The kingdom issued new regulations governing credit agencies’ operations in Saudi Arabia last year
Those who suffered permanent disability will also receive SAR 1m while others injured will get SAR 500,000 in compensation
King Salman also ordered that the group’s board members and senior executives be barred from travel abroad
Yemeni forces and their Arab allies are fighting to oust the Houthis in a six-month war that has killed over 4,500 people
Qatar National Bank has been granted a license to open a branch inside the kingdom
Under the new project called MGS 2, SEPCO will build a gas compressor station, industry sources said
The UAE and Saudi Arabia have fared better than their GCC counterparts because of economic diversification, says report
The five Saudis were reportedly killed in southern Najran province
SEC’s peak load rose by 10.2 per cent to 62,260 MW from 56,547 MW a year earlier
Employees in the kingdom are expected to record a 5 per cent salary hike in 2016, the report by Hay Group found.
The crane which collapsed onto one of Islam’s holiest shrines in Mecca, killed 107 people on Friday
Officials said strong wind and rains had uprooted trees and affected cranes in the area
The kingdom had announced three years ago that it wanted to install 41 gigawatts of solar electricity by 2032
Two Nepal maids claim they were kidnapped, gang-raped and starved over several months at a Saudi diplomat’s home
KPMG Saudi Arabia’s managing partner Tareq al-Sadhan is leaving the company at the end of December
The two women, aged 30 and 50, told police they were raped, assaulted, starved and held hostage over several months in Delhi
The Saudi economy is forecast to keep expanding strongly this year, showing little impact from the oil price drop, according to the IMF
The development will be located 8 km southwest of Aramco’s Dhahran headquarters
Crude suppled to the market in August was at 10.18 million bpd, down by about 78,000
The kingdom is encouraging investment in different energy sectors
The increase in foreign ownership from the present level of up to 75 per cent for retail businesses comes after tumbling oil prices have slashed government revenues
Ibrahim Alassaf said the kingdom was well-prepared to cope with the plunge of crude prices
The newspaper did not elaborate on when the government might reach a conclusion on the issue, and it did not give details of the possible reform
WAM said the UAE air force struck a mine-making plant in the Houthi-dominated Saada province and military camps and weapon stores in the central Ibb province
Saudi King Salman met with Obama at the White House on Friday to seek more support in countering Iran
Despite Saudi disappointment with Obama’s push for a nuclear deal with Iran , the U.S. role in Riyadh’s war in Yemen shows Washington remains the kingdom’s core partner
In March the cabinet approved in principle the idea of taxing undeveloped land in urban areas
The deal, valued at well over $1bn, could be reached by the end of this year
King Salman will meet Obama on Friday as part of his first US visit since ascending to the throne in January
The app facilitates package pick-up and delivery via a phone’s GPS coordinates