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Saudi Arabia

Over 2,000 Saudis fighting abroad as part of terrorist groups

Officials confirmed that 73 Saudis are presently detained outside the country on charges related to terrorism

Saudi launches campaign to collect funds for Syrians displaced by war

More than 11 million Syrians – around half of the population – have been displaced by the fighting

Saudi carrier flynas begins flights between Dammam and Abu Dhabi

An Airbus A320 aircraft with business and economy seats will operate the route

Saudi budget likely to raise labour costs for corporates

The introduction of various taxes on expat visas will increase labour costs in the kingdom, says report

Saudi has no immediate plans to tax expat remittances

The kingdom is reportedly discussing plans to impose a tax of between 2 to 6 per cent on remittances

Etisalat, Saudi’s Mobily discuss new alliance after ending management deal

UAE telecom operator Etisalat owns 27.4 per cent of Mobily

Saudi soldier dies in cross-border firing from Yemen

Sultan bin Ayed Farhan Al-Sharari died of injuries on Saturday

Haramain train between Mecca and Madinah to begin operations in 2017

In its first trip, the train will depart from Mecca to Madinah via Jeddah and King Abdullah Economic city in Rabigh

Saudi newspaper says report on 49% Aramco stake sale was wrong

The report claimed Aramco planned to sell 49 per cent of its shares over the next 10 years

Saudi Prince Badr bin Salman bin Saud dies

His funeral prayers will be held on Sunday

Saudi telecom operator Mobily says agreement with Etisalat has ended

Mobily said its management agreement with Etisalat had expired on Friday

Saudi plans to pump $53bn into the private sector to boost diversification

An investment fund will be established to provide the capital

Saudi Aramco plans to sell up to 49% over 10 years

The company is targeting 2018 for what is expected to be the world’s biggest IPO

Zain Saudi in talks to sell mobile towers to TASC and ACWA

The company, 37 per cent-owned by Kuwait’s Zain Group, has been exploring the sale of its towers since as early as January 2015

Saudi Arabia cuts 2016 budget deficit, to boost 2017 spending

Riyadh said it would increase spending to SAR890bn

New bank for Overseas Filipino Workers coming to Saudi

A merger of two state-owned firms will create a new bank for OFWs

Saudi budget to include monthly fee for expats?

Reports suggest the 2017 budget will include a fee for expats working in the kingdom

Saudi budget to boost spending, raise domestic fuel prices

The government is expected to announce its budget deficit fell sharply this year to SAR297bn

Saudi expected to announce budget tomorrow

The budget is expected to include fuel and electricity price increases

Saudi king orders 200 Ministry of Education employees to be reinstated

Many of the workers were dismissed shortly after being hired

Women should be allowed to work as paramedics, opticians – Saudi officials

The government aims to increase the number of women in the workforce by 2020

Saudi extends visit visas for Yemenis

Yemeni expatriates will have their visitor ID cards valid for an additional six months

Contractual dispute sees giant umbrellas in Madinah remain closed

The umbrellas are designed to provide shade to worshippers and pilgrims

Aramco, GE to launch Saudi’s first wind turbine in Jan

The new wind turbine will generate 2.75 megawatts of power at its peak

Saudi Telecom board approves $100m investment in Dubai’s Careem

STC will acquire a 10 per cent stake in ride-hailing app Careem

Syrian arrested in Saudi over pro-Assad Facebook photo

The man reportedly praised the recapture of Aleppo by government forces on Facebook

Saudi to boost the capital of its Industrial Development Fund

The added funding will help finance the kingdom’s entry into new industries

Saudi Aramco says will invest $6-7bn through Nabor and Rowan joint ventures

The new ventures will focus on boosting Saudi Arabia’s domestic capabilities in the oil industry

Saudi’s King Salman acknowledges restructuring measures are ‘painful’

The plunge in oil prices since mid-2014 has pushed Saudi to rein in public spending

Different Arab money

Saudi, Kuwait and Bahrain’s central banks hike rates after Fed move

The riyal and most other Gulf Arab currencies are pegged to the U.S. dollar