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Saudi Arabia

Saudis to seek $20bn investments for planned tourism landmark

The development of the Al Ula site is part of the kingdom’s broader tourism plans as it diversifies its economy away from oil

Driving licences issued to 70,000 women in Saudi since lifting of ban

Driving schools for women are opening up across the kingdom

Saudi Arabia invests $23bn to improve living in Riyadh

Four projects have been unveiled, expecting to create 70,000 jobs for Saudis

Saudi consumer prices fall for second straight month in Feb

The impact of implementation of a value-added tax last year eased this year

Pakistani man dies after losing his way in the desert outside Saudi – report

The man was found starving and dehydrated by Saudi border guards in September last year

Saudi Arabia curbs family influence in Binladin group shake-up

Three of the Bin Laden family were arrested in last year’s corruption purge, and have now relinquished their 36.22 per cent stake in the family business to a subsidiary of the finance ministry

Saudi closes at near four-year high as it joins FTSE Russell index

Saudi shares have gained 9.6 per cent so far this year

Saudi’s Tadawul, the region’s biggest exchange, expects foreign investment to grow

Saudi shares on Monday joined the FTSE Emerging All Cap Index with a weighting of 2.9 per cent

OPEC to cancel April meet, keep oil cuts in place

“We are not under pressure except by the market,” said Saudi energy minister Al Falih

Kuwait-Saudi consortium wins $400m Oman solar power station bid

The project includes the construction, ownership, and operation of a 500 MW independent power project

Over 166,840 Saudi women employed in kingdom’s private sector

The majority of them – over 40 per cent – are working in the education sector

Saudi wealth fund PIF hires former IFC official as chief economist

PIF, which is chaired by Crown Prince Mohammed bin Salman, manages over $250bn in assets

Saudi philanthropist Princess Al-Bandari dies

She was the CEO of the King Khalid Foundation and associated with several NGOs

Several shops shut down in Saudisation drive after illegal expat practices exposed

Saudisation is now mandatory in several retail sectors in the kingdom

Saudi energy minister optimistic on commitment to OPEC+ oil supply cut

Conformity with the cuts in the first two months of this year are less than levels seen in 2017 and 2018

Saudi stocks set to receive $20bn windfall as kingdom joins major indices

Saudi stocks join the FTSE Emerging All Cap Index this week

One Saudi national killed, another injured in New Zealand terror attack

Those killed at the mosque shootings on Friday included Muslim nationals from across the world

Saudi introduces new regulatory amendments to improve zakat collection

The government will assume the zakat liability on state-issued debt instrument

Saudi’s Flyadeal to decide on Boeing 737 MAX order after crash investigations

Flyadeal ordered 30 Boeing 737 MAX 8s last December with purchasing options for 20 more in a deal worth $5.9bn

Why Saudi’s family businesses need to focus on succession planning

Family businesses need to have a solid family constitution and corporate governance framework in place

Five key skills needed to work in start-ups in the MENA region

With the region encouraging entrepreneurship, more jobs are expected to be available for graduates in start-ups

Saudi Aramco shifts strategy in China to boost oil sales

The state-oil company is reportedly seeking new buyers, including smaller, independently run refiners

Akon, Pitbull among singers confirmed for concerts in Saudi this month

The Sharqiah season, running from March 14-30, will see cultural events across the Eastern Province

Ethiopian Airlines crash: Saudi victim’s body not yet located

The Saudi national was among the 157 people who died when the Ethiopian Airlines flight crashed on Sunday

Saudi firm AHAB files for financial restructuring under new bankruptcy law

Creditors have been pursuing AHAB and Saad Group since they defaulted on about $22bn in combined debt in 2009

Saudi Real Estate Refinance Co issues $200m sukuk

SRC, a wholly owned subsidiary of the kingdom’s sovereign wealth fund PIF, aims to accelerate housing construction

Saudi women’s rights activists stand trial in criminal court

Loujain al-Hathloul, Aziza al-Yousef, Eman al-Nafjan and Hatoon Al-Fassi are among around 10 women appearing before the court

Asian football body AFC cancels beIN Sports’ broadcast rights in Saudi

The Asian Football Confederation said it will live-stream matches played by Saudi teams on Facebook and YouTube

Saudi prince passes away

The royal court said the funeral prayer for Prince Faisal will be held on Tuesday

Saudi reveals plans for second entertainment hub in Riyadh

It will include a variety of “carefully selected recreational facilities” along with restaurants and event spaces