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Saudi Binladin Group selling off property, other assets to pay workers

Workers reportedly protested outside Saudi Binladin’s offices again this week following non-payment of their dues

Saudi Arabia invests $3.5bn in Uber

The kingdom’s Public Investment Fund contributed the lion’s share of the tech companies recent $5bn funding round

Aramco, GE and Cividale reveal $400m Saudi manufacturing plant

To be operational in 2020, the facility will create 2,000 jobs in the kingdom

Saudi eyes $15bn of bond sales in 2016, post-Ramadan issue

The kingdom is said to have been encouraged by Qatar’s record issue last week

Saudi Arabia hires HSBC banker for bond sale – report

Fahad Al Saif has become the second HSBC banker to be appointed to a government role in recent months, according to reports

80% of unemployed Saudis prefer public sector jobs

New study suggests the private sector is still unattractive to Saudis despite government efforts

Saudi-Egypt causeway to enable 30 minute cross border travel

Plans for the crossing were revived during King Salman’s visit to Egypt in April

Saudi to nationalise 80% of jobs in Makkah’s hotels, resorts

The measures follow an ambitious nationalisation scheme in the mobile sector beginning from next month

Abu Dhabi’s LuLu reveals plans for seventh Saudi hypermarket

The company plans to open eight new stores in the kingdom by 2018

Iranians will be unable to perform haj this year

Iran has refused to sign a deal with Saudi for haj arrangements

Saudi taxi companies given 7 months to modernise fleet

The move is designed to reduce environmental pollution, improve the standard of taxi services and ensure the safety of passengers

Saudi steps up mobile shop inspections as deadline nears

Under new rules announced in March, companies in the industry must ensure half of their workforce is Saudi by Ramadan

Saudi’s Shura Council to discuss allowing women to apply for passports

Currently women in the country need their guardian’s permission to apply for travel documents

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