubail, started production of around 100,000 bpd of clean diesel, making it among the first Saudi producers with sulphur at less than 10 parts-per-million, the company said. The crude refinery can export as much as 60,000 tonnes of oil products per day, mainly fuel oil, naphtha, gas oil and jet. | More |
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| Islamic Community News |
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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 |
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