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Financials and Investment News in Saudi Arabia

Saudi: AGF Approves Financing Agricultural Projects
12/14/2017 - The Board of Directors of Agricultural Development Fund (AGF) has approved in a meeting chaired by Minister of Environment, Water and Agriculture and Chairman of the Board Engineer Abdulrahman bin Abd...
Saudi: Minister of Commerce and Investment Confirms the King's Efforts to Support Private Sector
12/14/2017 - Minister of Commerce and Investment Dr. Majed bin Abdullah Al-Qasabi announced launching of a stimulating plan comprising 17 initiatives amounting to SR 200 billion over the upcoming four years aimin...
Saudi: Turkey and South Africa Firms Face Negative Outlook Even As GCC Peers See Stable 2018
12/16/2017 - Higher oil prices and continued public spending support the stable 2018 outlook on non-financial companies in the Gulf Cooperation Council (GCC), said Moody's Investors Service in a report published o...
Saudi State Budget Expected
12/17/2017 - The Council of Ministers will have a special session to approve the State’s general budget for 2018, according to reports in a section of the Arabic press.

The Cabinet will review the perform...
Saudi: Aramco Welcomes Schlumberger Plan to Develop State of the Art Manufacturing Center
12/17/2017 - Saudi Aramco has welcomed plans by Schlumberger to develop an industrial manufacturing center within the King Salman Energy Park in the Kingdom of Saudi Arabia.

The announcement was made at a...
Jeddah: Binzagr Invests Further in KAEC Industrial Valley
12/18/2017 - Binzagr Company has purchased 163,453sqm of land in the Industrial Valley at King Abdullah Economic City (KAEC) as part of its strategic expansion plans to serve markets in Saudi Arabia and MENA.
...
The Ministry of Foreign Affairs for Political and Economic Affairs Receives Russian Ambassador
12/26/2017 - Undersecretary of the Ministry of Foreign Affairs for Political and Economic Affairs Ambassador Dr. Adel bin Siraj Mirdad received here Russian Ambassador to the Kingdom of Saudi Arabia Sergei Kozlov...
Jeddah -Malabar Gold & Diamonds Unveils New Festival Edition
12/27/2017 -  Malabar Gold & Diamonds, one among the big 5 jewelry retailers globally with a strong retail network of over 195 retail outlets spread across nine countries, has unveiled the details of its seventh e...
Saudi and Bahrain Customs Announce Activation of Fast Track at King Fahd Causeway
12/28/2017 - Director General of General Customs Authority Ahmed bin Abdulaziz Al-Haqbani has affirmed the activation of the ''Fast Track" at the Customs of King Fahd Causeway from Saudi and Bahraini sides aiming ...
Jeddah -DLT Signs Agreement with Russian Center
12/28/2017 - Distance Learning and Training Company Group (DLT), the strategic partner of the Union of News Agencies of the organization of Islamic Cooperation, signed a memorandum of strategic cooperation with th...
Saudi Arabia to Implement VAT Mon.
1/1/2018 - Saudi Arabia begins the implementation of value added tax (VAT) by virtue of the GCC VAT agreement approved by member states in December 2015.

Saudi General Authority for Zakat and Income (G...
Saudi :Explain Mechanism of Applying Prices of New Domestic Petroleum Derivatives
1/1/2018 - Further to the statement of the Ministry of Energy, Industry and Mineral Resources issued on the plan of the financial balance program to correct the prices of energy products (local oil derivatives) ...
Saudi Economic Reforms on Track
1/1/2018 - The government announced an increase in gasoline prices , part of the economic reforms post the hike in electricity tariff, introduction of VAT, and citizen account program, affirming its commitment o...
Saudi: SAGIA and MBSC Sign Agreement to Support Entrepreneurship
1/2/2018 - Saudi Arabian General Investment Authority (SAGIA) and Mohammed Bin Salman College for Business and Entrepreneurship (MBSC) signed here today an agreement to support pioneering projects in the Kingdom...
Saudi: Economic, Development Affairs' Council Reviews Various Relevant Issues
1/3/2018 -  Council of Economic and Development Affairs held a meeting at Al-Yamamah Palace here .

During the meeting, the council reviewed Various relevant issues, including a presentation from Private...
Saudi Arabia, Japan Discuss Bilateral Ties
1/4/2018 - Undersecretary of Ministry of Foreign Affairs for Political and Economic Affairs, Ambassador Dr. Adel Siraj Mirdad received here Japan's Ambassador to the Kingdom Tsukasa Uemura.

During the ...
Riyadh: The Council of Saudi Chambers Discusses Investment Opportunities in Iraq
1/9/2018 - The Council of Saudi Chambers (CSC) held a workshop on promising investment opportunities in Iraq organized by Saudi-Iraqi Business Council in the presence of Undersecretary of Ministry of Energy, In...
Riyadh: The General of the Gulf Cooperation Council Standards Organization Receives GPCA Delegation
1/10/2018 - The Secretary General of the Gulf Cooperation Council Standardization Organization Nabil bin Amin Mulla received here the Secretary General of Gulf Petrochemicals and Chemicals Association (GPCA) Abdu...
Saudi: Custodian of the Two Holy Mosques Receives Japanese Minister of Economy, Trade and Industry
1/14/2018 - The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here Japanese Minister of Economy, Trade, Industry and Energy Hiroshige Seko.

During the...
Saudi-Japanese Business Forum Starts Its Sessions
1/14/2018 - The Saudi-Japanese Business Forum, being organized by the General Investment Authority at Al-Faisaliah Hotel in Riyadh, will start in the presence of the Minister of Commerce and Investment Dr. Majid...

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