The world’s biggest oil exporter will raise capacity to 13 million barrels a day from 12 million
The coronavirus continues its spread across the world having infected over 117,000 people
It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories
Saudi also extended travel bans to 14 countries, including UAE, Oman and European nations
Only Saudi nationals will be allowed to travel on the special flights from Dubai to Riyadh, Jeddah and Dammam
The Ministry of Health reported five new cases of the Covid-19 coronavirus on Monday, taking the total number of infections in the kingdom to 20
The recent travel ban covers Oman, Germany, France, Turkey and Spain
The Covid-19 has infected over 113,000 people residing in more than 100 countries
The kingdom temporarily suspended flights to and from nine countries, including the UAE, on Monday
Of this amount, Dhs14.3bn was traded by foreigners
The kingdom will suspend all air travel between itself and the nine countries
The education ministry said the “preventive and precautionary” measures were recommended by the health authorities to protect students and staff
There will be a 50:50 ratio maintained in the number of males to females accepted into the programme
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