Tag: Saudi Arabia
Saudi King Approves $3.1 Billion Plan to Ease Expat Fee Costs
Saudi Arabia’s King Salman has approved a plan to ease levies businesses pay on foreign workers to help revive economic growth.
Authorities will exempt some...
Yanni Returns to Saudi Arabia With a Dazzling Performance at Historic Al-Ula
Grammy Award-winning composer Yanni – one of the first international music stars to perform in Saudi Arabia in recent years – dazzled a packed...
Saudi Arabia Collects $107 Billion as Prince Unwinds Crackdown
The Saudi anti-corruption commission headed by Crown Prince Mohammed Bin Salman has concluded its mission and recovered about 400 billion riyals ($107 billion) including...
Saudi to build oil refinery, petrochemicals plant in South Africa
Saudi Arabia plans to build an oil refinery and petrochemicals plant in South Africa as part of $10bn of investments in the country.
The new...
Saudi’s $500bn NEOM Bay project begins in 2019
Saudi's NEOM Bay, an urban project, will be completed in 2020.
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, the chairman of the NEOM board,...
Saudi Arabia to set up $10B oil refinery in Pakistan
Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday,...
Saudi Said to Weigh More Bank Mergers as NCB Announces Talks
Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to...
Credit Suisse CEO in Saudi Arabia Said to Leave Bank in 2019
Credit Suisse Group AG’s chief executive officer in Saudi Arabia is leaving the bank, according to people familiar with the matter.
Abdulaziz Bin Hassan has...
Saudi Arabia Plans Red Sea Pact as Gulf Interest in Africa Grows
Saudi Arabia wants to bring several states lining the Red Sea and Gulf of Aden into a bloc to improve trade and maritime navigation,...
GEMS education to invest $800m in Saudi Arabia
GEMS to create a network of schools in next 10 years that will accommodate up to 130,000 students.
Middle East-focused education company GEMS and a...