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 […]

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 […]

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 […]

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 […]

More information about Saudi Arabia’s new “Green Card” style residency scheme for qualified international experts has been published in Saudi government’s official gazette,the Um Al-Qura newspaper.   The new scheme allows highly skilled global entrepreneurs, innovators and investors to work and live in the Kingdom without a Saudi sponsor and they can permanently reside, own […]

The Saudi Shoura council approved the launch of a new Green Card style “Special Privilege Iqama” (residence permit) scheme to attract affluent foreign entrepreneurs and investors to the Kingdom, marking an end to the age-old Khafeel (sponsorship) system.   The new scheme will not require foreigners to have a Saudi sponsor or employer and its added […]

Saudi Arabia should utilize the latest technological advances that have impacted the society effectively on its strive to become the digital hub of the region, the Global Digital Government Summit organized by the new Saudi e-Government program, Yesser, under the title “Putting Citizens First” noted.   Ali Al-Asiri, CEO of Yesser, said the summit was “very […]

The most awaited World Wrestling Entertainment (WWE) will make its return to Saudi Arabia with a special event hosted by the Saudi General Sports Authority in partnership with WWE at the King Abdullah Sports City Stadium in Jeddah on Friday, June 7, at 8 p.m. The star-studded event, marking the company’s third show in the […]

Saudi Arabia attained a budget surplus of SR27.8 billion in the first quarter of 2019, in comparison to a budget deficit of SR34.3 billion during the same period last year, the Kingdom’s Finance Minister Mohammed Al-Jadaan said at the Financial Sector Conference (FSC) in Riyadh on Wednesday.   This is the first time that the Kingdom recorded […]

As Saudi Arabia is boosting its infrastructure spending in line with the objectives of Vision 2030, the world’s leading oil-exporting nation is witnessing more master development launches than ever before, says management consultancy firm Faithful+Gould.   Saudi Arabia has plans to spend $1.1 trillion on infrastructure projects from 2019-2038 and already has a long list […]