Rising spending and falling oil revenues have created a state budget deficit which the International Monetary Fund projects at 20 per cent of GDP this year
Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits
A shell reportedly fell on a house around dawn in Najran province
Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows
The Saudi telecom operator slashed 27 months of profits last week
The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs
Lavrov is visiting Qatar to discuss about Syria, Yemen and Libya, stability in the GCC and bilateral relations
Senior members of Yemen’s exiled administration flew into Aden on July 16 to make preparations for the government’s return
Media reports said the victims included bin Laden’s half-sister along with her husband and mother
The shelling took place in Dhahran Aljanoub, a governorate in the Saudi border region of Aseer
Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows
The new plant is to have a processing capacity of 2.5 billion standard cubic feet per day
Authorities have reportedly arrested two people suspected of being linked to the incident
The coalition may have committed a war crime when it bombed two residential compounds, killing 65 people including 10 children, HRW said
The kingdom’s foreign minister said Tehran was intervening in its neighbours’ internal affairs
The Arab coalition fighting the Houthis had announced a five-day truce from 11:59 pm on Sunday to allow in emergency aid
The al-Anad base, 50 km from Aden, has been held by the Iranian-allied Houthi movement
Section of public beach closed off as King Salman vacations at his villa in southern France
News of the ceasefire came after 80 people were killed in an air strike on the central Yemeni city of Taiz
The kingdom has emphasised that Hamas delegation’s visit to Saudi Arabia was religious rather than political
Federica Mogherini will arrive in Saudi Arabia on July 27 and then proceed to Iran to discuss the nuclear deal
The Wafra field was first shut for maintenance on May 11 for two weeks
In talks with US Defense Secretary Ash Carter, King Salman reiterated support for the deal while voicing some concerns
Ash Carter said ahead of his trip that he aimed to discuss American strategy to counter “Iranian aggression” in the region
Some Saudis close to the ruling family have warned that if Iran still manages to weaponise its nuclear programme, then the kingdom will have to follow suit
The company secured an $825m loan from banks in February to pay debt and fund acquisitions
The kingdom’s domestic crude oil inventories jumped to a record above 300 million barrels in May
Saudi King Salman’s met with Hamas leader Khaled Meshaal on Friday
The kingdom exported 7.737 million barrels a day in April
Relations between Hamas and Saudi have improved since King Salman assumed the Saudi throne in January