SAGIA

In Interview, Governor of SAGIA Ibrahim Al-Omar Says New Licenses for Investment and Business Soaring

Ibrahim al Omar
The head of Saudi Arabia's top licensing and investment body says that the Kingdom is increasing its new licenses to investors and businessmen seeking to do business in the Kingdom, according to an interview in TheBanker.com.

Saudi Arabia

News, analysis, and more

Saudi Aramco IPO

Saudi stock exchange ready to handle Aramco listing

Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco, the ...

 

Economy

Saudi Arabia needs oil at $85 a barrel to balance budget, says IMF

While a new Moody’s Investors Services says that Saudi Arabia’s credit outlook is stable and buffered by a strong fiscal position, the International Monetary Fund’s ...

 

Vision 2030

Saudi Arabia says higher oil prices won’t change reforms

"Higher oil prices will only help reduce the deficit and build reserves, we will continue our reform," Mohammed bin Abdullah Al-Jadaan told CNBC's Hadley Gamble ...

 

Lubna Olayan

Lubna Olayan Broke Saudi Arabia’s Glass Ceiling. Now She Wants More Women To Work.

"Over dinner he says 'Lubna, what are you going to be doing here?' " Olayan recalls her father saying. Olayan had worked as a J.P. ...

 

Saudi Workforce

Almost Half a Million Expats Exit Saudi Labor Market in 3 Months

The authority, in a labor market bulletin, said that 3.16 million Saudi employees were working in the public and private sectors by the year end ...

 

Government Payments

Saudi Contractors Still Struggle With Payment Delays

Some contractors in Saudi Arabia are still struggling to get paid on time by the government despite assurances from officials that the long-running problem has ...

 

Islam

Islam’s Changing Role in Saudi Arabia

Saudi Arabia is trying to change its image, at home and abroad. ...

 

War in Yemen

Perspective: A Saudi-Backed “Assassination” Could Worsen Yemen’s War

Sammad’s death comes amid rising tensions between Washington and Tehran as President Trump plans to announce whether the U.S. will withdraw from the Iran nuclear ...

 

WWE in KSA

Superstar responds to death threats after Saudi Arabia show

While WWE took all the necessary precautions during the Greatest Royal Rumble show this past Friday to make sure they honored and respected the Saudi ...

 

Fitch Ratings

Saudi Arabia-Iran tensions are important to keep an eye on: Fitch Ratings

"It's totally something that is now becoming pretty core to the assessment even though the probability of anything really dramatic happening probably is still quite ...

 

Citigroup

Citi considers Saudi expansion as banks aim to captalize on reforms

Citigroup (C.N) is considering seeking a full banking license in Saudi Arabia as Western banks aim to capitalize on Saudi economic reforms, with rival HSBC ...

 

Privatization

Saudi government to hand over 25 schools to private sector

Saudi Arabian authorities on Tuesday ordered the handover of 25 state-run schools to be run by private sector companies as part of economic reforms designed ...

 

Domestic Defense Industry

South Africa’s Paramount in talks to boost Saudi arms industry

Saudi Arabia, one of the world’s largest arms buyers, is seeking international partners to develop its manufacturing capabilities with the aim of producing half of ...

 

Saudi +

Regional and related topics

Iran Nuclear Program

Statement on Iran by the IAEA Spokesperson

The Agency’s overall assessment was that a range of activities relevant to the development of a nuclear explosive device were conducted in Iran prior to ...

 

U.S. Diplomacy

Pompeo Vows to Reinvigorate Diplomacy, Restore U.S. ‘Swagger’

He didn't mention Rex Tillerson by name. But the contrast was clear as new Secretary of State Mike Pompeo arrived at the State Department on ...

 

Military Spending

US, China and Saudi Arabia top list of military spending

In a report published on Wednesday, the Stockholm International Peace Research Institute (SIPRI) estimated that world military expenditure totalled $1.73tn in 2017, up 1.1 percent ...

 

Afghanistan

The Afghan War Isn’t Being Won, Says New Pentagon Audit

Just one day after a double suicide bombing in Kabul killed at least 31 people and wounded scores more, a U.S. military watchdog released a ...

 

Lebanon

A Lebanese city, and an election, feel effect of Saudi cold shoulder

One of Hariri’s losses could be in Sidon. For decades, Saudi Oger recruited heavily there and the company’s demise has hurt the Mediterranean city. ...

 

Global Military Spending

Even as fear of Russia is rising, its military spending is actually decreasing

But its spending power may not match its global ambitions for much longer, numbers by the Stockholm International Peace Research Institute (SIPRI) revealed Wednesday. While global military spending ...

 

Morocco

Trump administration sides with Morocco in Western Sahara dispute

The UN Security Council on Friday adopted a US-sponsored resolution that is unusually critical of the pro-independence Polisario Front after tabling an earlier US draft ...

 

Libya

Suicide militants storm HQ of Libya’s election commission, 12 dead

A group of militants including suicide bombers stormed the head offices of Libya’s electoral commission in Tripoli on Wednesday, killing at least 12 people and ...

 

Recent Editions