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 government of Saudi Arabia

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Following MBS's new leadership role in the kingdom, Saudi Oger witnessed its closure amid financial burdens the company has been facing for years. "The government owes Oger about 30 billion riyals ($8 billion) for work it has completed. This huge backlog of payments has left Oger struggling to meet its ...
Saudi Arabia was a longtime supporter of Egyptian leader Hosni Mubarak before his overthrow in 2011. It did not support the successor government of Mohamed Morsy and the Muslim Brotherhood. After Morsy's overthrow in 2013, Saudi Arabia returned its support to new president Abdel Fattah el-Sisi.
Saudi Binladin Group announced on Saturday that a number of its partners might concede their shares to the government as part of a financial reconciliation package, Alkhaleej Online reported. The Saudi giant said in a statement that it is continuous in its work with the Saudi government, including ...

Saudi Binladin Group may have settled with government A towering construction crane, center, is seen collapsed over the Grand mosque, in Mecca, Saudi Arabia, on Sept.12, 2015. A Saudi court has cleared the Binladin Group of responsibility for the 2015 collapse. (Associated Press/-) ...
The good news comes for two important constituencies: Saudi households and Saudi businesses. Both will benefit from the government's largesse in offsetting big price rises via value added tax and the reduction of subsidies on fuel and power, even though they will have to deal with the prospect of higher ...
Dubai: International equity index compiler MSCI said it expected to include Saudi Aramco in its Saudi Arabia Index from the time of the oil giant's IPO, ... The Saudi government plans to raise tens of billions of dollars by selling about 5 percent of Aramco during the second half of this year, in what could be ...
A parliamentary commission looking into the Brussels attacks recommended last October that the government break the 99-year, rent-free lease on the mosque, given to then-Saudi King Faisal in 1969 by Belgian King Baudouin (inset). Interior minister Jan Jambon has said that he intends to follow the ...
The Saudi government plans to raise tens of billions of dollars by selling about 5 percent of Aramco during the second half of this year, in what could be the world's largest-ever initial public offer of shares. "Passive" funds tracking the MSCI Saudi Arabia Index would flow into Aramco shares as soon as the ...
Possible US participation in the Saudi civil nuclear program. In recent months, the Saudi government has reached out to nuclear reactor vendors to encourage them to bid on a project to construct two nuclear power reactors in the Kingdom, an initial phase in a multibillion-dollar program intended eventually ...
women aged 25 and over can be granted a tourist visa to go to Saudi Arabia alone, says the Saudi government. ... Arab News, in a report today, quoted a spokesman for the Saudi Commission for Tourism and National Heritage (SCTH) as saying that women under 25, however, must be accompanied by a ...
Uber and Careem hope their recruitment drive of women can support the Saudi government's efforts to reduce the country's unemployment rate, which the Saudi General Authority for Statistics estimates to be at 12.8%. A Careem captain driving the lowest class of car for eight hours a day makes between ...
WikiTribune talks to Assiri about how he became an activist, and what lies ahead for Saudi Arabia under the almost de facto leadership of Crown Prince Mohammad bin Salman. Saudi Arabia was relatively late connecting to the internet because the government was concerned about how this new service ...
"The response of Saudi citizens was very very negative," said Khalid Ashaerah, a business consultant in Riyadh. He blamed the discontent on several reasons, including "the weakness of local media" in raising awareness about the government's plans, the additional strain on indebted Saudis, the squeeze ...
Saudi women prepare to attend football matches as ban on entry to stadiums lifted next week ... Saudi government announced the lifting of the ban late last year and as a result, women will be treated to three upcoming Saudi Professional League matches in which six major sports clubs will play.

