The virus has infected close to a thousand people, killing some 360 of them – the vast majority in Saudi Arabia.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.
Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
Exports fell by 362,000 barrels per day from 7.296 million bpd in November 2014.
The Ministry of Labour said that it will set a limit on the number of workers that each firm is permitted to transfer within a year of recruitment.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.
Two civilians died in attacks in Copenhagen on Saturday and five police were wounded.
Benyan replaces Mohammed Al Mady, who was appointed as the president of the country’s military industries corporation.
The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.
The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.
POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.
Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…
The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.
The plant in Jubail will go offline on March 1, the company said in a bourse statement,
It plans to increase its capital to SAR5.72 billion from SAR4.76 billion by issuing one bonus share for every five held.
Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.
A health official said that said that the female nurse was undergoing treatment at the Research Institute for Tropical Medicine.
The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.
Fahad al-Mubarak gave no indication that the government actually planned concrete action.
Okandan, who is also CFO of Mobily’s biggest shareholder, UAE-based Etisalat, took temporary charge in late November.
The airline carried 6.5 million passengers in 2014, almost double the 3.3 million which it carried in 2013.
Charles embarked on a six-day tour of the Middle East this weekend.
Traders attributed the spot market volatility to the plunge of the Saudi stock market, which sank more than 35 per cent between September and mid-December.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.
The Saudi oil ministry has allocated an extra 10 million cubic feed a day (scfd) of ethane from July 1, Kayan said.
Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.
King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.
India topped the survey conducted by Credit Suisse, which included nine global economies.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.