The 50:50 JV will invest the amount over the next six years in the Saudi retail fuel market
Author: Aarti Nagraj
Saudi gold and jewellery sector hit hard after expat ban
The kingdom banned the employment of expatriates in the sector in December 2017
Pakistan expects 8 investment deals during Saudi prince’s visit
Total Saudi investments in Pakistan could reach $20bn over the next few years
Saudi king launches $8bn in development projects in capital
King Salman announced 360 new projects, and proclaimed another 921 projects already built
Saudi Arabia regrets EU inclusion in dirty-money blacklist
The kingdom said its commitment to combating money laundering and the financing of terrorism is a strategic priority
Saudi Arabia ‘to lift’ Lebanon travel warning, marking warmer ties
Riyadh has repeatedly warned against travel to Lebanon since January 2011
Saudi PIF to boost hiring as it eyes expansion outside Riyadh
The sovereign wealth fund is seeking to open offices in London and in the United States
OPEC cuts oil supply steeply but sees growing headwinds this year
OPEC said its oil output fell almost 800,000 barrels per day in January to 30.81 million bpd
Citigroup sees Saudi, UAE as top Mideast markets for deals this year – executive
The US lender won approval last year to begin investment banking operations in Saudi Arabia
Saudi crude output to fall to 9.8 million bpd in March – Falih
Under the deal reached in December, Saudi Arabia’s target production is 10.311 million bpd
Saudi’s first port to be owned, operated by the private sector officially inaugurated
The King Abdullah port is part of the King Abdullah Economic City (KAEC) in Rabigh
Saudi Aramco and Egypt’s SUMED sign oil deals
The two signed a deal to supply fuel oil storage capacity of 165,000 cubic metres in the Red Sea port of Ain Sokhna
Saudi Crown Prince to embark on Pakistan visit later this week
Deals worth billions are anticipated to be signed during the two-day visit
Saudi Arabia would need oil at $80-$85 a barrel to balance budget – IMF official
Benchmark Brent crude was trading at around $62 a barrel on Monday
New rules announced to curb abuse of camels in Saudi Arabia
The Saudi Camel Club announced the new rules at the King Abdel Aziz Camel Festival
Saudi Crown Prince launches tourism mega-project in Al Ula
The project’s main resort will be designed by Jean Nouvel – the man behind Louvre Abu Dhabi
Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute
Jeff Bezos accused American Media Inc of trying to blackmail him due to political pressures
Saudi appoints new envoys to several nations including UAE, Germany and Japan
Turki Aldakhil, the former general manager of Al Arabiya, has been named as the kingdom’s new ambassador to the UAE
Egyptian stars to perform in Saudi amid entertainment push
Stage shows and music performances will take place in the kingdom as part of agreements between Saudi Arabia and Egypt
Thunderstorm warnings issued across Saudi
The kingdom has been facing adverse weather conditions during the last few weeks
Saudi allocates $3.1bn to help companies with expat fee hikes
Only companies that had a higher or equal number of Saudi employees versus expats will be eligible for the reimbursement or waiver of fees
Saudi’s Haramain rail project to add 8 new trips between Makkah and Madinah
The high-speed rail line began operations in October last year
Saudi Arabia signs entertainment sector deals in London
A number of global theatrical shows such as ‘Thriller’ have been planned
Saudi warns of strict penalties for hiring, sheltering illegal residents
Saudi Arabia has been cracking down on illegal workers and residents