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Saudi Arabia

Saudi prince to meet Obama as he promotes his reform plan in the US

Mohammed bin Salman’s visit is also aimed at restoring frayed ties with Washington

Saudi retailer Alhokair approves sale of Spain’s Blanco

Alhokair’s board approved the sale of the firm’s investment in Blanco for $93m

Saudi cabinet approves land tax, foreign investment rules

Foreign investors will be able to own 100 per cent of retail and wholesale businesses

UAE, Saudi condemn deadly terror attack in Orlando

The attack at the Pulse club on Sunday left 49 people dead

Saudi Arabia implements strict anti-smoking laws

The kingdom bans smoking in public areas and regulates tobacco sale

Saudi Electricity invites global bids for two solar plants

Each plant will generate up to 50MW using photovoltaic technology

Riyadh Metro project now 36% complete

Tunneling excavation work completed on the $2.27bn Green line

New SaudiGulf airline gets licence to begin domestic flights

The new airline will be awarded a national carrier licence on June 22

Saudi may begin privatising postal system by 2017

Authorities are still studying how much of Saudi Postal would be sold

Landmark Saudi bond takes step forward

The kingdom is expected to raise at least $10bn as it seeks to tackle its burgeoning fiscal deficit

Saudi Arabia seeks partners to build 1.5 million homes

Saudi government offers property developers partnership deals to address a shortage of affordable housing

Final rules due on Saudi Arabia’s undeveloped land tax

The tax will be equivalent to 2.5 per cent of the value of the land held

IMF warns GCC governments to up deficit reduction measures

The fund said an additional substantial deficit reduction effort is required in the region

Starwood to open two new hotels in Riyadh

The properties will be located close to the King Abdullah Financial District

UAE and Saudi Arabia among world’s most attractive retail markets

The two countries are among the top markets for new retail development, according to the consultancy A.T. Kearney

World Bank lowers GCC growth forecasts

The organisation pulled back its growth predictions due to lower than expected oil prices

Expat income tax just a ‘proposal’ – Saudi finance minister

Untaxed salaries are deemed to be one of the country’s main attractions for foreign workers

Saudi Vision 2030 aims to double tourism sector by 2020

Vision aims to boost sector by 18 per cent over the next 14 years

Saudi grants 50 women the right to travel without a male guardian

It is generally considered illegal for women to travel alone in the conservative kingdom

Saudi professor: ‘Arab tribes found America, not Columbus’

Riyadh-based academic believes rock engravings in Colorado prove Arabs reached America first

Saudi to triple non-oil revenue under National Transformation Plan

Key elements of the NTP, including 500 projects and initiatives, were revealed yesterday

UN removes Saudi coalition from child rights blacklist

The move comes after protests from GCC countries, with a review of cases due to take place

Saudi National Transformation Plan to be revealed

A detailed outline of the kingdom’s economic reforms is expected to be revealed this week

Nationalisation drive sees 50% of Saudi mobile shops up for sale

Companies in the industry must ensure half of their workforce is Saudi by Ramadan and 100 per cent by early September

Saudi Central Bank bans betting against riyal peg

Kingdom’s stock market fell sharply on Sunday ahead of sweeping reforms

Saudi calls on Muslims to sight Ramadan crescent moon on Sunday

The first day of the holy month is expected to begin on Monday

Saudi Binladin Group selling off property, other assets to pay workers

Workers reportedly protested outside Saudi Binladin’s offices again this week following non-payment of their dues

Saudi Arabia invests $3.5bn in Uber

The kingdom’s Public Investment Fund contributed the lion’s share of the tech companies recent $5bn funding round

Aramco, GE and Cividale reveal $400m Saudi manufacturing plant

To be operational in 2020, the facility will create 2,000 jobs in the kingdom

Saudi eyes $15bn of bond sales in 2016, post-Ramadan issue

The kingdom is said to have been encouraged by Qatar’s record issue last week