Saudi launches military industries company seeking to employ 40,000 by 2030

Saudi Arabia’s Public Investment Fund (PIF) on Wednesday announced the launch of a state-owned military industrial company aimed at contributing more than SAR14bn ($3.7bn) to the kingdom’s gross domestic product by 2030.

 

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Saudi to stop hiring expatriate dentists

Only Saudi nationals will be allowed to work as dentists in the kingdom under new regulations, according to local media reports.

 

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Saudi launches new plan to ensure workers get wages

Saudi Arabia has launched a plan to ensure that all domestic workers in the country receive their wages on time.

 

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Alawwal Bank and SABB mull merger to create Saudi’s third biggest bank

Shares in Saudi Arabia’s Alawwal Bank rose 9 per cent in early trading on Wednesday after it agreed to start talks with Saudi British Bank (SABB) about a merger that could create the kingdom’s third biggest bank with assets of nearly $80bn.

 

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Philippines says Saudi Arabia still needs its workers

Saudi Arabia will still need even more Filipino workers despite its “Saudisation” policy, Manila’s labour secretary said on Wednesday following a meeting between Philippine President Rodrigo Duterte and Saudi King Salman Bin Abdul Aziz.

 

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