American Business Group

of Jeddah

A First Visit: President Trump’s historic visit to Saudi Arabia
ABJ Roundtable Meeting with U.S. Consulate General and Staff
The Jeddah Skyline
Island Mosque on the Red Sea
North Jeddah Skyline
Jeddah Islamic Port
The Floating Mosque in Jeddah
The new King Abdulaziz International Airport
Historic 1945 meeting: King Abdul Aziz Ibn Saud and US President Franklin D Roosevelt

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Sponsor Headline News

SALT OF THE EARTH    

The Business Year talks to Nizar Kammourie, General Manager of SAWACO, on government reforms, renewable energy, and a new mode of doing business in the KSA.         

U.S. EXPORTS TO MENA REGION A “MIXED BAG” IN 2017: Overall Exports Are Down, but Some Countries Show Strong Growth, Led by Kuwait with 57% Surge Year-on-Year

According to new U.S. Government data analyzed by the National U.S.- Arab Chamber of Commerce (NUSACC), exports of U.S. goods to the Middle East and North Africa (MENA) amounted to a “mixed bag” in 2017, with some countries increasing imports from the USA, while other countries saw U.S. imports fall.  Among the major players in the region, Kuwait and Algeria occupied opposite ends of the trade spectrum: Kuwait experienced U.S. import growth of over 50 percent, while Algeria saw a drop in U.S. imports of more than 50 percent.    

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Saudi Industry News

A Look At Saudi Arabia And The New Economics Of Oil

There has been a significant shift in Saudi oil policy since early May and the kingdom wants to increase output to bring down oil prices, probably in response to pressure from the Trump White House. Saudi Arabia has always seen that oil price spirals that could cause global recession and decimate demand for its sole major export commodity.
Saudi Vision 2030

Our Vision: Saudi Arabia...the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub connecting three continents

Saudi Finance Ministry says no fees on foreign workers' remittances 

 IYADH:  The Saudi finance ministry said on Sunday there would be no fees applied on remittance out of the country, days after the kingdom’s advisory Shoura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances.

 

KSA switches to Gregorian calendar

RIYADH: Salaries, allowances and other payments to public servants will now be paid according to the Gregorian calendar in order to be aligned with the country’s fiscal year, according to a recent decision by the Council of Ministers.  On Wednesday the Cabinet agreed to switch from the Hijri calendar for payment of salaries, wages, bonuses and allowances to all civil sector employees.



American Business Group of Jeddah (ABJ) - Jeddah - Kingdom of Saudi Arabia
ABJ Contact Email Address:  manager@abj-sa.com
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