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Financials and Investment News in Saudi Arabia

Saudi Reform Plan Fights unemployment
7/13/2016 - Their heads bowed, young Saudi men concentrate on exam papers in a workshop filled with industrial machines that will help them earn a living.

The students at the Higher Institute for Plastic...
Saudia at the forefront of Kingdom 2030 Vision
7/20/2016 - Saudi Arabian Airlines raised the logo of the Kingdom’s 2030 Vision in front of its main office in Al-Khaldiyah on King Abdulaziz Road.

Saudi Airlines General Director Saleh Al-Jasser said it...
Dell’s Technology Thrust aligns with Saudi Arabia 2030 Vision
7/26/2016 - DELL is announced its continued momentum in providing customers in Saudi Arabia with future-ready technology. As technologies and IT are increasingly able to give businesses a competitive advantage, C...
Saudi citizen is a key partner in achieving Kingdom’s Vision 2030
8/6/2016 - Ambassador of the Custodian of the Two Holy Mosques to the Arab Republic of Egypt, Kingdom’s permanent representative to the Arab League, Dean of the Arab Diplomatic Corps Ahmed bin Abdulaziz Qattan, ...
SEC Fuels Wind, Solar Projects In Line With Saudi Vision 2030
8/14/2016 - In line with the Kingdom’s Vision 2030, the Saudi Electricity Company (SEC) have begun technical studies to take advantage of renewable energy and in line with that has identified sites that could pro...
Oil Prices Fall As Saudi Arabia Dampens Prospects Of Output Freeze
8/27/2016 - Oil prices fell after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was...
Saudi Arabia Signs Initial Deals With China On Prince's Visit
Saudi Arabia Signs Initial Deals With China On Prince's Visit 8/30/2016 - Saudi Arabia signed 15 preliminary agreements with China in sectors from energy to housing on a trip headed by Deputy Crown Prince Mohammed bin Salman aimed at bolstering relations with a top energy c...
Japan To Help Saudi In Economic Reform
9/2/2016 - Japanese Prime Minister Shinzo Abe offered to help Saudi Arabia in its effort to achieve economic reform and reduce its dependence on oil production, public broadcaster NHK reported.

In his m...
Saudi Arabia Injects $5.3 Billion into Banks to Ease Crunch
9/26/2016 - Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices. Banks’ shares advanced.

The Saudi Ara...
Saudi King Cuts Ministers' Salaries 20%
Saudi King Cuts Ministers' Salaries 20% 9/26/2016 - Saudi Arabia's King Salman cut cabinet ministers' salaries by 20 percent and reduced other state officials' benefits in a continuing austerity drive to cope with lower oil revenues.

The 160 m...
Saudi Arabia Borrows $17.5 Bn in First International Bond Offering
10/20/2016 - Saudi Arabia borrowed $17.5 billion in its first international bond issue, HSBC announced Thursday, after the bank took part in the transaction.

Saudi has divided the total into three tranche...
Saudi Arabia Enjoys Financial Strength despite Current Challenges
Saudi Arabia Enjoys Financial Strength despite Current Challenges 10/26/2016 - Saudi Arabia is facing domestic, economic, financial and global challenges while enjoying a position of strength, whether at the financial or cash levels, Saudi Finance Minister Ibrahim Al-Assaf said....
Saudi King Meets With IMF Chief
10/26/2016 - Saudi King Salman bin Abdulaziz Al Saud received visiting Managing Director of International Monetary Fund (IMF) Christine Lagarde in Riyadh.

At the reception, they reviewed cooperation betwe...
Custodian of the Two Holy Mosques: Kingdom Living Vision 2030 Historic Transformation
Custodian of the Two Holy Mosques: Kingdom Living Vision 2030 Historic Transformation 10/26/2016 -  Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud stressed that the Kingdom of Saudi Arabia is living a historic shift through its 2030 Vision which includes programs and initiative...
Saudi Arabia Has New Finance Minister
Saudi Arabia Has New Finance Minister 10/31/2016 - Saudi King Salman bin Abdulaziz Al Saud issued a royal order reliving Minister of Finance Dr. Ibrahim Al-Assaf from the post, and replacing him with Mohammad bin Abdullah Al-Jadaan.

Al-Assaf...
Saudi Arabia Witnessing Social, Economic Renaissance
Saudi Arabia Witnessing Social, Economic Renaissance 11/27/2016 - Saudi Arabia is witnessing a social and economic renaissance due to ambitious development plans, said Custodian of the Two Holy Mosques King Salman during a reception held in his honor by the people o...
SAMA and Capital Market Authority Warning
12/19/2016 - Saudi Arabian Monetary Authority (SAMA) and Capital Market Authority (CMA) have warned investors in securities and the public against dealing with suspicious websites that may practice illegal activit...
Saudi General Authority for SME Delegation Visits Dubai Future Accelerators
12/20/2016 - The importance of Dubai Future Accelerators (DFA) programme and its role in anticipating and planning for the future were highlighted during the recent visit of a high-level delegation from Saudi Arab...
Saudi : Deputy Crown Prince Meets Ceo of Japan's Stock Exchange
12/22/2016 - Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, the Second Deputy Prime Minister and Defense Minister, met at his office in Riyadh CEO of Japan's Stock Exchange Akira Kyota.

During th...
Saudi Paper Retracts Aramco 49% Stake Sale Plan Story
12/25/2016 - The Riyadh-based newspaper al-Eqtisadiah retracted a story saying Saudi Arabia is planning to sell almost half of Saudi Arabian Oil Co., the world’s largest oil company known as Aramco. .

The...

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