The announcement of Vision 2030 dates back to April 2016. It was a promise to the Kingdom of Saudi Arabia (KSA) and a huge economy plan, setting the country on a rapid transformation that aims to diversify its largest economy away from oil. They plan on channeling energy into other streams of revenue. The Vision […]
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The Directorate General of Passports (Jawazat) has called on all expatriates in the Kingdom who do not have accounts in “Absher”, the electronic service platform, to register at the earliest. Registration in the online portal will aid expatriates to make use of electronic services provided by the Jawazat sitting at home without having to visit […]
Read more A YouGov poll conducted by Arab News pointed out an increase in tourism interest in Saudi Arabia from tourists across the world, with one in five tourists more likely to visit the Kingdom for a vacation now than five years ago. The survey published reports after studying 9,521 people across the US,China and five key […]
Read more Saudi Arabia’s oil giant Saudi Aramco raised the size of its initial public offering (IPO) to a world record-breaking $29.4 billion, by selling an additional 450 million shares making use of its “greenshoe option”, the company said in a statement on the Saudi Stock Market (Tadawul). The greenshoe option,or over-allotment, permits companies to sell […]
Read more In line with the objectives of Kingdom’s Vision 2030 to enhance the quality of life in cities by providing commodities and services to residents 24/7, Saudi Arabia’s Ministry of Municipal Affairs in collaboration with the Ministry of Interior will now allow commercial activities to function round the clock. Starting from today, businesses that obtain a […]
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