In a historic ruling a court in Saudi Arabia has ruled in favor of a woman who was on trial for living and traveling on her own to the Kingdom’s capital, Riyadh, without her father’s permission. In other news, Saudi Arabia has launched a SR670 million ($178 million) initiative to help businesses in the Kingdom…
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Unemployment among Saudi Arabian citizens fell to 11.8% in the first quarter of 2020 from 12% the previous quarter, figures released on Tuesday showed. The rate fell from 12.5% in the first quarter of 2019. In other news, Saudi Arabia spent more than SR214 billion ($57 billion) on 142 initiatives to tackle the impact of…
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Saudi Arabia is launching a SR3 trillion ($800 billion) plan to double the size of Riyadh in the next decade and transform it into an economic, social and cultural hub for the region. The plan involves the creation of a “mega industrial zone” focusing on advanced technology such as renewables and automation, biotechnology and aquaponics….
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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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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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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 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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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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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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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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