Many of the large oil-producing nations such as Saudi Arabia, Kuwait and Venezuela have squandered their chance to build strong and sustainable economies on the proceeds of high oil prices, a leading energy analyst has warned.
Saudi Arabia's biggest lender is gearing up for what is expected to be this year's second-biggest IPO - and possibly the most controversial.
International banks retreating from the Middle East cleared the way for Arab lenders to take over as the region’s biggest dealmakers in the first half.
Banque SYZ & CO has announced the opening of a representative office in Dubai.
Barclays did not make any 'illegal payment' to win a banking license in Saudi Arabia, the bank said in a statement in response to a newspaper report last week that said U.S. authorities were looking at whether improper payments were made
Khalid Ali-M Aldawsari, 22, a citizen of Saudi Arabia and resident of Lubbock, Texas, was sentenced Tuesday by U.S. District Judge Donald E. Walter in federal court in Amarillo, Texas, to life in prison.
A women-only industrial city dedicated to female workers is to be constructed in Saudi Arabia to provide a working environment that is in line with the kingdom's strict customs.
Nomura has announced the appointment of Khaled AlKhattaf as Chief Executive Officer for Saudi Arabia.