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Saudi Arabia

Saudi January consumer prices fall 1.9% as deflation returns

Prices had continued to rise throughout 2018 after the introduction of VAT

Professionals in Saudi to see biggest salary hikes in the region this year

Sectors such as IT, manufacturing, logistics, finance, banking and education will see an improvement in the job market

Corruption complaints up 50% in Saudi Arabia

The Saudi National Anti-Corruption Commission received 15,591 reports in 2018, compared to 10,402 the previous year

Saudi prince dies, UAE leaders offer condolences

Funeral prayers for him will be held on Tuesday

Indian state to move planned Saudi Aramco refinery after farmers protest

The $44bn refinery is slated to become the largest in the country

Saudi Crown Prince orders the release of over 2,100 Pakistani prisoners

The move came during Prince Mohammed’s visit to Pakistan

Saudi’s military company eyes $10bn revenue in next five years

Saudi Arabian Military Industries wants exports to account for 30 per cent of its revenue by 2030

Saudi says investigating the death of its student in the US

Al-Barqi was found dead in his apartment on February 1 in San Diego

Saudi denies reports that Crown Prince is planning to buy Manchester United

A media report had claimed that the Saudi royal was offering a hefty bid to acquire the English football club

Saudi Crown Prince begins Asia tour with $20bn Pakistan investment pledge

The crown prince said the $20bn represents only the start of an economic tie-up that would bring the countries closer.

Saudi Arabia signs warship construction deal with France’s Naval Group

Saudi Arabian Military Industries (SAMI) made the announcement at the IDEX military exhibition in Abu Dhabi

Saudi slashes visit visa fee for Pakistanis

The single-entry visit visa fee has been cut from $533 to $90

Saudi shuts part of world’s largest offshore oilfield after power cable cut

The shutdown at Safaniyah occurred about two weeks ago

UN warns of locust outbreak spreading across Saudi Arabia

The outbreak poses a possible threat to crops and food security

Saudi court rejects conglomerate AHAB’s filing under bankruptcy law

Ahmad Hamad Algosaibi and Brothers was the first high-profile company to file for a settlement under the law

Aramco, Total to invest $1bn to develop retail fuel service stations in Saudi

The 50:50 JV will invest the amount over the next six years in the Saudi retail fuel market

Customers of Dubai's Gold AE to launch legal action

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