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Shuaa sees opportunities in Saudi Arabia’s property market

Saudi Arabia’s economy is being battered by a slump in crude prices and from lockdown measures to prevent the spread of Covid-19

Saudi Arabia

Saudi Arabia extends validity of residency permits, entry and exit visas for expats

Most of the visas have been extended for three months without holders having to pay any extra fee

GCC Covid-19 update: 683 infections in UAE, Saudi registers 3,580 cases

The death toll in the UAE and Saudi Arabia has risen to 323 and 1,916 respectively

Saudi Arabia extends some stimulus measures for business

The economy of the world’s biggest crude exporter is expected to contract 6.8 per cent overall this year

Saudi Arabia’s fiscal crisis won’t slow $20bn project

The Diriyah Gate project plans to turn the ancestral home of the royal family into a sprawling tourism, culture and entertainment destination

UAE-Saudi Arabia-Covid-19

UAE reports 400 Covid-19 cases, 1 death; Saudi records 3,383 infections, 54 fatalities

The total number of infections in UAE and Saudi Arabia stands at 49,469 and 197,608 respectively

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

Saudi Arabia to Bahrain causeway to reopen late July – report

The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia

Saudi clothing retailer Alhokair cuts staff pay

The retailer reported a full-year loss of $182m after a profit year ago

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

Saudi Arabia’s Prince Bandar bin Saad passes away

Funeral prayers will be performed in the city of Riyadh on Monday, June 29

saudi arabia riyadh

Saudi net foreign assets rise for first time since January

The stockpile climbed by about SAR3bn ($800m) to reach $445bn

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

GCC Covid-19 update: UAE registers 437 cases, 2 fatalities; 3,989 cases, 40 deaths in Saudi

The death toll in Saudi Arabia has crossed 1,550

GCC’s higher education sector: Chalking out the future of tomorrow

As industrial revolution and digital advancements scale the demand for technical and cross-functional skills, how has the regional higher education space responded?

Saudi says three Iranian boats forced to retreat after entering its waters

Border Guard officials said they were forced to fire warning shots at the boats

Saudi bank NCB plans $15.6bn takeover of rival Samba

The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank

Philippines to repatriate remains of 152 workers who died from Covid-19 in Saudi

A total of 8,361 Filipinos abroad have been infected by the virus, including 513 who died

Saudi’s Samba CEO sees U-shaped recovery after ‘triple jeopardy’

The kingdom unveiled a second $13.3bn stimulus package to protect lenders against an expected drop in profits and rise in bad loans

Dubai Silicon Oasis disinfection tunnel

GCC Covid-19 update: 430 new cases in UAE; Oman reports 1,366 infections

The death toll in the UAE stands at 308

Expats stranded outside Saudi will only be allowed to return after the pandemic ends

The mechanism for extending the exit and return visa is yet to be announced

coronavirus covid-19

GCC Covid-19 update: Saudi reports 3,123 cases, 41 deaths; UAE registers 450 infections, 2 deaths

The death toll in Saudi Arabia has risen to 1,387

Saudi Binladin Construction group misses salary payments

Most of the affected employees are based at Binladin’s headquarters in Jeddah and work in its construction unit

Saudi coalition forces destroy 8 ‘bomb-laden’ drones, 3 missiles launched from Yemen

The attacks were targeting “civilians in the kingdom” officials said

UAE endorses Saudi Arabia’s decision to limit Hajj 2020, will not participate this year

Only those already residing in Saudi Arabia will be permitted to attend Hajj this year

Coronavirus Testing Laboratory

GCC Covid-19 update: Saudi registers 3,393 cases, 40 deaths; UAE reports 378 infections, 1 death

The death toll in Saudi Arabia and Oman has scaled to 1,307 and 137 respectively

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Saudi education platform raises more funds as schools go online

Noon Academy currently operates in Saudi Arabia, Egypt, India and Pakistan, and plans to open a hub in London

coronavirus

GCC Covid-19 update: UAE reports 392 cases, 1 death; Saudi registers 3,379 infections, 37 fatalities

The death toll in the UAE and Saudi Arabia has risen to 302 and 1,267 respectively