RIYADH: Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammad bin Salman’s grand plan to wean the...
RIYADH: Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner...
RIYADH: Saudi Arabia Saturday named a prominent businessman as labor minister in a move welcomed by the private sector, as the kingdom seeks to diversify the...
RIYADH: Saudi Arabia’s Crown Prince Mohammad bin Salman wants to build a mega-city with the latest robotics under his grand plan to reform the kingdom....
RIYADH/DUBAI: The Saudi government is expected to take a 35-percent stake in construction giant Saudi Binladin Group as part of a financial settlement with...
RIYADH: Saudi Arabia’s government has set aside 100 billion riyals ($26.7 billion) to pay debts that it owes to private sector companies after payment delays...
RIYADH: Saudi Arabia has avoided an economic crisis due to low oil prices this year but the outlook for state finances and growth will remain murky for many...
RIYADH/KHOBAR: A cartoon widely circulated in Saudi Arabia on Twitter last month showed three old men in traditional robes, named Unemployment, Prices and...
CAIRO/RIYADH: Egypt’s efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the reach of the...
Saudi Arabians are anticipating with hope, doubt and worry the release this week of a government plan to liberate the kingdom from its reliance on oil, which...
RIYADH/KHOBAR: Mobarak Musa, a mobile telephone salesman from Syria, has spent 10 years working in Saudi Arabia, sending part of his wages back home to...
RIYADH: Saudi Arabia’s construction industry faces difficult times ahead as the prospect of state budget cuts adds to painful labor reforms, according to...
RIYADH: Saudi Arabia appointed a housing minister with a background as a real estate developer Monday, strengthening a trend toward giving top government jobs...
RIYADH/DUBAI: Saudi Arabian real estate shares tumbled Tuesday after the Cabinet approved a proposal to tax undeveloped land in urban areas – a policy that...
RIYADH/KHOBAR, Saudi Arabia: Several of Saudi Arabia’s largest listed companies said Monday they would pay out hundreds of millions of dollars in bonuses,...
NEW DELHI/DUBAI/RIYADH: India is pressing rich countries in the Gulf to raise the wages of millions of Indians working there, in a drive that could secure it...
RIYADH: Saudi Arabia is changing tack in its labor reforms, softening the blow to companies with money for subsidies and training while trying to lure Saudis...
RIYADH/DUBAI: Seventy-year-old Saudi Arabian stock speculator Mohammad al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he’s...
RIYADH: Saudi Arabia’s government has launched a new scheme to provide housing aid to its citizens, in the hope of ending a shortage of homes which has...
RIYADH/KHOBAR, Saudi Arabia: Saudi Arabia’s government plans to sell a 15 percent stake in National Commercial Bank (NCB), the country’s largest lender by...
RIYADH/DUBAI: Stock market listings planned by two of Saudi Arabia’s biggest private hospital operators point to a boom in its health care industry, as...
RIYADH: Saudi Arabia plans to spend about 3 billion riyals ($800 million) acquiring land in Riyadh to build the capital’s first metro rail system, the...
RIYADH/DUBAI: A $22.5 billion plan to build Riyadh’s first metro rail system aims to more than improve the quality of life in the congested Saudi...
RIYADH: The Saudi Arabian government awarded $22.5 billion in contracts to three foreign-led consortia Sunday for the design and construction of the first...
RIYADH: Saudi Arabia will take new steps, including jail terms for small business owners and the hiring of 1,000 inspectors, to crack down on foreigners...