The closing of the Olaya Residency was an emotional moment for many in AEI; born soon after we began operating in the Kingdom, the Residency still harbours fond memories for many employees, clients and friends. But as the old saying goes – when one door closes, another opens.. Hence here is a small glimpse of…
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As most of you may have seen, the Kingdom of Saudi Arabia has finally opened itself up to global tourism and is now allowing nationals from 49 countries in Europe, Asia, North America and Oceania to receive tourist visas. The online process is reported to take seven minutes to complete. Following this announcement, the Saudi…
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The past few months has been a busy period for the AEI team with our members attending events in the UK, US, UAE and, of course, the Kingdom of Saudi Arabia. Building Your Business in the Saudi Arabia Heather Hopper, our Head of Market Entry, attended a joint SBJBC and UK-UAE Business Council event at…
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The Crown Prince and de facto ruler of Saudi Arabia, Mohammad bin Salman (MbS), took part in a CBS ’60 Minutes’ interview on Sunday where he was questioned on Iran, Jamal Khashoggi and the treatment of human rights activists in the Kingdom. MbS reiterated that a political response to the alleged Iranian attacks on Saudi…
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Chairman of the Capital Market Authority (CMA), Mohammad El Kuwaiz, has announced that the Saudi Stock Exchange is expected to be the main market for the initial Saudi Aramco IPO. The Saudi Stock Exchange, also known as Tadawul, recently completed the final phase of joining MSCI’s Emerging Markets Index. Saudi Aramco has also announced that…
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The team at AEI would like to offer our congratulations to two more of our employees for achieving their 5-year service awards, as some of our earliest employees they have certainly been in it for the long haul and have contributed endlessly to the success we share. Wajid Ali, our chief driver and local legend…
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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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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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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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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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