Economy of Saudi Arabia
Price of Saudi Cigarettes Doubles As First Tax Hits
The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the...
Saudi Aramco-Hyundai In $5.2 Bn Shipyard Deal
Saudi Aramco is to build the region's biggest shipyard in a $5.2 billion joint venture with South Korea's Hyundai Heavy...
Blackstone, Saudi Fund To Invest $40 Bln In US Infrastructure
US asset management giant Blackstone and Saudi Arabia's main sovereign wealth fund announced Saturday they are...
Saudi Deficit Plunges After Cuts, Oil Revenue Surge
Saudi Arabia's budget deficit dropped by 71 percent in the first quarter of the year, the government said Thursday,...
Saudi Budget Deficit Drops 71 Pct In Q1
Saudi Arabia's budget deficit fell by 71 percent in the first quarter of this year, the finance minister said on...
Saudi Malls To Hire Locals Only
Foreigners will no longer be allowed to work in Saudi Arabia's numerous shopping malls, the labour ministry announced...
Philippines Says Saudi Arabia Still Needs Its Workers
Saudi Arabia will still need even more Filipino workers despite its "Saudization" policy, Manila's labour secretary...
Saudi Cuts Taxes On Oil Firms Ahead of Aramco Sale
Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant...
Saudi Arabia Loses Fitch Rating Over Budget Concerns
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch...
New Saudi Stock Market Opens With Gains of 20 Percent
Saudi Arabia on Sunday launched a parallel equity market designed to boost small and medium enterprises that closed up...
Good Times Over For Expats In Saudi
Seventeen years after first setting foot in Saudi Arabia, Dominic Steck shipped his two cats and returned to Germany...
Women Named To Head Saudi Bourse, Major Bank
Women have been named to head Saudi Arabia's stock exchange and a major bank, the institutions announced, despite the...