SABB remains the other shareholder in HSBC Saudi Arabia
Non-oil gross domestic product expanded almost 3 per cent in Q2
Saudi production tumbled by 1.47 million barrels a day to 8.36 million
Aramco has reportedly approached state oil producers as well as wealth funds in Malaysia, China, UAE and Kuwait
Saudi Arabia has raised $10.9bn on international markets so far this year
Cause of fire at Haramain train station in Jeddah remains unknown, as is the extent of damage
The new programme will give loans of up to SAR1.2bn targeting renewable-energy component manufacturers
Prince Mohammed said a “political and peaceful solution is much better than the military one”
The government has opened applications for online tourist visas for citizens of 49 countries
The Red Sea project, which was first announced in 2017, covers 28,000 square kilometers
His death was caused by gunshot amid a personal dispute in Jeddah, local media reported
S&P kept the sovereign assessment at A-, on par with Malaysia and Malta
Aramco is speeding up preparations for the IPO with an aim of listing on the Saudi bourse as soon as November
The firm is targeting a valuation of at least $2 trillion — more than double that of Apple
Aramco has now restored pre-attack capacity of 4.9 million barrels a day at Abqaiq and 1.3 million barrels a day at Khurais
Since January 2018, businesses have been required to pay fees for foreign workers they employ
Saudi Arabia’s biggest listed banks ranked by total asset size
The kingdom has vowed a swift restoration of output at Khurais and Abqaiq after the attack disabled 5 per cent of global supply
Aramco aims to stick to its schedule for planned analyst presentations and hasn’t told banks of any plans to delay the IPO
More female founders are starting their businesses in the GCC and the Middle East. But work remains to close the gender gap.
Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default
Javad Zarif stressed that Iran wasn’t involved in the weekend attacks in Saudi Arabia
Under the new system, pilgrims arriving for Hajj and Umrah – as well as visitors and those requiring a transit visa – will pay SAR300
Pompeo met with Prince Mohammed in Jeddah and discussed the need “to counter the continued threat of the Iranian regime”
The UAE’s central bank lowered the repo rate and its certificates of deposit rate by a quarter percentage point
The kingdom has used oil reserves to fill the gap during the past few days
The company is ready to do it any time in the next 12 months, says chairman
The US secretary of state will discuss ways to “counter Iranian aggression” in the region
The Abqaiq facility will return to processing pre-attack levels of about 4.9 million barrels per day by the end of September
Saturday’s strikes on Aramco facilities slashed Saudi Arabia’s crude output by half