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Saudi Binladin to hire more advisers for $15bn debt revamp

The kingdom’s top builder reached out to restructuring specialists across the Gulf to assist with reorganising the business

Turki Al Malki, Saudi coalition

Saudi forces destroy bomb-laden drones targeting ‘civilians’ in the kingdom

Attacks on the kingdom were launched on Wednesday and Thursday

GCC Covid-19 update: UAE reports 883 cases; 349 infections registered in Oman

The death toll in the UAE has risen to 393

GCC Covid-19 update: UAE registers 644 cases; 781 infections recorded in Saudi Arabia

The death toll in the UAE stands at 391

Saudi Telecom seeks to cut $2.39bn offer for Vodafone Egypt

STC had said that the offer gives the Egyptian business an enterprise value of $4.35bn

Indian-workers-Saudi

Saudi extends validity of expired residency visas for expats stuck aboard

The decision comes since international passenger flights to and from the kingdom remain suspended

Khashoggi

Khashoggi Verdict: No death penalty for accused in final Saudi ruling

Five of the men had been sentenced to death last year, but Khashoggi’s son announced in May that his family had forgiven the killers

GCC Covid-19 update: Oman registers 256 cases; 470 cases reported in UAE

The death toll in the UAE stands at 390

GCC Covid-19 update: UAE registers 513 cases; 619 infections confirmed in Kuwait

The death toll in the UAE remains unchanged at 388

Saudis reduce oil pricing in sign demand recovery is struggling

Aramco will also trim pricing for lighter barrels to northwest Europe and the Mediterranean region

AstroLabs eases business set-up in Saudi Arabia with new portal

Setupinsaudi.com lists a setup process and information on requirements

GCC Covid-19 update: UAE registers 614 cases; 900 infections confirmed in Kuwait

The infection count in the UAE has risen past 72,000

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

UAE-ISRAEL-US-DIPLOMACY

Saudi Arabia approves use of airspace for UAE flights to and from all countries

The UAE and Israel have recently normalised ties and pledged to cooperate in areas including civil aviation

UAE-based SellAnyCar.com expands into Saudi Arabia

Used cars online platform launches Kayishha in KSA following $35m cash infusion

GCC Covid-19 update: UAE registers 735 cases; 667 infections confirmed in Kuwait

The death toll in the UAE has risen to 387

Saudi Arabia delays showcase investment conference until January

It will now be held on January 26-28

GCC Covid-19 update: Saudi reports 898 cases; 574 infections confirmed in UAE

A total of 3,929 Covid-19-related demises have been reported in Saudi Arabia

King Salman Saudi Arabia

Saudi’s King Salman dismisses royals, officers in corruption probe at Ministry of Defence

Lt. General Mutlaq bin Salim bin Mutlaq Al-Azima will now serve as the Commander of the Joint Forces

Saudi Aramco discovers two oil, gas fields in north of kingdom

Aramco said it will drill more wells to evaluate how much energy the fields hold

Saudi Arabia reserves grew in July from lowest level since 2010

The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020

How are Saudi Arabia’s mega projects faring amid virus slowdown

Despite the headwinds caused by the pandemic, Saudi Arabia’s mega projects are moving along steadily

Covid-19 testing UAE 7

GCC Covid-19 update: UAE reports 491 cases; 187 infections registered in Oman

The death toll in the UAE remains unchanged at 378

Saudi Aramco appoints new CEO for $500m investment arm

Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over

Prince Khaled’s KBW Ventures invests in ethical pet food brand

KBW Ventures joins funding round for US-based Bond Pet Foods

Top Saudi Binladin executives leave amid $15bn debt revamp

The company is working with US investment bank Houlihan Lokey Inc. on reorganising its debt

GCC Covid-19 update: Oman reports 143 cases

The total cases in Oman have scaled to 84,652

SAUDI-ECONOMY-TRANSPORT-METRO

Saudi to localise engineering jobs from 2021

The decision applies to all private sector establishments that employ five or more engineering professionals

Aramco reshuffles top management, with new focus on portfolio

The moves come as Aramco adjusts to the reality of oil at $40 a barrel