Middle-east Arab News Opinion | Asharq Al-awsat

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Investors and speculators monitor stock prices on a screen at the FALCOM investment bank in Riyadh August 5, 2014. REUTERS/Faisal Al Nasser

Saudi Ministry of Labor, Social Development Determines Mechanisms to Pay Subsidies for Eligible Beneficiaries of ‘Citizens Account Program’

by Nayef Al-Rasheed | Jan 9, 2017 | Business

Riyadh – The Ministry of Labor and Social Development in Saudi Arabia has revealed that the beginning of February will witness receiving registration applications for the “Citizens Account Program”, noting that allowances will be paid to eligible families before...

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Saudi Arabia’s unemployment rate rose to 12.1 percent in the third quarter of this year [Reuters]

Saudi Arabia: Citizens Account Program Supports Private, Public Sectors Employees

by Shuja Al-Baqmi | Dec 24, 2016 | Business

Riyadh- The unified “Citizens Account Program” represents a new step on the level of guiding the Saudi subsidy to limit the influence of energy prices increase on citizens – before, the purpose of subsidy was to reduce the rise of prices and to make them affordable...

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Saudi Labor and Commerce Ministries agree to support SMEs (SPA)

Saudi Labor and Commerce Ministries Agree to Support SMEs

by Asharq Al-Awsat | Nov 11, 2016 | Business

Riyadh – Saudi Ministries of Labor and Social Development and Commerce and Investment have agreed on a number of mechanisms aimed at supporting small and medium enterprises, within the framework of Saudi Arabia’s Vision 2030 and the National Transformation Program. A...

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35th GCC Summit. SPA

Gulf States Discuss Formation of Coordinating Body for Joint Charity

by Asharq Al-Awsat | Nov 7, 2016 | Business

Riyadh – Gulf ministers are to discuss GCC strategy in areas of labor and social development, conditions of foreign workers in GCC countries and a suggestion to form a coordinating body for joint charity work. These will be discussed during the 33rd session of...