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Financials and Investment News in Saudi Arabia

Saudi Arabia:GCC Industry Ministers Hold Their 42nd Meeting
5/13/2016 - The Ministers of Industry of the Gulf Cooperation Council (GCC) for Arab States held their 42nd meeting in Riyadh chaired by the Minister of Energy, Industry and Mineral Resources Khalid Bin Abdulaziz...
Custodian of the Two Holy Mosques Chairs Cabinet Session
5/16/2016 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet's session at Al-Salam Palace in Jeddah.

- The Custodian of the Two Holy Mosques briefed the Cabinet...
Saudi Arabia, UAE Sign Protocol to Establish the Saudi UAE Coordination Council
5/16/2016 -  In the presence of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed...
Saudi Arabia and Malaysia Sign MoU on Tourism Promotion
Saudi Arabia and Malaysia Sign MoU on Tourism Promotion 5/17/2016 - Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National Heritage, and Minister of Tourism and Culture of Malaysia Mohammad Nazari Abdulaziz have signed at the he...
Custodian of the Two Holy Mosques Receives Premier of the Republic of South Korea
5/25/2016 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Salam palace , the Prime Minister of the Republic of South Korea, Hwang Kyo-ahn.

The Custodian of the Tw...
Saudi Arabia determine to make qualitative leap in national economy Vision 2030
5/25/2016 - Prince Abdullah bin Faisal bin Turki, the Saudi ambassador to the United States, confirmed that the Kingdom is determined to make a quantum leap in the national economy through the kingdom's "vision 2...
Official Retracts Statement that Mecca's Metro Project Delayed
5/25/2016 - A $16.5 billion mass transit project planned for Saudi Arabia’s holy city of Makkah has been delayed so that its financing can be restructured, the head of the implementing body said.

The ki...
Saudi Arabia Ambassador to Australia in World Business Forum.
5/26/2016 - Ambassador of the Custodian of the Two Holy Mosques to Australia and New Zealand, Nabil bin Mohammed Al Saleh participated in the activities of the "World Business Forum", which kicked off in the "Sta...
Saudi Foreign Minister Hails Saudi-EU Strong Ties
6/1/2016 - Foreign Minister Adel bin Ahmed Al-Jubeir said that the Kingdom of Saudi Arabia and the European Union enjoy strong ties in the economic, political, educational and social spheres, noting that the Eur...
Saudi Cabinet Approves Economic Diversification Plan
6/7/2016 - The Saudi cabinet has approved a major plan to diversify the national economy away from oil and to generate 450,000 non-government jobs by 2020.

The National Transformation Programme (NTP) 20...
Saudi Officially Endorses Economic Plan Away from Oil
6/10/2016 - The Saudi cabinet has approved a major plan to diversify the national economy away from oil and aiming to generate 450,000 non-government jobs by 2020.

The National Transformation Programme (...
Powerful Saudi Crown Prince Visits US
6/13/2016 - Saudi Arabia's influential deputy crown prince, Mohammed bin Salman, who leads an economic reform drive at home, left for talks in the United States, official media said.

The visit comes with...
Saudi Opens Retail Sector to Greater Foreign Investment
6/14/2016 - Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said, as part of wide-ranging economic reforms.

The cabinet approved rules "for foreign...
Saudi Arabia's vision 2030 Embodies Guarantee of a Better Future for the Nation and its People
6/14/2016 - The Kingdom of Saudi Arabia has expressed pride that Islamic Sharia law is its life system and constitution which guarantees an honorable life for its citizens and a prosperous and continuous developm...
Saudi Prince to Boost Ties in France
6/24/2016 - Saudi Arabia’s powerful Deputy Crown Prince Mohammad Bin Salman travels to Paris next week to reinforce growing ties between the two countries, the French embassy in Riyadh said.

Prince Moham...
Saudi non-oil GDP growth to slow to 2.8 percent this year
6/26/2016 - Growth in Saudi Arabia's non-oil gross domestic product is expected to slow to 2.8 percent in 2016 from 3.4 percent in 2015, Saudi central bank governor Ahmed al-Kholifey told state television station...
Saudi Energy Minister Says Oil Market Heading Toward a Balance
7/3/2016 - The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to se...
Foreign investment, youth workshops imperative to achieve Saudi Vision 2030
7/11/2016 - In order to attract foreign investors, Saudi Arabia is well on its way to opening up markets and adapting regulations to enhance ‘Ease of Doing Business’ in the country, according to Pearl Initiative,...
Saudi prosecutors bring charges over Grand Mosque crane disaster
7/12/2016 - Suspects including engineers and two government employees will face trial in Saudi Arabia over the deaths of 107 people when a crane toppled over at Mecca's Grand Mosque last year, a local newspaper t...
King Salman bin Abdulaziz Receives Ambassador of United States
King Salman bin Abdulaziz Receives Ambassador of United States 7/13/2016 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Salam Palace Ambassador of the United States of America to the Kingdom Dr. Joseph W. Westphal.

During th...

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