The troubled Saudi construction company reported a third quarter loss of $9 million.
Latest TV reports say at least 111 people were injured. Explosion caused by fuel truck crashing.
Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.
The Saudi government has said that its measures have ensured that pilgrims are safe and secure.
The motion is debated by Saj Ahmad, chief analyst, StrategicAero Research.com and Simon Elsegood, senior analyst, CAPA – Centre for Aviation.
About 70 per cent of companies in the GCC are also planning to increase headcount next year, says new survey.
A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.
Authorities have emphasised the religious occasion is no place for protests over the regional turmoil.
The Saudi oil producer has awarded contracts to companies from across Europe and Asia – the project is said to be worth billions of dollars.
STC reports jump in third-quarter profit due to growth in broadband but still misses market expectations.
The telecoms operator said net loss widened by two percent because of lower revenues.
Saudi Aramco has been pumping around 10 million barrels per day for most of this year.
The global technology company plans to build an innovation centre in the Dhahran Techno Valley.
The Saudi telecom giant has also revealed details of a new collaboration with Hilton Hotels.
The Saudi lender said that third-quarter net profit dropped 3.5 per cent from last year to SAR1.87 billion.
The Saudi telecom giant has made several announcements on the opening day of technology week, including deals with Ericsson, Huawei and Wikipedia.
The Saudi Arabian Fertilizer Company blamed low urea prices for the drop in profit.
Samba, the Kingdom’s second-largest listed lender by market value, made SAR1.16 billion in the third quarter of the year.
The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.
The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.
The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.
Both Saudi Arabian lenders have seen their operating income rise for the third quarter.
Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.
Can the Kingdom build a sustainable economy before its oil wealth runs out? The race is on as youth unemployment simmers to boiling point.
Brent crude has fallen from a high for the year of $128 a barrel in March to $112.
GE CEO Jeff Immelt says the firm will cut jobs globally but inject $1 billion into Saudi Arabia.
Kingdom Holding sold the plot in Riyadh for $66.6 million.
The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.
The proceeds will be used to refinance existing debts, said sources.
The IMF said its base scenario envisaged a fiscal deficit of 0.6 per cent of GDP by 2016.