December 2, 2013
Saudi's Minister of Water and Electricity told reporters Sunday that the government will spend $29 billion (SR 110 billion) on new projects to improve water and power infrastructure
The chief financial officer of Prince Alwaleed bin Talal’s investment vehicle, Kingdom Holding, is to leave the firm, two banking sources aware of the matter said.
December 1, 2013
Saudi Arabia's Monetary Agency released data this week that KSA's foreign assets hit a record high in 2013 as money supply growth reached a 14-month low.
Saudi Prince Saud Bin Abdullah opened a $100 million technology center in Bangalore, India this weekend. The new center, which is part of Saudi Basic Industries Corporation (SABIC), will be used for R&D in sectors ranging from construction and clean energy to electronics and transportation.
November 27, 2013
Leaders of Saudi industrial companies are meeting with French counterparts this week to discuss nuclear supply chain development and collaboration.
November 26, 2013
Saudi Arabia is planning to build the world's largest solar-powered seawater desalination plant in Ras Al Khaimah
Saudi Arabia announced Tuesday that it will build a massive, 43 million square port on its west coast to "lure investment" and "ease pressure on Jeddah."
November 25, 2013
Saudi Arabia cautiously welcome a nuclear deal reached between Iran and world powers, saying "good intentions" could lead to a comprehensive solution".
The government’s correction campaign has pushed land prices down by 30 percent and closed more than 80 percent of unlicensed real estate offices, local media said quoting property experts.
A Saudi Arabian court has sentenced one man to death and 19 to long prison terms over their involvement in a 2004 attack on the US Consulate in Jeddah that killed five employees.
November 24, 2013
Saudi Arabia announced Sunday that it will spend $187 billion over the next 20 years in infrastructure projects.
November 21, 2013
Iraqi Shiite militia commander says his group fired mortar bombs into Saudi Arabia as a "warning message".
Saudi-Chinese trading escalated to $73 billion in 2012, reaffirming KSA's position as the biggest trade partner of the east Asian country for the past ten years.
Six mortar shells landed near an isolated Saudi Arabian border post close to Iraq and Kuwait. It caused no damage, officials said Thursday.
November 20, 2013
Saudi Arabia met with UN representatives at this year's climate change conference to share best practices its green energy programs.