The airline currently has about 26 aircraft in its fleet with the average age of eight and half years
US Secretary of State John Kerry met King Salman and other Saudi officials on Saturday
The plant is designed to produce 330,000 tonnes per year of normal butanol once operational
Minister of Transport Abdullah al-Muqbil said the government had allocated SAR 200bn to be spent on public transport plans
Hezbollah leader Sayyed Hassan Nasrallah condemned what he called the “US-Saudi aggression” against Yemen
Saudi Arabia is planning to become the region’s car manufacturing hub
Foreign minister Adel al-Jubeir also said Assad was the “magnet” attracting foreign fighters from all over the world to fight for ISIL
Kuwait was ranked the worst country for expats to live and work in, a new survey showed
Prince Abdullah bin Faisal bin Turki Al Saud served as governor of the Saudi Arabian General Investment Authority from 2000-2004
China bought 983,590 bpd from Russia last month, up 42 per cent year-on-year, while imports from Saudi were down 16.5 per cent at 961,710 bpd
Kingdom Holding made a net profit of SAR 291.55m in the third quarter of 2015, up from SAR 265m in the same period a year earlier
The IMF estimates Riyadh faces a record budget deficit of well over $100bn this year, amounting to 21.6 per cent of gross domestic product
All 11 founding members of the Saudi Civil and Political Rights Association are either jailed or awaiting trial
Saudi’s foreign minister said this week that Iran’s military role in Syria disqualified it from playing a role in peacemaking efforts there
Limitations on market access are frowned upon by index compliers such as MSCI and FTSE, whose indices are tracked by trillions of dollars of institutional wealth globally
The fees would encourage landowners to develop their land instead of just holding it for profit, the country’s housing minister said
Adel al-Jubeir said that Syrian President Bashar al-Assad had to leave power if peace was to be achieved
The number of millionaires in the country is expected to increase from 59,000 in 2015 to 96,000 by 2020
Cyber criminals had duped Aramco into making a payment for an order of naphtha from ONGC into their own bank account
SABIC could make an announcement regarding the potential joint ventures in the first quarter of 2016, a senior official said
The investment brings Aster DM Healthcare’s total ownership stake to 97 per cent in Sanad Hospital
The contract, signed between the firm and the Ministry of Water and Electricity, is for 29 projects being implemented by the Ministry of Housing
Oil prices have almost halved in the past year because of excess supply
A gunman killed five people in an attack on a Shi’ite Muslim meeting hall in Saudi Arabia on Friday
Ministries are being told that if money is not fully spent on the projects for which it was originally allocated, the remainder must be sent back to the Treasury
The deal is expected to help improve Saudi’s defense capabilities
Russia has for years been muscling in on Asian markets where Saudi Arabia was once the unchallenged dominant supplier
The Arab coalition denied the allegation and said it was keen for ships to take in relief
The Capital Market Authority told licensed brokers that they would have to open an account in the name of each client rather than using the name of the broker or someone else
Adel al-Jubeir said that Riyadh’s position on Syria had not changed