Week 26 – News Update from the Kingdom

The Saudi Tourism Authority (STA) has unveiled a new campaign, called Saudi Summer, to encourage residents to explore the Kingdom this year instead of taking holidays abroad. The Kingdom is planning to open 38 new tourist sites in seven different destinations across the country by 2022 and the sector is expected to provide 260,000 jobs…
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Doing Business in Saudi Webinar – 14th July

The Saudi British Joint Business Council (SBJBC) in partnership with the Sovereign Group and AEI Saudi will be hosting a ‘Doing Business in Saudi Arabia’ Webinar on 14 July. The webinar will focus on the practicalities of doing business in Saudi and include a presentation from the Saudi Arabian Ministry of Investment, panel sessions on…
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Week 25 – News Update from the Kingdom

Saudi Arabia returns to the ‘new normal’. From Sunday 21st June, curfews will be lifted and there will be a return of all commercial and economic activities in all cities and regions of the Kingdom. Social distancing and other preventative measures are required in all workplaces and employees must wear masks. In other news, Saudi…
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The New Normal – Covid-19 Measures Relaxed

The Saudi Ministry of Interior has confirmed that, as of 0600 this morning and 73 days since the initial lockdown, the Kingdom will begin to return to a ‘new normal’. From Sunday 21st June, curfews will be lifted and there will be a return of all commercial and economic activities in all cities and regions…
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Week 24 – News Update from the Kingdom

The Saudi Cabinet on Tuesday approved a new mining investment law that aims to revolutionize the Kingdom’s mining and metals industry and boost local and foreign investments in the sector. Industry and Mineral Resources Minister Bandar Alkhorayef described the law as a strategic initiative that will boost the mining sector’s contribution to gross domestic product…
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Week 23 – News Update from the Kingdom

Saudi Arabia has reimposed a curfew in the Red Sea city of Jeddah between the hours of 1500 and 0600, work in offices has also been suspended. The curfew will run for two weeks and has been implemented due to a spike in Covid-19 cases. In other news, Saudi Arabia is increasing custom fees that…
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Week 22 – News Update from the Kingdom

The Kingdom has eased coronavirus lockdown restrictions, resuming domestic flights, allowing travel between cities in private vehicles, restarting Friday prayers and allowing workers back into their offices if social distancing can be maintained. In other news, SAR150 billion ($40 billion) were transferred from the Saudi Arabian Monetary Authority’s foreign exchange reserves to the Kingdom’s Public…
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Eid Curfew – Important Advice for Visit Visa Holders

Saudi Arabia has declared a 24-hour curfew across all cities and regions in the Kingdom for the Eid holidays, from Saturday 23rd May until Wednesday 27th May – a total of 5 days. Due to the current lockdown restrictions, this means that the 24-hour curfew will begin at 1700 on Friday 22nd May. If you…
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AEI Eid Holiday Working Hours

As we prepare to celebrate the Eid Al Fitr holiday, AEI would like to take this time to inform our clients and partners of our working hours over the holiday period. AEI’s offices across the Kingdom will close from 1700 on Wednesday 20th May with staff returning to work at 0900 on Sunday 31st May…
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Week 20 – News Update from the Kingdom

Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year. In other news, Saudi Arabia will voluntarily deepen oil output cuts from June as low oil…
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