Saudi Aramco has been pumping around 10 million barrels per day for most of this year.
The global technology company plans to build an innovation centre in the Dhahran Techno Valley.
The Saudi telecom giant has also revealed details of a new collaboration with Hilton Hotels.
The Saudi lender said that third-quarter net profit dropped 3.5 per cent from last year to SAR1.87 billion.
The emirate’s economy grew 6.8 per cent last year, according to government data.
The telecommunications firm operates in 17 countries in Africa, Asia and the Middle East.
The property firm reached a restructuring agreement with creditors on a $1.2 billion loan last week.
Overspending and a lack of financial planning spell an insecure future for UAE residents.
The biometric seat being developed by the car maker will be able to monitor driver wellness and stress levels.
The Saudi telecom giant has made several announcements on the opening day of technology week, including deals with Ericsson, Huawei and Wikipedia.
Reports claimed that Silvio Berlusconi was considering selling a 30 per cent stake to Qatar for 250 million euros.
The Saudi Arabian Fertilizer Company blamed low urea prices for the drop in profit.
Samba, the Kingdom’s second-largest listed lender by market value, made SAR1.16 billion in the third quarter of the year.
Marriage rate is falling while divorces are on the rise – what’s happening to the sanctity of marriage in the conservative Gulf state?
The property firm will now be owned by the Dubai government.
A step-by-step guide to finding employment in the UAE hub from the CMO of the region’s leading online recruiter, Bayt.com.
The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.
The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.
Global firms and large regional names are losing their top talent to Qatari lenders who offer better pay and stability.
The region’s largest ICT event takes place this month from 14-18 October at Dubai’s World Trade Centre.
The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.
Manchanda had been acting CEO of the Dubai-based developer since June 2011.
BNP Paribas arranged the deal, which will settle on October 16.
Dubai’s biggest annual technology event hopes to welcome over 130,000 visitors.
Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.
Both Saudi Arabian lenders have seen their operating income rise for the third quarter.
Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.
Can the Kingdom build a sustainable economy before its oil wealth runs out? The race is on as youth unemployment simmers to boiling point.
The UAE’s federal budget deficit reportedly rose to Dhs2.8 billion in January-June, above the government’s original forecast.
Brent crude has fallen from a high for the year of $128 a barrel in March to $112.