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Saudi Arabia

UAE, Bahrain follow US move to raise interest rates

The US Federal Reserve Board decided to hike rates by 25 basis points

Riyadh Metro to boost real estate activity in Saudi capital

The metro project is slated to begin operations next year

Foreign investment in Saudi more than doubled in 2018

Five sectors of the Saudi economy are prepared for privatisation in the first quarter of 2019

Saudi minister: No plan to change expat fee policy

The private sector has lobbied for the fee rises to be delayed

Saudi warns of fines, suspension for firms that fail to provide health insurance

All private sector companies are required to provide health insurance to their Saudi and expat employees as well as their dependants

Saudi social media users call for boycott of Turkish products

A number of hashtags call for Saudi consumers to reject Turkish products

Saudi boosts spending in 2019 budget to spur sluggish economy

Spending is projected to rise to SAR1.106 trillion ($295bn) next year

Saudi to open e-visa service to tourists

The system was successfully tested during last weekend’s Formula E event outside Riyadh

Saudi King orders extension of ‘cost of living allowance’ for another year

The allowance is given to state employees, military personnel, retirees and students to offset rising costs

Over 900 ex-govt staff still have official power after being fired – Saudi anti-corruption body

Serious violations were discovered by Nazaha in a number of government departments

Saudi officials warn of thunderstorms, rainfall in Hail

Residents have been urged to stay away from valleys and streams

Saudi limits 41 job roles to its citizens in Madinah

The ruling covers NGOs, as well as jobs in the retail, hospitality and tourism sectors

‘World’s first’ women-only trampoline park opens in Saudi

For safety reasons, traditional Islamic headdress the abaya cannot be worn while jumping

Saudi rejects US Senate position on Khashoggi, Yemen

The US Senate’s position was based upon “unsubstantiated claims and allegations”, says kingdom

Saudi telecom operators agree annual royalty fees

The agreement will involve an annual royalty of 10 per cent of net revenue from telecommunications services starting from Jan 1, 2018

Pictures: Saudi, Abu Dhabi crown princes watch kingdom’s first Formula E race

The ABB FIA Formula E Championship race took place over three days in the ancient city of Ad Diriyah

Saudi pledges Tunisia financial aid of about $830m

Tunisia is struggling to cut its budget deficit and stabilise falling foreign currency reserves

Saudi says mega Red Sea project ‘on track’ to complete phase 1 in 2022

The project is expected to add over $5.86bn to the kingdom’s GDP when complete

Everything you need to know about the Saudi Formula E race this weekend

The electric racing series is coming to Riyadh for the first time this weekend, with what promises to be an exciting lineup of races and concerts

Saudi inspectors find over 150 violations ahead of VAT deadline

Businesses with annual revenue exceeding SAR375,000 must register for VAT by next week

Saudi Arabia seeks new political bloc in strategic Red Sea region

Representatives from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan gathered in Riyadh on Wednesday

Fitch says Khashoggi killing unlikely to affect Saudi rating

Yields on Saudi bonds have risen since early October

Saudi workplace harassment charter calls for no gender mixing, personal discussions

The 12-point charter considers harassment any action, deed, word or sign with sexual implications harassment

Trump says standing by Saudi crown prince despite pleas from Senate

Trump said he could abide by legislation ending US support for the Saudi-led war effort in Yemen

Saudi warns VAT deadline for businesses with SAR375,000+ in revenue fast approaching

The kingdom only applied the tax to firms with more than SAR1m in revenue during its first year

Pictures: Saudi crown prince launches King Salman Energy Park

The first phase is expected to cost SAR6bn

Saudi reviews fees on foreign workers after exodus

More than half a million expats left the kingdom’s workforce in the first half of 2018

Saudi foreign minister rules out extraditing suspects in Khashoggi case

Turkish officials have requested the extradition of people they say were involved in the killing

Saudi crown prince to inaugurate King Salman Energy Park

The zone will be developed and managed by oil giant Saudi Aramco

Saudi’s Saad Group and creditors select advisers in bid to resolve debt dispute

An auction of real estate assets owned by Saad’s owner, billionaire Maan al-Sanea, started on December 2