It marks the airline’s fifth route in Saudi, alongside Riyadh, Jeddah, Medina and Dammam
A power cut on Saturday has forced the refinery to stop all operations.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
Saudi’s behemoth banks were flush with capital in 2012.
Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.
The Kingdom’s aviation authority launched its first sukuk in 2012 and raised SAR15 billion to fund the Jeddah airport development.
2013 revenue projected at a conservative SAR829 bn, according to Emirates NBD, as spending on education and healthcare to increase.
The government plans to spend $219 billion in 2013, 19 per cent higher than the amount budgeted for 2012.
Qatar Airways and Bahrain’s Gulf Air have become the first foreign airlines to obtain carrier licences in the Kingdom.
The plant, located in Jubail, is expected to start production in the second half of 2014.
Jeff Immelt, global boss of GE, opens up to Aarti Nagraj about ramping up regional spend, the challenge of leading 300,000 people and whether he sleeps at night.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
The decision follows Egypt’s ban after fears of mad cow disease case.
The credit facility was increased from the 7 billion riyals initial target amount.
The 400,000 barrels per day refinery is due to be fully operational in the third quarter of 2013.
The civil aviation will also allow new carriers in an attempt to spur growth.
The Saudi lender’s issue was around 2.2 times covered by investors.
The telecoms operator covered the costs Zain Saudi owed the U.S. firm.
The 89-year-old king has left hospital after a four-week visit for a back operation.
The contract is to build the third phase of the Jabal Omar development in Mecca.
Volatile oil prices and grey market competition are some of the main challenges that the regional business jet industry faces, says NasJet COO.
As part of the partnership, the car manufacturer will explore the viability of setting up an automotive facility in the Kingdom.
Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.
Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time
Saudi Aramco speaks for the first time about the virus that shut down its internal network.
The 130-room Hilton Garden Inn Riyadh Andalusia will be the mid-tier brand’s third property in the Kingdom
First internationally branded three-star economy hotel in the Kingdom will be followed by many more as main hospitality groups target demand for affordable stays
The telecoms operator faced a two-week ban on SIM card sales over provisioning requirements.
The government has started imposing fees on companies that hire more foreign than local workers.
The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.