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.
The acquisition allowed Gulftainer to assume full management of three Saudi terminals, located in Jeddah and Jubail.
Saudi Arabia is trying to reduce a black market in labour among the estimated nine million foreigners in the country.
The latest cases bring the total number infected worldwide to 70, with 39 having died since MERS was identified last year.
The Kingdom has no immediate plans to open its doors completely to foreign travellers.
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.