The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.
The worldwide death toll now stands at 23 as Saudi Arabia reports five new cases.
Earlier this year the kingdom began to crack down on the many foreign workers who violated their visa terms.
Prince Miteb’s promotion bolsters his credentials within the ruling al-Saud family.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The virus, which can cause coughing, fever and pneumonia, emerged in Saudi Arabia last year and has been found in 33 people there, killing 17.
Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years.
The project, estimated to be worth less than $300 million, is due to come online in mid-2016.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
The IMF predicts Saudi’s overall growth to reach 4.4 per cent this year, due partly to an expected decline in oil output.
The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the Kingdom by 2012 total assets.
Ascott is opening up in Riyadh, while the first One & Only Resort and first Staybridge Suites in KSA are opening in Jeddah
Saudi Aramco is estimated to import 8.9 million barrels of diesel in June, up from around 6.7 to 7.5 million barrels in May.
The Kingdom produced 9.136 million bpd of oil in March, 14,000 bpd less than in February.
The company’s financial impact of the shut-down is initially estimated at SAR119 million.
An investigation traced the attacks to hundreds of internet protocol addresses in a number of countries.
The Capital Market Authority announced a series of measures designed to reduce the volatility of shares, make them harder to manipulate and improve the quality of listed companies.
A software engineer claimed that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
The Kingdom plans to sell three mobile virtual network operator licences as part of a plan to liberalise its telecom market.
On Sunday Saudi Arabia said it had had a total of 24 confirmed cases since the disease was identified last year, of whom 15 had died.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.
Veteran emerging markets investor Mark Mobius reveals why he wants to double investments in Saudi Arabia.
The Kingdom is currently investing heavily in building tourism facilities for domestic visitors.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
The total known infections worldwide to have risen to 31, of which 18 have died.