DUBAI: Saudi Arabia’s oil giant Aramco is marking the start of its development of the Jafurah unconventional gas field on November 29, 2021, Arab News reported. The Saudi-listed firm claims it to be the “largest non-associated gas field” in the kingdom. The move is part of the kingdom’s push to commercialise its unconventional resources and expand Aramco’s … Read more
RIYADH: Saudi Arabia’s top gamers have begun battling it out for a share of a SR4 million ($1.1million) prize pot at the kingdom’s e-League Champions event, Arab News reported. Winners from two other e-sports events held this year have come together for a final competition in Riyadh’s Media City, which kicked off on Friday, November 26 and … Read more
RIYADH: US investment bank Moelis and Co plans to open an office in the Saudi capital Riyadh and will soon begin hiring staff in the kingdom, Bloomberg reported. The New York-based company sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle,” Vice Chairman Eric Cantor said in an interview. The boutique financial adviser, … Read more
RIYADH: Saudi Arabia, which reported last month a surplus in its first quarterly budget surplus since the first quarter of 2019, is applying restraints on spending even, as oil prices are trading near multiyear high, Arab News reported. The Saudi Ministry of Finance has started to apply the spending cap regardless of the oil price and revenues, … Read more
RIYADH: Saudi Arabia is preparing 160 privatisation deals and intends to announce more of these operations next year, Arab News quoted Saudi Finance Minister Mohammed Al-Jadaan, as saying. Speaking at the Financial Stability Conference, Al-Jadaan said while the Al-Jadaan will not be fully privatiSed as a service provider, parts of it, such as radiology, could be. He … Read more
RIYADH: Saudi Arabia’s launch of its first women’s football league on Monday will clear the way for girls who dream of turning professional — and maybe even playing in a World Cup. Long condemned for harsh restrictions on women, Saudi Arabia lifted a decades-old ban on female footballers only a few years ago, and it is now aiming … Read more
CAIRO: The Saudi Central Bank (SAMA) predicts that the annual inflation rate in the kingdom will rise slightly in the fourth quarter of this year, Arab News quoted its latest inflation report. SAMA cited jumps in global inflation levels and a strengthening of domestic demand as contributors to the rise in consumer prices. On a … Read more
RIYADH: Those wishing to start a business in Saudi Arabia while outside the kingdom will find the task easier; following the streamlining of the licensing procedure, Arab News reported. Setting up a business in the Arab world’s biggest economy now will require only three steps, reducing the legwork that investors have to go through. The … Read more
Riyadh: The Kingdom of Saudi Arabia celebrates its 91st birthday on Thursday with fireworks, flypasts and festivities, Arab News reported. The slogan for this year’s Saudi National Day is ‘A home for us.’ Saudis and foreigners who call the kingdom their home will celebrate both the transformative journey the country has embarked on over the … Read more
RIYADH/MOSCOW: Inflation rate in Saudi Arabia decelerated in July from June on an annual basis, as the effects of the July 2020 tripling of the VAT rate no longer weigh on spending, Arab News reported. The consumer price index, a gauge used to detect the changes in prices, recorded a modest increase of 0.4 per … Read more
Saudi Arabia has no plans to introduce an income tax, and the 15% triple value-added tax introduces last year in July was temporary, said Saudi Arabian Crown Prince Mohammed Bin Salman in a recent TV interview on Tuesday. This decision has made shocked the citizen of the Kingdom and it also affects the businesses who … Read more
The Saudi government has announced a two-week holiday on the occasion of Eid al-Adha. According to Saudi media, the Eid holidays for government employees in the kingdom, which began on July 23, will continue until August 8, while the private sector will get four days off from July 29 to August 2. [embedpost id=”50366″ slug=”good-news-for-pakistan-on-eid-al-adha”] … Read more
Saudi Arabia to give one million jobs by the year 2030. According to the details, an official at the Permanent Mission of Saudi Arabia to the United Nations in Geneva said that Saudi Arabia to give one million jobs to Saudi women by the year 2030. The sources said that Mishaal Al-Balawi underlined the importance … Read more
More than one lakh worshipers attended the third Friday prayers after the opening of the Prophet’s Mosque in Madinah. Meanwhile, a partial gathering of Friday prayers at Masjid-ul-Haram in Makkah was attended by officials of the administration of the Haram, health and security personnel and imams and shaykhs. In addition, Friday prayers were offered in … Read more
71 mosques were sealed by the government of Saudi Arabia for violating the Coronavirus SOPs. According to the News Agency, the Saudi government has sealed off 71 mosques that violate the Ministry of Health’s SOPs for preventing the spread of the coronavirus. The media reports said, Saudi Minister of Religious Affairs Dr. Abdul Latif Al-Sheikh … Read more
RIYADH: Saudi Arabia has prepared 25 hospitals to handle any coronavirus cases that might be detected. According to the details, a health ministry spokesman said on Sunday that the Kingdom has prepared 25 hospitals to handle any coronavirus. Be clear that Saudi Arabia has not reported any cases of the virus so far. Saudi king dials … Read more
A Saudi princess known for her human rights advocacy work has likely been put under house arrest in Riyadh, reports said. According to sources, Princess Basma bint Saud bin Abdulaziz al-Saud “fell off the radar”, after she attempted to leave the kingdom late last year. The source said she was due to fly to Geneva … Read more
A musical and cultural ‘Riyadh season’, which begins on October 11 this month, is the first time women’s wrestling has been witnessed by a large number of fans in Riyadh, Saudi Arabia. Natalya Neidhart and Lacey Evans became the first female WWE superstars to compete in Saudi Arabia. Their fight at the WWE Crown Jewel … Read more
World Bank in its new report announces that Saudi Arabia becomes the most developing country among 190 countries worldwide. Saudi Arabia gains 30th rank in list of countries with better business environment, says the World Bank. After that, Saudi Arabia has been designated as the world’s most important country for investment. According to reports by … Read more
Saudi Arabia announced Wednesday it will allow women in the ultra-conservative kingdom to serve in the armed forces as it embarks on a broad program of economic and social reforms. The move is the latest in a series of measures aimed at increasing the rights of women in the kingdom, even as rights groups accuse … Read more
