Saudi Arabian and Iraqi companies signed 18 memorandums of understanding in the energy sector at the seventh session of Iraq International Oil and Gas Conference and Exhibition. The MoUs were signed in the presence of Saudi Minister of Energy, Industry and Mineral Resources and Chairman of the Board of Directors of Saudi Exports Development Authority […]

Saudi Arabia’s oil giant Saudi Aramco and chemical firm Saudi Basic Industries Corp (SABIC) have signed a memorandum of understanding (MoU) to establish an innovative crude oil to chemicals (COTC) complex worth $20 billion. The planned COTC, which is expected to be the largest project in the world to convert crude oil to chemicals, and the first […]

The Ministry of Commerce and Investment said that there has been an increase of 93 percent in tasattur cases under probe in the Kingdom in 2017. As many as 781 cases of expatriates doing business in the names of Saudis for a fixed fees were brought to the attention of the attorney general before going […]

The Ministry of Labor and Social Development announced that gold and jewellery shops employing expatriates will be imposed a fine of SR 20,000 for each non-Saudi employee after December 3, 2017. Khaled Aba Al-Khail, spokesman of the Ministry of Labor and Social Development, said permanent inspectors will be appointed in malls and markets to track […]