A software engineer claimed that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
The Kingdom plans to sell three mobile virtual network operator licences as part of a plan to liberalise its telecom market.
On Sunday Saudi Arabia said it had had a total of 24 confirmed cases since the disease was identified last year, of whom 15 had died.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.
Veteran emerging markets investor Mark Mobius reveals why he wants to double investments in Saudi Arabia.
The Kingdom is currently investing heavily in building tourism facilities for domestic visitors.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
The total known infections worldwide to have risen to 31, of which 18 have died.
The company, the Gulf’s largest dairy firm, has previously sold two Islamic bonds in local currency, open only to Saudi institutional investors.
Abdulaziz Al Helaissi is rumoured to become the new deputy central bank governor.
Currently, foreign investors can only buy shares in the largest Arab market through swap deals involving international investment banks.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Saudi Arabia has reported 23 confirmed cases in total of people infected by the coronavirus, says WHO.
The Saudi billionaire’s investment vehicle plans to sell its stake in 20-30 hotels in the next two years.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
The 370-room hotel marks the company’s eighth signed property in Saudi Arabia and follows recent agreements for JW Marriott hotels in Doha and Casablanca
Globally, there have been 17 confirmed cases of human infection with the novel coronavirus (NCoV), including 11 deaths.
KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.
Saudi Oil Minister Ali al-Naimi is giving a major energy speech in the US on Tuesday.
The SABIC unit shut its ethylene oxide/ethylene glycol plant for scheduled maintenance.
A shortage of land in big cities has frustrated efforts to build half a million homes – a project ordered by King Abdullah in 2011.
Some 60 per cent of nearly 20 million Saudis are estimated to live in rented accommodation rather than homes they own.
The Kingdom’s Shura Council has recommended changing the country’s official weekend.
The firm posted a net profit of SAR1.55 billion, attributing the profit drop to charges relating to an Indian affiliate.
The firm made a net profit of 110.1 million riyals ($29.4 million) during the three months ended March 31, compared with 100.8 million riyals in the same period a year earlier.
Mobily’s revenue for the three months to March 31 was 5.63 billion riyals, up from 5.01 billion riyals from the prior-year period.