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Funding, regulation challenge Saudi private sector drive
June 25, 2016

After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms - a prospect which both pleases and worries businessmen, who wonder how they can finance new projects in an age of austerity.


As"...

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Embattled Saudi builder Mojil to keep operating
June 25, 2016

Embattled Saudi Arabian builder Mohammad Al Mojil Group (MMG) will continue operating despite the resignation of its board after three people involved with the company were found guilty of fraud, said its acting chief executive.

Indebted MMG's plight comes against the backdrop of wider turmoil in the Saudi construction industry, which is struggling in the face of reduced government spending in response to low oil prices.

But CEO Nauman Sohail said the business...

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US multinational 3m gets Saudi trading licence
June 25, 2016

US-based multinational company 3M, a leader in developing innovative solutions, has been granted a trading licence by the Saudi Arabian government.

With this approval, the global, science-based company has become one of only three companies to be granted 100 per cent ownership and the ability to operate and invest in Saudi Arabia.

The move comes as part of Saudi government's multi-year plan to increase foreign investment, and granting foreign-owned trading...

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Pakistani workers stranded in Dammam without payment of salaries
June 25, 2016

Dozens of Pakistani are stranded in Saudi Arabia’s city Dammam as they have not received payment of their salaries.


These people are forced to live without a shelter under the open sky without food, medicines and other basic needs.


They said that nearly 500 people are stranded in Saudi Arabia as they are not given monthly salaries"......

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Funding, regulation challenge Saudi private sector drive
June 25, 2016

After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms - a prospect which both pleases and worries businessmen, who wonder how they can finance new projects in an age of austerity.


As"...

Continue Reading

Embattled Saudi builder Mojil to keep operating
June 25, 2016

Embattled Saudi Arabian builder Mohammad Al Mojil Group (MMG) will continue operating despite the resignation of its board after three people involved with the company were found guilty of fraud, said its acting chief executive.

Indebted MMG's plight comes against the backdrop of wider turmoil in the Saudi construction industry, which is struggling in the face of reduced government spending in response to low oil prices.

But CEO Nauman Sohail said the business...

Continue Reading

Continue Reading

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