Week 38 – News Update from the Kingdom

Oil prices have risen by the largest amount ever after an attack on Saudi oil facilities halted the production of 5.7 million barrels a day. The Saudi authorities have announced that they plan to restore at least two million barrels of production by the end of Monday. In other news, according to data released by…
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Week 37 – News Update from the Kingdom

Saudi Arabia’s King Salman issued a royal decree replacing the previous energy minister, Khalid al-Falih with one of the King’s sons. Khalid’s replacement is Prince Abdulaziz bin Salman, who has a lifetime of experience in the energy sector and has held senior roles in the energy ministry for more than three decades. In other news,…
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Women to Teach Boys in Saudi Public Schools

The Ministry of Education has made an announcement that Saudi women will now teach Saudi boys from the ages of four to eight years old in public schools. The decision will affect 1,460 government schools across the Kingdom and will account for 13.5 percent of young males. The private education sector in Saudi Arabia made…
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Week 36 – News Update from the Kingdom

A new report from KPMG Al Fozan & Partners has stated that Saudi Arabia’s deflation is expected to normalise in 2020. The introduction of VAT drove inflation to 2.5 percent last year from -0.8 percent in 2017. King Salman has issued a number of royal decrees, splitting the energy, industry and mineral resources ministry as…
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Q5 Partners LLP – Case Study

“AEI has been our local delivery partner to Q5 in Saudi Arabia from day one. In the beginning, Q5 approached AEI for Market Entry advice. This advice proved to be critical, not only from a company investment perspective but also in terms of operational delivery best practice; detailing how to approach and deliver in the…
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Week 35 – News Update from the Kingdom

Saudi Arabia has launched an instant labour visa service available through the Ministry of Labour and Social Development’s qiwa portal. It allows private sector firms which have reached a higher percentage of Saudisation and comply fully with the ministry’s regulations to obtain a visa immediately, without having to go through the usual recruitment process, which…
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End of an Era, Olaya Residency Closing

It’s true, time flies. In some ways it really doesn’t seem possible that just over six years ago we launched our first physical Saudi service in the form of the Olaya Residency (OR). Many readers will be familiar with the OR and will no doubt be saddened to hear that it is closing. It was…
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Week 34 – News Update from the Kingdom

A drone attack launched by Yemen’s Houthi group on an oilfield in the Eastern Region of Saudi Arabia on Saturday caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said. The remote Shaybah field produces around one million barrels per day, just under 10 percent…
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Healthcare & Life Sciences Trade Mission – Sep 2019

The Consultancy team at AEI will be supporting the UK Department for International Trade Healthcare & Life Sciences Trade Mission in September. The mission will be attended by 22 British companies and will be spread across three days and two cities, running from the 8th-10th September between Jeddah and Riyadh. Beginning in the coastal city…
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Week 33 – News Update from the Kingdom

A statement released by the Saudi state-owned energy giant Aramco reveals that the first half net income for 2019 had dropped to $46.9 billion, compared to $53.0 billion for the same period last year. The drop in income has been attributed to lower crude oil prices. Saudi Crown Prince MbS continues to insist on a…
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