NITAQAT

Ministry of Labor Inspectors ‘Find Many Shops Closed’ as Store Owners Deal With New Regulations

A construction worker in Saudi Arabia speaks on his mobile phone at a construction site in Riyadh.
Saudi Arabia's plans to increase Saudi employment to 70 percent of jobs in stores in several sectors came into force on Tuesday.

Saudi Arabia

News, analysis, and more

Debt Finance

Saudi Wealth Fund Said to Prepare to Sign $11 Billion Loan

Saudi Arabia’s sovereign wealth fund will sign an $11 billion loan this week, marking its first-ever borrowing, according to people familiar with the matter. ...

 

Islamic Bonds

Saudi Arabia targets $2 billion with new Islamic bonds

It would be the kingdom’s second international sale of sukuk after a $9 billion transaction last year. The exercise completes Saudi Arabia’s external funding requirements ...

 

Health Sector

Saudi Arabia’s health sector is ME’s largest with $40b spending

He said that the major challenges facing the Kingdom’s health sector include the steady rise in the cost of health services, the scarcity of health ...

 

Saudi Workforce

Labor inspectors find many shops closed

They admitted that they were finding it difficult to find replacement for expat staff. “It will certainly impact our business but for the larger interest ...

 

Yemen

Saudi Arabia, UAE acting to reduce risks to Yemen citizens, says US

US Secretary of States Mike Pompeo said Wednesday he has "certified" that Saudi Arabia and the United Arab Emirates are acting to reduce risks to ...

 

Flynas

Flynas Says Will Soon Hire Saudi Female Co-Pilots

Flynas said it will soon start recruiting Saudi women to work as co-pilots as the kingdom loosens gender restrictions to bolster economic growth. ...

 

Saudi Aramco

Chinese firm to build two Saudi Aramco oil islands

Saudi Aramco has awarded China Harbour Engineering a contract to build two man-made islands to support drilling in the Berri offshore oilfield located off the east ...

 

Saudi-Russia

Saudi to sign space cooperation pact with Russia

The Saudi Cabinet approved on Tuesday an agreement with the Russian government for cooperation in the field of exploring space and using outer space for ...

 

Women in Sports

Saudi woman attempts to set Guinness world record in ice diving

Saudi physician and epidemiologist, Dr Mariam Fardous, will attempt to dive in the South Pole next year, attempting to become the first woman to dive ...

 

Construction

Riyadh hosting first exhibition focused on contracting sector

A new exhibition and conference dedicated to Saudi Arabia’s contracting sector is launching in Riyadh next week, where government authorities, regulators, and key industry players ...

 

Investcorp

Investcorp lists second Saudi portfolio company on the Tadawul

Investcorp, a global provider and manager of alternative investment products, (the Firm) announced the successful listing of portfolio company, Leejam Sports Company (“Leejam” or the ...

 

Saudi +

Regional and related topics

F-35B

Marine F-35 aircraft carrier arrives in Middle East after Russia threatened US forces in Syria

A US Marine Corps aircraft carrier full of F-35B stealth jets showed up in the Middle East after Russia threatened US forces in Syria ...

 

Iran

Commentary: Traders bet Iran sanctions will leave market short of crude

Oil traders have become much more concerned in recent weeks about the potential impact of U.S. sanctions on Iran and the effect on the availability ...

 

Iran in the Region

Iran army penetrates Iraqi territory, controls strategic mountain

The Iranian army has advanced nearly 20 kilometres into Iraqi Kurdistan region on Monday evening and controlled the strategic Surin mountain, north of Sulaymaniyah province, ...

 

U.S.-Turkey

Perspective: The U.S.-Turkey Relationship Is Worse Off Than You Think

Such optimism is misplaced. In Turkey, NATO is an object of aversion for Erdogan’s friends and foes alike. The United States is as popular as ...

 

War in Yemen

Saudi-led forces renew push to take key Yemen port from Houthi rebels

The bulk of the fighting is on the southern edge of the city with the coalition advance led by the Amaliqa brigades, a section of ...

 

Egypt

Why Egypt is building a brand new mega capital city

The new administrative capital, or NAC (so new it doesn’t even have a proper name), is mooted to be the biggest planned city ever, aiming to ...

 

Libya

Libyan officials say unknown missiles hit Tripoli airport

Missiles were fired at Libya’s capital Tripoli, including the city’s only functioning airport, forcing authorities to divert flights to another airport to the south, government ...

 

Mubadala

Abu Dhabi set to cash in Cepsa Investment with $11.6 billion IPO

If the Spanish refiner achieves the valuation its owners anticipate, Abu Dhabi would see significant paper gains because its funds took full control of the ...

 

Aldar

Middle East real estate giant Aldar Properties creates a billion-dollar investment firm

Founded in 2004 and headquartered in Abu Dhabi, one of seven emirates that make up the UAE, Aldar is responsible for many residential, commercial and ...

 

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