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The kingdom is the largest economy in the Arab world, and OPEC’s biggest crude producer.
04:55 GMT
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom’s revenue.

December 17, 2014

Bugsy is currently collaborating with lots of artists, both locally and internationally, and in different genres. (Image: Arab News)
11:27 GMT
Ahmad Bugshan talks beats, music production and hip hop in Saudi Arabia!
Alarab will feature expert opinion from renowned guests and never-before-seen social media interaction with its viewers, it said.
04:55 GMT
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), and owner of Alarab News Channel.

December 15, 2014

The policeman was shot dead during a rescue operation to free three hostages. (AFP/File)
11:03 GMT
A gunman holding three laborers hostage in Riyadh shot and killed a policeman Monday during an attempted rescue operation.

December 14, 2014

On Wednesday, Naimi shrugged off suggestions that Saudi Arabia might cut production to reverse the deepest price slump in years.
18:17 GMT
Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said, signalling no change in the kingdom's supply

December 11, 2014

Denmark has confirmed that a citizen was shot and wounded in the Saudi capital, Riyadh, on November 22. (AFP/File)
19:02 GMT
Saudi Arabia’s Interior Ministry says the country has arrested three supporters of the ISIL terrorists for the shooting and injuring of a Danish citizen late November.
Saudi Arabia will stop buying domestically-grown wheat in two years' time and rely completely on imports of the grain
16:56 GMT
By investing tens of billions of dollars, the desert nation's output grew through the 1980s until it ironically became one of the world's largest wheat exporters.
The Ministry of Labor has taken penal action against as many as 707 companies and establishments, which failed to implement a mandatory Wage Protection Program.
16:28 GMT
Abdullah Abu Thunain, deputy minister for inspection and work environment development, said that the punitive measures were taken following raids carried out by inspectors

December 10, 2014

Kimmy is said to be traveling to Saudi Arabia, but fans think there's more to the story than being told! (Image: Facebook)
11:50 GMT
Rumor has it that Kim Kardashian is traveling to Saudi Arabia!!! Shame, her famous booty will have to stay hidden under a thick abaya!
“This represent about 30 percent of the country’s gross domestic product,” the study said.
05:55 GMT
The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis.

December 9, 2014

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
23:10 GMT
Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.
The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
18:18 GMT
The Ministry of Education ordered the closure of 17 international schools and issued warnings to 32 others last year for violating local laws.
Moody’s observed that Bahrain and Oman are likely to finance any increase in fiscal deficits in 2015 through sovereign debt issuance in 2015.
18:11 GMT
The introduction of new taxes — most likely indirect — will be a last resort for GCC governments, which are coming under mounting pressures consequent to plunging oil prices,
The low price scenario is the least favourable to most of the major oil producers but does not represent a catastrophe for the oil industry.
15:34 GMT
Opec, by not cutting production in an over supplied market, is trying to limit the growth of oil which is produced at a higher marginal cost.
The Ministry of Labor has said in an earlier report that there was extremely high staff turnover among women employees in the retail industry.
05:55 GMT
There were over 2,758 job opportunities offered, and only 811 vacancies were filled.

December 8, 2014

King Abdullah bin Abdulaziz is 90 years old. (AFP/File)
17:04 GMT
Saudi Arabia’s King Abdullah bin Abdulaziz has carried out an extensive cabinet reshuffle.
Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT
The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).

December 7, 2014

Saudi Interior Ministry spokesman, Major General Mansour al-Turki. (Photo: AFP)
15:28 GMT
Saudi Arabia has detained 135 people whom it has accused of planning to carry out terrorist activities and destabilizing the country’s security, the Saudi Interior Ministry says.

Saudi Arabia pumps around 9.7 million barrels per day
12:05 GMT
Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.
Oversupply could rise next year when Iraq starts to export more oil because of an agreement between Baghdad and the Kurdish regional government.
04:55 GMT
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010.

December 4, 2014

“The Saudis have conditioned any aid on the implementation of the (deal). The Houthis have to leave before they pay,” a senior Yemeni government official told Reuters.
16:19 GMT
“The Saudis’ approach is that ‘we’ll step back and let Yemen see the consequences of their choice of the Houthis and eventually they’ll come to their senses’.