The kingdom has announced plans to establish AlUla as the world’s largest living museum
Brent crude, the global oil benchmark, closed down 9.4 per cent on Friday, its biggest daily drop since the global financial crisis in 2008, settling at $45.27 a barrel
Entry through land ports between the kingdom and the three GCC countries will be restricted to commercial trucks only
The value of outstanding mortgages has jumped to 482bn riyals – a 66 per cent increase since 2017 – with an official target of 500bn by end-2020
The kingdom reported its first case of the coronavirus earlier this week
Chief strategy officer Dennis Johnson and head of risk, Martin Botha, have exited the company
Central banks in the GCC matched the Fed’s half-percentage point cut
He becomes the first Indian to receive the kingdom’s coveted residency permit
A Saudi citizen, who came from Iran via Bahrain, tested positive for the virus
The refunds can be collected via the local Umrah agents in their respective countries
Saudi Aramco seeks to acquire a 70 per cent stake in SABIC for $69.1bn
The sukuk makes IsDB the leading sukuk issuer by total value on Nasdaq Dubai
Previously issued tourist visas to residents of these countries will also be temporarily suspended
GCC citizens who have been in the kingdom for 14 consecutive days and have not shown symptoms of coronavirus are exempt from the ban
All those with Umrah visas will also not be permitted to travel to the kingdom
BlueNau is the fourth cellular agriculture startup that KBW Ventures has invested in
The oil giant is in discussions with Wall Street banks to draw up scenarios for a second listing overseas
Saudi also suspends the use of national identity cards for its citizens and GCC nationals for travel to and from the kingdom
Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030
Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment
A series of royal orders created a separate ministry of investment and appointed former energy minister Khalid Al-Falih to head it
The Organization of Petroleum Exporting Countries and its allies are to meet next week in Vienna to assess their global cuts and output policy
The kingdom aims is to draw 100 million visits a year by 2030
Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender
Of Saudi Arabia’s 33 insurance companies, 10 made a loss last year, with the bulk of profits being earned by two companies — Bupa Arabia and Tawuniya
Central banks in Indonesia, Mexico, Turkey and South Africa have cut rates this year
The UAE has so far reported a total of 13 cases of the virus, with three having fully recovered
Jafurah will likely produce about 130,000 barrels a day of ethane, close to 40 per cent of the kingdom’s current production and around 500,000 barrels a day of gas liquids and condensates, representing about 34 per cent of the output
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
On Saturday, finance ministers and central bankers will descend on Riyadh for the G20’s first cabinet-level meeting