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Saudi Arabia

Revealed: Top 10 companies in Saudi Arabia in 2017

The biggest listed companies in Saudi Arabia by market capitalisation

Saudi banks prepare for riyal coins

The one and two riyal coins will replace paper currency

Saudi Arabia to award heritage contracts worth $375m

The 14 new projects include the establishment of new museums and the rehabilitation of a number of archaeological sites

Egyptian billionaire denounces Saudi corruption crackdown

Naguib Sawiris said influential figures should stand up to Crown Prince Mohammed bin Salman following his crackdown on graft

Saudi Arabia intercepts Yemeni missile, second in a month

The missile was shot down on Thursday near the south-western city of Khamis Mushait

Raytheon to help develop Saudi’s defence industry

The defence giant said it would generate $13bn in revenue and create 1,200 jobs for Saudi Arabia

France’s EDF plans to bid in Saudi Arabia nuclear tender, say sources

Saudi Arabia is considering building 17.6 GW of nuclear-fuelled power generation capacity by 2032

Gold and jewellery shops in Saudi face $5k fines

Shops will be fined SAR20,000 for each expat worker when 100 per cent Saudisation comes into force in December

Saudi prince freed in $1bn settlement, says official

Prince Miteb bin Abdullah is the former head of the elite National Guard and was once seen as a leading contender to the throne

Saudi Arabia studying proposals to protect whistleblowers

Protection is being sought for people who report financial crime, following the government’s anti-corruption crackdown

Thousands of Saudi women apply for workplace support programmes

Two programmes have been developed to help support Saudi women working in the private sector

Foreigners still net sellers of Saudi stocks in wake of corruption crackdown

Foreign investors sold $223m of Saudi stocks in the week through November 23

Military coalition will ‘chase terrorism until it disappears’, says Saudi Crown Prince

Defence ministers, diplomats and leaders from 41 Muslim-majority countries gathered in Riyadh for the inaugural meeting of the anti-terror coalition

Saudi mall IPO hit by corruption crackdown

Fawaz Alhokair Group’s plans for IPO of its Arabian Centres mall unit halted by arrest of its co-founder, according to reports

US backs Saudi ‘first step’ in addressing Yemen crisis

The Saudi-led coalition has said it will allow aid into the country, as well as UN flights to Sanaa

Saudi aims to issue tourist visas next year, official says

A senior official said the move would target people who want to experience “the grandness of this country”

Saudi’s PIF ‘to take over Riyadh financial district’

The first phase of the $10bn business hub is due to open next year

US pressed Saudis to ease Yemen blockade, say sources

The Saudi-led military coalition previously said it would let aid flow through the Yemeni port of Hodeidah and allow UN flights to the capital

Saudi Arabia agrees to buy $7bn in precision munitions from US firms – sources

Raytheon and Boeing are the companies said to be involved in the deal

Saudi receives first payments from detained businessmen, royals

The kingdom has reportedly demanded cash in exchange for the dropping of corruption charges

Saudi opens all-women municipality office

The move is the latest step to encourage women to play a more active role in society

Three killed in Saudi after heavy rains

Flooding was seen across the kingdom’s western province

Agribusiness firms discouraged by Saudi mills sale terms

The grain mills on sale come under the kingdom’s monopoly state grain buyer the Saudi Grains Organisation

Saudi arrests nearly 37,000 in visa crackdown

The kingdom ended an extended amnesty for illegal workers and residents last Wednesday

Saudi officials complete Haramain rail trial from Jeddah to Makkah

The train line is expected to open to the public at the beginning of 2018

Saudi expects to recover up to $100bn from corruption settlements

The kingdom is reportedly demanding assets in exchange for the freedom of individuals arrested under a corruption investigation

Saudi tax authority warns VAT registration deadline approaching

Companies that fail to register will be unable to obtain work permits and residence visas

Saudi driving schools to accept women from March

Many Saudi women are already travelling abroad for driving lessons

Saudi state budget deficit shrinks nearly 10% in Q3

The government is working to eliminate a deficit caused by low oil prices

Saudi to apply 5% tax to fuel

Separately the kingdom is also said to be working on a mechanism for fuel price increases