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Saudi Arabia

Saudi payments start-up PayTabs raises $20m

PayTabs said it would use the funds to expand into more than 20 new markets

Saudi expects increase in Hajj pilgrims after crossing one million arrivals

The kingdom lifted pilgrim quota reductions earlier this year

Saudi exempts contractors on public sector projects from new worker tax

The country is expected to double its monthly fee for private sector workers from next year

Goldman Sachs gets approval for Saudi equities trading licence

Goldman Sachs has been operating in the kingdom since 2009 as an agent and underwriter

Saudi authorities study changes to worker dismissal law

Saudi workers have complained that labour law changes have made it too easy for them to be dismissed

Dubai’s DGCX, Saudi firm plan sharia-compliant spot gold contract

Demand for gold jewellery is high in the GCC

Amazon, Meta join ranks of tech companies slashing thousands of jobs

Saudi government agency seeks applicants for 50+ vacancies

The organisation will start receiving applications from today until Thursday

Key new regulations implemented under Saudi’s new Crown Prince

Several initiatives have been launched under the Vision 2030 reforms programme

GCC project awards fell in H1, but expected to pick up

Saudi was the only regional country where contract awards rose 12 per cent from a year ago

Saudi installing cranes at Yemen ports to boost aid delivery

The cranes are being installed at the ports of Aden, Mukalla and Al-Mokha

Saudi Grains Organisation orders 480,000 tonnes of wheat

The kingdom has made two other major wheat orders this year

Saudi to restart work on $26.6bn Grand Mosque expansion

A crane collapse at the site killed 107 people in 2015

Emirates to operate extra flights to Jeddah, deploy A380 to Medina for haj

Emirates will operate 45 additional flights to Jeddah and 12 extra flights to Medina from August 17 until September 11

Iran meeting to decide fate of oil deal

Saudi crude oil exports fall slightly in June

Exports in June were 35,000 barrels per day (bpd) lower than the May level

Saudi says has not requested any mediation with Iran

Media reports claimed Saudi had asked Iraq to help mediate ties with Iran

Saudi prince Bandar bin Fahd dies

His funeral prayers will be held in Riyadh on Thursday

Saudi’s SABIC acquires Shell’s stake in its Saudi plant

The acquisition will be carried out before the end of the year

Saudi Aramco gets bids to expand Hawiyah gas plant

Hawiyah is part of Ghawar, the world’s largest onshore oilfield

Saudi ministry says Eid Al Adha holiday to begin next week

Public sector workers will have more than two weeks off to mark the occasion

Saudi Shoura member calls for closure of small shops

Dr Fahd Bin Mohammed Bin Jumaa said community centres closer to Saudi homes would provide job opportunities for citizens

Different Arab money

Other GCC states may introduce VAT after UAE and Saudi

The UAE and Saudi Arabia will be implementing VAT starting 2018 January

Saudi executes three Yemenis for smuggling drugs

The men were executed in the Asir region on Tuesday

Saudi establishes new authority for military industries

The authority will be tasked with organising and developing the military industries sector in the kingdom

Saudi to reopen Iraq land border for trade after 27 years – report

The crossing was closed in the wake of Saddam Hussein’s 1990 invasion of Kuwait

Saudi announces departure of 1,400 domestic workers

Preparations are also underway to repatriate all female workers staying in shelters in the kingdom

Saudi to resume building mega $3.5bn Abraj Kudai hotel in Makkah

The hotel is expected to have about 10,000 rooms, 70 restaurants and several helipads when completed

Saudi summons Twitter users for harming public order

The Public Prosecution has warned against publishing comments that harm public integrity and social moderation

Saudi budget deficit shrinks due to higher oil prices

Saudi officials said the figures showed the country was making good progress in repairing state finances

IIF forecasts Saudi economy will contract this year

The organisation said deep structural reforms would be needed to prepare the Saudi workforce for the private sector

Saudi issues August deadline for VAT registration

Businesses will have until later this month to register for the tax