Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen
August 19, 2014
Some international banks have started shrinking in Saudi Arabia even as the kingdom plans to open its $577 billion stock exchange to direct international investment
Saudi Arabia's Grand Mufti Sheikh Abdul Aziz al-Sheikh has strongly condemned ISIS in recent statements.
The Interior and Labor ministries have stepped up their campaign to drive out residency and labor rule violators across the Kingdom after arresting nearly 8,500 foreigners in the Makkah region over the past two months.
The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.
August 18, 2014
Saudi Foreign Minister Prince Saud Al-Faisal met Sri Lankan Ambassador Mohamed Hussein Mohamed in Jeddah on Sunday to discuss strengthening bilateral relations.
King Abdullah donated an additional $1 million for Palestinian families in the West Bank, which would benefit up to 81,000 people.
Armed men attacked the motorcade of a Saudi prince Monday.
Saudi women married to expats to finally receive housing support.....under a series of ridiculous conditions
The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.
August 17, 2014
Iraq's President Fuad Masoum said his government would make a "series of communications and initiatives" with Saudi Arabia to ensure strong ties with the kingdom.
A clash of civilizations: are foreigners newly entering the Saudi stock market about to face a culture shock?
Saudi Arabia is one of the last major markets in the world to open up, so the reform is attracting massive interest among international fund managers
August 13, 2014
A rising gap between what is available on the market and what most Saudis can afford has left many frustrated home-seekers on the edge
Saudi Arabia's King Abdullah congratulated Haider Al-Abadi on becoming the next prime minister of Iraq, expressing hope that Sunnis, Shia and Kurds would be unified.
August 12, 2014
Egyptian President Abdel-Fattah El-Sisi met with Saudi Arabia's King Abdullah late Sunday where they reportedly tackled the restive situation in various countries in the Arab world.
August 10, 2014
The expansion in ethylene production capacity has resulted in Saudi Arabia being the third largest producer worldwide, accounting for 11 percent of global ethylene capacity.
August 6, 2014
A Saudi Arabian national has died after returning from Sierra Leone and is being tested for the Ebola virus.
“Carrying out employment strategy requires providing the necessary resources to carry out mechanisms within a specific timeframe,” the ministry said.