Aramco intends to issue its first U.S. dollar-denominated bonds, expected to be for at least $10bn, in the second quarter
Fourth-quarter gross domestic product grew by 3.59 per cent from a year earlier
Saudi Arabia has borrowed extensively over the past few years to refill state coffers depleted by a drop in oil prices
Uber acquired Careem this week in a $3.1bn deal
Saudi Aramco has agreed to buy a 70 per cent stake in SABIC for $69.1bn
The bond will help the world’s largest oil producer fund the $69.1bn purchase of a stake in SABIC
The financial assistance is part of the Saudi Human Resourced Development Fund’s Wusul programme
The vision also includes plans for art prizes, scholarship programmes and a culture fund to support artists
Aramco will buy a 70 per cent stake in SABIC, in what is one of the biggest deals in the global chemical industry
The kingdom has previously stated it aims to build at least two nuclear power plants
The kingdom’s largest travel company seeks to capitalise on a rapidly growing tourism market, and invest heavily in technology
The kingdom sold $1.62bn in local currency debt, with maturities of 10 and 15 years
CEO Amin Nasser said the oil giant is building “an energy bridge” between Saudi Arabia and China
Supplies from Saudi Arabia to China reached 5.95 million tonnes, or about 1.552 million bpd, data from Chinese customs showed
The internship programme will give young Saudis the opportunity to work at the Qiddiya project, which is expected to be the world’s largest entertainment city by 2030
The move defies US President Donald Trump’s demands for OPEC to help reduce prices
The raids in Sanaa are part of an operation to destroy the Houthis’ drone capabilities
The verdict said the compensation was for the “psychological and financial harm” the passenger had sustained
The development of the Al Ula site is part of the kingdom’s broader tourism plans as it diversifies its economy away from oil
Driving schools for women are opening up across the kingdom
Four projects have been unveiled, expecting to create 70,000 jobs for Saudis
The impact of implementation of a value-added tax last year eased this year
The man was found starving and dehydrated by Saudi border guards in September last year
Three of the Bin Laden family were arrested in last year’s corruption purge, and have now relinquished their 36.22 per cent stake in the family business to a subsidiary of the finance ministry
Saudi shares have gained 9.6 per cent so far this year
Saudi shares on Monday joined the FTSE Emerging All Cap Index with a weighting of 2.9 per cent
“We are not under pressure except by the market,” said Saudi energy minister Al Falih
The project includes the construction, ownership, and operation of a 500 MW independent power project
The majority of them – over 40 per cent – are working in the education sector
PIF, which is chaired by Crown Prince Mohammed bin Salman, manages over $250bn in assets