The company is targeting 2018 for what is expected to be the world’s biggest IPO
The company, 37 per cent-owned by Kuwait’s Zain Group, has been exploring the sale of its towers since as early as January 2015
Riyadh said it would increase spending to SAR890bn
A merger of two state-owned firms will create a new bank for OFWs
Reports suggest the 2017 budget will include a fee for expats working in the kingdom
The government is expected to announce its budget deficit fell sharply this year to SAR297bn
The budget is expected to include fuel and electricity price increases
Many of the workers were dismissed shortly after being hired
The government aims to increase the number of women in the workforce by 2020
Yemeni expatriates will have their visitor ID cards valid for an additional six months
The umbrellas are designed to provide shade to worshippers and pilgrims
The new wind turbine will generate 2.75 megawatts of power at its peak
STC will acquire a 10 per cent stake in ride-hailing app Careem
The man reportedly praised the recapture of Aleppo by government forces on Facebook
The added funding will help finance the kingdom’s entry into new industries
The new ventures will focus on boosting Saudi Arabia’s domestic capabilities in the oil industry
The plunge in oil prices since mid-2014 has pushed Saudi to rein in public spending
The riyal and most other Gulf Arab currencies are pegged to the U.S. dollar
The new notes and coins mark the era of King Salman
Anantara Jeddah Resort will be located on the waterfront in Obhur
Bank of Tokyo-Mitsubishi is the first Japanese bank to establish a presence in the kingdom
The first set of new banknotes and coins were delivered to King Salman yesterday
The contract has been awarded to Advanced Construction Technology Services (ACTS)
Saudi Arabia is trying to develop its downstream industry to produce diversified products near its petrochemical facilities
The new route would sit parallel to the existing King Fahd Causeway
The project was first announced in 2014
The suspects were detained in 2013 on charges of spying for Iran and went on trial in February
The closure of the Neutral Zone’s fields has become a political sticking point between the two countries
King Salman was awarded with the Zayed medal for his role in enhancing fraternal cooperation
The changes come as the kingdom prepares to implement reforms proposed by its Vision 2030