Gross domestic product, adjusted for inflation, grew 2.4 per cent from a year earlier in the first quarter
Prince Alwaleed said some of the donated wealth will include his personal stake in his investment firm Kingdom Holding
Virgin Mobile said the investment would be used to grow its regional operations
Assets dropped by 8.1 per cent from a year earlier to their lowest level since April 2013, central bank data showed
Mobily shares have been suspended since June, when the market regulator halted trading until the operator disclosed the financial impact of an investigation into its accounts.
The Saudi Arabian company had already received SAR 250m from Arabian Shield Cooperative Insurance Co in late March
The company made the statement after a team appointed by the Capital Market Authority identified concerns over Mobily’s contracts with customers
Talks in Geneva last week ended without a resolution to the conflict, which has claimed more than 2,800 lives
Aeroports de Paris, insurer AXA and construction group Eiffage are among the companies in the consortium led by France’s Caisse des Depots (CDC).
Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.
The countries set up a joint committee in May to finalise some 20 projects across sectors ranging from defence to transport infrastructure
The refinery is now processing crude at full capacity of 400,000 barrels per day
The kingdom fell behind Nigeria for Indian supplies and lost out to Russia and Angola for crude supplies to China
Dubai-based International Airfinance Corporation will buy the aircraft and lease them to Saudi Arabian Airlines
Luksar is a joint venture between Aramco and Russia’s Lukoil
The new midscale property is the French group’s fifth hotel in Riyadh
His comedy show ‘Selfie’ which debuted last week on MBC, has won praise for daring to mock the hardline militant group
The refinery, which started operating in 1967, serves much of the country’s western region
Both countries have recorded growth in new business orders and have seen a rise in output, a report says
No details have been disclosed as yet about where or when the joint investments would be made
The King Abdullah City for Atomic and Renewable Energy announced the cooperation deal on its website
Exports fell to 7.737 million bpd from 7.898 million in March when they hit their highest levels in almost a decade
WikiLeaks published more than 60,000 documents on Friday it says are secret Saudi diplomatic communications
A total of 2,284 Saudis have joined militant groups in Syria since the conflict began in 2011
The talks follow OPEC’s meeting on June 5 in which the group kept its output policy unchanged
The police chief said the seizure was made possible by information arising from the capture in May of a vehicle containing similar explosives
Ahmad bin Abdelaziz Al-Fares replaces Abdulrahman bin Saleh Al-Ruwatie, who was the acting director-general of the GSFMO.
Two Saudis, named al-Mutairi and al-Khaledi, were reportedly killed
The Prince and Forbes have been embroiled in a dispute ever since the magazine’s annual billionaires list was published in 2013
Saudi’s market regulator has said foreign institutions can buy stocks directly from June 15, but it has not so far announced the award of any licences