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Saudi Arabia

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German firm Automobili Pininfarina unveils world’s first globally connected hypercar

Owners will be able to access online services in over 50 countries, including the Gulf region

Turki Al Malki, Saudi coalition

Saudi forces destroy armed drone launched towards civilian targets in the kingdom

The attack, launched on Wednesday, targeted the kingdom’s southern region

Saudi Arabia raises minimum wage for citizens by 33%

The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees

World’s biggest oil firm Saudi Aramco sells $8bn in bonds

Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years

Real Estate

Revealed: The most transparent real estate markets in the MENA region

Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index

Saudi Arabia to pivot attention, plow funds at home

The fund intends to play a leading role in refocusing the economy toward underdeveloped industries

Aramco turns to bonds to help fund $75bn dividend

The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year

GCC Covid-19 update: UAE reports 1,209 cases, 4 deaths

The death toll in the UAE and Oman has risen to 534 and 1,350 respectively

Saudi women phone

Saudi to provide 60,000 additional free wifi points, including at the two Holy Mosques

The initiative will see free wifi provided at hospitals, malls and public parks across the country

Ecommerce

UAE, Saudi Arabia top global Black Friday 2020 spending: study

Survey by Simon-Kucher & Partners says UAE and Saudi shoppers to spend $400 on average

Shop now, pay later payment platform Spotii makes Saudi debut

Customers can make interest-free payments over four equal instalments

GCC Covid-19 update: UAE reports 1,136 infections, 773 recoveries

The death toll in the UAE has risen to 523

Saudi research centre picks Oracle Cloud to run Covid-19 experiments

King Abdullah International Medical Research Centre chooses Oracle for high-performance computing

Multiple shots fired at Saudi embassy in Netherlands

No injuries were reported

Saudi oil giant pitches gas to China in cleaner-fuels push

Aramco is the world’s largest oil exporter

Oil extends gains on signs OPEC+ edging toward keeping cuts

The producer group is considering keeping additional supply off the market for three to six months

Several people injured in bomb attack in Jeddah

The incident took place at a non-Muslim cemetery

GCC Covid-19 update: UAE reports 1,214 cases; 302 infections confirmed in Oman

The death toll in the UAE has risen to 520

In pictures: First passengers make maiden voyage in hyperloop pod to mark testing milestone

Josh Giegel, co-founder and chief technology officer, and Sara Luchian, director of passenger experience, were the first people to ride

SAUDI ARABIA TO HOST FORMULA 1 IN 2021 - JEDDAH CORNICHE

Formula 1: Saudi Arabia to host race in 2021

The kingdom will become the 33rd country to host an F1 race

SAUDI-ARAMCO-ENERGY-STOCKS Tadawul

All Tadawul-listed issuers must offer disclosures in English and Arabic – Saudi regulator

The decision, taken by the Capital Market Authority, takes effect from January 1, 2021

Saudi mall operator Arabian Centres picks Oracle for business processes transformation

Arabian Centres to deploy Oracle Fusion Cloud Applications

Saudi VAT increase: What are the long-term implications?

The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July

Buy-now-pay-later platform tabby in new e-commerce partnership in Saudi Arabia

Announces partnership with Saudi-based e-commerce site Salla

How diversification can ensure sustainable growth in the GCC

Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies

GCC Covid-19 update: UAE reports 1,161 cases; 319 infections confirmed in Oman

The death toll in the UAE has risen to 505

Saudi Arabia reforms labour law; grants foreign workers greater rights

New reforms will come into effect in March 2021

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

Saudi Aramco maintains dividend despite 45% slump in profit

Income still increased for the first time in five quarters as oil prices steadied

Saudi non-oil private sector business activity improves to highest in 8 months

However, employment numbers dropped at the fastest rate since June