Around 723,000 Saudi nationals have been employed through the Nitaqat system.
Selected employees will receive salary hikes of between 30 to 100 per cent, the government has said.
Muhammad Husayn Qahtani and Hamood Abdulla Hamood were repatriated after spending 11 years in Guantanamo.
The retailer plans to invest over $1 billion annually over the next five years on expanding its business.
The growing domestic demand for hydrocarbons, exacerbated by low prices, is the key long-term challenge faced by the Kingdom, said Jadwa Bank.
Hisham Al Rayes had been acting CEO since March 2012.
Governments in the region must create well-designed apps that allow citizens to connect frequently and directly with them, says study.
Dubai World had paid $375 million in 2008 for its 50 per cent stake in Fontainebleau Miami Beach.
With 100 per cent client retention and growth nudging 10 per cent, OMD wins top award from Campaign magazine.
Shares in Drake & Scull, which are up 93 per cent year-to-date, have been buoyed by the merger speculation.
The lender plans to boost its share capital to SAR4.76 billion to help support its growth and capital base.
The charges, mostly involving infrastructure projects, were outlined in six trials that opened on Sunday.
The loan will act as a bridge financing until the company launches a sukuk issue in 2014.
Construction of the Sharq project will start in 2015 and completion will be by 2021.
The Morrone field is expected to initially produce over 3,000 barrels of oil equivalent per day.
The survey found that low-income earners saved two per cent more than the UAE’s general population.
Emirates signs 10-year commercial co-operation with Air Mauritius as part of A380 access deal.
Dubai’s benchmark index declined 1.6 per cent, paring the surge for the year to 93 per cent.
The Khazzan gas project aims to extract around one billion cubic feet (bcf) per day of gas from deep under central Oman.
GDP growth in the world’s top liquefied natural gas exporter is forecast to ease to 4.6 per cent in 2014.
Hilton’s top-end brand will reach out to tourists and corporates
The lender, which recently bought a 74.2 per cent stake in Turkey’s Alternatifbank, is also open to further foreign acquisitions, says CEO.
UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
The bank benefited this year from lower bad loan provisioning and the writing back of existing impairments.
The oil sector contributed about 45 per cent of output growth, thanks to higher crude prices on global markets.
Couples can now get even closer to the wildlife and island’s distinctive environment.
One-month visas can now be booked online priced $55 per person
Foreign companies in Kuwait pay a 15 per cent tax.
The decision has been passed by the EU Council of ministers, but requires final approval from the European Parliament.
The Securities and Commodities Authority has circulated draft rules that treat sukuk and non-Shariah compliant debt separately.