The telecoms company said that it made a net profit of $379 million in the second quarter of the year.
Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.
Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The loans, extended by the Saudi Fund for Development, are repayable over 20 years at two per cent interest.
Saudi Arabia will include two female competitors in its London 2012 Olympic team for the first time.
Egypt’s new President will make his first official visit to the Kingdom this week to meet King Abdullah.
Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.
Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
Crown Prince Nayef’s funeral was attended by members of the al-Saud ruling family and heads of Arab states.
Heir to the throne Crown Prince Nayef bin Abdulaziz al-Saud has passed away outside the Kingdom.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.
The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.
The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.
Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.
The Kingdom has approved municipal projects worth SAR1 billion to be implemented across the country.
Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.
Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.
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