The five-day ritual is a religious duty to be performed once in a lifetime for every able-bodied Muslim who can afford it
Saudi says it is committed to do whatever it takes to keep the market balanced next year
Bateel owns date groves in Al Ghat, about 250 km away from Riyadh, and has a chain of cafes and bakeries
Saudia will start daily flights to Abu Dhabi and Bahrain from the new airport on Friday
The Saudi Cup, which will be run over nine furlongs on dirt on Feb. 29, will award the winner $10m
The amount will cover basic food needs for three months
A potential rise in Saudi bank rates will also have limited impact on growth, the central bank said
Tensions have risen between Iran and the West since last year
The Middle East already hosts two races, at Sakhir in Bahrain and Abu Dhabi’s Yas Marina
An explosives-laden car intended for a militant attack blew up outside a cancer hospital in the Egyptian capital
Tumbling crude oil prices also affected the markets
Saudi has seen a rise in Houthi drone attacks in the past few months
Over 1.6 million pilgrims have already arrived in the kingdom to perform Hajj
The drop came despite a 2.5 per cent rise in operating income
Fines will also be levied on companies that make their staff work for more than eight hours a day
Women over the age of 21 no longer need permission from their male guardian to travel
Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said
Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index up almost 15 per cent so far
The 30-day festival runs throughout August and features more than 70 events
The crescent moon will mark the start of the Islamic month of Dhu Al Hijjah
The Federal Reserve lowered US interest rates for the first time in over a decade
The move is the latest in state efforts to restructure the construction giant
The bank reported a net profit of SAR2.69bn in the quarter ended June 30
The financial grant is part of a package with the UAE worth $500m announced in April
Maersk currently has shipping services to the ports of Jeddah, King Abdullah, Dammam and Jubail
The kingdom has implemented a strict Saudisation policy in several sectors
Prince Bandar was the tenth son of Saudi’s first ruler King Abdulaziz Al Saud
The sale is one of the first privatisations the kingdom is planning
The ban will cover hospitals, government departments, schools and public transport in the Netherlands
The results came after Swiss firm Clariant, in which SABIC owns a 25 per cent stake, announced a loss for the first half of the year