Local company Next Generation aims to open six cinemas with a total of 50 screen by the end of 2019
The $15bn system is part of a broader $110bn arms package
Saudi ally, the UAE, reopened its embassy in Damascus in December
The bank’s head of investment banking also revealed it was also working on an IPO in the kingdom
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
The proposal has led to a heated debate on social media platforms in the kingdom
The wheat was purchased at an average price of $248.16 a tonne
Technology brands have seen their popularity decline in the last year in both the UAE and Saudi Arabia
It is not yet certain when the visas will become available
Saudi, Kuwait and the UAE put together a $2.5bn package in June to help shore up Jordan’s struggling economy
The public prosecution said it has prepared an indictment list and that the cases are set to be heard soon
Member state unanimously rejected the move to put the kingdom on the blacklist
Trump’s top priority is being re-elected in 2020 and so he is trying to eliminate all factors that could threaten a recession, writes Reuters columnist John Kemp
Saudi Arabia was among 23 nations put on a money-laundering blacklist by the EU in February
Foreign investors have put more than $1.5bn into the Saudi market since the start of the year
There is growing interest from foreign investors ahead of Saudi’s inclusion in the FTSE Russell and MSCI’s emerging market indexes later this year
The shipments are sought for delivery to the ports of Jeddah, Dammam and Jizan
US President Donald Trump Tweeted a request to oil producers on Monday to relax efforts to boost oil prices
The projects were presented at an event in Riyadh designed boost the kingdom’s contracting sector
Saudi has been surpassed by Russia in the past three years as the top crude supplier to China
Saudi currently has 27 banks operating in the kingdom, 15 of which are foreign banks
A reduction in government subsidies and the implementation of expat dependent taxes have all hit the market
The oil industry must “push back on exaggerated theories like peak oil demand”, said Amin Nasser
The value of Saudi non-oil exports rose 11.8 per cent in December
The kingdom has warned of strict penalties for hiring and sheltering illegal residents
Ahmed al-Kholifey said liquidity in the market was ‘strong’
Salman Abdulaziz R. AlBadran replaces Ahmed Abou Doma, who has been in the role for two years
The order came with an official visit to Egypt by the king
Princess Reema bint Bandar bin Sultan is the daughter of a former long-time ambassador to the US
As the regional fitness market continues to take strides, we look at some of the players disrupting the industry