King Salman Appoints New Ministers of Health and Hajj and Umrah
Custodian of the Two Holy Mosques H.M. King Salman announced a number of important changes in the leadership of the...
FedEx Express Announces $400 Million, 10-Year Investment Plan in Saudi Arabia
FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, announced a SR1.5 billion ($400 million),...
Saudi Arabia Releases 2021 Pre-Budget Statement
Saudi Arabia’s revenues are expected to reach $240.8 billion in 2022, according to a pre-budget statement released by the Ministry of Finance. The...
S&P Affirms Saudi Arabia’s A-/A-2 Credit Rating
S&P Global Ratings has affirmed Saudi Arabia’s A-/A-2 credit rating with a stable outlook. The ratings agency credited a rise in oil...
Fitch Improves Saudi Arabia’s Outlook to Stable
Fitch Ratings has revised Saudi Arabia’s outlook from negative to stable and maintained the Kingdom’s sovereign rating at ‘A.’ The credit...
DynCorp Awarded $27 Million to Support Saudi Arabia’s Royal Saudi Land Forces Aviation Command
DynCorp International LLC, based in Forth Worth, Texas, was awarded a nearly $28 million modification to an existing contract for...
IMF Releases Report on 2021 Article IV Consultation with Saudi Arabia
The International Monetary Fund (IMF) has recently released its report on its 2021 Article IV consultation with Saudi Arabia. Article IV consultations, named after Article IV of...
U.S. Firm Hill International Awarded Madinah Central Area Development Contract
U.S.-based construction firm Hill International has secured a project management contract for roadwork at the Madinah Central Area (MCA) development...
Apple Chooses Riyadh University as Host for its First Middle East iOS Developer Academy
U.S. tech giant Apple Inc. has chosen Riyadh University (also known as King Saud University) in Saudi Arabia’s capital city to host its...
$1 Billion Housing and Medical Project Inaugurated for Saudi Ministry of Defense
The Saudi Ministry of Defense has welcomed a $1 billion housing and medical project, with H.R.H. Crown Prince Mohammed bin...