Around a third of Saudi Arabia’s 30 million inhabitants are foreigners
The kingdom is maintaining production capacity at 12.5 million barrels per day
Producers will lower output by nearly 1.8 million barrels per day under the deal
The venture, known as SADAF, operates six petrochemical plants in Saudi
The increase in oil prices is expected to help the country narrow its budget deficit this year
The whole complex at Rabigh was closed as a precautionary measure after a technical failure
The new currency to mark the era of King Salman was first made available at the end of December
Saudi security forces surrounded their house and exchanged fire with the men, who blew themselves up
SABIC is keen to invest abroad to diversify its risks and improve its access to foreign markets
Under new rules announced last year, all SIM cards issued in Saudi must be linked to a fingerprint record
The company attributed the profit jump to a lower average cost of sales
The proposal would also limit the amount of cash expats could carry out of the kingdom
The IMF slashed its prediction for Saudi’s economic growth in 2017 to 0.4 per cent
Amin H. Nasser also warned that $25 trillion of investment was needed to meet demand over the next 25 years
Applications from 77 other firms are being reviewed
The total value of project awards for 2017 is forecast at $27bn, which could rise to $32bn
Contractors in Saudi Arabia have had to deal with delays to projects and late payment
Saudi Foreign Minister Adel al-Jubeir said that Saudi’s interests were aligned with those of the US
Around 1,300 King Fahd Quran Printing Complex staff were terminated in September
Cuts in public spending last year hurt many Saudis’ purchasing power
The 80 A320neo order is valued at $8.6bn
Riyadh will start the first round of bidding for projects in the next few weeks
Producers will reassess the situation and extend the agreement if necessary
The resignations coincided with the introduction of new reforms last year that introduced mandatory assessment for employees
The distribution of units will begin next month and will be completed within three years
Round-the-clock entertainment could open the door to “atheistic or rotten” foreign films and encourage the mixing of the sexes
Under the current system, foreign workers will have to pay a new fee for each dependent upfront
Hussain Saeed Alnahdi, 24, was assaulted in the early morning hours of Oct. 30
Saudi’s social contract places demands on the kingdom’s infrastructure and impacts its job market
Saudi plans to sell up to 5 per cent of the company in what could be the world’s largest IPO