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SAUDI-HEALTH-VIRUS

GCC Covid-19 update: Saudi reports 1,645 cases; Kuwait confirms two deaths

Since the outbreak, Saudi Arabia has reported a total of 28,656 Covid-19 cases

sabic

Saudi Arabia’s SABIC suspends all but essential spending

The company’s first-quarter sales dropped 18 per cent to SAR30.83bn

UAE-DUBAI-HEALTH-VIRUS

Covid-19 GCC update: UAE reports 564 cases; Saudi registers 1,552 infections

The Covid-19-induced death toll in the UAE and Saudi Arabia has risen to 126 and 184 respectively

Saudi Arabia wealth fund builds team to hunt for global bargains

The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis

saudi arabia riyadh

Saudi bank earmarks $2.4bn to help small businesses

The funds will be used to support 6,000 businesses in their financing needs

Saudi finance minister says country looking at ‘painful’ measures, deep spending cuts

He added that state oil revenue has decreased by more than half, and non-oil revenue will decrease as well

GCC Covid-19 update: Saudi registers 1,351 infections; UAE reports 552 cases

The death toll in the UAE and Saudi Arabia has risen to 105 and 162 respectively

UAE pharma Julphar resumes exports to Saudi after suspension

The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards

Prince Alwaleed

Alwaleed Philanthropies allocates $30m to combat the virus

The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic

Saudi banks act in unison to reassure investors on oil and virus

Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”

Dettol pledges $1m to support frontliners in Saudi Arabia

Dettol’s commitment will come in the form of half a million hygiene and cleaning products that will be used to support frontline health workers throughout the country

Saudi mall operator Arabian Centres to reopen 20 shopping centres this week

The kingdom has allowed malls in most regions to reopen during Ramadan

coronavirus

GCC Covid-19 update: Saudi reports 1,289 cases

Saudi Arabia has reported a total of 18,811 Covid-19 infections since the outbreak

Google reveals how Covid-19 has impacted mobility in the GCC

The average mobility reduction for the GCC region during Q1 2020 was 34.1 per cent

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

Saudi Arabia changes law for juvenile offenders in the kingdom

Minors will no longer face the death penalty

Saudi signs $265m deal with China to fight virus

The deal will provide the Saudis nine million kits with a capacity to test 50,000 people per day

saudi arabia coronavirus

GCC Covid-19 update: Saudi reports 1,223 cases; UAE’s case count crosses 10,300

Since the outbreak, Saudi Arabia and the UAE have reported 17,522 and 10,349 cases respectively

Saudi wealth fund seeking ‘any opportunity’ amid virus

The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital

Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp

The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations

saudi arabia riyadh

Saudi Arabia eases curfew and business restrictions across the country, except in Makkah

On April 25, Saudi reported 1,197 new Covid-19 cases with the highest number of new cases detected in Makkah

coronavirus saudi arabia

Saudi reports 1,158 Covid-19 cases, 7 deaths

Since the outbreak, Saudi Arabia has reported a total of 13,930 Covid-19 infections

Saudi Arabia could borrow record $58bn as oil slump bites

The government is looking at additional spending cuts and may issue as much as an additional SAR100bn of debt on top of SAR120bn riyals already announced

Saudi approves Taraweeh prayer in two Holy Mosques

The Taraweeh prayer will be conducted by the Sheikhs and staff of the two Mosques

UAE Coronavirus

GCC Covid-19 update: 1,141 new cases in Saudi; UAE records 483 new infections

The total number of Covid-19 infections in the UAE and Saudi Arabia have spiked to 8,238 and 12,772 respectively

Saudi announces revised curfew hours during Ramadan

Saudi Arabia imposed an evening curfew across the kingdom in March to curb the spread of Covid-19

Saudi Arabia’s ACWA Power plans to raise up to $1bn

The company is in talks with local banks about the potential deal that would be denominated in Saudi riyals

SAUDI-HEALTH-VIRUS

Saudi says two Holy Mosques will remain closed to worshippers during Ramadan

The kingdom has reported more than 10,000 cases of Covid-19

coronavirus

GCC Covid-19 update: 484 new cases in UAE; Saudi reports 1,122 more cases, 6 deaths

Since the outbreak, a total of 43 and 103 patients have succumbed to the Covid-19 virus in the UAE and Saudi Arabia respectively

G20 health ministers say pandemic reveals ‘systemic weakness’

Officials from WHO, including director-general Tedros Adhanom Ghebreyesus, participated in Sunday’s event