Tag: saudi government

US-Saudi Business Forum this week in Chicago, IL

Chicago will host the US-Saudi Business Opportunities Forum, from 27-29 April, which seeks to highlight Saudi Arabia’s growing role in global financial and economic issues and the opportunities for greater economic collaboration between Saudi Arabia and the US A delegation of approximately 200 Saudi government and business leaders, including ministers of petroleum, commerce and industry, [...]

An ‘Extreme Make-Over’ for the Saudi Religious Police

(Huffington Post) When a leading figure in the Saudi advertising sector told me last summer that the Saudi Religious Police approached him for ‘corporate re-branding’ suggestions, I couldn’t help but brush away the idea as nonsense. I wrongfully assumed that the ‘Haya’t al Amr Bil Ma’rouf wa Al Nahi an Al Munkar’ (The Committee of [...]

Shoura to regulate the powers of the Haya’a

In a move to regulate the powers of the Commission for the Promotion of Virtue and Prevention of Vice, the Shoura Council Sunday approved a proposal to have the rights and duties of all members spelt out in a written document. The recommendation was approved by 100 Shoura Council members, with 16 voting against the [...]

Layout: Saudi Gov. unveiled Kingdom’s largest budget for 2010

The Saudi Government has recently unveiled the Kingdom’s largest budget for the 2010 fiscal year. Using conservative demand and pricing estimates for oil, the government projects revenues to value $125.3 billion (SR470 billion), while expenditures will total approximately $144 billion (SR540 billion), resulting in a projected deficit of $18.7 billion (SR 70 billion). The upcoming [...]

Gulf Single Currency may Take Four Years

DUBAI — Four Gulf Arab states that are planning monetary union won’t be able to introduce a single currency for at least four years, Banque Saudi 
Fransi said.

Saudis will be able to buy handguns and other personal firearms

e to buy handguns and other personal firearms openly for the first time after the Ministry of Interior said Saturday it will license privately owned gun shops.

Anyone over 25 with a clean criminal record and a bank guarantee of SR500,000 can apply to open a gun store, the ministry said. An official said the move is aimed in part at reining in the widespread illegal ownership of handguns and assault weapons.



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