The 206 room, five star property will be located at the Saraya Bandar Jissah complex
The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The company’s profits rose on the back of gains from the sale of investment properties.
The six storey property is set for a 2015 completion.
The Middle East is expected to benefit from the high rate of outbound travel spend by Asian travellers, a study says.
The deal is part of an agreement by Barwa to sell assets worth a $7.1 billion to Qatari Diar.
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.
The value hotel brand plans to supply over 1,750 new hotel rooms and serviced residences.
Increasing supply is set to intensify the challenge to maintain hotel’s RevPar levels.
The project includes the redevelopment of the former international airport in Hellenikon, Athens.
The country’s economy is predicted to grow 2.1 per cent this fiscal year, finds poll.
Oil prices are set to drop to $106 per barrel in 2014 and $101 next year from around $108 now.
State-linked firms are likely to repay obligations ahead of schedule.
IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.
The firm is also looking to expand its Indian Ocean portfolio with potential contracts in Thailand and Sri Lanka.
Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.
BPCL operates a 240,000 bpd Mumbai refinery in western India and a 190,000 bpd Kochi refinery in the south of the country.
Bidders include Australia’s WorleyParsons, consulting firm McKinsey & Co and Japan’s Oriental Consultants.
Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.
Ultimatum a sign of the Capital Markets Authority (CMA) tightening its oversight on corporate disclosure norms in the Gulf State’s financial sector.
Growth expected as a result of the country’s next five-year development plan.
Decision reverses an earlier plan to hold a multimillion dollar auction.
Concerns that the KAEC Financial District would not be competitive have halted development.
The need to educate Gulf vacationers is rising as the region is growing to be a source market for cruise tourists.
The airline received 48.3 million passengers in 2013.
Delivery coincides with the Doha-based carrier shifting its operations to Hamad International Airport
The airline has allocated up to three per cent of its revenue on marketing and promotion, says senior executive.
Saudi tourism president says the Kingdom will consider changing its policies as systems, airports and the country’s security network improves.
Dubai accounts for a quarter of output of the UAE’s economy.