Shale oil remains much more costly to produce than most Middle East crude.
Net earnings in the three months to December 31 were 373.3 million riyals, up 1.2 per cent on the same period a year earlier.
Al Rajhi reported a 19.1 per cent drop in fourth-quarter net profit.
SABIC earned 6.16 billion riyals in the quarter, not the 6.58 billion analysts predicted.
Saudi Arabia started opening up its aviation market in 2012 by awarding additional carrier licenses.
Bombardier has so far seen slow orders for the CSeries after several months of development delays.
Syrian National Coalition is expected to decide this week whether to take part in the Geneva-2 conference in Switzerland.
Samba attributed the profit rise to an increase in operating income.
The company said more income from data and business clients were the reason for the quarterly and annual profit increases.
Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.
The airline will resume services to Manchester after a seven-year gap and will fly thrice a week.
The deal provides Sri Lankan domestic workers in the Kingdom the right to retain their travel documents.
The incident took place in the town of Awamiya on Monday evening.
All jobs previously occupied by expats will be considered vacant until qualified Saudi citizens can fill them, the ministry said.
The firm made a net profit of $117.9 million in the three-month period to December 31.
Gunmen killed two Americans, two Britons and an Australian at the offices of a foreign company in Yanbu.
SABB attributed its profit rise to higher operating income.
The Kingdom kept production in November at steady levels from October when it cut output.
The bank’s net profit for the quarter was boosted by a 22 per cent jump in total operating income to 671.1 million riyals.
Saudi Arabia’s third-largest lender by assets saw Q4 profit grow as income rose and expenses declined.
The Saudi firm might instead focus on tying up term contracts on a free-on-board basis with sellers like India’s Reliance Industries.
The move is designed to make it more attractive for young Saudis to seek jobs in private companies.
Healthcare is the second fastest growing sector after government in terms of IT spending.
Discussions are ongoing in the Kingdom, says Jumeirah’s president and group CEO, Gerald Lawless.
The U.S. Secretary of State spent two hours and 40 minutes with King Abdullah. Earlier in the day he met with the King of Jordan.
The flight, arriving from Mashhad in Iran before dawn, was carrying 315 passengers and suffered a technical malfunction.
Officials say that the new labour deal will better protect the rights of foreign domestic workers in the Kingdom.
The Kingdom’s monopoly utility said it would offer the sukuk to investors between Jan. 9 and Feb. 27.
Regional stock markets are projected to reflect expectations for solid global economic growth this year.
All shops in Saudi Arabia are supposed to shut for half an hour during the daily Muslim prayers.