Construction industry leaders at the Saudi Talent in Construction Conference organised in association with the Human Resources Development Fund (HRDF) say they are hoping for a relaxation in the Ministry of Labour’s Nitaqat Saudiisation targets which they claim have seriously weakened…
Tag: Saudi Arabia
MEED conference told Saudi construction labour initiative to be launched
The Saudi Talent Conference organised in association with the Human Resources Development Fund (HRDF) was told this morning that a construction sector council is to be launched to promote the employment of Saudi Arabians in the industry. This will the…
Saudi Talent conference told public and private sector should co-operate in job creation
The Saudi Talent Conference organised in association with the Human Resources Development Fund (HRDF) was told this morning that government and business must co-operate to create more jobs for Saudi Arabians. “I believe we will have to adopt a strong…
GFH Capital buys Saudi bread and sweets maker
For full coverage of Middle East business developments, see MEED GFH Capital, a subsidiary of GFH Financial Group, announced today that it has agreed to acquire an unidentified market leading bread and sweets producer in Saudi Arabia for a transaction…
Saudi vacant land tax approved
For full coverage of Middle East business developments, see MEED The speed at which Saudi Arabian government has approved the new tax for unused land emphasises the importance to the kingdom of addressing housing shortages, JLL says in a report released…
Putin pivotal for oil and Syria
Russian President Putin, who met Saudi Arabia’s King Salman on Monday and is due visit Tehran next week, is poised to play a pivotal role in developing a coherent international approach to ending the Syrian war and defusing a looming…
Saudi Arabian mining conference opens in Riyadh
The Saudi Mining & Minerals Exhibition & Symposium 2015 kicks off today with Saudi Arabia’s Minister of Petroleum & Mineral Resources Ali Bin Ibrahim Al-Naimi, delivering a keynote address on the achievements and outlook for the Kingdom’s mining industry and…
IMF calls for Saudi finance, energy and labour market reform
Saudi Arabia should develop a comprehensive macroprudential framework, reduce domestic energy subsidies and promote the employment of nationals, the IMF said in a report published on 15 October. The report follows the publication last month of the IMF’s annual Article…
IMF forecasts healthy growth for Saudi Arabia in 2015
An International Monetary Fund (IMF) team led by Tim Callen held discussions from May 17–28 on the 2015 Article IV Consultation with Saudi Arabia. At the conclusion of the mission, Callen made the following statement: “The decline in oil prices is…
Saudi Arabia moves from the benign certainties of the past
Three big things have emerged in the changes in Saudi Arabia’s government last week. The first and most obvious is the replacement as crown prince of Prince Muqrin, the youngest son of Saudi Arabia’s founder King Abdulaziz, by Prince Mohammed…