The kingdom is turning to international debt markets to help plug a budget shortfall
Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent
The kingdom’s non-oil GDP growth stood at from 3.4 per cent in 2015
Saudi said it had already made some adjustments to assets denominated in sterling and euros
The government will now have to decide whether to allow gunmaker Heckler & Koch to export parts to Saudi
The company was previously linked with an attraction in Dubai
A 2.5 per cent tax on unused land was approved earlier this month
The projects will cover healthcare, education, culture and electricity and water
A recent UN report blamed the Saudi-led coalition in Yemen for 60 per cent of child deaths and injuries in the conflict
The company is barred from offering auditing services to CMA-authorised companies in Saudi for two years
Announcement follows the company’s acqusition of the regional rights to the brand in 2015
The new scheme aims to digitise the process for car accident insurance claims
The World Health Organisation says outbreak in Riyadh was started by a 49-year-old woman
National Anti Corruption Commission study encourages greater punishment for corrupt practices
Last week, Saudi’s stock market regulator fined MMG SAR 1.6bn and sentenced three people to jail
The wheat purchased was of European, North American and Australian origin
Deloitte has been barred because of its involvement with troubled Saudi contractor MMG
Saudi’s Deputy Crown Prince Mohammed bin Salman met with US president Obama last week
The company’s founder Mohammad Al-Mojil and his son Adel Al-Mojil were sentenced to five years in prison.
Proposals aimed at reducing housing shortage in urban areas
Mohammed bin Salman’s visit is also aimed at restoring frayed ties with Washington
Alhokair’s board approved the sale of the firm’s investment in Blanco for $93m
Foreign investors will be able to own 100 per cent of retail and wholesale businesses
The attack at the Pulse club on Sunday left 49 people dead
The kingdom bans smoking in public areas and regulates tobacco sale
Each plant will generate up to 50MW using photovoltaic technology
Tunneling excavation work completed on the $2.27bn Green line
The new airline will be awarded a national carrier licence on June 22
Authorities are still studying how much of Saudi Postal would be sold
The kingdom is expected to raise at least $10bn as it seeks to tackle its burgeoning fiscal deficit