The $450 million Islamic bond is due to mature in February 2015.
One-time short-haul carrier is embarking on international expansion
Saudi Arabia’s intelligence chief has said the kingdom is looking at a “major shift” in relations with the United States.
The degree underscored concern about Saudis hardened by battle in Syria coming home to target the ruling royal family.
Saudi Arabia’s advisory body will rethink its decision about reducing working hours in the private sector following an appeal by some of its members.
SEC said at the beginning of January that it had chosen banks to arrange the riyal-denominated transaction.
While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected
Obama will hold a summit with Saudi King Abdullah to ease tensions between the two countries, according to a report.
GCC states have given Egypt billions of dollars since the army toppled President Mohamed Mursi.
Shoura Council members said that the Nitaqat system has been ineffective in creating jobs for Saudis.
The telecom operator is expected to start the service via its partner, London’s Lebara Group.
King Abdullah Economic City is a special economic zone up Saudi Arabia’s Red Sea coast from Jeddah.
Most of these schemes have failed in the past and can only be successful when accompanied by wage reforms and skill match up by locals, says new study.
Employers practicing fake saudisation will face five years imprisonment and a SAR10 million fine.
Subscriptions dropped to 51 million as of September 30, 2013, from 56.1 million two years ago.
Future expansion of healthcare facilities will also be driven by Saudi’s growing young population and the high incidence of lifestyle-related diseases.
Nearly one million foreign workers are estimated to have left Saudi Arabia between last March and November.
Saudi has become a major importer of wheat since abandoning plans for self-sufficiency in wheat in 2008.
The IPO listing is expected to take place before June this year, according to the company’s CEO.
SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.
In a speech to an international conference on Syria, Prince Saud called for the withdrawal of all foreign forces from Syria.
BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.
Performance of Saudi lenders is being driven by business growth and declining loan impairment charges.
Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.
Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
High liquidity in the country has kept funding costs low.
The firms will work on photovoltaic solar projects through the joint venture.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.