Oil production tends to vary month by month, making it difficult to fix on a permanent production target
The trade surplus in Saudi Arabia remains stable amid continued levels of strong trade in the country
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Holiday Inn and Suites Taif and Staybridge Suites Taif will both open in 2025
Compensation provisions for flight delays, cancellations, overbooking and unexpected stopovers have been bolstered and extended
On Tuesday, November 21, the kingdom’s Capital Market Authority approved the company’s application for registering 10 per cent of its share capital
The Saudi Tourism authorities hope to match visitor numbers to previous years which saw between 12 to 15 million tourists visit the annual festival
The Minister of Energy said the discovery of the Al-Hiran natural gas field was confirmed after gas flowed from the Hanifa reservoir in the Al-Hiran
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster
Microsoft said it will extend its technical expertise to Riyadh Air by offering guidance in architecture design, scalability, and security reviews
The new development, located on the Gulf of Aqaba, will comprise off two stunning towers
Riyadh Air COO Peter Bellew on being the region’s youngest airline, the national carrier’s ambitions, its current challenges, and being a digital native
Benefits that would be available for guests booking flights on Saudia or Riyadh Air will be announced when Riyadh Air launches in 2025
The unveiled livery will see Riyadh Air aircraft decked in a lavender and indigo paint featuring a feather-like design near the rear of the fuselage
The company will be involved in waste collection at the source through treatment, recycling, and disposal in the general landfill in Madinah, Saudi Arabia
The drop in prices comes as concerns around supply disruptions due to the Israel crisis ease along with a reduced demand for China
King Faisal Specialist Hospital & Research Centre’s Dr Wijdan Alahmadi shares the centre’s work in advancing astronaut safety and biomedical discovery
The solar facility is expected to reach financial close early next year and connect to the grid in 2025
Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier
The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country
The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast
Shebara will open in the summer of 2024 and is the first resort to be owned and operated by RSG at The Red Sea destination
SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities
Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs