Limitations on market access are frowned upon by index compliers such as MSCI and FTSE, whose indices are tracked by trillions of dollars of institutional wealth globally
The fees would encourage landowners to develop their land instead of just holding it for profit, the country’s housing minister said
Adel al-Jubeir said that Syrian President Bashar al-Assad had to leave power if peace was to be achieved
The number of millionaires in the country is expected to increase from 59,000 in 2015 to 96,000 by 2020
Cyber criminals had duped Aramco into making a payment for an order of naphtha from ONGC into their own bank account
SABIC could make an announcement regarding the potential joint ventures in the first quarter of 2016, a senior official said
The investment brings Aster DM Healthcare’s total ownership stake to 97 per cent in Sanad Hospital
The contract, signed between the firm and the Ministry of Water and Electricity, is for 29 projects being implemented by the Ministry of Housing
Oil prices have almost halved in the past year because of excess supply
A gunman killed five people in an attack on a Shi’ite Muslim meeting hall in Saudi Arabia on Friday
Ministries are being told that if money is not fully spent on the projects for which it was originally allocated, the remainder must be sent back to the Treasury
The deal is expected to help improve Saudi’s defense capabilities
Russia has for years been muscling in on Asian markets where Saudi Arabia was once the unchallenged dominant supplier
The Arab coalition denied the allegation and said it was keen for ships to take in relief
The Capital Market Authority told licensed brokers that they would have to open an account in the name of each client rather than using the name of the broker or someone else
Adel al-Jubeir said that Riyadh’s position on Syria had not changed
The kingdom is grappling with a budget deficit which economists estimate could total $120bn or more this year
Karl Andree, 74, was jailed for 12 months in August last year after being caught with homemade wine in Saudi
The Saudis urged Russia to help fight terrorism in Syria by joning the already established anti-Islamic State coalition
Russia’s intervention in Syria has infuriated Syrian President Assad’s regional foes, including Saudi Arabia
Saudi Arabia has shown interest recently in purchasing flexible assault naval vessels like the Mistral helicopter carriers sold to Egypt as well as multi-purpose Fremm frigates
Mobily restated 27 months of earnings to March 31, 2015, slashing its total profits over the period by nearly SAR 1.76bn ($470m)
The advisor called for greater international cooperation to reduce speculation and support a healthy oil market
The tender deadline is Friday, October 9 with shipment sought between December and February
A Saudi court upheld a conviction against Dawoud al-Marhoon for taking part in anti-government protests three years ago and ordered him to be executed
A gunman stormed into one of the branches of Al Rajhi bank, reportedly to rob the bank, and opened fire on customers and employees
Kingdom Holding, owned by billionaire Prince Alwaleed bin Talal, originally invested $50m in the tech company in 2011
Yousef Abdullah Al-Benyan said the economics of the project were being assessed and there was a 50/50 chance it would proceed
Riyadh, along with Turkey and other Gulf states, is a main supporter of rebels fighting Syrian President Bashar al-Assad
The deal value is currently estimated around $1bn to $1.5bn