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Saudi to suspend, restructure unfinished projects worth billions of dollars

Many of the projects are relics of a decade-long boom of high oil prices and lavish state spending

UAE’s Al Futtaim Group says plans on for Saudi expansion

The company announced in 2015 that it would quadruple its footprint in the kingdom

US defense chief to visit Saudi, Qatar next week

Jim Mattis will “reaffirm key US military alliances” during the trip

Saudi banks, bin Laden firms face $4.2bn US lawsuit by 9/11 insurers

The defendants are accused in the lawsuit of having “aided and abetted” the attacks

Saudi princess ‘fired’ as editor in chief of Vogue Arabia – report

Deena Aljuhani Abdulaziz was appointed to the role in July 2016

Saudi Shoura Council discusses soft drink, tobacco tax

The tax will cover products deemed harmful to human health

Saudi woman Dina Ali, seeking asylum in Australia, forcibly returned to Riyadh

Dina Ali Lasloom said in self-recorded videos that the Philippine authorities had held her at the Manila airport

Jeddah’s rents fall further after departure of several expatriates

Average rents in the Saudi city were down 8.5 per cent year-on-year in Q1

Saudi’s King Salman, Phillipines’ Duterte oversee signing of cooperation deals

Duterte, who arrived in the kingdom on Monday evening, was on the first leg of a Gulf tour

Oil climbs after reports that Saudi wants output cuts extended

Saudi reportedly wants to extend production cuts enacted in January for another six months

High winds close Saudi Arabia’s Jeddah port

The port was closed due to high winds and reduced visibility

Saudis, oil majors discuss gas investments ahead of giant IPO

Aramco is preparing to reveal in the next few months a new gas strategy

Saudis to be fined for failing to receive housemaids at the airport

Sponsors will be fined for each day they fail to pick up the housemaid

US lawmakers raise doubts on sale of smart bombs to Saudi

Trump has said he wants to clear the way for US arms sales abroad

Ratings firm Fitch gets licence to operate in Saudi

Standard & Poor’s became the first foreign credit agency to obtain such permission last year

Aramco board to meet in Shanghai as it eyes Chinese investors for IPO

The IPO could generate up to $100bn

Saudi finance minister: No income tax for citizens

Saudi companies will not see their profits taxed

Saudi to build massive new ‘entertainment city’ south of Riyadh

The project is expected to break ground in 2018 and open in 2022

Up to 6,000 Pakistanis apply for Saudi amnesty in Jeddah, Madinah alone

The 90-day amnesty period began last week

UK PM, London bourse chief woo Saudi sovereign fund

Theresa May and Xavier Rolet presented an investment overview to the Saudi Public Investment Fund in Riyadh

Saudi Aramco raises $3bn with debut sukuk

The Islamic bond is the oil giant’s first fundraising exercise aimed at diversifying revenue

Saudi amnesty sees more than 3,600 Indians apply to leave the country

The 90-day amnesty is expected to see thousands of visa violators leave the country

Saudi Arabia plans to change oil pricing for European customers

The move is expected to take effect on July 1

UK PM Theresa May to raise ‘hard issues’ with Saudi Arabia

The British Prime Minister is expected to meet Saudi Crown Prince Mohammed bin Nayef in Riyadh

Revealed: Top 10 biggest salaries in Saudi Arabia

Saudi Arabia showed the weakest salary growth across the GCC region

Saudi increases fighter pilots’ salaries by up to 60%

Air force pilots and weapons operators will also receive a 35 per cent pay rise

Britain expresses regret over ‘disturbance’ during Saudi aide’s London visit

A demonstrator reportedly tried to perform a “citizen’s arrest” against Major General Ahmed al-Asseri

Egypt court overturns block on islands transfer to Saudi

A court in January rejected a government plan to transfer the two uninhabited islands to Saudi

Two alleged ‘terrorists’ killed in Saudi’s eastern province

Four suspects have also been also arrested in the raid

Saudi Aramco formally appoints banks to advise on IPO

JPMorgan Chase & Co, Morgan Stanley and HSBC have been appointed as international financial advisers