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  • Saudi Arabia announces major change to recruitment in Philippines, Sri Lanka, Bangladesh and 3 more countries

    The Ministry of Human Resources and Social Development recently announced a reduction in the maximum limits for recruiting domestic labour services in several countries, namely the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia.
    This measure is aimed at ensuring fairness in recruitment costs and is part of the Ministry’s broader initiative to review applicable regulations and associated costs.

  • Saudi Arabia, Canada agree to re-exchange trade delegations

    Saudi Arabia and Canada have agreed to re-exchange trade delegations after it was suspended for five years. The Federation of Saudi Chambers of Commerce said it signed a memorandum of understanding with the Canadian side to form a joint Saudi-Canadian Business Council. The move came amid Riyadh and Ottawa resumed full diplomatic ties last year.

  • Everything to Know About the World’s Largest Arabic Grand Opera Coming to Saudi Arabia

    Titled Zarqa Al Yamama, the production is organized by the Theatre and Performing Arts Commission of Saudi Arabia and under the patronage of Minister of Culture Prince Badr bin Abdullah bin Farhan, who is also the chairman of the commission’s board of directors. It marks the first time a grand opera has been produced in the Kingdom and is the largest Arabic grand opera to ever be staged. The opera will take place in Riyadh, and kick off after Eid al-Fitr, running from April 25  to May 4. The venue of the grand opera is yet to be announced.

  • Germany approves missile export to Saudi Arabia in departure from previous policy

    Government spokesperson Steffen Hebestreit on Wednesday confirmed a report by news magazine Der Spiegel that Germany’s Security Council, made up of Chancellor Olaf Scholz and several other ministers, approved the export of 150 air-to-air missiles for the Iris-T air defense system at the end of 2023. The government of then-Chancellor Angela Merkel imposed a ban on arms exports to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi at the kingdom’s consulate in Istanbul in 2018. It later made a conditional exception for systems developed jointly with other countries.

  • Saudi Arabia agreed with Canada to re-exchange trade delegations

    Saudi Arabia agreed with Canada on re-exchanging trade delegations after 5 years of suspension after the two countries restored full diplomatic ties last year, the Saudi state TV said on Thursday. The Federation of Saudi Chambers of Commerce signed an agreement with the Canadian side to form a joint Saudi-Canadian business council, the TV added.

  • Saudi Arabia’s private sector employees surge to 10.92 million

    Saudi Arabia has witnessed a significant surge in the total number of workers in the private sector. A recent report by the National Labor Observatory (NLO) revealed that, in December 2023, Saudi Arabia’s private sector recorded a surge in the total number of workers in the private sector, reaching a total of 10.92 million workers. This indicates a steady and growing attraction to employment opportunities within the private sector

  • Huge 4,000-year-old fortification discovered in Saudi Arabia

    Archaeologists have found a massive ancient fortification enclosing the Khaybar Oasis in the North Arabian Desert. It is one of the two largest fortifications in Saudi Arabia. Oases in the region have been settled by human populations for 4,000–5,000 years. An oasis is a small patch of vegetation in the desert. Fed by sources of freshwater such as underground rivers and high water tables mean these areas can become vibrant, lush sanctuaries for plant and animal life. Human-built aquifers and channels can help irrigate these areas making them suitable for long-term settlement.

  • Saudi Arabia’s new civil laws aim to boost investment, but caution lingers

    For private equity investor Imad Ghandour changes in Saudi Arabia's laws are prompting a rethink and his firm may buy, for the first time, minority stakes in the kingdom's companies. It is exactly an effect the country's leaders are aiming for as they seek to woo billions of dollars in new capital to wean its economy off fossil fuels. On Dec. 16, the kingdom's first written civil code came into effect, replacing a system where judges would have full discretion in ruling on commercial disputes using Islamic law, sharia, as guidance. That created uncertainty for investors like Ghandour, who until now would only invest in majority stakes in Saudi companies.

  • Stronger Growth Expected in Saudi Arabia in 2024 Amid High Uncertainty

    As forecasters make their projections for the Saudi economy in 2024, they will have to assess whether the slowdown in non-oil growth and investment spending is temporary or longer lasting. They will also have to weigh the potential impact of several global, regional, and domestic uncertainties that could significantly affect the economy; the biggest relate to the global oil market, the ongoing conflict in Gaza, U.S. monetary policy, and the impact of domestic reforms.

  • German leaders abandon blockade of Eurofighter sale to Saudi Arabia

    The German government is no longer concerned over a proposed sale of 48 Eurofighter Typhoons jets to Saudi Arabia, following the kingdom’s help intercepting Houthi-fired missiles aimed at Israel, according to German media reports. German Chancellor Olaf Scholz on Monday backed up Foreign Minister Annalena Baerbock’s overture from the day prior, the press agency dpa reported, citing a statement to that effect from government spokesman Steffen Hebestreit.