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Gulf Business gears up for debut Saudi summit on 3 September

The discussions will cover key themes relevant to any business aiming to operate or expand within Saudi Arabia

Firms accused of exploiting labour laws after cutting Saudi staff

Experts argued companies should seek merger and other options rather than retrenching Saudi employees

Saudi Shoura Council rejects proposal to tax expat remittances

The proposal included a 6 per cent tax on expat remittances

UAE mid-level managers paid an average of $95,120 per year – report

Saudi Arabia was found to have the second highest gross salaries in the MEA region

Saudi warns on cyber defense as Shamoon virus resurfaces

The labour ministry said it had been attacked and a chemicals firm reported a network disruption

Saudi businessman Sheikh Adel Aujan passes away

The chairman of Aujan Group Holding, Sheikh Adel was part of the company for 48 years

Saudi accuses 32 people of spying for Iran

Saudi inflation plunge aids government in fight to tame deficit

Much of the decline was due to lower food prices, which fell 4.3 per cent from a year earlier

Russia beats Saudi as China’s top crude oil supplier in 2016

Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day

Saudi Electricity Company staff accused in corruption case

Irregularities were found in the issuance of eight contracts worth more than SAR80m

Saudi finance ministry says no fees on expat workers’ remittances

Around a third of Saudi Arabia’s 30 million inhabitants are foreigners

Saudi Aramco operating 220 rigs, says energy minister

The kingdom is maintaining production capacity at 12.5 million barrels per day

Saudi, Russian ministers satisfied with compliance on oil output cuts

Producers will lower output by nearly 1.8 million barrels per day under the deal

Saudi’s SABIC to acquire remaining 50% of Shell venture for $820m

The venture, known as SADAF, operates six petrochemical plants in Saudi

Despite diversification efforts, oil revenues vital for Saudi’s growth

The increase in oil prices is expected to help the country narrow its budget deficit this year

Saudi’s PetroRabigh to restart petchem complex after brief shutdown

The whole complex at Rabigh was closed as a precautionary measure after a technical failure

Saudi ATMs won’t accept new currency notes for six months

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

Two militants blow themselves up in Jeddah

Saudi security forces surrounded their house and exchanged fire with the men, who blew themselves up

Saudi’s SABIC looking to invest up to $3bn in the US – CEO

SABIC is keen to invest abroad to diversify its risks and improve its access to foreign markets

Saudi’s new fingerprint policy pushes Mobily into Q4 loss

Under new rules announced last year, all SIM cards issued in Saudi must be linked to a fingerprint record

Saudi’s SABIC Q4 net profit jumps 48%

The company attributed the profit jump to a lower average cost of sales

Saudi Shoura Council to discuss expat remittance tax proposal next week

The proposal would also limit the amount of cash expats could carry out of the kingdom

IMF praises Saudi budget plans, says implementation key

The IMF slashed its prediction for Saudi’s economic growth in 2017 to 0.4 per cent

Saudi Aramco CEO sees balance returning to oil market in H1

Amin H. Nasser also warned that $25 trillion of investment was needed to meet demand over the next 25 years

First 4 firms approved to list on Saudi’s parallel market

Applications from 77 other firms are being reviewed

Saudi government could cancel $13.3bn projects in 2017

The total value of project awards for 2017 is forecast at $27bn, which could rise to $32bn

Saudi Binladin seeks extension on SAR10bn Grand Mosque financing

Contractors in Saudi Arabia have had to deal with delays to projects and late payment

Saudi ‘optimistic’ about Trump’s stance on Iran and ISIL

Saudi Foreign Minister Adel al-Jubeir said that Saudi’s interests were aligned with those of the US

Former Saudi Oger workers complain of payment delays after September dismissal

Around 1,300 King Fahd Quran Printing Complex staff were terminated in September

Saudi real estate prices fall 8.7% in 2016

Cuts in public spending last year hurt many Saudis’ purchasing power

Saudi’s flynas orders 60 Airbus A320neos, upgrades 20 more

The 80 A320neo order is valued at $8.6bn

Saudi to soon launch $30-50bn renewable energy programme

Riyadh will start the first round of bidding for projects in the next few weeks