Saudi Unemployment Unchanged At 11.3% In Q3

PARIS, France – Unemployment among Saudi citizens remained at 11.3% in the third quarter, unchanged from the previous three months, official data showed on Monday. The unemployment rate of Saudi Arabia’s working age population, which includes all residents above 15 years old, was 6.6.% in the third quarter, data from the General Authority for Statistics … More Saudi Unemployment Unchanged At 11.3% In Q3

Saudi Arabia Plans Airport Takeovers And Privatisations, Asharq Al – Awsat Reports

PARIS, France – Saudi Arabia plans to convert its airport operators into holding companies and transfer them to its powerful sovereign wealth fund with a view to eventual privatisation for some, the head of Saudi Arabia General Authority of Civil Aviation said on Monday. Abdulaziz Al – Duailej told Saudi – owned Asharq Al – Awsat … More Saudi Arabia Plans Airport Takeovers And Privatisations, Asharq Al – Awsat Reports

Omani, Saudi Companies Sign $10 Bln MoUs Ahead Of Crown Prince’s Visit

OMAN – Omani and Saudi firms signed 13 memoranda of understanding (MoU) potentially valued at more than $10 billion, Omani official media reported on Monday, as Saudi Crown prince Mohammed bin Salman sets off on a Gulf tour. Oman’s state energy company OQ signed an MoU with petrochemicals firm Saudi Basic Industries Corp (SABIC) on … More Omani, Saudi Companies Sign $10 Bln MoUs Ahead Of Crown Prince’s Visit

UAE To Sign Major Deals During French President’s Visit – Emirati Official

PARIS, France – The United Arab Emirates and France will sign major contracts when President Emmanuel Macron visits Dubai on Dec.3, a senior Emirati official said on Tuesday, as the two close allies look to deepen economic and political ties. ‘I don’t want to spoil the Christmas present with the president’, Anwar Gargash, diplomatic adviser to … More UAE To Sign Major Deals During French President’s Visit – Emirati Official

Saudi Arabia Working On 160 Privatisation, Says Finance Minister

PARIS, France – Saudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al – Jadaan said on Thursday. Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing. Earlier this year, Saudi Arabia suspended the privatisation of … More Saudi Arabia Working On 160 Privatisation, Says Finance Minister

Ferrari Roars Out With High Octane Daytona SP3 For Its Icona Fans

MILAN, Italy – Ferrari’s new high octane model, the Daytona SP3, ends a long wait by lovers of its Icona – series cars, although it may not be welcomed by those trying to curb carbon emissions. With an 840 horse power, 12 – cylinder (V12) aspirated mid – rear – mounted engine, the Daytona SP3 … More Ferrari Roars Out With High Octane Daytona SP3 For Its Icona Fans

Saudi Bourse On Course To Extend Losses After Done Attacks

PARIS, France – Most major stock markets in the Guld fell in early trade on Monday, with the Saudi Index leading the losses a day after its biggest one – day fall in over a year following drone attacks. Yemen’s Iranian – aligned Houthi movement said on Saturday it had fired 14 drones at several Saudi … More Saudi Bourse On Course To Extend Losses After Done Attacks

Dubai Introduces Five – Year Visa For Employees Of International Companies In Emirate

DUBAI – Dubai has introduced a five – year entry permit for employees of international companies based in the emirate, Crown Prince Sheikh Hamdan bin Mohammed said on Twitter. ‘Our goal is to facilitate institutions and enable their teams to move quickly and easily to and from Dubai to participate in meetings, conferences and exhibitions … More Dubai Introduces Five – Year Visa For Employees Of International Companies In Emirate

Saudi Q3 GDP Growth At 6.8%, Highest Since 2012

PARIS, France – Saudi Arabia’s economy grew 6.8% in the third quarter from a year earlier, the fastest expansion since 2012, official data showed on Tuesday, as the world’s top oil exporter benefits from rebounding global economy demand. ‘This positive growth was due to the high increase in oil activity by 9.0% as a result … More Saudi Q3 GDP Growth At 6.8%, Highest Since 2012