Wednesday , August 15 2018

Tag Archives: saudi arabia

Tax fears in Saudi Arabia

JEDDAH/DUBAI, June 8, (RTRS): Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign workers to make up for falling oil revenues. Around a third of the 30 million inhabitants of the world’s top oil exporter …

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Saudi-led coalition taken off blacklist

UNITED NATIONS, June 7, (Agencies): Following a vehement protest from Saudi Arabia, Secretary-General Ban Ki-moon on Monday removed the Saudi-led coalition fighting Shiite rebels in Yemen from a list of government forces that committed grave violations against children last year, pending a joint review of cases. Saudi Arabia’s UN Ambassador …

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US ‘reveals’ how much Treasury debt Saudi Arabia owns in March – Kingdom holds $116.8 bln, ranked 13th largest foreign holder of Treasury securities

WASHINGTON, May 17, (AP): Foreign holdings of US Treasury securities rose in March, with the Treasury Department revealing for the first time in four decades how much Saudi Arabia owns. In its latest report, Treasury said Monday that that total holdings increased 0.8 percent to a record $6.29 trillion. The …

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O Custodian of the Two Holy Mosques … we have a word

WITHOUT a doubt, the royal directives issued by Custodian of the Two Holy Mosques King Salman bin Abdulaziz are vital in developing and revitalizing the government’s performance in accordance with the advancement scheme of Saudi Arabia. It is a comprehensive ‘revolution’ not only in terms of the ministerial structures and …

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Gunbattle kills Saudi soldier

DUBAI, May 8, (RTRS): A Saudi soldier died in a gunbattle with militants in the western Taif region outside Mecca on Sunday, state news agency SPA said. Two assailants opened fire on a police station before retreating to the mountain village of Thaqeef where the soldier, named as private Saeed …

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Saudi ‘reshuffle’ highlights serious shift away from oil – Vision 2030 ‘core’

RIYADH, May 8, (Agencies): With a major government reshuffle, Saudi Arabia’s King Salman and his powerful son have shown their determination to move the kingdom’s economy away from oil, experts say. A series of royal decrees announced on Saturday merged various ministries to reflect new priorities under the wide-ranging Vision …

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Saudi oil minister axed in government overhaul – Naimi replaced by Al-Falih

RIYADH, May 7, (AFP): Saudi King Salman replaced his long-serving oil minister on Saturday as part of a major government overhaul which comes as the kingdom grapples with a slump in energy revenues. The revamp follows last month’s announcement of an ambitious plan to transform Saudi Arabia’s economy to reduce …

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Riyadh plans new labor scheme – Saudi women to see marriage contracts

RIYADH, May 3, (Agencies): Saudi Arabia’s government plans a new set of labor quotas and incentives to reduce unemployment as it tries to wean its economy off oil exports, Labor Minister Mufrej al-Haqbani said on Tuesday. The changes are part of a wider reform plan announced last week by Deputy …

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Binladin Group lays off 77,000

RIYADH, May 2, (AFP): One of Saudi Arabia’s most powerful firms, the Saudi Binladin Group, has laid off 77,000 foreign workers, a Saudi daily reported on Monday, citing an anonymous company official. Saudi Binladin Group confirmed to AFP that some staff have been let go, but gave no numbers. The …

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Expat ‘green card’ in Saudi ‘Vision 2030’

RIYADH/DUBAI, April 25, (Agencies): Saudi Arabia will introduce a “green card” system within five years to allow resident expatriates in the kingdom to have more rights in order to improve its investment climate, Deputy Crown Prince Mohammed bin Salman said on Monday. Speaking in a television interview, he said planned …

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