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MUST-READS
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Authorities on high alert after blizzard
Health and security officials in Tabuk have been on full alert because of snowstorms in the northwestern part of the Kingdom over the past two days. The affected areas are Al-Dhaher, Alakan, Abu Al-Hanshan, Attabaq, Tinenar, Wadi Al-Asmar, Al-Lawz Mountain and Al-Aniq.
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Lower valuations attract investors to Saudi stocks
While the opening and inclusion of Tadawul into the MSCI could raise the risk of stock over-pricing, the role of the foreign institutional investors whom the CMA (Capital Market Authority) will be granting direct access to the Saudi Stock Exchange is to provide more stability via longer investment horizons.
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Saudi Fransi Capital CEO Al Rumayyan is Said to Resign
Yasir Al Rumayyan, chief executive officer of Saudi Fransi Capital, left the bank for a role at the court of King Salman, according to a person familiar with the matter.
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UK consortium wins $184m Saudi rail project deal
A consortium led by Serco Group, the international service company, has signed a contract with the Saudi Railway Company (SAR) to provide management and technical support for operations on the Gulf kingdom's North South Railway (NSR) project.
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Opinion: The misguided debate about how ‘Islamic’ the Islamic State is
We can get caught up in the "Islamic" part of the Islamic State. But matters of "state" will be what ultimately unravels it.
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The Roosevelt and Abdulaziz Meeting, 70 Years On: A Conversation with Thomas Lippman
It’s important to understand the context in which President Roosevelt and King Abdulaziz met. An American oil company had negotiated an oil concession from Saudi Arabia in 1933 to have exclusive rights to explore for and lift and process and ship whatever oil might be found in Saudi Arabia. The company struck oil in commercial quantities in 1938. The first cargoes of oil for export were loaded in 1939.
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Thirty women to run in Saudi municipal vote
he next municipal council elections are expected to have at least 30 women candidates standing for seats all over the Kingdom, the Makkah daily reported.
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Saudis Detail Eastern Fleet for US
The French hold the preponderance of contracts in support of the Saudi's western, or Red Sea, fleet. France and the US are considered the primary contenders for the Eastern Fleet contract, said to be worth as much as $16 billion or higher.
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New rule on Nitaqat calculation for Saudi workers from today
Minister of Labor Adel Fakeih announced that Saudi jobseekers hired by the private sector will be counted under the Nitaqat Saudization program immediately after their registration with the General Organization for Social Insurance (GOSI) effective from Sunday. Until Saturday, a Saudi was counted for Nitaqat point in the employment registry of each firm only 13 weeks after their registration with GOSI.
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Arabtec wins Saudi contracts worth Dh1 billion
The contracts to upgrade six plants and refineries across Saudi Arabia come despite fears that the Saudi government will be forced to renegotiate and postpone deals because of labour market reforms and falls in the global oil price.
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