Healthcare is the second fastest growing sector after government in terms of IT spending.
Discussions are ongoing in the Kingdom, says Jumeirah’s president and group CEO, Gerald Lawless.
The U.S. Secretary of State spent two hours and 40 minutes with King Abdullah. Earlier in the day he met with the King of Jordan.
The flight, arriving from Mashhad in Iran before dawn, was carrying 315 passengers and suffered a technical malfunction.
Officials say that the new labour deal will better protect the rights of foreign domestic workers in the Kingdom.
The Kingdom’s monopoly utility said it would offer the sukuk to investors between Jan. 9 and Feb. 27.
Regional stock markets are projected to reflect expectations for solid global economic growth this year.
All shops in Saudi Arabia are supposed to shut for half an hour during the daily Muslim prayers.
The total confirmed cases of the respiratory disease has reached 176, of which 74 have died, the WHO said.
The Kingdom needs to arm its young graduates with on-the-job training and vocational education, experts say.
Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.
The 550-megawatt integrated solar combined cycle plant will be located near Tabuk on the Red Sea coast.
Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.
The name of the prince was not revealed.
Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.
Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
Alwaleed’s Kingdom Holding bought a $300 million stake in Twitter in December 2011.
The $10.8-billion aluminium plant at Ras al-Khair shut one of its smelting lines in mid October.
The new infections bring the worldwide total of confirmed cases to 170 with 72 deaths, the WHO said.
The $7 billion project in city of Waad al-Shimal is a joint venture between Ma’aden, Saudi Basic Industries Corp and Mosaic.
Brent is forecast to average $104 next year, down from about $110 in 2013, Jadwa said.
The contracts were awarded to Canadian and Asian companies concerning its new phosphate mining and production project.
Next year’s 4.3 per cent rise in planned spending is far smaller than the 19 per cent leap envisaged by the 2013 budget plan.
Prince Mishaal replaces Prince Khaled al-Faisal, who has been made education minister.
Al- Naimi played down any suggestion the Kingdom was ready to cut production to accommodate increased supply.
More than a million immigrants from across the world have left Saudi Arabia since March.
The company plans to open 50 restaurants across the Kingdom in the coming years.
Roads of Arabia, which runs through March 9, features tools, steles, incense burners, statues and other pieces from the Kingdom.
The facility, funded by Bank of Tokyo-Mitsubishi UFJ and Mizuho Financial Group, is part of a wider $2 billion finance package for the Jeddah South project.
The Islamic bond has a lifespan of seven years, with a clause allowing the bank to redeem the paper after five years.