Saudi Arabia's King Salman has authorized a range of bonuses and payouts for citizens, including a monthly payment of 1,000 riyals ($267) for civil servants for the coming year just days after a new tax was introduced and subsidies were lifted on gasoline. The government said the measures are meant to ...
The Saudi monarchy - driven by Crown Prince Mohammed bin Salman - this week doubled petrol prices and introduced a VAT tax to try to take on a 195 billion riyal (£38 billion) budget deficit caused by years of low oil prices. But wary of public anger over the price rises, the government announced ...
Construction work has begun, the Saudi government said, with the first phase scheduled to complete by 2025. The cost will be funded by Saudi's new sovereign wealth fund, the Saudi Arabian Public investment fund, which will include money from the sale of part of the country's state-owned oil company ...
The 9/11 Commission report found "no evidence that the Saudi government as an institution or senior Saudi officials individually funded" the attacks ... companies and businesses, have filed numerous lawsuits seeking over $100 billion from numerous governmental and non-governmental defendants. Iran ...
"Though this could weaken consumption, this was expected and should reaffirm the government's resolve to driving the growth of the non-oil economy," said Riyadh-based Al Rajhi capital in a report. Saudis are also paying more for most consumer goods and services. A new 5% sales tax took effect on ...
Apple and Amazon have both been on a Saudi priority list of foreign firms which officials hope to attract to further their reforms, one of the sources said. "Many tech multinationals now in Saudi Arabia are either vendors to the Saudi government or, in the case of Uber, have benefited from a sizable Saudi ...
New Delhi: AIMIM chief Asaduddin Owaisi said that PM Narendra Modi is "taking credit" for an existing Saudi regulation that allows women over the age of 45 ... Owaisi was referring to the fact that the Saudi government was ahead of the Indian government in changing the rule+ and letting Muslim women ...
Shehbaz appreciated the role Saudi Arabia played in the ongoing Palestine issue, sources added. The chief minister is expected to leave for Lahore today. Meanwhile, Punjab government spokesperson Mohammad Ahmed Khan condemned the allegations levelled against Shehbaz on his visit to Saudi ...
"The imposition of VAT will help to raise tax revenues of the Saudi government to be utilised for infrastructure and developmental works," Mohammed Al-Khunaizi, a member of Saudi's Shoura Council, said on Sunday. The other GCC members - Qatar, Bahrain, Oman and Kuwait - have until January 1, 2019 ...
The country also introduced on Monday the VAT within the framework of a unified agreement endorsed by the member states of the Gulf Cooperation Council (GCC). "The imposition of VAT will help to raise tax revenues of the Saudi government to be utilized for infrastructure and developmental works," said ...
They bet instead on a young generation of Saudis hungry for change and a Saudi public fed up with corruption and government bureaucracy. In June, the kingdom plans to begin issuing driving licences to women, even allowing them to drive motorcycles, according to local reports. It will be a huge change ...
6 statement it had the full confidence of the Saudi government. Officials at the company didn't respond to a request for further comment when contacted by email. The government's Center for International Communication said it can't comment due to Saudi laws protecting an individual's right to privacy.
Saudi government on top of efforts to contain H5N8 avian flu outbreak. MOHAMMED AL-KINANI ... Concerned governmental bodies are intensifying their efforts to control the H5N8 virus after the discovery of cases on Tuesday at Al-Azizia Birds market in Riyadh. Over the last two days, the ministry, ...
The Wall Street Journal is reporting that Alwaleed is in talks with the government about giving up a significant portion of his Kingdom Holding Co. ... Prince Alwaleed Bin Talal, detained since early November in a corruption probe, faces a demand from Saudi Arabian authorities of at least $6 billion to win his ...
RIYADH: Seventeen government entities are working together on a joint call center and operations room to protect consumer rights, the Ministry of commerce and Investment said. The plan is to protect consumers from any unjustified rise in the price of goods and potential commercial misdeeds in light of ...
About two-thirds of working Saudis are employed in the public sector. Their salaries and allowances accounted for 45% of government spending in 2015 and contributed towards a record deficit. Saudi Arabia and the UAE have already taken other steps to boost government coffers. In Saudi Arabia this ...
2 (Xinhua) -- A senior Iranian security official said Saudi Arabia, the U.S. and Britain are major players behind recent anti-government protests, Press TV reported Tuesday. Certain countries are waging a "proxy war" against the Islamic republic via social media and the internet, Ali Shamkhani, secretary of ...
The Saudi blockade is an escalation in Yemen's civil war. ... out of Yemen to show you what the Saudi government does not want you to see.
President Donald Trump's plea to Saudi Arabia to award the New York ... But it is far from certain that the Saudi government, which effectively ...
Dozens of trading accounts were blocked at the request of the capital market Authority, the Saudi government's financial regulatory body, ...
A Saudi government official with close ties to security says 11 princes and 38 others are being held in five-star hotels across the capital, Riyadh.
Meanwhile, Saudi government admitted that Houthi missile targeted the capital Riyadh, saying the missile fell and exploded north of the airport, ...
The arrests were announced by Al Arabiya, the Saudi-owned government satellite network. Alwaleed's Kingdom Holding has major stakes in ...
The government is still planning a further round of subsidy cuts later in 2017, he said. Officials propose to start a cash transfer program called ...
Sophia the robot has been granted Saudi citizenship. ... In a statement, the Saudi government's Center for International Communication ...
The Saudi government has approved plans to begin issuing tourist visas, according to sources quoted by Saudi daily Al Watan. In the first stage ...
"As a general matter, no government can 'destroy extremist thoughts,' including the government of Saudi Arabia," Georgetown University ...
When Sophia the robot was given Saudi Arabian citizenship on Oct. 25, the ... And it isn't just an AI future the Saudi government is focusing on.
Mohamed Abdelmeguid, Middle East and Africa analyst at The Economist Intelligence Unit, told CNBC: "The Saudi government, with its large ...
Since then, he has become one of the Saudi government's biggest international business allies as it seeks to start three new megaprojects ...
The Saudi government plans to build a retractable roof over the Kaaba, the sacred cube located in the center of Mecca, to protect pilgrims from ...
Saudi Arabia's Public investment fund, which holds a 74 percent stake in ... The Saudi government would retain a controlling stake, it said.
RIYADH: Ahmed Abdulkarim Alkholifey, governor of the Saudi Arabian Monetary Agency (SAMA) and chairman of the Anti-money laundering ...


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