Saudi’s inflation rate has been dropping for the last four months after touching a 14-month high in February.
Saudi Telecom wants the banks to restructure a $1.2 billion loan taken for Axis Telekom.
The World Health Organisation says 46 people have died out of the Middle East Respiratory Syndrome Coronavirus.
Sources say Saudi Arabia wants Moscow to ease its strong support of Assad and agree not to block any future Security Council Resolution on Syria.
Mohammed al-Bajadi, a founding member of the banned Saudi Civil and Political Rights Association, was sentenced to four years in prison last year.
Prince Salman bin Sultan is a son of the late Crown Prince Sultan, a veteran defence minister until his death in 2011.
Omar Hassan al-Bashir’s plane was barred from entering the Kingdom’s airspace this week while on a flight to Iran.
The company will supply gas and steam turbines and other equipment for the upcoming Jazan power plant.
Despite a rise in raw material prices, the Kingdom’s non-oil sector has seen slight growth.
As the peak season for hospitality winds down, average occupancy across UAE and Saudi hotels witness a slight decline.
It was not clear whether Bashir was on his way to the inauguration of Iranian President Hassan Rouhani.
Hyundai Heavy Industries will build a power plant with 2,640 megawatts of capacity in Shuqaiq.
Last week the government awarded $22.5 billion in contracts to three foreign-led consortia for the metro system.
BAE has been locked in pricing negotiations with Saudi Arabia over the Gulf state’s order of 72 jets since 2007.
A British court ordered the Prince to pay a $10-million commission to Daad Sharab, who brokered the sale of the jet.
Raif Badawi, who started the ‘Free Social Liberals’ website to discuss the role of religion in Saudi Arabia, was sentenced on Tuesday.
Despite a bullish outlook on sales growth by MENA CEOs, employment levels are expected to remain flat with businesses adopting a cautious approach.
Raif Badawi started the “Free Saudi Liberals” website to discuss the role of religion in Saudi Arabia.
Six rail lines carrying electric, driverless trains and extending 176 kilometres in Riyadh are to be completed by 2019.
The firm’s attributable net income from the deal will equal around 29 per cent of the $4.9 billion estimated for civil works.
In an open letter to Oil Minister Ali al-Naimi, Prince Alwaleed said oil demand from OPEC states was declining.
The project is the world’s largest public transport system currently under development, said Saudi officials.
A growing population and increased consumer spending are expected to drive the Kingdom’s food and agricultural sectors.
Officials attribute the low visitor numbers to lack of adequate tourism promotion.
Survey finds that male salary levels fell by SAR 371, while female salaries dropped by SAR 211.
The death toll from the SARS-like virus in the Kingdom has now reached 39.
The latest developments in fracking technology will not affect GCC oil demand negatively.
The plant is estimated to have a processing capacity of 1 billion standard cubic feet per day of sour gas.
The Kingdom’s private sector may be unable to accommodate all the Saudi nationals who are unemployed.
The offering, which is not imminent, is likely to be denominated in Saudi riyals.