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Saudi Arabia

Dubai billionaire offers to hire 3,000 laid-off Indian workers in Saudi

Ravi Pillai made the offer following reports that thousands of workers in Saudi are facing a ‘food crisis’

Indian minister visits Saudi to repatriate 10,000 stranded workers

Indian officials said employers had not paid the workers’ wages and that they now faced a food crisis

Saudi princess to lead new women’s sports initiative

Appointment of Princess Reema bint Bandar bin Sultan comes days ahead of the Rio Olympic Games, where four Saudi women will compete

Saudi prepares rules for real estate funds amid housing push

Saudi Arabia aims to build 1.5 million homes over the next seven or eight years

Heritage hotel planned for Saudi UNESCO site Ad’Diriyah

The property will aim to imitate the design of the site’s mud buildings

Calls for return to Hijri calendar in Saudi over lost pay

Workers lose 15 days of pay each year under the current system, an analyst has claimed

Saudi appoints first female commercial judge

No woman has previously been appointed in any ministry judicial role

Saudi plans $1.1bn fund for smaller companies

The fund will invest in venture capital operations

Qatar’s Barwa Real Estate buys land for $175.8m in Saudi

The deal is part of Barwa’s plan to explore potential real estate investment opportunities in the kingdom

Saudi approves $336m of projects in Jubail and Yanbu

The projects include commercial centres, hotels and residential buildings

Seven Saudi troops, many Houthis killed near Yemen border

The UN-sponsored negotiations had been on the verge of collapse after a new row erupted last week

India to bring back workers facing ‘food crisis’ in Saudi

The workers are unable to afford meals after being laid off from their jobs

Saudi to compare expat remittances to earnings

The new mechanism could potentially impact millions of expats who live and work in the kingdom

Saudi billionaire Prince Alwaleed’s Kingdom posts 22% Q2 profit drop

The firm attributed the profit drop to lower income from associates and joint ventures

Saudi Aramco’s clean fuels project receives foreign bids

The $2bn-plus scheme will remove sulphur from refined oil products

Saudi grooms told verbal approval required from bride to marry

The country’s justice minister has warned verbal approval is required under Shariah law

Saudi may loosen stock foreign ownership limit in 2016

New regulation lowering requirements on foreign investors and allowing them to own larger stakes was expected in 2017

Saudi Aramco appoints new CEO for trading arm

Ibrahim al-Buainain replaces Yasser Mufti, who was named executive director of new business development in June

Nepali billionaire to open ‘Wai Wai’ noodles factory in Saudi

The factory will have an annual production of 120 million packets in the first phase

Saudi’s SABIC mulling JV with Exxon Mobil affiliate

The project will be on the United States’ Gulf Coast, possibly in Texas or Louisiana

Five Saudi border guards killed in clashes in south

A statement said the border guards detected attempts by “hostile” armed groups to cross the border

Expats barred from buying property in Riyadh, Makkah, Madinah

Saudi’s Shoura Council said the decision was aimed at preventing harm against the holy cities and preserving local investment

Saudi’s Algosaibi signs deal on drawn-out restructuring

The company has around $6bn of claims against it collapsed in 2009

Saudi real estate market hit by white land tax

Real estate experts suggest prices need to decline for sales activity to pick up

Saudi’s Tadawul opening: How will executive pay be impacted?

The opening up of the Saudi stock market to qualified foreign investors presents some potentially interesting challenges

Saudi Arabia regains spot as top crude supplier to China

China imported 4.569 million tonnes of crude from the kingdom in June

Saudi workers deserve more than 5% pay rise – official

The president of the kingdom’s union of labour committees has argued Saudi workers deserve a significant pay rise

$80 fine for Saudi motorists caught playing Pokemon Go

“Playing Pokemon will distract the driver who may hurt himself, other motorists and pedestrians,” an official has warned

Saudi Aramco signs contracts to build $13.3bn Fadhili gas project

The plan for Fadhili includes a 1,500-megawatt power plant

Saudi’s Binladin appears to have dodged financial collapse, but what next?

Facing a severe cash squeeze, it has been forced to halt work at a string of projects and lay off thousands of staff