BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

RIYADH | SAUDI ARABIA - Saudi Arabia’s energy ministry is to offer assistance so that NEOM, a $500 billion high – tech development that includes tourism and sport facilities on the Red Sea, can be completed on Schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km development, first revealed in 2017 … Continue reading BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

BUSINESS | Saudi Information Security Firm Elm To Aquire Tabadul

Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a statement on Sunday. The Public Investment Fund (PIF) also owns Elm and was considering an initial public offering of the information security company, sources told Reuters in May. The value of the deal, … Continue reading BUSINESS | Saudi Information Security Firm Elm To Aquire Tabadul

NEWS | Saudi King Orders Appointment Of 156 Members To Judiciary

RIYADH | SAUDI ARABIA – Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud order on Monday the appointment of 156 men and women with the rank of investigative lieutenant to Saudi Arabia’s Public Prosecution. Attorney General Skeikh Saudi bin Abdullah Al-Mujab said the order is in line with King Salman’s ongoing … Continue reading NEWS | Saudi King Orders Appointment Of 156 Members To Judiciary

BUSINESS | Russia Fund Says Will Continue To Invest In Saudi Arabia: Al-Arabiya

RIYADH | SAUDI ARABIA – Russia’s sovereign wealth fund will continue to invest in Saudi Arabia’s Vision 2030 development programme, the Saudi-owned Al Arabiya channel on Monday cited the head of the fund as saying. Krill Dimitriev, who is also one of Moscow’s top oil negotiators, said a global agreement to cut oil production prevented … Continue reading BUSINESS | Russia Fund Says Will Continue To Invest In Saudi Arabia: Al-Arabiya

SAUDI ARABIA | SAGIA To Become An Independent Ministry

RIYADH | SAUDI ARABIA – Transforming the Saudi General Investment Authority (SAGIA) into an independent ministry represents a fundamental shift in the national economy. Such a move would diversify production and attract qualitative investments, according to an economist and member of the Saudi Shura Council. Saudi Arabia announced Tuesday that SAGIA will become the Ministry … Continue reading SAUDI ARABIA | SAGIA To Become An Independent Ministry

SAUDI ARABIA | Jeddah To Host 7th National Quality Conference

JEDDAH | SAUDI ARABIA - - The Saudi Standards, Metrology and Quality Organization (SASO) is organizing the seventh National Quality Conference from Feb.25 to Feb.27, the Saudi Press Agency reported. The event is being held under the patronage of Majid Al-Qasabi, minister of commerce and investment, at the Ritz-Carlton hotel in Jeddah. The ‘Quality in … Continue reading SAUDI ARABIA | Jeddah To Host 7th National Quality Conference

BREAKING NEWS | Saudi Arabia Grants First Permanent Residencies To Foreigners

RIYADH/SAUDI ARABIA – Saudi Arabia has granted “premium” residency to 73 foreigners as part of its efforts to attract foreign investment into the country. The Kingdom said it received thousands of applications after offering permanent residency for a one-time fee of 800,000 riyals (U.S. $213,301), and an annual renewable “premium” residency for 100,000 riyals per … Continue reading BREAKING NEWS | Saudi Arabia Grants First Permanent Residencies To Foreigners

BREAKING NEWS | Saudi Arabia To Host Global Ai Summit In 2020

RIYADH/SAUDI ARABIA – The Global Artificial Intelligence Summit 2020 will be held in Saudi Arabia, according to Saudi Press Agency (SPA). The Summit – held under the patronage of Crown Prince Mohammed Bin Salman Bin Abdulaziz Al Saud – will take place in Riyadh on 30-31 March next year. The event is the leading international … Continue reading BREAKING NEWS | Saudi Arabia To Host Global Ai Summit In 2020

BREAKING NEWS | What You Need To Know: A Timeline Of Saudi Arabia’s Vision 2030 Reforms

RIYADH/SAUDI ARABIA  - Since Saudi Arabia’s Crown Prince Mohammed Bin Salman introduced the ambitious reform plan known as Vision 2030 in 2016, the Kingdom has made strides towards diversifying its economy and reducing its dependence on oil revenues. “[Vision 2030 ] expresses our long-term goals and expectations, and it is built upon our country’s unique … Continue reading BREAKING NEWS | What You Need To Know: A Timeline Of Saudi Arabia’s Vision 2030 Reforms

BREAKING NEWS | Saudi Arabia To Deliver First Batch Of Premium Residency Next Month

RIYADH/SAUDI ARABIA – Saudi Arabia is expected to deliver the first batch of premium residence permits in mid-November. The Saudi government announced in June that it would start receiving application for those who wish to obtain special residency through the comprehensive electronic platform, SAPRC. The premium residency offers two options: the first: a permanent residency … Continue reading BREAKING NEWS | Saudi Arabia To Deliver First Batch Of Premium Residency Next Month