Home next GCC next Saudi Arabia

Saudi Arabia

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

Maaden phosphate unit signs $4.1bn finance deal

Maaden Waad Al Shamal Phosphate Co. will refinance $2.3bn owed to a syndicate of commercial banks and financial institutions

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

saudi arabia riyadh

Saudi Arabia lifts national curfew, resumes commercial activities

International travel as well as entry to the kingdom via land and sea will remain suspended

Mosques in Makkah to reopen on Sunday

Several precautionary measures have to be followed at the mosques

Amazon Saudi Arabia

Amazon Saudi Arabia officially launched to replace Souq.com

The Amazon Prime service is not yet available in the kingdom

UAE-HEALTH-VIRUS

GCC Covid-19 update: UAE registers 388 new cases, 3 deaths; Oman reports 739 infections

The death toll in the UAE and Kuwait has risen to 298 and 308 respectively

sabic

Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

coronavirus

GCC Covid-19 update: Saudi registers 4,919 cases, 39 deaths; Oman reports 810 infections

The death toll in Saudi Arabia stands at 1,091

Bahrain’s King Fahd Causeway set to open new gates on the Saudi side

The bridge’s passenger capacity will increase by 45 per cent when it reopens to passenger traffic

Covid-19 impact on the regional energy sector: Is it set for a rebound?

In light of historic oil price routs and oversupply triggered by the novel coronavirus, how imminent and optimal is recovery for regional energy markets? Gulf Business speaks to Rita Allan, senior Construction and Projects associate at Pinsent Masons Middle East, to find out more

Saudi’s Millenium Arabia launch first Arabic esports series on Twitter

The series will be streamed every Thursday at 9.30pm UAE time starting June 18

Saudi oil exports to US plunge to lowest level in 35 years

The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day

Coronavirus Testing Laboratory

GCC Covid-19 update: UAE reports 346 infections, 2 fatalities; Saudi registers 4,267 cases, 41 deaths

The death toll in Saudi Arabia has reached 1,052

saudi arabia covid-19

Saudi Arabia rolls out $1bn industrial support package

Gross domestic product is expected to shrink the most in two decades this year

gavel

Saudi Shura Council to decide on appointing women as judges

A member of the council has tabled the recommendation to appoint women as judges in personal status courts

saudi arabia riyadh

Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

coronavirus

GCC Covid-19 update: Saudi reports 4,507 cases, 39 deaths; Oman registers 1,043 infections

The death toll in Saudi Arabia has crossed 1,000

sabic

Aramco begins taking SABIC stake in $69bn of block trades

Aramco will pay $24.8bn this week as a first installment in the deal

coronavirus

GCC Covid-19: Saudi reports 4,233 infections, 40 deaths; UAE registers 304 cases

The death toll in Saudi Arabia and Kuwait has risen to 972 and 296 respectively

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Missiles in 2019 Saudi oil attacks came from Iran, UN says

Missiles and a swarm of drones set off fires at the crude processing plant in Afif in May 2019, causing extensive damage and causing a spike in global oil prices

coronavirus

GCC Covid-19 update: UAE reports 479 cases, 2 deaths; Saudi registers 3,733 cases, 38 fatalities

The death toll in the UAE, Kuwait and Saudi Arabia has risen to 286, 279 and 857 respectively

Four MENA IPO deals raise $814.2m in Q1 2020

Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019

Saudi to use smart helmets to monitor people’s body temperatures

The helmets can detect body temperatures when a person is up to five metres away and they can examine up to 200 people per minute

UAE Coronavirus

GCC Covid-19 update: UAE reports 528 cases, 2 deaths; Kuwait registers 4 deaths

The death toll in the UAE and Kuwait has risen to 283 and 273 respectively

Saudi Arabia to end extra voluntary oil cuts after June

Brent crude, the international benchmark, fell 2.5 per cent to $41.23 a barrel at 4.29pm in London, erasing earlier gains

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

coronavirus covid-19

GCC Covid-19 update: Saudi registers 3,369 cases, 34 deaths; Oman reports 6 deaths

The death toll in Saudi Arabia and Kuwait has risen to 746 and 269 respectively

Saudis make biggest oil price hike in 20 years after OPEC+ cuts

Brent crude, down 36 per cent this year, has clawed back some of its losses and ended trading on Friday at more than $40 a barrel