Riyadh

With an eye on hosting the World Expo 2030 with a $8 bn bid, Saudi Arabian capital Riyadh has put in motion a mega makeover plan with construction work worth $400 bn underway to become a mega city

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding for 9.09 riyals a share, according to a statement on Sunday

Emblazoned with an image of the kingdom's ancient Diriyah fort near the Saudi capital, it reads: "Welcome to Arabia. A Journey You've Never Imagined".

The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices

A drone attack struck an oil installation in Saudi Arabia's capital of Riyadh on Friday, the Saudi state-run news agency reported, igniting a blaze at the facility deep in the kingdom's territory

The attack was the second thwarted attempts reported on Saturday. The coalition destroyed a bomb-laden drone launched towards border city Khamis Mushait in Saudi Arabia

Saudi Arabia plans to increase the residents of Riyadh from 7.5 million to 15-20 million in 2030

Saudi Arabia said Saturday it intercepted an apparent missile or drone attack over its capital, Riyadh

The 2034 event went to Riyadh after a deal was struck between the rival nations

More than six weeks after Saudi Arabia reported its first case, the coronavirus is striking terror into the heart of the kingdom's royal family.

An OPEC source briefed on Saudi oil policy said the scale of the fall in demand might require action beyond the scope OPEC+ could take alone

Responding to a question on the Saudi investment in India, the minister said Armaco is the Gulf Kingdom's number one investment in India.

The Aramco listing is expected to be a major topic at a major investment summit that opened Tuesday in Riyadh

Oil markets are on the way to being re-balanced, says Saudi Arabia's Energy and Industry Minister Khalid Al-Falih