Strategic partnership aims to support Saudis looking to find work.
In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.
The plant will be commissioned between 2016 and 2017, a senior official said.
Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.
The contractor reported a 69 per cent decline in fourth-quarter net profit last month.
The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.
Syria’s civil war has led to a new, greater threat of Islamist radicalism in Saudi…
Under secretary for political affairs Wendy Sherman will travel to Abu Dhabi, Riyadh and Jerusalem next week for consultations with respective governments.
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
At present Saudis must wait six to nine months after films are released in cinemas to watch them on local pay-television.
The men had been also convicted of chanting slogans against the Kingdom.
An agreement will see the exchanges share expertise and develop human capital.
The original contract had to be renegotiated after Saudi requested more advanced weaponry and equipment for the Typhoon fleet.
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
Power production at Ras Al Khair was expected to start in late 2012 but was delayed by construction issues.
The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.
The latest casualty to succumb to MERS virus in Saudi Arabia was a 22-year old man, according to health authorities.
The firm will list 30 per cent of its shares on the Kingdom’s stock exchange.
Saudi Arabia’s Kingdom Tower, which is 173 metres taller than Dubai’s Burj Khalifa, is slated for completion in 2018.
Somayya Jabarti has been appointed editor in chief of the English daily Saudi Gazette.
Waad al-Shimal, a joint venture between Maaden, SABIC and US phosphate and potash producer Mosaic, is a massive new project coming up in the far north of Saudi.
Aziza Al Yousef, the female driving ban opponent, makes the top five most powerful Saudi Arabs.
The Yemeni defence ministry website quoted sources as saying the militants had Saudi nationality.
A stake in the maintenance subsidiary is expected to be sold to the public before June 2015.
Aramco has re-tendered three of the four construction packages.
Amena Bawazir, a student at the King Saud University in Riyadh, died of heart problems last week.
All 15 were Egyptians and the blaze was started by an electrical short circuit, said reports.
Changes in Saudi’s mortgage law in 2013 are expected to boost banks in the GCC’s largest domestic market.
The report estimated Saudi Arabia was spending $59.6 billion, a rise of 8.6 per cent.
The brokerage is seeing increased interest in the three markets among Qatari investors.