Egypt, Saudi sign $10 billion deal for megacity project in Sinai

Egypt, Saudi sign $10 billion deal for megacity project in Sinai

by WorldTribune Staff, March 6, 2018 Egypt and Saudi Arabia have agreed to establish a $10 billion investment fund that will allow the Saudis to build a portion of their planned Neom megacity in parts of the southern Sinai. The two countries signed the deal during the March 4 visit to Egypt by Saudi Crown […]

Saudi first: Kingdom bans expatriates from 12 job types

Saudi first: Kingdom bans expatriates from 12 job types

by WorldTribune Staff, January 31, 2018 Saudi Arabia is reserving 12 job types for Saudi nationals only. A decree issued by Saudi Minister of Labor and Social Development Ali Al-Ghafees said that 12 retail jobs in the kingdom will be off-limits for non-Saudis as of September 2018, Arab News reported on Jan. 30. “While the […]

Movie theaters to open in Saudi Arabia for first time in 35 years

Movie theaters to open in Saudi Arabia for first time in 35 years

by WorldTribune Staff, December 11, 2017 Return of the Jedi and Terms of Endearment were the box office hits the last time Saudis had access to movies on the big screen. Saudi Arabia’s Ministry of Culture and Information announced on Dec. 11 that it would allow cinemas to operate beginning in early 2018, 35 years […]

Saudi elites humbled by pay cuts, told to buy their own cars, as oil prices drop

Saudi elites humbled by pay cuts, told to buy their own cars, as oil prices drop

by WorldTribune Staff, September 28, 2016 The unwritten rule in Saudi Arabia’s labor force has long been that private sector employees, in return for lifetime employment, would look the other way as public sector elites collected massive salaries and huge bonuses and enjoyed lavish perks. As the price of crude oil continues to plunge, however, […]