ECONOMY

Saudi private-sector growth in August is fastest this year: PMI

mbs345
Growth in Saudi Arabia’s non-oil private sector edged up in August to its fastest rate this year, according to reports, "suggesting a long-awaited recovery of the economy may have begun."

Saudi Arabia

News, analysis, and more

Public Investment Fund

Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

Liveris will work closely with the Public Investment Fund (PIF) on matters of strategic importance, assist the fund in efforts to boost the value of ...

 

Economy

Saudi private-sector growth in August is fastest this year: PMI

Growth in Saudi Arabia’s non-oil private sector edged up in August to its fastest rate this year, a survey of companies showed on Tuesday, suggesting ...

 

Education

Saudi education minister adopts new organizational structure

Saudi Arabia’s education minister has approved a new organizational structure for the ministry, which included integration, cancelation and the creation of a number of agencies ...

 

Saudi Aramco

Saudi Aramco says awards Baker Hughes services contract for Marjan field

Saudi Aramco has awarded Baker Hughes an integrated services contract for its Marjan oilfield, the Saudi state oil giant said in statement on Tuesday. ...

 

Saudi Aramco

Aramco Could Deploy ‘Barbarians at the Gate’ Playbook for Sabic

Aramco could be tempted by an alternative path that employs a private-equity style leveraged buyout and ensures Aramco’s numbers stay under wraps: using Sabic’s balance ...

 

Saudi-Asia

Saudi Arabia pledges $300m in aid to Sri Lanka

Saudi Arabia has reportedly pledged $300 million in aid to Sri Lanka for water supply projects and agricultural, education and health sector development, according to ...

 

Saudization

Many shops close as Saudization deadline nears

With just six days remaining for the deadline to 70% Saudize automobile and motorbike showrooms, shops selling readymade garments and children’s and men’s wear, home ...

 

Entertainment

Warburg-Backed Movie Exhibitor to Push Abroad After India Deals, Eyes Saudi as ‘Big Focus’

The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a ...

 

Dammam

Fire erupts at Public Prosecution building in Saudi’s Dammam

He also confirmed that there was no damage or loss in terms of the documentation related to cases in the branch. All the branches of ...

 

Banking and Finance

Hill International to project management Saudi Arabian bank development

US firm Hill International has won a three-year contract from Saudi Arabia’s Bank Aljazira to provide project management services for the pre-design, design, and construction ...

 

Yemen Civil War

Saudi Coalition Admits Error in Yemen Airstrike That Killed Dozens

A Saudi-led coalition in Yemen acknowledged Saturday that an air attack last month that killed dozens of people, including children traveling on a bus, was ...

 

Saudi +

Regional and related topics

Bahrain

How Bahrain aims to open economy further to foreign firms

The country's Cabinet, chaired by Prime Minister Prince Khalifa bin Salman Al Khalifa, endorsed the new regulation on Monday as part of efforts to boost ...

 

Syria Civil War

U.N. sees ‘moment of truth’ for Syria political process

Talks between major powers this month on setting up a committee to lead constitutional reform in Syria will be a “moment of truth” for a ...

 

Israel

Trump’s anti-Palestinian agenda will ultimately hurt Israel

The U.N. Relief and Works Agency, or UNRWA, has tended to the needs of Palestinian refugees for nearly seven decades. But if President Trump has ...

 

Abu Dhabi

Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan

Three of its state-linked banks are in talks to combine into an institution with $110 billion of assets, according to Abu Dhabi Commercial Bank PJSC, ...

 

Iraq

Deadlocked Iraqi lawmakers put off next meeting until Sept. 15

Iraqi lawmakers who met this week for the first time since a May election and are still struggling to form a new government, decided on ...

 

Libya

A Facebook War: Libyans Battle on the Streets and on Screens

When a new bout of fighting between rival militias engulfed the Libyan capital in recent days, badly shaking the fragile United Nations-backed government, some combatants ...

 

Turkey

Turkey criticizes Greece for granting asylum to servicemen

Turkey’s foreign minister has bemoaned Greece’s decision to grant asylum to a group of servicemen who fled to Greece a day after Turkey’s 2016 failed ...

 

Recent Editions