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
One worker was taken to hospital following the incident
Aramco’s IPO is expected to be launched in 2019
Construction will begin in the autumn
SABIC, the world’s number-four chemical firm, is 70 per cent owned by the Saudi wealth fund PIF
Another missile attack was reported yesterday
The two countries are reportedly preparing to resume oil production in the neutral zone on their borders
No personnel were injured and there will be no impact on operations, the company said
This is the second missile attack faced by Saudi so far this week