The decision also allows companies to terminate employee contracts after six months of the coronavirus pandemic period
Since the outbreak, Saudi Arabia has reported a total of 28,656 Covid-19 cases
The company’s first-quarter sales dropped 18 per cent to SAR30.83bn
The Covid-19-induced death toll in the UAE and Saudi Arabia has risen to 126 and 184 respectively
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
The funds will be used to support 6,000 businesses in their financing needs
He added that state oil revenue has decreased by more than half, and non-oil revenue will decrease as well
The death toll in the UAE and Saudi Arabia has risen to 105 and 162 respectively
The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards
The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic
Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
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
The kingdom has allowed malls in most regions to reopen during Ramadan
Saudi Arabia has reported a total of 18,811 Covid-19 infections since the outbreak
The average mobility reduction for the GCC region during Q1 2020 was 34.1 per cent
Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel
Minors will no longer face the death penalty
The deal will provide the Saudis nine million kits with a capacity to test 50,000 people per day
Since the outbreak, Saudi Arabia and the UAE have reported 17,522 and 10,349 cases respectively
The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
On April 25, Saudi reported 1,197 new Covid-19 cases with the highest number of new cases detected in Makkah
Since the outbreak, Saudi Arabia has reported a total of 13,930 Covid-19 infections
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
The Taraweeh prayer will be conducted by the Sheikhs and staff of the two Mosques
The total number of Covid-19 infections in the UAE and Saudi Arabia have spiked to 8,238 and 12,772 respectively
Saudi Arabia imposed an evening curfew across the kingdom in March to curb the spread of Covid-19
The company is in talks with local banks about the potential deal that would be denominated in Saudi riyals
The kingdom has reported more than 10,000 cases of Covid-19
Since the outbreak, a total of 43 and 103 patients have succumbed to the Covid-19 virus in the UAE and Saudi Arabia respectively