The telecoms operator made a second-quarter net profit of 1.61 billion riyals, up from 1.42 billion riyals in the same period a year earlier.
The drop from 6.5 per cent a year earlier reflects a fall in Saudi crude oil output over the year.
Sources have said that a deal for Saudi Arabia to buy M1 Abrams tanks from General Dynamics was already in sight.
Aramco signed deals worth an estimated $6 billion for the 400,000 barrels per day refinery project in November.
Dragados has won the deal to design and build a new 50,000 tonne-per-year polyacetal plant in the Kingdom.
The Givori Phantom Black Platinum collection, made for men, is handcrafted in Italy.
The UAE will make a $1 billion grant to Egypt and a $2 billion loan.
South Korea’s Daelim Industrial Co will build an ammonia plant at Ras Al Khair, on the eastern coast of the Kingdom.
The factory, located in Yanbu, is being developed by a joint venture of Kuwait’s Alghanim and Saint-Gobain.
The Kingdom’s health ministry said another three people had been confirmed as being infected with MERS.
Most of the cases of MERS have been in Saudi Arabia, with 40 people killed so far.
The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.
The two sectors together account for over half of the Saudi market’s capitalisation.
Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.
Sheikh Abdulaziz Al al-Sheikh urged Egypt’s opposing sides to meet to find a solution to the crisis.
The Saudi government has given a four-month extension to an amnesty for foreign workers with visa violations
The Kingdom began a stringent crackdown on illegal foreign workers earlier this year.
The prince is being sued by Jordanian businesswoman Daad Sharab, who says she was not paid a commission for brokering the sale.
The European Union lifted restrictions on arming the rebels in May. Britain and France said they would not send weapons before August 1.
HRW said the men were detained in September 2011 and had spent a year and a half in prison before being tried by a special tribunal.
The operator said the deal would be the first of its kind in Saudi Arabia’s telecom sector and would boost the company’s free cash flow.
Facing economic risk from the Eurozone and US, oil price volatility, and regional political uncertainty, will Saudi Arabia continue to make foreign investors wary?
A watermelon seller died after he set himself on fire in Riyadh last month.
Prince Alwaleed bin Talal is expected to give evidence in a London court next week.
Last year more than three million pilgrims travelled to Mecca for the pilgrimage.
While rents in Riyadh rose by seven per cent on average, lease rate for villas in Jeddah were up around four per cent, says new report.
Saudi foreign minister Prince Saud al-Faisal criticised Iran, Russia and Hezbollah for backing and arming Syrian president Bashar al-Assad.
Up to 53,000 Yemenis staying illegally in Saudi have been deported since the beginning of this month.
The PC maker has introduced six new models to the market, with prices ranging from Dhs499 to Dhs1,999.
King Abdullah issued a decree to make the switch, bringing the Kingdom’s working week in line with other GCC states.