Oil importers “have to do what they have to do to protect their own energy shipments”, said Saudi energy minister
Saudi Arabia’s energy minister Khalid al-Falih said he was ‘optimistic’ that a deal between the two companies would work out
PIF raised $11bn through a five-year loan last year and is in advanced talks to borrow $10bn more
About 20 per cent of global oil supply is transported daily through the Strait of Hormuz
The firms have been working to combine Clariant’s additives and specialty masterbatches businesses with parts of SABIC’s operations
The two countries halted output from the jointly run oilfields – Khafji and Wafra – more than four years ago
Iran said on Friday it had seized Britain’s Stena Impero tanker, which had been heading to a port in Saudi Arabia
A study will look at developing a 35km hyperloop test and certification track in King Abdullah Economic City
The Houthis have stepped up their attacks against targets in Saudi Arabia in the past few months
The high-speed rail line will now carry out a total of 64 trips per week
Aramco plans what would be the world’s biggest stock market listing in 2020 or 2021
The delivery service, Careem Now, will extend to 100 restaurants and outlets in the Saudi city
Iran said on Friday it had seized Britain’s Stena Impero tanker
The visa provides a six-month stay to beneficiaries [working for] government entities, factories, agricultural institutions, and seasonal labour market entities
The Saudi economy, the largest in the Middle East, has suffered in recent years because of low oil prices and austerity measures
A US official said the deployment would include about 500 US military personnel in Saudi
The injured crew member had been airlifted from the Iranian vessel Savis to a military hospital in the Saudi city of Jizan
The law will regulate procedures of tenders and procurements carried out by government entities to ensure they are not influenced by personal interest
It is the first time Janet Jackson and 50 Cent will be performing in the kingdom
Previously, visitors with Umrah visas were restricted to Makkah, Madinah and Jeddah
Currently the bank has four branches in Saudi – two in Riyadh, one in Jeddah and one in Khobar
On Tuesday, the Saudi-led coalition said it intercepted and downed three Houthi drones targeting two airports
The law introduces flexibility in the price of contracts and compensations in the case of increases in raw material prices, custom duties and taxes
The new decision is hoped to help create thousands of jobs and stimulate the kingdom’s economy
Construction work on the $500bn NEOM project is slated to begin this year
The drones targeted civilians and civilian airports in Abha, Jizan and Najran, officials said
Yemen’s warring parties agreed on Monday on new measures to enforce a ceasefire
The drones targeted civilians and civilian targets in Khamis Mushait city
Soon there will be Saudi steps towards the Lebanese state, Najib Mikati said
Regional governments have been accelerating their investment plans with 87GW of capacity additions already at execution stage