Making an informed decision to do business in Saudi Arabia is vital. The marketplace is rife with opportunity but understanding the challenges and mitigating the risks is key to success for any exporter. AEI is trusted by several foreign governments to be their exclusive partner, enabling exporters to overcome these challenges and deliver successfully in…
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Saudi Arabia will completely lift restrictions on citizens leaving and returning to the Kingdom, and allowing the opening of land, sea and airports after January 1, 2021, Saudi Press Agency (SPA) reported on Sunday. Citizens of the Gulf Cooperation Council states as well as expatriates and their dependents on valid visa will be allowed to…
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KASB City Compound is ideal for expats searching for high quality yet affordable expat accommodation in Riyadh, then KASB City Compound is for you; managed by AEI Saudi, we offer spacious units, professional service delivery and a genuine community atmosphere. Link to our website – www.kasbcitycompound.com For more information please email – [email protected]
Saudi Arabia’s Capital Market Authority has set the end of 2021 as the deadline for the completion of the regulatory framework for foreign companies to offer their shares in the Saudi capital market. It has also permitted the local companies to have a dual listing in international markets. In other news, Saudi Arabian Airlines announced…
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Saudi Arabia has discovered two new oil and gas fields in the northern parts of the country. Minister of Energy Prince AbdulAziz Bin Salman announced on Sunday that the Saudi Aramco revealed two new oil and gas fields in the Northern Border and Al-Jouf regions. In other news, The Saudi Ministry of Municipal and Rural…
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Saudi Arabia’s renewable energy sector could result up to 750,000 jobs over the next decade as the kingdom pushes to generate 7 per cent of its total electricity output from renewables by 2030. In other news, Saudi public sector employees will return to their workplaces on Sunday, Aug. 30, 2020, following an announcement by the…
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Saudi Aramco stated that it would raise its domestic gasoline prices for August. Prices for 91 octane grade gasoline will increase to 1.43 riyals ($0.38) from 1.29 riyals, while 95 octane grade will increase to 1.60 riyals from 1.44 riyals. In other news, Saudi Arabia’s Royal Commission for Al-Ula announced in a statement that it…
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We are excited to be participating in the IBG Global Insights Forum: Increasing Your Global Business Development in the face of Post COVID-19’s Megatrends. The forum consists of 6 bi-weekly practical discussions by IBG’s global business specialists, including Arabian Enterprise Incubator’s Founder, Adam Hosier. The discussions will cover a series of topics related to internationalisation…
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Saudi Aramco will pay a second-quarter dividend of $18.75 billion (Dh68.87bn) despite a 73.4 per cent fall in net profit due to lower oil prices and declining refining and chemicals margins during the coronavirus crisis. In other news, The Directorate General of Passports (Jawazat) announced that it has completed the automatic extension of the exit…
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King Salman bin Abdulaziz was admitted to hospital earlier this week for medical tests. The King underwent a successful surgery to remove his gallbladder and remains in a stable condition having chaired a cabinet session from the hospital. In other news, Saudi Arabia’s economy is expected to grow at an average rate of around 3%…
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