Gulf State Business

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies.

Published in Saudi Arabia

Economists have cut growth forecasts for most of countries of the Gulf as non-oil business activity slows because of government austerity measures.

Published in Saudi Arabia

A Kuwaiti court sentenced a Shiite lawmaker to 14 years and six months in absentia for remarks deemed highly offensive to fellow Gulf states Saudi Arabia and Bahrain.

Published in Kuwait

Saudi Arabia's deputy crown prince held a full day of meetings with U.S. lawmakers on Wednesday, part of a visit aimed at restoring frayed ties with Washington and promoting his plan to wean the kingdom away from oil revenue.

Published in Saudi Arabia

Cabinet also approves 2.5% tax on undeveloped urban land.

Published in Saudi Arabia

The economic slowdown gripping countries across the Persian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign workers drawn by brighter job prospects, it can have a far-darker side if they find themselves deep in debt.

Published in Qatar

The decline in oil prices is affecting the Saudi Arabian economy. Real GDP growth is projected by IMF staff at 1.2 percent this year, down from 3.5 percent in 2015.

Published in Saudi Arabia

The move is based on shared religious, historical, social and cultural ties between the UAE and Saudi Arabia.

Published in UAE

State-controlled Saudi Electricity Co (SEC) has started up part of its new 2,640 megawatt (MW) Jeddah South power plant and linked it to the grid.

Published in Saudi Arabia

Saudi Arabia aims to create the world's biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but the fund's growth abroad is likely to be slowed by its responsibility for aiding the economy at home.

Published in Saudi Arabia

Aramco is finalizing proposals for its partial privatization and will present them to its Supreme Council soon, its chief executive said.

Published in Saudi Arabia

Mr Naimi’s retirement was part of a wider reshuffle that put in place the team handpicked by Mohammed bin Salman, deputy crown prince, to implement his ambitious reform programme.

Published in Saudi Arabia

Saudi Arabia’s power behind the throne just took a big step into the spotlight.

Published in Saudi Arabia

This post is the first in a series by AGSIW scholars on Saudi Vision 2030, a sweeping set of programs and reforms adopted by the Saudi government to be implemented by 2030.

Published in Saudi Arabia
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Events

International workshop on state-business relations in the GCC Institute of Arab and Islamic Studies Exeter, 12-13 September...

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