A crackdown on illegal expatriates will resume on November 4 after a seven-month grace period
The Kingdom’s banks are benefiting from a robust economic backdrop.
The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.
The bank said it made SAR998 million in the three months ending September 30.
International food event to showcase Kingdom’s market potential.
Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index was at 58.7 points in September.
The conservative Islamic kingdom is one of the main backers of rebels fighting Syrian President Bashar al-Assad.
Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.
The new joint venture is being set-up with an initial capital outlay of around $8 million.
BNP Paribas, HSBC, Saudi Fransi (Credit Agricole) and Standard Chartered were the leads.
Saudi firm SAS has acquired a 51 per cent stake in Glowork, a platform that helps women in the Middle East find employment opportunities.
Saudi travellers set to enjoy first class services to and from London next spring.
Damac Towers by Paramount Hotels & Resorts will offer 215 units of serviced residences, from one to three-bed apartments.
GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.
A campaign calling for women to defy the ban in a protest drive on October 26 has spread rapidly online.
Saudi imposes a particularly light tax burden on entrepreneurs as compared to its European counterparts, says Ernst &Young
The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.
The initial price thought on the bond is in the area of 150 basis points over the equivalent U.S Treasuries.
Traffic police issued fines totalling SAR5,400 ($1,400) for allowing “an unqualified person to drive.”
A World Bank report found the Middle East and North Africa have made the least progress over the last 50 years in improving women’s economic opportunities.
UAE and Saudi economies are set to grow four per cent and 4.5 per cent in 2014 respectively.
The “October 26 Driving” campaign says it has gathered 8,700 signatures for a petition
New survey finds that in the next three years, the number of Saudi SMEs operating in six or more countries will rise from 16 to 41 per cent.
Saudi oil minister Ali Naimi said that work is ongoing in the project, which includes a 400,000 barrels per day refinery.
The 350,000-barrel per day oil link between the two countries is expected to be commissioned by the third quarter of 2016
The company will supply four 720MW steam turbine generator sets for the Shuqaiq power plant.
The contract has been awarded for the Damac Esclusiva Luxury Serviced Apartments tower in Riyadh.
The Saudi billionaire invested $300 million in the social media giant in late 2011.
Luxury hotel on the Corniche will seek to draw in business and leisure travellers