Saudi has seen a rise in Houthi drone attacks in the past few months
Over 1.6 million pilgrims have already arrived in the kingdom to perform Hajj
The drop came despite a 2.5 per cent rise in operating income
Fines will also be levied on companies that make their staff work for more than eight hours a day
Women over the age of 21 no longer need permission from their male guardian to travel
Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said
Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index up almost 15 per cent so far
The 30-day festival runs throughout August and features more than 70 events
The crescent moon will mark the start of the Islamic month of Dhu Al Hijjah
The Federal Reserve lowered US interest rates for the first time in over a decade
The move is the latest in state efforts to restructure the construction giant
The bank reported a net profit of SAR2.69bn in the quarter ended June 30
The financial grant is part of a package with the UAE worth $500m announced in April
Maersk currently has shipping services to the ports of Jeddah, King Abdullah, Dammam and Jubail
The kingdom has implemented a strict Saudisation policy in several sectors
Prince Bandar was the tenth son of Saudi’s first ruler King Abdulaziz Al Saud
The sale is one of the first privatisations the kingdom is planning
The ban will cover hospitals, government departments, schools and public transport in the Netherlands
The results came after Swiss firm Clariant, in which SABIC owns a 25 per cent stake, announced a loss for the first half of the year
Oil importers “have to do what they have to do to protect their own energy shipments”, said Saudi energy minister
Saudi Arabia’s energy minister Khalid al-Falih said he was ‘optimistic’ that a deal between the two companies would work out
PIF raised $11bn through a five-year loan last year and is in advanced talks to borrow $10bn more
About 20 per cent of global oil supply is transported daily through the Strait of Hormuz
The firms have been working to combine Clariant’s additives and specialty masterbatches businesses with parts of SABIC’s operations
The two countries halted output from the jointly run oilfields – Khafji and Wafra – more than four years ago
Iran said on Friday it had seized Britain’s Stena Impero tanker, which had been heading to a port in Saudi Arabia
A study will look at developing a 35km hyperloop test and certification track in King Abdullah Economic City
The Houthis have stepped up their attacks against targets in Saudi Arabia in the past few months
The high-speed rail line will now carry out a total of 64 trips per week
Aramco plans what would be the world’s biggest stock market listing in 2020 or 2021