NEWS

Saudi Arabia is undertaking several measures to push reforms to boost its private sector. An investment workshop titled “The key reforms that serve investors” hosted in Dammam by the Eastern Province Chamber highlighted the improvements to existing procedures and the new initiatives that are helping to cut bureaucracy and make it easier to do business […]

On the sidelines of the first official state visit of Saudi Crown Prince Muhammed Bin Salman to Pakistan, the Royal Embassy of Saudi Arabia in Islamabad announced that Saudi Arabia has reduced visit visa fees for Pakistanis substantially with effect from February 15, 2019.   Under the revised plan, visit visa fee for single entry has been […]

Custodian of the Two Holy Mosques King Salman launched 1,281 ambitious projects worth SR82 billion in Riyadh city and its surrounding governorates at a ceremony held at Qasr Al-Hakam in Riyadh on Wednesday. Crown Prince Muhammed Bin Salman, deputy premier and minister of defense Prince Sultan Bin Salman, chairman of the board of the Saudi Space Authority, and Prince […]

Saudi Arabia’s Crown Prince Muhammed bin Salman launched a number of mega tourism projects in Al-Ula which will attract over two million visitors, contribute SR10 billion to the Kingdom’s GDP growth,and create at least 38,000 jobs by 2035. Crown Prince and the governor of the Royal Commission for Al-Ula (RCU), Prince Badr bin Abdullah bin […]

The Saudi government has allocated 11.5 billion riyals to reimburse a number of companies who struggled to pay steadily increasing expatriate fees in 2017 and 2018 and waive fee hikes for few companies who were not able to pay. The labor minister Ahmed bin Suleiman Al-Rajhi noted that private companies that maintained a higher or […]

Saudi Arabia witnessed the launch of the National Industrial and Logistics Program (NIDLP), the most ambitious initiative under the Kingdom’s Vision 2030 reform plan on Monday in the presence of Crown Prince Muhammed bin Salman. During the launch event at Riyadh’s Ritz Carlton hotel, 37 agreements worth SR235 billion were signed across four key economic sectors […]

The central banks of Saudi Arabia and the UAE has announced more details about the launch of a common digital currency ,named ‘Aber’, between the two countries.   The new currency will be used for financial settlements between Saudi Arabia and UAE through Blockchains and Distributed Ledger technologies and is expected to lower remittance costs […]

The Ministry of Labor and Social Development (MLSD) has announced new guidelines to ensure comfortable work atmosphere for women with the aim of boosting employment among Saudi women. The directives issued by the labor ministry stipulates that employers must create a suitable environment for women to carry out their responsibilities and ensure that women are […]

A report published by the US-Saudi Arabian Business Council (USSABC) that highlights new economic trends and opportunities in Saudi Arabia noted that the Saudi defense sector will experience strong growth in the next decade.   The report, titled “Defense, Security and Aerospace”, anticipates a contribution of SR231.27 billion by the defense sector to the Kingdom’s […]

Saudi Arabia’s Ministry of Labor and Social Development (MLSD) has launched a program to issue compensatory visas to deal with the dearth of qualified Saudi workforce in certain rare professions and specializations. According to reports from officials, private companies falling in the platinum and high green domains can take advantage of this new initiative to […]