General Electric signs 1 billion riyal deal to build gas turbines in Saudi Arabia - Reuters
RIYADH General Electric (GE) signed a one billion riyal ($267 million) joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam.altro »
General Electric signs 1 billion riyal deal to build gas turbines in Saudi... - Reuters
RIYADH General Electric (GE) signed a one billion riyal ($267 million) joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam.
Central bank governor says Saudi will stick to currency peg - Reuters
RIYADH May 2 The governor of Saudi Arabia's central bank said on Tuesday that the kingdom would stick to the currency peg linking the Saudi riyal to the U.S. dollar. "The peg exchange rate has served us very well and it continues to serve us, so we ...
Offered jobs as drivers, forced to work as labourers without pay: 13 Kerala men stuck in Saudi - The News Minute
“The offer was for 12 hours of duty, 1500 Saudi riyal as salary, sales commission, free accommodation and heavy vehicle license at the company's cost in three months. The visa cost us Rs 85,000 each, and the total expense was around Rs 1 lakh each.
Investments challenge Saudi insurers - Top1000funds.com
In addition, regulatory requirements mandate that insurance companies invest at least 50 per cent in Saudi riyal and a minimum of 80 per cent in Saudi Arabia. Regulations also prohibit investing in derivatives, option contracts, hedge funds, deposits ...
Dubai-bound man held in Chennai with Saudi currency worth ₹1.48 ... - The Hindu
A 38-year-old Dubai-bound passenger was detained by the Directorate of Revenue Intelligence in Chennai on Sunday for allegedly possessing undeclared ...
Car accidents killed over 9000 people in Saudi Arabia last year - StepFeed
First time offenders now face minimum fines of 20,000 Saudi riyals ($5,332), compared to 1,000 to 2,000 Saudi riyals previously. And penalties shoot up even more dramatically for repeat offenders. The fine doubles to 40,000 Saudi riyals for second-time ...altro »
Saudi Arabia launches national state company for military industries - Al-Arabiya
PIF also said that the company will contribute more than 14 billion Saudi Riyal or more than $3.7 billion to the GDP. It also said that the company will invest 6 billion riyals in military research. “Wholly government-owned SAMI aims to become one of ...altro »
Hyderabad woman rescued from Saudi jail, to fly back today - The New Indian Express
Haseena had escaped Shaman's house over non payment of the promised salary of 1,600 Saudi Riyal to her on monthly basis, and also the unfavourable work conditions. Wajeed also filed a complaint against two agents from the city – Jani Miya and Shafi ...altro »
Restoring Saudi allowances to cost about 7b riyals in 2017, official tells Arabiya - gulfnews.com
Restoring financial allowances to civil servants and military personnel will only cost the government about 7 billion riyals ($1.9 billion) this year, a senior finance ministry official told Al Arabiya television on Thursday.altro »