Tag Archives: saudi arabia

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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Saudi King sacks utilities minister – Dismissal tied to public anger over price hikes

RIYADH, April 24, (Agencies): The king of Saudi Arabia has sacked the country’s water and electricity minister, Abdullah al-Hussayen, amid public anger over price hikes, state media reported. King Salman issued a decree on Saturday ordering his dismissal and replacement in the interim by Agriculture Minister Abdel Rahman al-Fadli, said …

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RIYADH UNDERSCORES INTER-GCC COORDINATION ON IRAN – US urges Gulf to ‘do more’ in Iraq

RIYADH, April 20, (Agencies): US Defence Secretary Ashton Carter pleaded Wednesday for greater Gulf financial and political involvement in Iraq, which is battling both Islamic State jihadists and an economic crisis. Carter made the comments after meeting in Riyadh with his counterparts from the six-nation Gulf Cooperation Council. “I encourage …

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Saudi divestment risk on US terror bill

WASHINGTON, April 17, (RTRS): The Saudi Arabian government has threatened to sell off hundreds of billions of dollars’ worth of American assets should the US Congress pass a bill that could hold the kingdom responsible for any role in the Sept. 11, 2001 attacks, the New York Times reported on …

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Egypt’s surrender of islands to Saudi deepens its woes – Blow dealt to pride of many Egyptians

CAIRO, April 12, (AP): Egypt’s declared intention to hand over control of two strategic Red Sea islands to Saudi Arabia has kicked off a storm of vociferous opposition, laced with stinging satire, and dealt a blow to the pride of many Egyptians at a time when they feel their country …

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