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GE, Saudi’s SAIIC sign $3bn joint deal to support new Saudi vision

The joint venture agreement will help expand the kingdom’s local manufacturing sector

Emaar awards construction contract for project in Jeddah Gate

ACC has won the deal to build the three-tower Emaar Residences project, which includes 283 units

Saudi Aramco, SABIC deny plans to merge petrochems

Media reports had hinted at the possibility of the two companies merging their petrochemicals businesses

Saudi’s first privately run terminal opens at King Khalid International

The terminal has the capacity to handle 12 million passengers annually

Why French navy shipbuilder DCNS is eyeing the GCC

As GCC countries seek to strengthen their defence capabilities, DCNS says it is ready and waiting to sign deals

Former Saudi haj minister appointed IDB’s new head

Bandar Hajjar’s candidacy was endorsed by the Saudi government and the outgoing IDB president Ahmad Mohamed Ali

IMF backs Saudi’s new economic reform plan

Late last month, Saudi announced steps to reduce its dependence on oil exports over the next 15 years

Saudi’s Binladin gets bank loan to ease finance crunch

The amount will reportedly be used to cover redundancy costs for workers it is laying off, back salaries and severance costs

Oil near $50 may support Gulf bourses

Petrochemical shares have given the greatest boost to Riyadh’s index over the last week

US Senate passes bill that will allow 9/11 victims to sue Saudi

Saudi has said it might sell up to $750bn in US securities and other American assets if the bill becomes law

Saudi Shura Council members call for military roles for women

Shura Council members said women could be enrolled in certain areas of the Saudi military

Saudi aims to salvage delayed $10bn financial district

The King Abdullah Financial District remains a construction site more than 10 years after its launch

Saudi’s largest bank eyes overseas expansion

The bank plans to grow its Turkey franchise and expand into Malaysia, Indonesia and Egypt, its chairman said

UAE and Saudi Arabia to form co-ordination council

The two nations agreed to work more closely on matters of mutual interest

Saudi Arabia said to be holding $116.8bn in US debt

The US Treasury Department released information related to its debt for the first time in four decades

Will Saudi’s $2 trillion fund have much clout abroad?

Saudi’s new Public Investment Fund is planned to become “the largest fund in the world by far”

Saudi to create 50,000 outsourcing jobs for women

The scheme has already connected 2,000 women with part-time outsourcing work

Saudi housemaid fees reach $13,300 in the buildup to Ramadan

The black market trade for housemaids flourishes in the buildup to the holy month

US Secretary of State Kerry meets Saudi king to discuss Syria

Talks with Russia, Iran and other countries are slated to take place in Vienna on Tuesday

WhatsApp can officially hide online status, announces rollout of Communities

91% of Saudi’s youth browse internet on mobile phones

Study shows 90.5 per cent of young people in the kingdom believe values and ethics should be promoted on social media

Saudi could make MSCI emerging markets index by 2019

Saudi market authorities recently announced an easing of foreign ownership restrictions

Saudi accuses 32 people of spying for Iran

Moody’s cuts Saudi, Oman, Bahrain debt ratings

The ratings agency downgraded Saudi Arabia’s long-term issuer rating by one notch

Will Saudi raise enough revenues for its new economic reform plan to work?

The kingdom’s plan requires tens of billions of dollars of fresh revenue from the private sector

Saudi Aramco prepares for global expansion as IPO looms

Saudi Arabia is expected to sell up to 5 per cent of Aramco via an IPO

Saudi to transfer Riyadh finance district project to PIF

A new approach to the project was outlined in the Vision 2030 package of economic reforms

Saudi transport committee calls for reduced Saudisation quota

The committee’s chairman said there were not enough workers for companies to reach the current target

Saudi Binladin Group to pay 10,000 workers in May

Earlier this month, workers at the company set fire to buses after more than 50,000 were laid off

Saudi imposes annual tax on undeveloped land

The new tax would be equivalent to 2.5 per cent of the value of the land

Saudi to maintain stable oil policies – new energy minister

Khalid al-Falih replaced veteran oil minister Ali Al Naimi on Saturday

Saudi will continue to support banks despite new law – Fitch

​The kingdom’s bank resolution draft law is unlikely to reduce support for lenders