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Saudi Arabia

ICONS Coffee Couture signs franchise deal for 15 branches in Saudi

The brand currently has nine outlets in the UAE

Saudi car rental firms ask for time to prepare for Saudisation of workforce

The Ministry of Labour and Social Development announced last Thursday that all jobs at car rental firms would be restricted to Saudi nationals

Saudi ATMs still not accepting new notes

The new currency to mark the era of King Salman was first made available at the end of December

Trump confirms possible Saudi visit, complains Riyadh not ‘treating US fairly’

The US President said Washington was losing a “tremendous amount of money” defending the kingdom

Saudi aims to reopen cinemas, open opera house – entertainment chief

Cinemas are banned in the kingdom, but concerts have started to be held this year

Riyadh, Abu Dhabi among world’s cheapest cities for international schools

Dubai was found to be the most expensive in the region, according to a new report

Saudi Aramco CEO says oil market rebalancing

Amin Nasser says the oil market is “pointing upward”

80% of Saudi families register for social assistance scheme

The Citizen’s Account is designed to compensate Saudis for the rising cost of living

Saudi foils bombing attempt on Aramco terminal

Yemeni forces reportedly try to to blow up an Aramco fuel terminal in Jazan

Alawwal Bank and SABB mull merger to create Saudi’s third biggest bank

British banks are the biggest shareholders in both lenders

Saudi’s new financial hub struggles with ownership uncertainty

The government said in 2016 it would rescue the project as part of efforts to diversify the oil-reliant economy

Russia beats Saudi as China’s top crude oil supplier in March

Russian shipments grew nearly 1 per cent to 1.104 million barrels per day

Relieved Saudi minister faces 10 years in jail

Khaled Al-Araj was removed from his position as minister of civil affairs on Saturday

Saudi reduces Q1 deficit by more than half

The kingdom has forecast a SAR198bn deficit this year

Saudi launches new plan to ensure workers get wages

It may soon be mandatory for all firms in the kingdom to open bank accounts for their domestic workers

Restored Saudi public sector perks may avert recession

Saudi restored financial allowances for civil servants and military personnel on Saturday

Saudi’s biggest gold mine opens in Mecca

The Al-Duwaihi gold mine is owned and operated by the Saudi Arabian Mining Company (Ma’aden)

Saudi central bank says currency reserves healthy

The trade deficit is expected to drop this year

Hunting party with 26 Qataris, two Saudis freed from hostage in Iraq

Thre men were seized by unidentified gunmen in 2015 while hunting in southern Iraq

Saudi restores civil service and military allowances, replaces two ministers

Saudi King Salman replaced the kingdom’s information and civil service ministers

Saudi to award licences to 15 US firms in May

The licences are expected to be awarded to companies in technology, pharmaceutical and other sectors

Saudi, Kuwait signal likely extension of oil output cut

OPEC sources said an internal assessment was that if they failed to extend the agreement, oil could slide back to $30-$40 a barrel

Only Saudi citizens to be employed at kingdom’s shopping malls

The Saudi retail sector currently employs 1.5 million workers, of whom only 300,000 are Saudis

At least 1 million expats expected to leave Saudi under amnesty campaign

The three-month campaign began on March 29

Trump mulling visit to Saudi Arabia in May – US official

Defense Secretary James Mattis was in Riyadh this week

Saudi’s SABIC mulls potential project with Exxon Mobil in Texas

Both companies are presently carrying out further studies

China gathers state-led consortium for Saudi Aramco IPO

Aramco’s board plans to meet in Shanghai in May, its first meeting in China in seven years

Saudi military helicopter crashes in Yemen, killing 12 officers

The Black Hawk came down in Marib province, east of the Houthi-controlled capital Sanaa

UK general election: What will it mean for trade with the GCC?

UK PM Theresa May has called for a snap general election on June 8

Saudi begins renewable drive with bidding for 300MW solar power project

The kingdom aims to produce 10 per cent of its power from renewable sources in the next six years