Aramco also increased pricing for light crude grades to the Mediterranean region
Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves
Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment
The kingdom resumed international flights from September 15 in a phased manner
International banks have been expanding in Saudi as the country embarks on a plan to diversify its economy beyond oil
Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks
A search for a successor is underway
The programme has helped banks avoid having to recognise credit as non-performing
The death toll in the UAE has risen to 570
This initiative is a win-win situation for employees as well as employers
The new charter also formally changed the name of the central bank, from Saudi Arabian Monetary Authority to Saudi Central Bank
The advent of disruptive technologies may prompt futurists to predict the end of the traditional wealth management model
Public Investment Fund and ADQ are weighing the purchase of Bausch Health’s Cairo-based drug unit
Abu Dhabi, Bahrain, Dubai and Riyadh named MENA’s top fintech ecosystems by Startup Genome
The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline
The death toll in the UAE has risen to 563
Ekar poised to add more than 5,000 cars within its app over the next six months across UAE and Saudi Arabia
SABIC reported its biggest quarterly loss in at least a decade in the three months through June
‘No such meeting occurred’, confirmed the kingdom’s Foreign Minister
The ministry aims to cover 70 per cent of the country’s population – that has not yet contracted Covid-19 – by the end of 2021
No casualties were reported
The case count in the UAE has risen past 160,000
“There is very clear recognition from the G20 members that if we leave any country behind, we will be behind” – Saudi minister
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
The death toll in the UAE has risen to 552
Western Union Co. acquired a 15 per cent stake in stc pay
The world’s largest crude exporter is relying on more borrowing as it grapples with the impact of the twin economic shocks caused by oil market turmoil and the coronavirus pandemic
The VAT hike to 15 per cent, was implemented in July this year
Similar to wealth, wealth management has gone through layers of evolution to become a specialised investment advisory service
Owners will be able to access online services in over 50 countries, including the Gulf region