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Saudi Arabia

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Royal Commission for AlUla unveils $15bn opportunity for public-private partnerships

Upon completion, the wider development strategy for AlUla in 2035 aims to deliver 38,000 new jobs

Saudi Arabia Alula

Saudi Arabia: How AlUla’s development reverberates a message of inclusion, sustainability and culture

The ‘Journey Through Time’ Masterplan is an enormous opportunity for the local residents

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Saudi Arabia destroys bomb-laden boat off Yanbu in Red Sea

An investigation is ongoing

Saudi developer clinches $3.7bn green loan for The Red Sea Project

The financing is the first riyal-denominated credit facility to receive green financing accreditation

Saudi Aramco

Aramco weighs sale of stake in natural gas pipelines

The company is also conducting a strategic review of its upstream business

Hajj 2024

Up to 1.5 million people visit Makkah’s Grand Mosque during the first 10 days of Ramadan

Visitors are subject to strict Covid-19 precautionary protocols

Aramco said to review upstream assets for potential stake sales

The company reshuffled its senior management last year and created a division focused on portfolio optimisation

Checkout.com leads $110m round for Saudi fintech Tamara

The company raised $6m in seed funding at the start of this year

Saudi Arabia seeks to speed privatisations to help ease deficit

Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year

Saudi to retain ban on 20 countries including UAE, India and UK when international flights resume in May

The kingdom will resume international flights on May 17

Saudi-based Community Jameel to fund infectious disease research at Imperial College London

Jameel Fund for Infectious Disease Research and Innovation to provide grants of up to $65,000

Saudi Red Sea tourism plan set to clinch $3.7bn green loan

It will have a tenor of 15 years and an interest rate of about 1 per cent above the Saudi interbank offered rate

Saudi’s Dar Al Arkan collaborates with Versace Home on Shams Ar Riyadh project

The Shams Ar Riyadh project is located in an area north of Riyadh, on the King Khalid Road

Emaar’s Reel Cinemas expands into Saudi Arabia

The kingdom’s first Reel Cinemas venue will feature 14 screens

Emirates Dubai Health Authority

Saudi based Seera Group taps Checkout.com for digital payments

Digital transformation key to travel industry recovery

Saudi intercepts Houthi attack on Jazan University, debris leads to fire on campus

Coalition forces in the kingdom destroyed five ballistic missiles and four armed drones launched from Yemen in the latest attacks

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Saudi forces destroy armed drones, missiles launched from Yemen

The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months

Ramadan 2021: UAE moon sighting committee to meet on Monday

In Saudi Arabia, the Supreme Court said that the crescent had not been sighted on Sunday evening

UAE’s Mubadala may join $12bn Aramco oil pipelines deal

Mubadala is in talks with US investor EIG Global Energy Partners, the lead member of the consortium

Saudi executes three soldiers for ‘high treason’

An investigation allegedly uncovered their collaboration over plots against Saudi Arabia’s military interests, security and stability

ACWA Power inaugurates kingdom’s first renewable energy project

The project was awarded to an ACWA Power led consortium

SAUDI-HEALTH-VIRUS

Covid-19: Saudi postpones second dose vaccination appointments

The rescheduling decision was taken due to the shortage of international supplies of vaccines

Aramco selling $12.4bn stake in pipeline rights unit

The deal is part of Saudi Arabia’s drive to open up to foreign investment and use the money to diversify its economy

Saudi Arabia Alula

Saudi Crown Prince launches master development plan for AlUla

It will be implemented in three phases until 2035, with the first phase set to be completed by 2023

Saudi bourse restructures itself with eye on IPO in second half

The newly created Saudi Tadawul Group will have four subsidiaries

Neom, Tabuk Fish ink agreement to develop MENA’s largest fish farm

The hatchery will operate with a capacity of 70 million fingerlings

Ramadan 2021: Pilgrims must be Covid-19 immune to enter two Holy Mosques

Those who have recovered from the Covid-19 infection can also be issued a permit