Page 2 - Saudi Arabia Economy

Saudi Arabia grants citizenship to group of 'talented' expats

A royal decree issued last Thursday grants citizenship to "experts and exceptional global talents" who will contribute to the growth of the kingdom

Billionaire Saudi Arabia family breaks the mould on kingdom's secrecy

BinDawood family's share sale to drive diversification push

Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan

The companies will benefit from extra subsidies and the ability to lobby for law changes

How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul

Despite Saudi's oil wealth, creating enough jobs for the kingdom's young population is a challenge

Saudi offers $6 trn investment opportunities over next decade: Crown Prince

Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value

Saudi Arabia's economy shrinks 7% in Q2, joblessness at record high

Labour statistics released at the same time showed that citizen unemployment rose to 15.4 per cent during April to June

Saudi Arabia triples taxes, cuts $26 bn in costs amid Covid-19 pandemic

Despite efforts to diversify the economy, the kingdom continues to rely heavily on oil for revenue.

Saudi to have '1-year restriction' on selling more Aramco shares after IPO

The government is looking to list 2% of the company on the Saudi bourse rather than listing the entire share capital on the exchange, the sources said.

The Saudi pivot to Asia and India's role

Mohammed bin Salman was trying to signal his intent to align his country more closely with Asian powers, including China and India

Saudi approves $3.1-bn plan to ease levies firms pay on foreign workers

The fees were introduced in 2018 as part of a drive to increase non-oil government revenue but have drawn fire from business owners in a country accustomed to cheap foreign labour

Saudis set for $11-billion asset selling blitz after a slow start

Saudi Arabia plans to complete the sale of four flour milling companies and Saudia Medical Services facilities this year

Saudis' privatisation programme targets $11 bn by 2020 through asset sale

The sales are key to the country's efforts to wean the economy off oil, but so far have been dogged by delays - most notably the IPO of oil giant Aramco

Saudi Arabia promises fun year in 2018 with 5,000 entertainment events

The Vision 2030 plan aims to increase household spending on cultural and entertainment events

Saudi Arabia announces plan to build a mega city that will cost $500 bn

The ambitious plan includes a bridge spanning the Red Sea, connecting the proposed city to Egypt and the rest of Africa

In the Saudi Arabia desert, world's business leaders follow the money

Saudi Arabia is moving aggressively to diversify its economy and implement important reforms

Saudi Arabia announces $500-bn investment city linked to Egypt, Jordan

Saudi Arabia's economy, though rich, has struggled to overcome low oil prices

Saudi finance minister sacked by royal order in bid to retool economy

Finance Minister Ibrahim al-Assaf was replaced by Mohammed Aljadaan