NCB reported a net profit in the second quarter of 2015 of SAR 2.36bn ($629m)
Agencies which apply before the end of August will be allowed to operate until they receive a licence
The company has been rocked by accountancy issues which have forced it to restate financial statements dating back to 2013
The 176 km six-line driverless network is scheduled for completion in 2019
The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah
The bombing, which killed 27 people, was Kuwait’s deadliest militant attack
The UN has been pushing for a halt to the air strikes and fighting that has killed nearly 3,000 people in Yemen since March
The smartphone market’s share in the region is now just under 77 per cent
The Saudi state oil company has lowered the August price for its Arab Light grade for Asian customers by 10 cents a barrel versus July
The PMI, a regular survey of businesses, reached its lowest level since August 2009
Total investment will be about $640m for the technology and plant construction
The terminal will be spread across three floors and includes an extended and widened runway
The 32-year-old militant had been jailed in the past for six years on criminal charges
The United Nations last week designated the Yemen war as a Level 3 humanitarian crisis, its most severe category
Kuwait attack has raised concerns about the number of young Saudi men willing to travel to attack Shi’ites in smaller Gulf countries, taking advantage of the visa-free travel
Gross domestic product, adjusted for inflation, grew 2.4 per cent from a year earlier in the first quarter
Prince Alwaleed said some of the donated wealth will include his personal stake in his investment firm Kingdom Holding
Virgin Mobile said the investment would be used to grow its regional operations
Assets dropped by 8.1 per cent from a year earlier to their lowest level since April 2013, central bank data showed
Mobily shares have been suspended since June, when the market regulator halted trading until the operator disclosed the financial impact of an investigation into its accounts.
The Saudi Arabian company had already received SAR 250m from Arabian Shield Cooperative Insurance Co in late March
The company made the statement after a team appointed by the Capital Market Authority identified concerns over Mobily’s contracts with customers
Talks in Geneva last week ended without a resolution to the conflict, which has claimed more than 2,800 lives
Aeroports de Paris, insurer AXA and construction group Eiffage are among the companies in the consortium led by France’s Caisse des Depots (CDC).
Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.
The countries set up a joint committee in May to finalise some 20 projects across sectors ranging from defence to transport infrastructure
The refinery is now processing crude at full capacity of 400,000 barrels per day
The kingdom fell behind Nigeria for Indian supplies and lost out to Russia and Angola for crude supplies to China
Dubai-based International Airfinance Corporation will buy the aircraft and lease them to Saudi Arabian Airlines
Luksar is a joint venture between Aramco and Russia’s Lukoil