2.5% tax on unused urban land
In a landmark decision to address the growing housing shortage and to make homes more affordable, the Council of Ministers on Monday approved a...
TASI suffers worst monthly drop since October 2008
Most Gulf stock markets fell on Monday, tracking volatile oil prices, while Egypt's bourse jumped after energy major Eni announced a potentially huge natural...
Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
Islam’s pilgrims pray for peace in Muslim countries wracked by war
Millions of Muslim pilgrims congregated at Arafat outside Mecca on Wednesday, many of them praying for peace in the Middle East countries ravaged by...
New SME body ‘will generate jobs for Saudis’
The newly formed Public Authority for Small and Medium Enterprises approved by the Cabinet on Monday will help create jobs for young Saudis and...
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
Iran files complaint with ICJ to recover $2 billion frozen in US
Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen in the United States,...
Vienna update: Saudi and Russia exchanged lists of Syrian opposition groups who should be...
Russia's deputy foreign minister says Russia and Saudi Arabia have exchanged lists of Syrian opposition groups who should be involved in political talks over...
UN-backed Libya government told to leave after Tripoli arrival
The head of Libya's UN-backed unity government arrived Wednesday in Tripoli, but international hopes of a peaceful power handover were dealt a swift blow...
Syrian rebel alliance says Russia must stop bombing FSA
An alliance of Free Syrian Army-related groups in southern Syria said on Monday Russia must stop bombing rebels before they could talk about cooperating...
