Over 100,000 Ethiopians repatriated from Saudi Arabia since the Kingdom began deporting illegal migrants in November.
Saudi Arabia’s Grand Mufti condemned suicide bombings as grave crimes.
Despite experiencing cyber attacks, the majority of Saudi Arabian consumers have not installed anti-virus software on their systems.
Aramco has the option to reduce monthly sales volumes to term buyers.
Dabbagh Group is planning to sell a 19 per cent stake in its lubricant business, say sources.
Jeddah-based Alkhabeer Capital did not disclose financial details of its purchase into Dubai’s Express Group.
A meeting of military officers, diplomats and analysts took place during a security conference in Bahrain last weekend.
The Kingdom cut production in October after pumping at record rates of around 10 million bpd for three months.
Saudi Arabia has been repatriating illegal expats with the hopes of stemming unemployment among locals.
Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.
The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.
The current 30 million barrel-a-day target for the 12-nation group adequately matches demand, say officials.
The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.
The Kremlin said Putin and Prince Bandar discussed plans for a long-delayed international peace conference on Syria.
Currently, more than one million Saudis work in the private sector.
Upset with the US, senior Saudis are considering strategic relations with other world powers.
Iran’s foreign minister said that the nuclear deal reached in Geneva on Nov. 24 should not be seen as a threat.
Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.
The project will deliver 2060 megawatts of electricity to SEC under a 20-year agreement
In Kuwait the authorities have resumed the monitoring of sermons.
Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.
The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.
Iran signed an interim deal with six world powers to curb its nuclear programme.
In August 2012 Aramco suffered an attack on 30,000 computers.
The entertainment and hospitality firm could be valued at about $680-$690 million, sources said.
Another 19 people were convicted on Monday of plotting to hijack a Western airliner.
Staybridge Suites Al Andalus Mall will target shop-loving Saudis
The deal will cover maintenance work on 12 gas units at new power plants in Riyadh.
The GCC’s oil and gas producers need to have innovative strategic plans as competition intensifies.
Nearly a million foreigners have left Saudi Arabia since March, when authorities began a crackdown on illegal workers.