Saudi Arabia, which pegs its riyal currency to the U.S. dollar, has kept its repo rate at 2.0 per cent since January 2009.
Saudi Arabia’s central bank governor said that he expected the private sector to drive growth in the Kingdom.
Last month, Yemen said it had handed Saudi Arabia 29 of its nationals wanted as al Qaeda militants.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.
The arrests are the first reported cases of Egypt’s Gulf allies detaining members of the Islamist group on its behalf.
The Shoura Council has also asked the Kingdom’s anti-corruption agency to provide a report on the graft situation in the country.
The move follows the withdrawal of the Saudi, UAE and Bahraini ambassadors from Doha last week over foreign policy disagreements.
Saudi Arabia aims to develop shale gas for power generation in order to save more of its crude oil for export.
A source close to Qatar’s government said last week the dispute had more to do with issues in the wider Middle East such as the crises in Egypt and Syria.
The man, who has been in jail for three years, was charged and convicted under laws that criminalise internet abuse.
Alhokair completed the purchase of Spanish clothing brand Blanco last month for 11 million euros.
He also blamed both countries for launching Syria’s three-year civil war through al Qaeda-linked groups.
Saudi Arabia faced a militant insurgency from 2003 to 2006 in which al Qaeda targeted residential compounds for foreign workers and Saudi government facilities, killing dozens of people.
Jallal, who was senior vice-president of investment banking at Saudi Fransi Capital, the investment banking unit of BSF, resigned last month.
The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the Kingdom.
Saudi Arabia, Bahrain and the UAE said on Wednesday they were withdrawing their ambassadors from Qatar.
They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.
The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.
Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.
South Korea’s Daelim Industrial, France’s Technip, Spain’s Tecnicas Reunidas and Taiwan’s CTCI have submitted bids for the two-plant project in Jubail.
Sarah Al-Suhaimi, currently head of asset management and chief investment officer at Jadwa Investment has reportedly been hired as CEO of National Commercial Bank.
Saudi Arabia is holding thousands of foreign workers who failed to correct irregularities in their work visas before an amnesty expired in November last year.
The enterprise solutions provider signed deals with STC and Etisalat at the Mobile World Congress.
Saadan joined Aramco in 1980 and has worked as vice-president of corporate planning and chief executive of the Aramco-Exxon Mobil refinery in Yanbu.
Changes to the legal system are seen as crucial for wider social reforms aimed at reconciling Saudi Arabia’s ultra-conservative traditions with the demands of a young population.
Ghana is one of Africa’s newest crude exporters after starting production from its offshore Jubilee field in late 2010.
Strategic partnership aims to support Saudis looking to find work.
In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.
The plant will be commissioned between 2016 and 2017, a senior official said.