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Saudi tech startup Foodics raises $20m in Series B funding

The funding will enable the startup to grow its share in existing markets, ramp up international expansion, as well as expand its fintech offering

Half of all Saudi, UAE gamers spent more time playing during lockdowns: study

Pandemic-accelerated gaming to continue post Covid-19 lockdowns in UAE and Saudi

Saudi chemical giant SABIC sees vaccinations boosting income

SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019

Saudi Arabia to start tracking tourism’s contribution to economy

The Tourism Establishment Survey will provide data on the industry, including the size of the workforce, pay and revenue and expenditure

SAUDI-HEALTH-VIRUS-TRAVEL

Saudi extends border closures, travel ban for citizens until May

The extension from the scheduled date of March 31 is due to vaccine delivery delays, officials said

Saudi Arabia aims to become next Germany of renewable energy

The kingdom is working with many countries on green and blue hydrogen projects

Saudi arrests businessmen, bank employees in $3.1bn corruption scheme

Those arrested were allegedly involved in a scheme that transferred more than SAR11.5bn outside the country

Saudi Arabia won’t erase budget deficit by 2024, says Goldman

Saudi Arabia said it would cut spending 7.3 per cent in 2021 to SAR990bn

Twitch: 4.4 million GCC gaming fans watched Arabic channels in 2020

Number of streams in Arabic increased by 221% from February to May peak

LME

Saudi Arabia returns to dollar-debt market to boost finances

The price of Brent crude is still below what most of the region’s economies need to balance their budgets

Two loud booms heard in Saudi capital Riyadh – witnesses

The kingdom had intercepted a hostile air target aimed at the city on Saturday

Saudi Arabia replaces central bank governor

Ahmed Alkholifey is being replaced by Fahad Al-Mubarak, who was central bank governor from 2011 to 2016

DGA

Saudi Arabia attracts record $152m in startup funding in 2020

Saudi startup ecosystem was the fastest growing in MENA, Magnitt report shows

Help AG appoints new country director for Saudi Arabia

Help AG’s new cybersecurity operations centre to launch in Riyadh in 2021

US, UK condemn air attack on Riyadh which ‘targeted civilians’

Saudi Arabia said it had “intercepted and destroyed a hostile air target going towards Riyadh” on Saturday

Saudi’s Public Investment Fund launches 5-year strategy; assets treble to $400bn

PIF aims to grow its assets under management to over $1.07 trillion by the end of 2025

Saudi Health vaccine

Saudi Arabia acknowledges delays in receiving Pfizer-BioNTech Covid-19 vaccine

Earlier this week, the country approved vaccines made by AstraZeneca and Moderna for use in the kingdom

Prince Khaled’s KBW Ventures joins $60m financing round for cell-based seafood company

Financing deal for US-based BlueNalu is largest to date in the cell-based seafood industry

SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

Huawei to open largest store outside of China in Saudi Arabia

The flagship store will be located in Riyadh Front in the capital

Military projectile by Houthi hits Jazan, injures three

The procedures adopted in such cases were immediately implemented

Prince Khalid bin Abdullah bin Abdulrahman Al Saud

Dubai’s Sheikh Mohammed condoles death of Saudi Prince Khalid bin Abdullah

The Saudi prince was a high-profile thoroughbred owner-breeder

Saudi Arabia Airport

Covid-19: Saudi Arabia issues travel advisory to 12 countries – reports

The advisory comes against the background of the new strain of Covid-19 which is believed to be more contagious

Saudi Aramco seeks $7.5bn loan for pipeline investors

The discussions are occurring in parallel with the sale of a stake in a pipeline unit

SAUDI-ECONOMY-TRANSPORT-METRO

Outsourcing firm Proven to enable clients meet Saudisation goals

Saudi Arabia wants localisation of 20 per cent of 117 engineering fields by beginning of 2021

UAE has ‘no reason’ to be in conflict with Turkey, minister says

The call for Turkey to reset relations follows the end of a three-year rift with Qatar

DGA

UAE-based BIOS Middle East expands to Saudi Arabia with two cloud data centres

The cloud data centres built on the VMware cloud stack

Saudi Arabia aims to raise over $5bn in bond-market return

No final decision on the timing has been made

Video: Saudi Crown Prince announces car-free, zero-carbon city, ‘The Line’

Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030

Saudi to resume flights to Qatar after restoration of ties

Saudi Arabia will be ready to resume all international flight operations on March 31