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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“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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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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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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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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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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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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When the Saudi Aramco IPO, the largest in the world, was first announced back in 2016 it was always going to be a push to meet the original deadline of 2017/2018. The Crown Prince, Mohammed bin Salman, had an original vision of selling a five percent stake in the company at a valuation of two…
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Women in Saudi Arabia have now been given the right to travel abroad without a male guardian’s permission. A royal decree issued on Friday through the Kingdom’s official weekly Um al-Qura gazette stated that passports should be given to any citizen that applies for it, and that anyone over the age of 21 does not…
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Once again, the AEI team will be attending the Defence and Security Equipment International (DSEI) conference at the ExCeL London from the 10th-13th of September 2019. The exhibition will attract over 1,600 exhibitors and 35,000 attendees during the four-day conference. For the third time, our CEO, Stuart D’Souza and Senior Consultant, Freddie Blackman will be…
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