INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia grants citizenship to foreigners with ‘distinguished talents’

Saudi Arabia has relaxed travel restrictions for expats from six countries.
  • Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved the citizenship.
  • The government said granting citizenship to such people will contribute to the development of various sectors throughout the kingdom.

Saudi Arabia has granted citizenship to an unspecified number of people with “distinguished talents, unique expertise and specializations”.

‏Saudi Press Agency reported that the announcement was made in line with the issued royal decree to grant Saudi citizenships to “experts and exceptional global talents” with “unique competencies” in religious, medical, scientific, cultural, sports and technological fields.

The government said granting citizenship to such people will contribute to the development of various sectors throughout the kingdom and help it achieve its strategic ‘Vision 2030’ goal aimed at creating a conducive environment that enables attracting, investing in and retaining exceptional creative minds.

The neighboring UAE had earlier this year announced long-term residency for foreigners with expertise in different fields. Immigrants make up a third of the population in Saudi Arabia.