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Saudi Arabia

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

Queueing, confusion as Saudi amnesty begins

As hundreds queue for documentation to leave the country there have been reports of confusion and misleading rumours in the illegal worker community

Saudi intercepts four missiles fired from Yemen

The missiles were launched towards the cities of Khamis Mushait and Abha

Saudi bank lending growth almost halts in February

Bank lending to the private sector showed year-on-year growth of only 0.3 per cent

Citi applies for capital markets licence in Saudi Arabia

Citigroup plans to return to the country after a roughly 13-year absence

Saudi, Jordan establish $3bn investment company

The country’s also signed draft loan agreements and agreed to study the feasibility of nuclear power in Jordan

Saudi employer dumps workers in the desert to prevent court hearing

The alleged incident saw dozens of workers dropped off 200km from their accomodation

Saudi cuts Aramco income tax ahead of IPO

The company’s tax rate has been cut from 85 per cent to 50 per cent

Saudi lowers income tax rates for producers of oil, hydrocarbons

The tax rate for investments exceeding $100bn will be 50 per cent

Saudi bans poultry imports from Tennessee, Malaysia over bird flu fears

The kingdom has temporarily banned the import of live birds, hatching eggs and chicks

Saudi considers banning taxis from roaming the streets

The plans would see bookings managed through the Wasl smartphone app

Saudi faces $6bn US lawsuit by September 11 insurers

The insurers are seeking more than $2bn in compensatory damages, plus triple and punitive damages

London attacker, who worked in Saudi, not on security radar there

Khalid Masood had been in the kingdom for two one-year periods, when he worked as an English teacher