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Saudi Arabia

IIF forecasts Saudi economy will contract this year

The organisation said deep structural reforms would be needed to prepare the Saudi workforce for the private sector

Saudi issues August deadline for VAT registration

Businesses will have until later this month to register for the tax

Saudi Arabia favours New York for Aramco listing despite risks

A final decision will be taken by Crown Prince Mohammad bin Salman

Saudi receives over 447,300 haj pilgrims, says no health concerns

There have been no recorded cases of epidemics or quarantine diseases among pilgrims so far

Saudi’s five largest banks could face profitability pressures – Moody’s

Profitability will mainly be affected in 2018 due to lower government spending

Saudi universities to only hire foreigners as last resort

The kingdom is pressing ahead with plans to limit recruitment in some sectors to Saudi nationals only

Saudi security forces flatten old quarter of Awamiya in eastern region

The small town has been the centre of protests in recent months

Saudi to allow 100% foreign ownership of engineering firms – report

Saudi already allows foreign investors to 100 per cent own retail and wholesale firms

Saudi to privatise airports this year

The kingdom is aiming to make its airport operations profitable

HSBC to add staff in Saudi as kingdom adopts Vision 2030 agenda

The programme has created “fantastic” opportunities for its Saudi operations, says regional HSBC chief

Iraqi oil minister visits Saudi to discuss joint cooperation

Jabar al-Luaibi will meet his counterpart Khalid al-Falih to discuss oil market developments

Saudi prince passes away

A funeral prayer for the deceased will be held in Riyadh

Iran denies oil discount rumours

Saudi cuts Sept crude supplies to most Asian buyers by up to 10%

The cuts come as Saudi complies with the oil producers’ deal to cut output

Saudi minister says kingdom will not cover cost of private education

The kingdom has cut scholarships for students attending private universities within Saudi Arabia

Saudi to press ahead with $7bn Jeddah-Riyadh rail line within a year

The government had previously attempted to build the line in 2011

Saudi billionaire Prince Alwaleed to invest about $800m in Egypt

Alwaleed’s investment will include establishing two new hotels

App made by Saudi developer, Sarahah, tops global charts

The anonymous messaging service was launched as an app in June

Saudi denies increase to work permit fee for foreigners

Reports last year suggested the kingdom could double the existing fee by 2018

Saudi security forces kill one terrorist, capture two others

The names of the men were not revealed by the kingdom’s Interior Ministry

Saudi pushes ahead with plans to prevent foreigners from working in women’s shops

All shops selling ‘women’s necessities’ will soon only be able to employ Saudi women

Saudi unveils $2.1bn plan for Taif tourism development

The private sector is expected to provide nearly 90 per cent of the funds for the project

Saudi to pay two state firms $1.14bn for broadband rollout

Fibre optic broadband will be rolled out to two million locations

Uber signs agreement with Riyadh Airports

Uber will have three dedicated areas at Riyadh International Airport

Saudi halts operations of one million firms for breaching Saudisation laws

The kingdom is expected to introduce even stricter requirements for employing Saudis from next month

Saudi Shoura member calls for 20% tax on investments abroad

Fahd bin Jumaa said the measure would offset the exit of Saudi capital

Saudi seeks to end 25 US lawsuits over September 11 attacks

The kingdom said plaintiffs could not show that any Saudi official, employee or agent planned or carried out the attacks

Saudi unveils major Maldives-inspired tourism project on the Red Sea

The project will see the development of resorts on more than 50 natural Red Sea islands

Saudi considers oil-price linked royalty for Aramco – report

The proposal would see Aramco pay higher royalties if oil prices rise

Struggling construction firm Saudi Oger shuts down – report

The company, owned by the family of Lebanese Prime Minister Saad al-Hariri, closed after 39 years in operation

Calls for internationalisation of holy sites ‘a declaration of war’ – Saudi

Saudi foreign minister responds to statements reportedly made by Qatar