Home next GCC next Saudi Arabia

Saudi Arabia

Saudi money transfer fees to increase 5%

VAT is being applied to transfers in the kingdom but most other financial services are exempt

Creditors of troubled developer Saudi Binladin receive loan payments

Saudi’s Ministry of Finance paid Binladin SAR6bn last week

Egypt’s President backs Saudi anti-corruption purge

Abdel Fattah al-Sisi also said he was against military strikes on Iran or Hezbollah

Saudi eyes investments in Turkmenistan

The kingdom’s energy minister said Aramco was looking at opportunities in the country

Saudi dismisses rumours of prince’s death

Reports had claimed that Prince Abdulaziz bin Fahd died while resisting arrest as part of the anti-graft drive

Saudi makes further arrests in corruption probe – sources

Many of those held had links to the family of late Crown Prince Sultan bin Abdulaziz

Iran calls missile attack targeting Riyadh ‘reaction’ to Saudi aggression

Saudi intercepted a ballistic missile fired towards the northeast of Riyadh on Saturday night

Four injured after projectiles hit Saudi’s Najran

The Saudi-led coalition shot down a missile fired towards Riyadh on Saturday

Saudi says companies with ties to corruption suspects will not be disrupted

Saudi banks have reportedly frozen more than 1,200 accounts on the central bank’s instructions

US urges Saudi to be ‘fair’ in handling corruption probe prosecutions

Officials said the United States had no advance knowledge of the corruption crackdown

Lebanon’s Hariri leaves Saudi Arabia for UAE trip

Hariri’s resignation has thrust Lebanon back onto the front line of the Middle East’s most biting rivalry

Saudi labour ministry denies reports of increase to dependents fee

The SAR100 a month fee was introduced in July this year

Princes, businessmen detained in Saudi corruption probe are sleeping on the floor – report

Saudi billionaire Prince Alwaleed bin Talal is among those arrested

Saudi Arabia says Lebanon declares war

The Lebanese government would “be dealt with as a government declaring war on Saudi Arabia”, an official said

Trump praises Saudi corruption purge

The endorsement cemented a US-Saudi relationship that has improved dramatically under Trump’s presidency

Four Seasons boss ‘shocked’ at Saudi situation

Saudi billionaire Prince Alwaleed, a major investor in Four Seasons, was detained in a corruption probe

Saudi king meets ex-Lebanon PM Hariri

Hariri announced his resignation on Saturday from Riyadh

Saudi continues to detain businessmen in probe, imposes travel curbs

Nasser bin Aqeel al-Tayyar was reportedly detained in Saudi’s corruption probe

Alwaleed’s Kingdom Holding says has support from Saudi government

Prince Alwaleed has been detained as part of an anti-corruption crackdown

Saudi says Riyadh missile attack ‘dangerous escalation’ of Yemen conflict

The missile was brought down on Saturday evening near King Khaled International Airport

Saudi deputy governor killed in helicopter crash near Yemen

The cause of the crash is not yet known

Four IPOs issued in the GCC in Q3

Proceeds raised from the four IPOs amounted to $140m, down 18 per cent from Q2 2017

Saudi stocks drop after corruption probe detains businessmen, officials

Kingdom Holding, owned by Prince Alwaleed bin Talal, who was one of those detained, plunged 9.9 per cent

Saudi intercepts missile over Riyadh

The missile was destroyed near the King Khaled international airport

Trump pitches New York stock exchange for Saudi Aramco IPO listing

The sale is expected to raise about $100bn, making it the world’s largest IPO ever

Saudi king sacks top ministers, gives more power to crown prince

Saudi has changed the economy minister and the minister of the National Guard

Saudi’s Prince Alwaleed among princes, ex-ministers detained in probe

The arrests come after Saudi created a new anti-corruption committee on Saturday

Saudi to push back balanced budget target to 2023

The kingdom planned to eliminate the budget deficit by 2020

Russia working with Saudi on energy investment, $500bn mega city

Russian companies are looking at sectors such as solar, healthcare, education, AI and port infrastructure

Saudi phone, utility bills to increase 5%

Value added tax will be applied to phone bills in the country