Shares in the French music streaming service will be bought through Kingdom Holding and Rotana Group
The three-day event being held in Jeddah has welcomed 2,950 participants
June saw remittances dip significantly month-on-month but rise compared to the same period last year
Iranian supreme leader Ayatollah Khamenei criticised Saudi’s handling of the pilgrimage last month
The announcement follows the disqualification of 12 camels from a beauty contest earlier this year
The decision was approved in a cabinet meeting chaired by King Salman
PIF has been charged with helping to deliver Saudi’s Vision 2030 reform plan
The 12 Saudi companies have a combined market capitalisation of SAR859bn
The funding comes under a local lending programme to enhance basic services offered to citizens
Yemen’s Houthis have fired dozens of missiles at Saudi cities since 2015
Eight of the top 12 Saudi banks reported lower deposits in their second-quarter earnings
The government had asked local construction companies to build five palaces in the city, sources said
The new requirement will come into force from later this year
Another blaze was reported at a hotel in the holy city in May
Makkah enforces strict entry rules to prevent over crowding during the Hajj season
The kingdom is reportedly planning to use a huge solar plant to supply Iraq
“The US mistake was they thought one country could pressure the rest to give in,” a senior Arab diplomat said
Saudi oil giant Aramco has said that its is mulling plans to buy a stake in SABIC
Saleh Al-Turki replaces Hani Mohammed Abu Ras, who stepped down from the role in May
The kingdom is cracking down on foreigners conducting business using the name of citizens
Shahzad Nim Khan was executed on Thursday for smuggling heroin inside his intestines
The kingdom said Houthis had attacked two Saudi Very Large Crude Carriers in the Red Sea on Wednesday morning
The move came in response to reforms of Riyadh’s market structure supporting foreign investment
Kelvin Kwok will replace Ziad El Chaar, who resigned from his post due to personal reasons
The centre aims to provide a global reference point for halal products
The lender benefitted from increased fees, commission and investments
Aramco plans to buy a controlling stake in petrochemical maker SABIC
Aramco’s plan is to buy the 70 per cent stake owned by the Public Investment Fund in SABIC
Entry will remain restricted for the duration of the Hajj season
The virus was detected in ducks at the Azizia market in Riyadh