The project will be built with Egyptian-Arabtec cooperation at a cost of $40bn.
March 04, 2015 - 19:47 GMT
Housing Ministry asks for higher percentage of residential units than previously agreed, says source.

The exact mechanics of Saudi decision-making have always been obscure, but there is a broad understanding that the king has the final say in a process
March 04, 2015 - 14:12 GMT
Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.
Nike’s Most Wanted in KSA
March 03, 2015 - 23:09 GMT
Nike Most Wanted, a unique global talent search program that gives amateur footballers the opportunity to prove themselves on an elite stage, will be hosted in Riyadh (KSA) this year for the very first time.
Hadi's focus shifted to Saudi Arabia after another venue inside the country for UN-brokered talks was rejected. (AFP/Mohammed Huwais)
March 03, 2015 - 14:43 GMT
Hadi's focus shifted to Saudi Arabia after another venue inside the country for UN-brokered talks was rejected.
Mobily's woes deepened last week when its audited results revealed it made a $243 million loss last year.
March 03, 2015 - 14:38 GMT
Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement.
Many experts, including Al-Bloushi, believe there is a real need to educate people about the nature of work in the currency market and its outcome on investors and dealers.
March 03, 2015 - 09:19 GMT
It’s estimated that around 40 percent of Saudi dealers in the forex market are incurring losses due to their ignorance in currency market tools.
Saudi Arabia’s market, on the other hand, lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
March 03, 2015 - 08:10 GMT
Egypt’s stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon.
Abdul Latif Jameel League logo
March 02, 2015 - 17:25 GMT
Football players born in Saudi Arabia have been given the green light to play for club teams after the Saudi Arabian Football Federation relaxed its rule on expatriates looking for playing opportunities in the local league.
Saudi consul to Aden, Abdullah al-Khalidi (Photo: Screenshot)
March 02, 2015 - 12:42 GMT
A Saudi diplomat was released after spending three years as an al-Qaeda hostage in Yemen.
The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.

March 01, 2015 - 17:50 GMT
The government’s reserves and deposits with the Saudi Arabian Monetary Agency (SAMA) dropped at the end of January to SR1.39 trillion ($ 37 billion), the lowest level in 21 months.

Egypt's president is expected to meet with Saudi's new king. (Al Bawaba/File)
March 01, 2015 - 13:59 GMT
Egypt's President Abdel-Fattah El-Sisi will meet with Saudi Arabia's new king in Riyadh on a scheduled visit.