Repairs at the $10.8 billion facility could stretch well into next year.
The U.S. has witnessed the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s output from 1970-1974.
Britain exported 42,000 tonnes of barley to Saudi Arabia during the 2012/13 season according to customs data.
By unlocking its gas reserves, Saudi Arabia could use the fuel to power its domestic economy and allow more room for oil exports.
India will account for 14 per cent and 18.5 per cent of exports from the UAE and Saudi Arabia respectively by 2030.
The gold-embroidered, black-dyed Kiswa, a silk cover draped over the Kaaba, took eight months to produce.
The death toll from the respiratory virus in the Kingdom, where the strain emerged last year, has reached 51.
Park Inn by Radisson Riyadh will be followed by a Radisson Blu Hotel & Residence in Jeddah
Hilton spots potential for mid-market brand in the Eastern Province
A group of women’s rights activists have called for a new campaign on Oct. 26 to push for an end to the ban.
Saudi authorities had drafted a bill earlier this year that sets 16 years as the minimum age of marriage for girls
A crackdown on illegal expatriates will resume on November 4 after a seven-month grace period
The Kingdom’s banks are benefiting from a robust economic backdrop.
The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.
The bank said it made SAR998 million in the three months ending September 30.
International food event to showcase Kingdom’s market potential.
Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index was at 58.7 points in September.
The conservative Islamic kingdom is one of the main backers of rebels fighting Syrian President Bashar al-Assad.
Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.
The new joint venture is being set-up with an initial capital outlay of around $8 million.
BNP Paribas, HSBC, Saudi Fransi (Credit Agricole) and Standard Chartered were the leads.
Saudi firm SAS has acquired a 51 per cent stake in Glowork, a platform that helps women in the Middle East find employment opportunities.
Saudi travellers set to enjoy first class services to and from London next spring.
Damac Towers by Paramount Hotels & Resorts will offer 215 units of serviced residences, from one to three-bed apartments.
GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.
A campaign calling for women to defy the ban in a protest drive on October 26 has spread rapidly online.
Saudi imposes a particularly light tax burden on entrepreneurs as compared to its European counterparts, says Ernst &Young
The massive new factory, spread across 66,000 sqm, will import 50 per cent of its produce to Saudi Arabia, UAE and Qatar.
The initial price thought on the bond is in the area of 150 basis points over the equivalent U.S Treasuries.