Saudi Arabia saw an increase in unemployment and an uptick in inflation in recent months as the Kingdom seeks a pathway toward economic recovery following a period of low oil prices and the global Coronavirus pandemic, according to the most recent chartbook from Jadwa Investment.
The Government of Saudi Arabia announced changes effective September 15 that allow holders of current residence permits (known as "iqamas") with a valid entry/exit visa as well as holders of a valid business or visit visa to enter (including exit and re-enter) Saudi Arabia.
Tokyo-based multimedia collective group teamLab has signed a partnership agreement with Saudi Arabia's Ministry of Culture to provide immersive experiences for a new digital art museum in Jeddah, according to reports, the latest investment by the Saudi government into Saudi culture.
Saudi Arabia's state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
The World Bank will put on hold further publication of its widely-followed "Doing Business" reports after the organization said it will probe irregularities in data collection, according to Reuters.
Global index provider FTSE Russell launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, according to Reuters.
Habitas, the lifestyle hotel brand, will deliver a 100-room luxury resort in Al-Ula, Saudi Arabia that is in part 3D printed by the end of the year, joining other planned hotel groups that are emphasizing sustainability to the historic area.
New cases of the Coronavirus reported in Saudi Arabia continue to decline from peak points as the Kingdom sees progress in combatting the spread of the deadly virus, according to official data.
