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Saudi Arabia

Shoura Council to review law allowing Saudi workers to be dismissed

A Shoura committee will review 8,000 requests of alteration and suggestions submitted by the public

At least one killed, 10 injured after Saudi’s Asir region hit by floods

The Saudi Civil Defense said it rescued over 280 people from the region

Saudi to maintain bread subsidies

The kingdom is the highest per capita consumer of bread in the world, according to reports

Jeddah gets set to host Saudi’s first ever Comic Con event

The event will take place from February 16-18

Ministry’s punishment for dismissing Saudis to discourage recruitment

New rules introduced last month freeze recruitment at firms that dismiss Saudi staff without justification

Saudi clamps down on government worker sick leave

Public sector workers will now require a signed document from a doctor for a single sick day off

Saudi’s CMA approves listing of two companies on Saudi parallel bourse

Both offers will be confined to Qualified Investors

Saudi partnership to invest $1.3bn in 100 international schools

The partnership reportedly includes Saudi-American Schools and Abdullah Bin Mohammed Saeedan & Sons

Saudi Aramco inks first oil contract with China’s Huajin

Saudi Aramco will supply Arab Extra Light crude to Huajin

Saudi government approves $24.5bn support for agriculture, water, environment

The government is aiming to achieve 16 strategic goals in line with Vision 2030

Saudi to soon start granting licences for women’s gyms

Licences will be restricted to gyms that focus on weight loss and fitness activities

Iraqi Airways plane evacuated at Jeddah after wheel catches fire while landing

Emergency crews evacuated 356 passengers from the plane

Saudi arrests several terror suspects in Jeddah, Madinah – reports

The raids in Jeddah reportedly lasted two hours and took place in three districts

Saudi Crown prince says ties with US ‘historic and strategic’

His remarks came during CIA director Mike Pompeo’s visit to Riyadh

Saudi sovereign fund is not considering stake in Six Flags

Saudi officials began talks with Six Flags last year to build theme parks in the kingdom

Law firm White & Case advises Saudi Aramco on world’s biggest IPO

The IPO is expected to take place in 2018

Saudi issues deadline for Saudisation of motor insurance sector

The kingdom also Saudised issued new rules for the Saudisation of the mobile shop sector last year

Saudi billionaire Prince Alwaleed’s Al Arab channel closes down

The channel has been unable to find a new base after it was shut down in Bahrain

Saudi hires Jadwa Investment to advise on privatisation of football clubs

Late last year, the government approved plans to turn state-owned sports clubs into private companies

New York’s Moelis selected as advisor for Saudi Aramco IPO

The boutique firm has beaten competition from larger and more established banks, according to reports

Saudi begins tourism jobs push

A new partnership will seek to increase the number of Saudis working in the sector

Man arrested after he tries to set himself alight at Mecca Grand Mosque

Police said the man was in his 40s

Call for closer scrutiny of Pakistanis in Saudi after 39,000 deported

There is growing concern at the involvement of Pakistanis in terrorism and crime, according to Saudi Gazette

Saudi Aramco set to issue its first domestic sukuk

The Islamic bonds will be issued later this year to help fund Aramco’s activities

Saudi introduces new limits on office size for senior government positions

Under the new rules, the offices of heads of government departments can be a maximum of 40 square metres

Credit insurer Coface expects easing in payment delays in Saudi

The number of delayed payments in the kingdom fell by 8 per cent between the first and second quarters of 2016

Saudi’s non-oil private sector improves, jobs growth remains slow

The kingdom’s non-oil firms noted sharp increases in output and new business

Saudi citizens fund registrations reach 1.7 million

The fund is designed to compensate lower earners for cuts to fuel, electricity and water subsidies

Saudi Aramco likely to list on multiple exchanges at same time

The planned listing next year of up to 5 per cent of Aramco is expected to be the world’s biggest IPO

Saudi finance minister says efficiency initiative saves SAR80bn

The ministry has also set up a mechanism to reimburse contractors within 60 days