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Economic Impact of VAT Increase

Economic Impact of VAT Increase

Jul 15, 2020

OverviewSaudi Arabia’s dual shock of the coronavirus pandemic and a crash in oil prices has led to more than SAR270...

Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies

Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies

May 29, 2020

Saudi Arabia’s $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi Arabia’s vision for economic diversification and...

Business Council Reception Honors Saudi Delegation to OTC

Business Council Reception Honors Saudi Delegation to OTC

May 7, 2018

On May 1, 2018, the U.S.-Saudi Arabian Business Council, “the Council,” hosted an executive reception in honor of the visiting...

Moody’s Report Reaffirms that Saudi Arabia has an A1 Credit Rating

Moody’s Report Reaffirms that Saudi Arabia has an A1 Credit Rating

May 4, 2018

May 3, 2018 – In its latest Annual Credit Analysis report, Moody’s has reaffirmed Saudi Arabia’s credit rating as A1...

SABIC and ExxonMobile Launch Gulf Coast Growth Ventures

SABIC and ExxonMobile Launch Gulf Coast Growth Ventures

May 4, 2018

May 3, 2018 – Saudi Basic Industries Corporation (SABIC) and ExxonMobil have a created a new joint venture, Gulf Coast...

Saudi Intellectual Property Authority Boosts Economy

Saudi Intellectual Property Authority Boosts Economy

Apr 30, 2018

April 27, 2018 – The Saudi Intellectual Property Authority (SIPA) has announced the development of a strategy which will support...

Saudi Arabia’s Privatization Program Plans Have Been Approved

Saudi Arabia’s Privatization Program Plans Have Been Approved

Apr 26, 2018

April 26, 2018 – Saudi Arabia’s Council of Economic and Development Affairs has approved “Delivery Plan 2020”, a privatization program...

Cinema Returns to Saudi Arabia, AMC Theatres Screens “Black Panther”

Cinema Returns to Saudi Arabia, AMC Theatres Screens “Black Panther”

Apr 19, 2018

April 19, 2018 – Saudi Arabia’s first movie theater in over three decades was officially launched with the private showing...

SAMI, USSABC Organize High-Level Conference on Defense Technology

SAMI, USSABC Organize High-Level Conference on Defense Technology

Mar 26, 2018

Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council, the Defense Technology and Security Conference concluded its sessions with the participation of more than a dozen high-profile speakers and over 100 industry leaders, advisors, regulators, and influencers who came to discuss and learn more about Saudi Arabia’s vision and strategic outlook in developing its defense industry with a special focus on technology and security as the two main components of the program.

Wood Group Wins Aramco, SABIC Contract – Develop World’s Largest COTC

Wood Group Wins Aramco, SABIC Contract – Develop World’s Largest COTC

Mar 9, 2018

March 8, 2018 – Britain’s energy service provider, Wood Group, was chosen by Saudi Aramco and Saudi Basic Industries Corporation...

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