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Saudi Arabia’s King Salman has approved a scheme to reimburse some of the companies who struggled to pay steadily increasing fees for expatriate work permits in 2017 and 2018 and waive the fee hikes for some who weren’t able to pay, the labor minister said. The government is allocating 11.5…
Historically, Saudi Arabia has been targeted by “jihadist” terrorist organizations more than most other countries. Official estimates say that between 1979 and 2017 there were more than 840 terrorist attacks targeting the kingdom. As a result, the country has accumulated a certain degree of know-how in how to combat violent…
The August 2018 chart book by Jadwa Investments provides useful insights into Saudi Arabia’s economy. Real economy Data for June showed mixed economic activity. While PoS transactions were up 6.8 percent year-on-year, ATM transactions were down 4.4 percent, reflecting slower activity during the eid al-fitr holidays. Cement sales continued to drop, with a…
In a two-page opinion piece published in the Monday July 23 issue of Arab News, Prince Khalid bin Salman, the Saudi Ambassador to the United States, warned the world that Iranian aggression must be confronted. Appeasement was unsuccessful in halting Nazi Germany’s rise to power, he wrote, and it would…
Saudi Arabia’s record $17.5 billion bond issue Saudi Arabia conducted the largest-ever emerging market bond sale last month, selling $17.5 billion of debt in the government’s first international offer while attracting investor orders totalling almost four times that amount. Reuters attributed the huge demand, larger than many market participants had…
At the end of April, Saudi Arabia’s council of economic and development affairs, chaired by crown prince Muhammad bin Salman, approved the kingdom’s privatization program. The program aims to generate 35 billion to 40 billion riyals ($9 billion to $11 billion) by 2020 and create up to 12,000 jobs. It…
What is the current volume of trade between KSA and China? Our statistics indicate that the volume of trade with Saudi Arabia increased from $43 billion in 2016 to $50 billion in 2017. That’s a big increase in a single year. That said, I should note that at one time…
After meeting with U.S. President Donald Trump in Washington D.C. on March 19, Saudi Arabia’s crown prince Mohammad bin Salman’s two-week tour of the United States took him to New York, Boston Houston, Seattle, San Francisco and Los Angeles meeting along the way with some of the top political and…
LEADERS MENA MAY 2023