Economic Impact of VAT Increase
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 $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
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
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
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
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
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”
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
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
March 8, 2018 – Britain’s energy service provider, Wood Group, was chosen by Saudi Aramco and Saudi Basic Industries Corporation...