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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

Saudi forces destroy bomb-laden drones, missiles launched towards civilians

Two separate incidents were reported on Saturday and Sunday

Saudi Aramco suspends $10bn China oil refinery venture

The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects

Saudi foreign minister

Saudi will stick to 2002 Arab peace plan – foreign minister

The plan proposes normalised relations with Israel only after it withdraws from the Palestinian territories

Saudi Arabia avoids reference to UAE normalisation with Israel

Saudi Arabia’s media has been more unfettered in its praise of the UAE’s decision

Fintech industry growing by 18% annually in Saudi Arabia: report

Fintech transactions in the kingdom amounted to over $20bn by the end of 2019

King Abdullah Medical City picks Avaya Spaces to coordinate Covid-19 response

King Abdullah Medical City used Avaya Spaces to establish a workflow-based steering committee

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Saudi intercepts another missile attack from Yemen targeting ‘civilian targets’

The missile was launched towards the kingdom’s southern region on Sunday

Saudi sovereign fund said to hire ex-Morgan Stanley risk officer

The PIF received an injection of $40bn from the kingdom’s reserves in March and April

GCC Covid-19 update: UAE reports 210 cases; 162 infections, 10 deaths registered in Oman

An additional 10 people succumbed to the Covid-19 virus in Oman

Saudi wealth fund is said to repay $10bn bridge loan

PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co

Saudi wealth fund ditches blue-chip stocks, adds ETFs

The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter

GCC Covid-19 update: UAE reports 277 cases; 701 infections registered in Kuwait

The death toll in the UAE stands unchanged at 358

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

Saudi king NEOM

Saudi King Salman heads to NEOM for ‘rest and relaxation’

King Salman underwent a surgery in Riyadh last month for an inflamed gallbladder

New report says 95% of Saudi businesses experienced a major cyber attack in the past year

Most Saudi organisations (61 per cent) reported that cyber attacks involved operational technology systems

Saudi KAI airport

Saudi’s GACA denies reports that kingdom plans to resume international flights in October

A circular published on social media is “baseless and fabricated”, says the aviation authority