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Saudi Arabia

Saudi ‘optimistic’ about Trump’s stance on Iran and ISIL

Saudi Foreign Minister Adel al-Jubeir said that Saudi’s interests were aligned with those of the US

Former Saudi Oger workers complain of payment delays after September dismissal

Around 1,300 King Fahd Quran Printing Complex staff were terminated in September

Saudi real estate prices fall 8.7% in 2016

Cuts in public spending last year hurt many Saudis’ purchasing power

Saudi’s flynas orders 60 Airbus A320neos, upgrades 20 more

The 80 A320neo order is valued at $8.6bn

Saudi to soon launch $30-50bn renewable energy programme

Riyadh will start the first round of bidding for projects in the next few weeks

Saudi pledges adherence to oil cut

Producers will reassess the situation and extend the agreement if necessary

Nearly 1,500 employees resign from Saudi government jobs in 2016

The resignations coincided with the introduction of new reforms last year that introduced mandatory assessment for employees

Saudi prepares to handover 120,000 homes to citizens

The distribution of units will begin next month and will be completed within three years

Saudi’s top cleric says cinemas, song concerts harmful

Round-the-clock entertainment could open the door to “atheistic or rotten” foreign films and encourage the mixing of the sexes

Saudi businessmen call for new expat dependents, foreign worker fees to be paid monthly

Under the current system, foreign workers will have to pay a new fee for each dependent upfront

Man arrested for killing Saudi college student in Wisconsin

Hussain Saeed Alnahdi, 24, was assaulted in the early morning hours of Oct. 30

Why Saudi Arabia must modernise its social contract

Saudi’s social contract places demands on the kingdom’s infrastructure and impacts its job market

Saudi energy minister still expects Aramco IPO in 2018

Saudi plans to sell up to 5 per cent of the company in what could be the world’s largest IPO

E-commerce site Noon to focus on fashion, will launch large private label

The online shopping platform is set to launch this month

Saudi to cut up to $20bn of projects

The Saudi government has hired PwC to find cost savings, according to reports

Inbreeding costing Saudi millions of riyals – official

Marriage between relatives are still common in the kingdom

India’s Haj pilgrim quota increased by 25%

The new quota follows the lifting of limits imposed due to construction work at Saudi’s holy sites

Saudi’s flynas to buy Airbus aircraft worth $8.6bn

The first batch of aircraft will be received early in 2018

Saudi bourse aims to extend trading settlement time before MSCI review

MSCI will decide in June whether to review Saudi for inclusion in its emerging market index

OPEC+meeting

Saudi Arabia officially names new OPEC governor

Adeeb al-Aama replaces Mohammed al-Madi

Removal of Saudi pilgrim limits to compensate for $16bn of losses – official

Limits were placed on domestic and international pilgrims to undertake expansion work at the kingdom’s holy mosques

Saudi introduces one-day business visa processing

The new electronic system is designed to boost investment in the kingdom

Airbus finalises deal to sell more than 60 jets to Saudi’s flynas

An order for 60 A320neos would be worth $6.4bn at list prices

HSBC to advise Saudi on privatising management of school buildings

Tatweer Buildings aims to begin offering public-private partnerships for school buildings this year

Etihad to launch third daily flight to Riyadh

The new service will be operated with an Airbus A320 aircraft

Lebanon’s Aoun begins two-day Saudi visit

The two-day visit is deemed crucial for enhancing bilateral ties between the two countries

Saudi pushes ahead with plans to turn Taif into summer resort

Makkah governor Prince Khaled Al-Faisal has pushed for work to go ahead

Saudi housemaid recruitment fees to drop by a fifth

Sourcing deals with African countries are expected to lead to a slide in recruitment prices

Saudi telecom operator Mobily appoints new CEO

Ahmed Abdelsalam Abdelrahman will replace Ahmad Farroukh

Saudi bourse to start T+2 settlement in Q2

The move is part of a drive to attract more foreign investment