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Global bankers are heading to Saudi Arabia this week to compete for what is expected to be the world’s biggest initial public offering (IPO). Saudi Aramco has invited more than 20 advisory firms from the U.S., Europe and Asia to compete in the IPO project.   The headquarters of Saudi Aramco in Dhahran will receive […]

Saudi Arabia is all set to celebrate it’s 89th National Day with fervour and the Ministry of Civil Service (MCS) has declared the 22nd and 23rd of September as public holiday making it a four-day holiday including the weekend.   The National Day, locally known as Al-Yaom-ul-Watany, is celebrated every year to commemorate the renaming […]

In a historic decision, Saudi Arabia announced that it will allow women to apply for and obtain passports as well as leave the country without securing the consent of a male relative.   The change was included in extensive amendments to laws governing travel documents, civil status, labor and social insurance approved by the cabinet […]

The phase one construction of Saudi Arabia’s multi-billion dollar independent mega-city NEOM in the north-western region of the country is complete, and the second phase is set to be announced by the end of this year, revealed CEO Nadhmi Al-Nasr while addressing a crowd of over 160 diplomats at NEOM’s first ever beach sports events […]

Saudi Arabia lifts travel restrictions on Umrah and Ziyarah (visit of Prophet’s Mosque) pilgrims which forbade them from moving outside Makkah, Madinah and Jeddah. The new Cabinet decision will allow millions of pilgrims arriving on Umrah visa to travel to any city across the Kingdom with ease.   Nearly 8 million Muslims performed Umrah this […]

Saudi Arabia announced on Tuesday that businesses in the country have the option to remain open 24-hours a day. The decision indicates the efforts made by the government to support private sector and entrepreneurs by providing the best possible environment through amendment of regulations and legislation while simultaneously continuing the process of economic reforms.   […]

Saudi Arabia’s Qiddiya Investment Company has revealed its master plan for Qiddiya, the Kingdom’s “Capital of Entertainment, Sports and Arts” as the government is focusing more on non-petrol revenue sources as part of its ambitious economic diversification program Vision 2030. The property will bring together the elements for an active, healthy and ambitious lifestyle, create a […]

Saudi Arabia’s Human Rights Commission (HRC) said that children of Saudi women married to non-Saudi men have same rights to residency, work, education and medical treatment as children born to Saudi mother and father.   According to the commission, children of Saudi mothers and foreign fathers who live in the Kingdom have the right to […]

The Premium Residency Center (PRC) annnounced that holders of Permanent Premium Residency (PPR) cards can stay in the Kingdom for 60 days after the cancellation of their PPRs. Under special circumstances, the chief of PRC can extend their stay for a maximum of 180 days starting from the date of cancellation of PPR.   Individuals applying […]