The decision follows Egypt’s ban after fears of mad cow disease case.
The credit facility was increased from the 7 billion riyals initial target amount.
The 400,000 barrels per day refinery is due to be fully operational in the third quarter of 2013.
The civil aviation will also allow new carriers in an attempt to spur growth.
The Saudi lender’s issue was around 2.2 times covered by investors.
The telecoms operator covered the costs Zain Saudi owed the U.S. firm.
The 89-year-old king has left hospital after a four-week visit for a back operation.
The contract is to build the third phase of the Jabal Omar development in Mecca.
Volatile oil prices and grey market competition are some of the main challenges that the regional business jet industry faces, says NasJet COO.
As part of the partnership, the car manufacturer will explore the viability of setting up an automotive facility in the Kingdom.
Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.
Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time
Saudi Aramco speaks for the first time about the virus that shut down its internal network.
The 130-room Hilton Garden Inn Riyadh Andalusia will be the mid-tier brand’s third property in the Kingdom
First internationally branded three-star economy hotel in the Kingdom will be followed by many more as main hospitality groups target demand for affordable stays
The telecoms operator faced a two-week ban on SIM card sales over provisioning requirements.
The government has started imposing fees on companies that hire more foreign than local workers.
The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.
The new policy means companies will be fined if less than 50 per cent of their workforce is made up of Saudi nationals.
Sahara India Pariwar completed its purchase of a 75 per cent stake in the Plaza for $575 million.
The Saudi national will take up the role of co-chief exectuive and head of investment.
Power consumption rose by nine per cent in the first half of 2012.
The defense ministry said the jet went down in Saudi waters and that authorities were investigating the cause of the crash.
The contracts will develop an industrial city in the north of KSA as it looks to develop its mining industry.
The plant is expected to require an investment of nearly $400 million.
Each shareholder will receive one new bonus share for every 10 held.
The Kingdom has said that it needs more time to award the winning bids, which were expected to be announced by November-end.
The telecoms operator has postponed the maturity date of the murabaha facility to December 19.
The assistant military attache at the Saudi embassy and his bodyguard were fired upon in their car.
Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.