Aramco already owns Motiva, the biggest U.S. oil refinery
The approved master plan will see 22 islands developed offering over 10,000 hotel rooms
The bank, which is in merger talks with Riyad Bank, made a net profit of SAR2.65bn in Q4
The kingdom’s finance ministry issued SAR5.37bn ($1.43bn) in domestic sukuk
Abdulhakim bin Mohammed bin Suleiman Al-Tamimi was appointed to the post in June 2017
The kingdom’s finance ministry says it remains committed to making payments on time
Arabian Centres Company has applied for an IPO with the Capital Market Authority
The shops were leased by Saudi nationals and illegally run by expatriates on a profit sharing basis, according to reports
The festival will run for a month at Jeddah’s waterfront with pavilions from roughly 50 countries
From January 1, 2019 those with revenues of between SAR375,000 and SAR1m will also be subject to the tax
The man reportedly duped people by telling them that he would double their money using sorcery
The seven new measures cover integration in the fields of financial markets, tourism, aviation, entrepreneurship, customs and security
The kingdom already supplies 40 per cent of the crude oil consumed in South Africa
The kingdom has spent over $60m to rebuild al-Musawara and another $230m to compensate residents for hundreds of razed homes
Amiral is a petrochemical project that Aramco plans to develop with France’s Total
Saudi uses the death penalty for several offences including murder, drug-related crimes and terrorism
Saudi’s biggest lender is holding merger talks with smaller rival Riyad Bank
The bank attributed its increase in profit to a rise in net special commission income
The work on the first phase of NEOM Bay, an urban project, will be completed in 2020
The government will offer support for Saudi employees earning between SAR4,000 and SAR10,000 per month
The kingdom is also investing heavily in its renewable energy sector
During meetings lasting 80 minutes total, Pompeo said he had raised human rights issues and discussed Yemen
The UAE re-opened its embassy in Damascus last month
Drones need to be registered for commercial as well as personal usage
A merger between the banks would create a combined bank holding $183bn in assets
The US official is cutting short the rest of his Middle East trip to attend a family funeral
Last year SoftBank announced plans to create the world’s biggest solar power project in Saudi Arabia
The luxury hotel is located at the Business Gate community
The Saudi Arabian General Investment Authority also reported a 100 per cent increase in the number of investment expansion requests
The kingdom hopes to generate 40 GW from solar energy, and 20 GW from wind and other sources