NEWS

Saudi Arabia’s Ministry of Finance signed financing agreements to fund 17 health, education and hospitality projects in the Kingdom with loans amounting to SR755.8 million. Through these agreements, the government plans to attract the private sector to participate in the comprehensive development of the country and invest more in service projects, in accordance with the […]

The Council of Minister’s instructed the Ministry of Labor and Social Development (MLSD) and the Ministry of Housing not to issue or renew work permits of expatriates without a lease contract registered in the Ejar system from September onwards.   The ministries will organize awareness campaigns across the Kingdom to ensure that expatriates authenticate their […]

The Finance Ministry’s Debt Management Office (DMO) has begun selling local currency government bonds through a new “primary dealer” programme which is designed to increase demand for the debt and widen the range of investors holding it.   The Ministry announced that the first edition of the Primary Dealers Program for Susuk distribution has taken […]

The Ministry of Labor and Social Development (MLSD) revoked the decision to restrict profession change in iqamas of expatriate employees. From Muharram 1, employers can change job titles of employees’ subject to certain guidelines.   The Ministry’s official spokesman Khalid Aba Al-Khail informed that applications for profession change should be submitted online at the ministry’s […]

In line with the objectives of Vision 2030, Saudi Arabia’s Ministry of Justice announced plans to open full-fledged labor court in the Kingdom early next year.This will increase transparency of the labor market and thereby boost investment and drive the economy towards development.   The preparations for the labor court are on track with judges […]

In an e-Government survey conducted by the United Nations to assess the development of municipal portals in 40 pilot cities across the world, Saudi Arabia’s capital, Riyadh ranked 30th position. The survey is dedicated to transform cities to sustainable and resilient societies.   The survey report, published by the UN Department of Economic and Social […]

As the countdown to Hajj begins, Saudi authorities intensified the ban on entry of unauthorized people to Makkah, which began earlier on July 9. The ban will be in force till the end of Hajj. Officials informed that more than 72,000 people and 30,449 vehicles were turned back from various entry points to the Holy […]

Dubai-based group, Majid Al-Futtaim Cinemas announced that it will open its first multiplex in Jeddah at the highly popular Red Sea Mall by December. Earlier, the company had announced its interest to bring world-class entertainment to cities across the Kingdom as soon as the ban on cinemas was lifted in Saudi Arabia.   VOX’s parent […]

The General Authority of Statistics (GAStat) reports indicated a positive growth in the Saudi job market with more than 350,000 new job opportunities to be created for locals and expatriates in the near future.   The report predicts 38,000 new opportunities for Saudis and 67,000 vacancies for foreigners in the food, commercial and housing sector. […]

According to reports published by Saudi Arabian Monetary Agency (SAMA), consumer spending in Saudi Arabia has hit a record high amount of SR91.10 billion this May in comparison to SR84.11 billion during the same month in 2017.   The report attributed the 23-month high spending to extensive household shopping by locals and expatriates at the […]