The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
The kingdom’s annual inflation rate reached a 14-month high in February mainly because of increasing food and housing costs.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
The issuance of Islamic bonds in the region could reach over $14 billion this year because of increasing investor demand, according to HSBC.
The Saudi Arabia-based telecoms operator is keen to build a domestic partnership with a mobile virtual network operator.
The kingdom’s foreign trade revenue amounted to SR1300 billion in 2011 and is set to rise by 14 per cent this year.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.
Hotels in Dubai and Jeddah saw occupancy levels rising in January 2012, according to TRI Hospitality Consulting.
The Saudi company owned by Prince Alwaleed bin Talal plans to tap debt markets through sale of either conventional or Islamic bonds.
The Saudi Industrial Development Fund has reportedly approved 13 loans to start nine new projects in the kingdom.
The Saudi dairy company is currently in talks Pepsico to up its 48 per cent stake in IDJ, their joint venture firm.
The Japanese bank has received approval to offer foreign investors access to Saudi Arabia’s bourse.
The Kingdom is concerned about keeping the global oil market well supplied as demand from Asian countries increases.
Levant Capital and Citi Venture Capital International have acquired a major stake in the Al Raya supermarket chain.
The integrated mining project is expected to contribute around SAR15 billion to the Kingdom’s GDP per year.
Saudi Arabia’s biggest property developer, Dar al-Arkan, plans to repay 3.7 billion riyals of debt this year, said CFO .
The Gulf’s biggest dairy firm by market value, plans to start a roadshow this week.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
Confidence decreased substantially in Saudi Arabia during the last quarter of 2011, according to Nielson.
Prince Alwaleed, Citigroup’s biggest individual shareholder, said that he expects the bank to increase dividends this year.
The kingdom’s oil minister has said that rising domestic demand will not affect crude oil exports.
Saudi Arabia almost doubles income forecast, announcing a budget surplus of $81.6 billion for 2011.
The Spanish consortium won the bid to build the second phase of the HHR.
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