Saudi Arabia’s 2018 Budget Emphasizes Growth through Economic Diversification
Saudi Arabia’s 2018 national budget highlights the government’s keenness to accelerate economic growth while utilizing the private sector as a...
USSABC Connects U.S. and Saudi Businesses at POWER-GEN International
On December 6, 2017, the U.S.-Saudi Arabian Business Council (USSABC) hosted a seminar and panel discussion in collaboration with the...
SABIC Recognized as One of Top 100 Global Energy Leaders by Thomson Reuters
November 20, 2017 – Saudi Arabian Basic Industries Corporation (SABIC) was named to the Thomson Reuters Top 100 Global Energy...
TAQNIA Alliance to Enhance Aviation Manufacturing in Saudi Arabia
TAQNIA Aeronautics and several other Saudi aviation companies have signed a memorandum of understanding (MoU) to manufacture airplanes within the...
Saudi Aramco Awards 8 Contracts Worth $4.5 Billion
Saudi Aramco has signed oil and gas agreements with five contractors in deals worth nearly $4.5 billion. Recipients of the...
Saudi Arabia Clarifies VAT Exemptions
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has clarified that items classified as zero-rated, exempt, or outside the...
GE and SEC Collaborate to Boost Saudi Power Sector
GE Power and the Saudi Electricity Company (SEC) signed two agreements to collaborate on identifying solutions which promote gas turbine...
Fitch Ratings Commends Saudi Economic Reforms, Affirms A+ Rating
The Fitch Ratings Agency has maintained its A+ on Saudi Arabia with a stable outlook, citing the effectiveness of the...
Crown Prince Mohammed bin Salman Announces NEOM Project at Future Investment Initiative
H.R.H. Crown Prince Mohammed bin Salman spoke at the Future Investment Initiative forum in Riyadh. The event was held by...
Business Council Holds Executive Luncheon with Commerce Under Secretary Hernandez in Riyadh
On October 23, 2017, the U.S.-Saudi Arabian Business Council (USSABC) organized a business luncheon with The Honorable Israel Hernandez, Senior...