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Saudi to award nuclear reactor contract by end 2018 – official

Saudi is planning to have 17.6GW of nuclear-powered generating capacity by 2032

Saudi to subsidise companies for employing citizens

The announcement follows concerns regarding the rising unemployment rate among Saudis

New Bahrain-Saudi oil pipeline set to be ready in 2018

The 350,000-barrels-per-day pipeline will help expand Bahrain’s refinery capacity

Saudi to open Moscow PR office

The kingdom reportedly plans to establish international PR offices to counter negative coverage

Saudi’s Sadara appoints new CEO

Faisal Al-Faqeer from Saudi Aramco replaces Ziad Al-Labban

Study reveals 82% of Saudi women plan to drive

The vast majority of women said they will also reduce their reliance on taxis and drivers

Saudi sovereign fund creates $1.07bn ‘fund of funds’ to back SMEs

The PIF expects the investments to create 2,600 jobs and contribute SAR400m to GDP by the end of 2020

Saudi to decide timing of fuel price hike by month-end

The energy minister said last week that the hikes were still on the cards for 2017

Saudi Aramco eyes joint venture deal in India by next year, says CEO

The oil giant had earlier launched a new office in New Delhi as it aims to expands its presence in India

Saudis changing procurement rules to save money, boost local firms

A proportion of procurement budgets would be steered towards smaller companies rather than large enterprises, under new proposals

Saudi Aramco expands in India

Aramco is investing in refineries in major markets to lock in customers ahead of its IPO

Saudi warns companies to correct status or face penalties

Companies that need to correct their activities will be alerted via text messages and other channels

US approves $15bn missile defence deal with Saudi

The kingdom has been the target of ballistic missile attacks from Yemen since 2015

Saudi accuses 32 people of spying for Iran

Saudi reconsiders speed of austerity plan as economy slumps

Recent data showed Saudi Arabia in recession during the second quarter

Gunman attacks Saudi security forces at Jeddah royal palace

An investigation is underway to determine the motive for the attack

Saudi Aramco IPO on track for 2018

“Work is ongoing to list Saudi Aramco in 2018,” Aramco’s chief executive Amin Nasser said

Saudi’s Flyadeal to start Boeing, Airbus order talks soon

The talks aimed at acquiring Boeing 737 or Airbus A320 aircraft will start “much sooner” than December 31

Saudi launches mortgage guarantee programme

Citizens on the kingdom’s housing list will be able to nominate a relative as a guarantor for mortgages

Saudi says flexible on oil deal extension with Russia

Energy minister Falih said Saudi Arabia wants to develop ties with Russia further

Saudi’s lifting of female driving ban will not mean jobs for foreigners – official

Public Transport Authority president Rumaih Al-Rumaih said driver jobs would go to Saudi women only

Saudi arrests up to 46 for disturbing public order via social networks

The arrests included one Qatari

Saudi Aramco plans expansion in India with new unit

Saudi Arabia is competing with Iraq to be India’s top oil supplier

Saudi, Russia to set up $1bn technology fund

The joint venture is the latest in a series of deals including a $1bn fund to invest in energy projects

Saudi central bank paints rosy picture of economy

Latest official data showed the economy in recession during the second quarter

Saudi private sector growth slows in September

The PMI score for the month edged down from 55.8 in August

Saudi, Spanish consortium awarded $853m Makkah bus contract

The contract includes the import, operation and maintenance of a network of 400 air-conditioned buses

Saudi establishes national development fund, appoints two ministers

The kingdom has filled the vacancy for minister of civil service

Saudi could save $5.3bn by allowing women to drive

The decision is expected to reduce the kingdom’s reliance on foreign drivers

Saudi king heads to Russia, with oil, investment and Syria on agenda

The visit reflects a rapid deepening of ties between Russia and Saudi Arabia

UAE’s Masdar, EDF Energies lead bidding for Saudi solar plant

The winning bidders will build, own and operate the power plants in partnership with the government