Saudi British Bank (SABB), the kingdom's fifth-largest listed lender by assets, posted a 15.2 per cent increase in its second-quarter net profit, it said in a bourse statement on Wednesday, beating analyst forecasts.
Saudi Arabia produced 9.780 million barrels per day (bpd) of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday.
The world's largest oil exporter and Opec heavywe
Saudi Arabia's imports fell an annual 5 per cent in May, the seventh drop in a row, while non-oil exports dropped 5.1 per cent, their first fall since March 2013, data from the Central Department of Statistics and Information showed on Wedne
Saudi Arabian retailer Fawaz Abdulaziz Alhokair proposed doubling its capital through a one-for-one bonus issue, the firm said on Wednesday.
Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom, said
Ascott, one of the world’s largest international serviced residence owner-operator, has inked two major hotel deals - 51-unit Citadines Sari Jeddah and the 135-unit Somerset Corniche Jeddah, to boost its presence in Saudi Arabia.
British regulators have arrested and questioned four former and current employees of an Airbus unit that operates in Saudi Arabia, as part of a probe into allegations of corruption in the country, the Financial Times reported on Tuesday, citing
Bahrain-based Gulf International Bank (GIB) has launched the trial phase of its retail banking services in Saudi Arabia under the brand name, ‘meem.’
The bank aims to provide services to the retail banking sector using
Three mortar bombs landed inside Saudi Arabia on Monday close to its northern border with Iraq, where Islamist militants have grabbed land in a lightning advance, officials said.
The mortars caused no casualties but will stoke sec