The fund is designed to compensate lower earners for cuts to fuel, electricity and water subsidies
The planned listing next year of up to 5 per cent of Aramco is expected to be the world’s biggest IPO
The ministry has also set up a mechanism to reimburse contractors within 60 days
Women in the kingdom need their male guardian’s permission to obtain travel documents
Khalid Al-Falih said the projects would be awarded in September
The kingdom’s energy minister says Saudi may increase its oil investments in the US
The murabaha facility will refinance a significant part of Mobily’s current debt
Labour ministry offices are still unable to renew residence permits
Up to 45 per cent of surveyed firms in Saudi expect headcount reductions in 2017
A new directive will see firms punished if they fail to justify the sacking of 1 per cent of their Saudi workforce
VAT will be implemented across the GCC from early next year
STC said the purchase would be financed through “internal resources”
His funeral prayer will be performed on Monday in Riyadh
The first cart operated by a Saudi woman has been licensed in Jeddah
The leaders also reportedly discussed heightening economic cooperation
The talks follow an uproar in the Middle East over Trump’s policy to ban travellers from seven Muslim majority countries
The two men are among six others infected with the virus in the last week
Based on a figure of 265 billion barrels, Aramco’s fields contain about 15 per cent of the world’s proven reserves
Under law, foreign workers have the right to keep their passports and official documents
The 28-floor property is located within the Olaya financial area
MSCi said it could launch in June a review of whether to include Saudi in its emerging market index
The total value of the firm’s backlog of uncompleted work stood at SAR2.85bn as of end-2016
Experts argued companies should seek merger and other options rather than retrenching Saudi employees
The proposal included a 6 per cent tax on expat remittances
Saudi Arabia was found to have the second highest gross salaries in the MEA region
The labour ministry said it had been attacked and a chemicals firm reported a network disruption
The chairman of Aujan Group Holding, Sheikh Adel was part of the company for 48 years
Much of the decline was due to lower food prices, which fell 4.3 per cent from a year earlier
Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day
Irregularities were found in the issuance of eight contracts worth more than SAR80m