By Innovation-sa on August 8, 2019 in News

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 this week and will become law from the end…

By Innovation-sa on August 5, 2019 in News

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 held at Gayal, the site of NEOM’s first commercial…

By Innovation-sa on July 25, 2019 in News

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 year and some two million pilgrims will arrive for…

By Innovation-sa on July 22, 2019 in News

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.   Rules and regulations will be developed and put in…

By Innovation-sa on July 14, 2019 in News

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 series of pedestrian-oriented episodes that encourage discovery, trail and…

By Innovation-sa on July 9, 2019 in News

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 be issued a permanent iqama (residence permit) and mothers…

By Innovation-sa on July 2, 2019 in News

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 for PPR must submit a clearance certificate from their…

By Innovation-sa on June 27, 2019 in News

Ahead of the annual Hajj Pilgrimage, the Ministry of Hajj and Umrah has announced that expatriates, including those arriving via Haramain Train, will be banned from entering Makkah from Shawaal 25 until Dhul Hijjah 10. Expatriates arriving at the gateways of Makkah by any means of transport – cars, buses or trucks – will be banned from entering the holy city during these days.  …

By Innovation-sa on June 19, 2019 in News

Saudi Arabia is on track to outpace India and take first position in the ETF ranking this year. The ETF ranking tracks flows into exchange-traded funds of developing countries. For the past three years, Saudi Arabia had been behind China and Brazil.   India and Saudi Arabia are leading ranking for ETF net inflows this year with new money invested in ETFs in India at $2.5…

By Innovation-sa on June 13, 2019 in News

Saudi Arabia’s economic growth is expected to pick up further this year despite threats due to global economic slowdown and its possible impact on the oil market, the Kingdom’s Central Bank said.   Reports published by the Saudi Arabian Monetary Authority (SAMA) noted that the Kingdom’s economic growth recovered to 2.2 percent in 2018 in comparison to a 0.7 percent decline the previous year….