The jobless rate fell to 11.7 per cent, down from 12.6 per cent in the last three months of 2020
The transaction will give Mumzworld access to a pool of capital to foster its growth
At the forefront of Vision 2030, SMEs are diversifying the economy as the kingdom competes in a global arena
Nearly 5.7 million have been arrested in the campaign, which began in November 2017
The crown prince’s economic transformation plan has identified Islamic pilgrimage as a key source of non-oil revenue
The Coastal Village area includes management offices, villas, townhouses and apartments, and a 144-room hotel
The application will show the passenger’s status as being immune/immune by first dose/immune by recovery/no record of infection
Saudi Arabia has been taking steps to merge and restructure various entities as it looks to boost efficiency
The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network
The Houthis have been frequently targeting the kingdom with explosive-laden drones in recent weeks
The funds hold significant stakes in Saudi Arabian firms
Crude futures are trading at a two-year high above $70 a barrel
In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019
Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund
No injuries were reported in the incident
Assilah Investment is the top shareholder in both companies
Aberdeen and Investcorp announced the fund two years ago with a view to channel investment into the Middle East’s health care, education and utilities industries
The bus network consists of two stages and aims to serve pilgrims and residents of Makkah
The first phase of online registrations for Hajj will be open from June 13-23
The state-controlled company sold sukuk due in three, five and 10 years
The PIF has made several high-profile investments in recent years
The extension will be done automatically and at no cost to the visa holders
The firm is raising cash to help finance its plans to pay out $75bn in dividends
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The IPO could add to a string of listings in Saudi Arabia
The kingdom’s Purchasing Managers’ Index survey compiled by IHS Markit rose to the highest since January
Founded in November 2014, the company with operations in several countries including the UAE and Saudi Arabia is now valued at $2.1bn
It is aiming for its operations to become carbon neutral by the end of 2021
The price of oil has doubled since October to more than $70 a barrel
According to the agreement with ACWA Power, Neutral Fuels biofuel is set to power the site’s entire transportation network