Sponsor Headline News
American Business Group of Jeddah (ABJ) for breaking bread
with U.S. Consulate General staff on October 5thAmerican Business Group of Jeddah (ABJ) for
breaking bread with U.S. Consulate General staff on October 5th . Consul General Mitman hosted leadership
from the ABJ at his residence to discuss trending economic and political topics
of the day, including Vision 2030 and budget reforms. We look forward to our
continued partnership!
Al Salem Johnson Controls (ASJC), a joint venture between the Al Salem Group of Companies and Johnson Controls, a global multi industrial company, has laid the foundation stone for their new, state of the art manufacturing facility and training center at King Abdullah Economic City’s Industrial Valley.
Nesma Trading Awarded Petro Rabigh Project
Nesma Trading’s Technical System Division was awarded a project worth SAR 134 million; Saudi Aramco and Sumitomo Chemical started the Petro Rabigh project with the aim of building integrated oil refining and petrochemical operations by way of upgrading Saudi Aramco’s oil refinery and constructing a new petrochemical complex.
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Saudi Industry News
Our Vision: Saudi Arabia...the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub connecting three continents
Saudi Finance Ministry says no fees on foreign workers' remittances IYADH: The Saudi
finance ministry said on Sunday there would be no fees applied on remittance
out of the country, days after the kingdom’s advisory Shoura Council said it
was looking at a proposal to impose a 6 percent levy on expatriate remittances. Repeal JASTA, New York Times urges US Congress
JEDDAH: The New York Times has urged the US Congress to repeal the so-called 9/11 Bill or the Justice Against Sponsors of Terrorism Act (JASTA) before it could do more damage.
KSA switches to Gregorian calendar
RIYADH: Salaries, allowances and other payments to public servants will now be paid according to the Gregorian calendar in order to be aligned with the country’s fiscal year, according to a recent decision by the Council of Ministers. On Wednesday the Cabinet agreed to switch from the Hijri calendar for payment of salaries, wages, bonuses and allowances to all civil sector employees.
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