Edition:
United States

Celine Aswad

Jan 11 2017

Uber signs deal with Dubai regulator after pricing rows

DUBAI Ride-hailing service Uber [UBER.UL] signed an agreement with Dubai's transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability.

Jan 08 2017

Saudi embrace of ride-hailing apps drives economic, social change

DUBAI Saudi Arabia hopes its plan to bring a further 1.3 million women into the workforce by 2030 will be given a lift from ride-hailing apps Uber and Dubai-based rival Careem.

Sep 27 2016

Saudi chops wage, benefit bill in delicate pursuit of austerity

RIYADH/DUBAI A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

Sep 07 2016

Saudi to set lower listing requirements for second stock market

DUBAI, Sept 7 Saudi Arabia will set relatively low listing requirements for its second stock market in order to draw smaller companies to the bourse, which it aims to launch at the end of February next year, regulators have told securities firms.

Jun 23 2016

Saudi prince aims for Silicon Valley appeal to gleam at home

DUBAI/RIYADH The powerful young prince behind modernizing reforms in Saudi Arabia presents himself as the champion of his nation's plugged-in youth, and his visit to Silicon Valley this week sought to bolster that image.

Jun 08 2016

Expats, employers worried over uncertain Saudi tax proposal

JEDDAH/DUBAI Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign workers to make up for falling oil revenues.

May 05 2016

Saudi government lifts project bidding ban on Binladin group

DUBAI/RIYADH Saudi Arabia has allowed major builder Saudi Binladin Group to resume bidding for state projects, a senior Binladin executive said on Thursday, in a decision that may ease financial pressure on the troubled firm and banks which lend to the group.

May 04 2016

Saudi firms cope with austerity but more pain lies ahead

DUBAI Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult.

Jan 11 2016

Saudi Aramco would sell downstream ops, not upstream

KHOBAR, Saudi Arabia/DUBAI Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said.

Jan 10 2016

Exclusive: Saudi Aramco would sell downstream ops, not upstream - sources

KHOBAR, Saudi Arabia/DUBAI Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said.

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