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Saudi Arabia

Why Saudi’s family businesses need to focus on succession planning

Family businesses need to have a solid family constitution and corporate governance framework in place

Five key skills needed to work in start-ups in the MENA region

With the region encouraging entrepreneurship, more jobs are expected to be available for graduates in start-ups

Saudi Aramco shifts strategy in China to boost oil sales

The state-oil company is reportedly seeking new buyers, including smaller, independently run refiners

Akon, Pitbull among singers confirmed for concerts in Saudi this month

The Sharqiah season, running from March 14-30, will see cultural events across the Eastern Province

Ethiopian Airlines crash: Saudi victim’s body not yet located

The Saudi national was among the 157 people who died when the Ethiopian Airlines flight crashed on Sunday

Saudi firm AHAB files for financial restructuring under new bankruptcy law

Creditors have been pursuing AHAB and Saad Group since they defaulted on about $22bn in combined debt in 2009

Saudi Real Estate Refinance Co issues $200m sukuk

SRC, a wholly owned subsidiary of the kingdom’s sovereign wealth fund PIF, aims to accelerate housing construction

Saudi women’s rights activists stand trial in criminal court

Loujain al-Hathloul, Aziza al-Yousef, Eman al-Nafjan and Hatoon Al-Fassi are among around 10 women appearing before the court

Asian football body AFC cancels beIN Sports’ broadcast rights in Saudi

The Asian Football Confederation said it will live-stream matches played by Saudi teams on Facebook and YouTube

Saudi prince passes away

The royal court said the funeral prayer for Prince Faisal will be held on Tuesday

Saudi reveals plans for second entertainment hub in Riyadh

It will include a variety of “carefully selected recreational facilities” along with restaurants and event spaces

Saudi wealth fund PIF establishes helicopter operator

The company will offer private air transport within the country’s major cities

Saudi Arabia to cut oil exports in April

Oil prices have been supported this year by output cuts

Saudi Aramco’s board to meet to approve SABIC bond plan

The deal is expected to involve the purchase of all or nearly all of the 70 per cent stake in SABIC held by the Public Investment Fund

Saudi clarifies holiday entitlement for private sector employees

Private sector employees in the kingdom receive four days off for each of the Eid holidays and leave for paternity

Saudi national among 157 people killed in Ethiopian Airlines crash

The 149 passengers and eight crew members belonged to 35 nationalities

Saudi’s Falih says no oil output policy change until June

The OPEC+ alliance will meet in Vienna on April 17-18, with another gathering scheduled for June 25-26

Saudi says no current plans to raise Islamic tax for private sector

A media report suggested that the kingdom was considering raising zakat to 20 per cent from the current 10 per cent

Saudi court approves detained tycoon Sanea’s bankruptcy filing

Creditors have spent 10 years pursuing Maan Al Sanea and his company Saad for claims estimated to be between $11bn and $16bn

Saudi’s Falih: US, China driving oil demand; no April OPEC policy change

The oil minister said total global oil demand is set to grow by around 1.5 million barrels per day

Saudis shoot down drone aimed at kingdom, civilians injured

The drone had been heading towards residential areas in Abha

Bangladesh eyes $35bn in Saudi investment

Ties between Bangladesh and Saudi Arabia have strengthened in recent years

EU states reject blacklisting Saudi, others over dirty money

Officials said the proposed list “was not established in a transparent and resilient process”

Saudia to resume flights to Athens after over 10 years, to start Marrakesh route

Both the routes will begin in early June

Saudi energy minister reiterates Aramco IPO will happen in two years

Falih had said in January that the state oil giant will be listed by 2021

Saudi mulls granting visa-free access to visitors from certain nations

Last week, Saudi Arabia’s cabinet approved electronic visas for foreign visitors to attend sporting events and concerts

Saudi Aramco seeks to overhaul engines, fuel amid EV hype

Aramco is working on gasoline compression ignition which mixes fuel and air more effectively prior to combustion

Saudi sees up to $21bn investment in 2019 housing sector

Minister says he hopes to raise home ownership to 15,000 new households per month by 2020

Saudi telecoms firm STC, Huawei complete indoor 5G test

Regional telecoms companies have been regularly conducting 5G trials

Saudi Arabia awards seventh cinema license

Local company Next Generation aims to open six cinemas with a total of 50 screen by the end of 2019