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  • Saudi Arabia expands electronic business visit visas to cover all countries

    The visa will be issued digitally from the unified national platform for visas affiliated with the Ministry of Foreign Affairs, The visa can be used for a period of up to a year, with multiple entry options. A number of beneficiaries can obtain the visa immediately for the purpose of visiting the kingdom and reviewing investment opportunities, the Saudi official said.

  • Saudi Arabia expands electronic business visit visas to cover all countries

    Saudi Arabia launched the second phase for issuing electronic business visit visas in continued efforts to boost foreign investments in the country. The second phase of the electronic “visiting investor” visas will cover the rest of the countries of the world, not included in the earlier list.

  • New orders lift Saudi non-oil business activity growth to four-month high

    New business expanded faster with the new orders subindex surging to 66.1 in October, also a four-month high, from 64.2 the previous month. The growth in output and new business was spread across most sectors, including manufacturing and construction, the survey showed. Growth in output remained high although the subindex eased to 60.1, weaker than the long run trend. "The surge in new orders signifies an expanding market and suggests that the non-oil sector is experiencing sustained growth and demand for its products," said Naif Al-Ghaith, chief economist at Riyad Bank.

  • Doing business in Saudi Arabia

    Saudi Arabia, the Middle East’s largest economy, offers a wide range of economic prospects as a result of its Vision 2030, an ambitious plan that aims to diversify the nation’s economy and open its doors wider to international investors. Understanding sector-specific criteria and potential constraints is critical to those considering doing business in the Kingdom. Here’s a quick rundown of the main sectors

  • Saudi Cabinet approves use of Gregorian calendar for official business

    The move would “make it easier for foreigners visiting Saudi Arabia and doing business in the Kingdom to rely on one single calendar not two as was the case before, which caused a level of confusion and discrepancy,” he said. “Also, Saudis … will have it easier now when dealing with foreign partners.” Banker and financial analyst Talat Zaki Hafiz described the decision as “very wise” as the Kingdom continued to open up to the global business community.

  • Saudi Cabinet approves use of Gregorian calendar for official business

    Saudi Arabia has approved the use of the Gregorian calendar for all official dealings, except those related to the provisions of Islamic Shariah where the calculation of periods will continue to be based on the Hijri calendar. The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, made the decision on Tuesday. The Kingdom has traditionally prioritized the Hijri calendar with the Gregorian used as a secondary measure. However, some official and legal activities had already been aligned with the Gregorian calendar before Tuesday’s ruling.

  • JLL among global businesses moving their regional HQs to Riyadh, reveals KAFD CEO

    Saudi Arabia’s program to attract regional headquarters of international companies is producing results, with the King Abdullah Financial District Development & Management Co. signing up some big names in business. Speaking to Arab News on the sidelines of the Future Investments Initiative, KAFD DMC CEO Gautam Sashittal confirmed that global real estate services firm Jones Lang LaSalle will be relocating its regional headquarters to the district. The announcement came close on the heels of global professional services firm Deloitte planning to open a new regional headquarters in Riyadh to widen its presence in the Kingdom and the Middle East.

  • Philippines says over $4.26 billion investment deals agreed with Saudi business leaders

    A Philippine business delegation has signed investment deals collectively worth more than $4.26 billion with Saudi business leaders, the office of President Ferdinand Marcos Jr said. The agreements were signed on Thursday on the sidelines of a summit of Southeast Asian and Gulf nations in Saudi Arabia, attended by Marcos, it said in a statement. The Gulf state is a major destination for overseas Filipino workers, with more than a million employed in construction or as domestic helpers or nurses.

  • Here’s What It Takes For A MENA-Born Business To Become A Global Champion

    I find it incredible how in some markets like the US, client service is increasingly automated and impersonal. While chatbots and auto-support solutions are appropriate for some client service tasks, the fundamental reality is people continue to operate based on trust, relationships, and familiarity. Most MENA-born global champions invest heavily in excellent customer teams that are multi-everything, operate on a 24/7 basis, and care deeply about customer happiness.

  • New business helps rebound in Saudi non-oil activity in Sept -PMI

    Growth in non-oil business activity in Saudi Arabia accelerated in September from an 11-month low the previous month as higher sales supported overall output, a survey showed on Tuesday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index rose to 57.2 in September from 56.6 in August - which was the lowest since September 2022, far above the 50 mark denoting growth and back above its long-run average of 56.9.