Under Saudi regulations foreign-owned businesses face a complex licensing process and are tightly controlled.
Since the fall of Syrian rebel stronghold Qusair this month, there has been growing unease in Riyadh about the opposition’s chances.
The Saudi prince is inviting Dubai’s biggest real estate developer Emaar Properties to team up with his investment firm Kingdom Holding.
The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.
The worldwide death toll released by the World Health Organization on June 15 stood at 34.
Ties between Saudi Arabia and Iran are tense over many issues, notably the war in Syria.
The petrochemical complex, located at Jubail Industrial City, will be the world’s largest chemical complex ever built in a single phase.
The move is expected to provide a boost for the economy as the current Thursday-Friday weekend sees the Kingdom share only three working days with overseas companies.
Saudi’s Communications and Information Technology Commission (CITC) banned Viber this month with Skype also on its non-compliant list.
Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.
So far 28 people have died of the virus in Saudi Arabia, according to the Kingdom’s health ministry.
Renewable power is helping the Kingdom meet its voracious domestic energy appetite.
Witnesses said police surrounded around 100 protesters at a demonstration in Buraidah on Tuesday and made some arrests.
The size of the new Islamic bond could match the firm’s record-breaking $4 billion debut sukuk issued in 2012, say sources.
Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.
Workers have queued outside government offices and some consulates for days on end over recent weeks in daytime temperatures topping 40 degrees centigrade.
Prince Alwaleed has attacked the U.S. magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses.
A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.
The Kingdom announced in March that it was planning to ban VoIP services such as Skype and Viber.
The family conglomerate has hired three people from accounting firm Deloitte to senior management positions.
L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.
A feasibility study will be carried out by the two companies over the next five months.
The rescheduled payment, spread over seven years, will be treated as a commercial loan.
The wheat is of optional origin from the European Union, Australia and North and South America.
The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.
The project will allow both countries to share power of up to 3,000 megawatts.
The senior, unsecured notes priced at a profit rate of 1.535 per cent, arranging banks said.
The Saudi dairy firm will distribute bonus shares in a move approved by its shareholders.
The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.
The worldwide death toll now stands at 23 as Saudi Arabia reports five new cases.