Saudi Arabia’s dairy producer and property developer both reveal an increase in net profit for the second quarter.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
Analysts are not revising share price forecasts following a surge in banking shares after mortgage law approval.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.
Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
Crown Prince Nayef’s funeral was attended by members of the al-Saud ruling family and heads of Arab states.
Heir to the throne Crown Prince Nayef bin Abdulaziz al-Saud has passed away outside the Kingdom.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.
The Kingdom pumped 9.8 million barrels per day last month, down 300,000 bpd from April.
The Kingdom’s GDP growth during the first quarter of 2012 reduced slightly compared to the fourth quarter of last year.
Official statistics reveal that local tourism in the Kingdom will grow five per cent during summer this year.
The Kingdom has approved municipal projects worth SAR1 billion to be implemented across the country.
Despite oil prices falling below $100 a barrel, Saudi Arabia will not cut supplies anytime soon, say experts.
Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.
The Kingdom has warned its citizens not to travel to Yemen due to increasing insecurity in the country.
The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.
Freeing up spectrum for Saudi’s telecoms operators may add $95.5 billion to the economy by 2025, said GSMA.
Saudi Arabian Airlines has got approval to list 30 per cent of its catering unit on the Kingdom’s stock exchange.
Prince Alwaleed’s Kingdom Holding Company will retain its stake in the Fairmont San Francisco Hotel.
The country is ranked 19th in the World Economic Forum’s Global Enabling Trade Report this year.
The Kingdom’s defence ministry will be buying military aircraft from UK defence company BAE.