The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018
Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year
Citizens under the age of 18 are permitted to travel, provided they submit an insurance policy approved by the Saudi Central Bank prior to doing so
The project is linked to existing plans to build up automotive infrastructure in the country
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
Upon completion, the wider development strategy for AlUla in 2035 aims to deliver 38,000 new jobs
The ‘Journey Through Time’ Masterplan is an enormous opportunity for the local residents
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
An investigation is ongoing
The financing is the first riyal-denominated credit facility to receive green financing accreditation
The company is also conducting a strategic review of its upstream business
Visitors are subject to strict Covid-19 precautionary protocols
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
The company raised $6m in seed funding at the start of this year
Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year
The kingdom will resume international flights on May 17
Jameel Fund for Infectious Disease Research and Innovation to provide grants of up to $65,000
It will have a tenor of 15 years and an interest rate of about 1 per cent above the Saudi interbank offered rate
The Shams Ar Riyadh project is located in an area north of Riyadh, on the King Khalid Road
The kingdom’s first Reel Cinemas venue will feature 14 screens
Digital transformation key to travel industry recovery
Coalition forces in the kingdom destroyed five ballistic missiles and four armed drones launched from Yemen in the latest attacks
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months
In Saudi Arabia, the Supreme Court said that the crescent had not been sighted on Sunday evening
Mubadala is in talks with US investor EIG Global Energy Partners, the lead member of the consortium
An investigation allegedly uncovered their collaboration over plots against Saudi Arabia’s military interests, security and stability
The project was awarded to an ACWA Power led consortium
The rescheduling decision was taken due to the shortage of international supplies of vaccines
The deal is part of Saudi Arabia’s drive to open up to foreign investment and use the money to diversify its economy