Saudi Arabia announced the alliance in December 2015
Deposits fell earlier this year as the government placed less money with domestic banks
Public Investment Fund (PIF) has entered into a binding agreement with the private utility provider
The new entity will develop, promote, regulate and fund Saudi’s entertainment industry
The shutdown of the facility is expected to last six weeks
Officials confirmed that 73 Saudis are presently detained outside the country on charges related to terrorism
More than 11 million Syrians – around half of the population – have been displaced by the fighting
An Airbus A320 aircraft with business and economy seats will operate the route
The introduction of various taxes on expat visas will increase labour costs in the kingdom, says report
The kingdom is reportedly discussing plans to impose a tax of between 2 to 6 per cent on remittances
UAE telecom operator Etisalat owns 27.4 per cent of Mobily
Sultan bin Ayed Farhan Al-Sharari died of injuries on Saturday
In its first trip, the train will depart from Mecca to Madinah via Jeddah and King Abdullah Economic city in Rabigh
The report claimed Aramco planned to sell 49 per cent of its shares over the next 10 years
His funeral prayers will be held on Sunday
Mobily said its management agreement with Etisalat had expired on Friday
An investment fund will be established to provide the capital
The company is targeting 2018 for what is expected to be the world’s biggest IPO
The company, 37 per cent-owned by Kuwait’s Zain Group, has been exploring the sale of its towers since as early as January 2015
Riyadh said it would increase spending to SAR890bn
A merger of two state-owned firms will create a new bank for OFWs
Reports suggest the 2017 budget will include a fee for expats working in the kingdom
The government is expected to announce its budget deficit fell sharply this year to SAR297bn
The budget is expected to include fuel and electricity price increases
Many of the workers were dismissed shortly after being hired
The government aims to increase the number of women in the workforce by 2020
Yemeni expatriates will have their visitor ID cards valid for an additional six months
The umbrellas are designed to provide shade to worshippers and pilgrims
The new wind turbine will generate 2.75 megawatts of power at its peak
STC will acquire a 10 per cent stake in ride-hailing app Careem