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Saudi Arabia

Saudi sovereign fund plans cinema venture

The Saudi government has announced plans to lift a ban on cinemas next year

Detained Saudi billionaire al-Sanea seeks to end debt dispute

At the height of his success, al-Sanea held investments in a number of large companies

Saudi Arabia says cinemas will be allowed from early 2018

Cinemas have been banned in the kingdom since the early 1980s

Saudi to announce launch of household allowance system – source

The financial allowances would help low and middle-income households cope with the costs of economic reforms

Saudi sets new work limits for truckers

Truck drivers will have a maximum working day of nine hours, and 56 hours per week, according to sources

Foreigners turn net buyers of Saudi stocks as shock of graft purge fades

Foreigners were net sellers of stocks for four straight weeks after authorities detained officials and businessmen in the purge

US investments in Saudi reported to exceed $15bn

SAGIA said that there are now 462 US investment facilities in the kingdom

UN says missiles fired at Saudi Arabia have ‘common origin’

Despite the assertion, investigations are continuing over US and Saudi claims that Iran supplied them

Saudi women have spent $3.1m to obtain driving licences abroad

The figure suggests a significant appetite for driving among women in the kingdom

Gulf rulers boycotting Qatar skip annual summit

Saudi Arabia, the UAE and Bahrain sent ministers or deputy prime ministers to the annual event

Saudi says most people detained in anti-corruption sweep have settled

People who refuse to settle are referred to the public prosecutor for additional investigation

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Saudi’s SABIC to open office in Iraq as relations improve

Saudi Arabia is wooing Baghdad in an effort to halt the growing regional influence of arch-foe Iran

UAE calls for cooperation pact with Saudi Arabia in divided Gulf

The committee would work on economic, political and military issues

Saudi minister says main wave of arrests completed in anti-corruption purge

Dozens of princes, officials and businessmen were detained last month

Saudi travel agencies can now issue tourist visas

Travel to the kingdom was previously restricted to pilgrims, businessmen and family members of residents

Saudi Crown Prince voted Time person of the year

The Crown Prince received significantly more votes than any other leader

Saudi stock exchange announces system upgrade

The upgrade will enable market members to provide new categories of securities and services to investors

Customers of Dubai's Gold AE to launch legal action

Saudi bans employment of foreigners in gold and jewellery shops

A deadline for businesses to employ Saudis in the sector ended on Sunday

Revealed: Top 10 companies in Saudi Arabia in 2017

The biggest listed companies in Saudi Arabia by market capitalisation

Saudi banks prepare for riyal coins

The one and two riyal coins will replace paper currency

Saudi Arabia to award heritage contracts worth $375m

The 14 new projects include the establishment of new museums and the rehabilitation of a number of archaeological sites

Egyptian billionaire denounces Saudi corruption crackdown

Naguib Sawiris said influential figures should stand up to Crown Prince Mohammed bin Salman following his crackdown on graft

Saudi Arabia intercepts Yemeni missile, second in a month

The missile was shot down on Thursday near the south-western city of Khamis Mushait

Raytheon to help develop Saudi’s defence industry

The defence giant said it would generate $13bn in revenue and create 1,200 jobs for Saudi Arabia

France’s EDF plans to bid in Saudi Arabia nuclear tender, say sources

Saudi Arabia is considering building 17.6 GW of nuclear-fuelled power generation capacity by 2032

Gold and jewellery shops in Saudi face $5k fines

Shops will be fined SAR20,000 for each expat worker when 100 per cent Saudisation comes into force in December

Saudi prince freed in $1bn settlement, says official

Prince Miteb bin Abdullah is the former head of the elite National Guard and was once seen as a leading contender to the throne

Saudi Arabia studying proposals to protect whistleblowers

Protection is being sought for people who report financial crime, following the government’s anti-corruption crackdown

Thousands of Saudi women apply for workplace support programmes

Two programmes have been developed to help support Saudi women working in the private sector

Foreigners still net sellers of Saudi stocks in wake of corruption crackdown

Foreign investors sold $223m of Saudi stocks in the week through November 23