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Saudi Arabia

Oil war, virus plight force $13.3bn in Saudi spending cuts

The kingdom needs oil at almost $84 to balance this year’s budget

coronavirus

Covid-19: Saudi, Oman, Kuwait report new cases

The number of Covid-19 cases in Saudi Arabia and Qatar totals 238 and 452 respectively

Saudi calls for extraordinary ‘virtual’ G20 summit on Coronavirus next week

G20 leaders would put forward a coordinated set of policies to protect people and safeguard the global economy

Covid-19: Timings of shopping malls in the UAE reduced

The reduced operating hours do not apply to Carrefour, pharmacies or clinics within the malls

SAUDI-HEALTH-VIRUS

Saudi orders all private sector staff to work from home, suspends prayers at mosques

Companies working for the provision of food and medicine and the supply chain and logistical services related to them are exempt

Saudi to hike oil export to record 10 million bpd as crude prices plummet

The kingdom’s oil exports averaged just under 7 million barrels a day from December to February

Covid-19: Saudi, Oman continue to report additional cases

Those infected in Saudi Arabia total 133 while the number of Covid-19 cases in Oman total 24

Aramco keeps $75bn dividend promise even with oil’s plunge

The kingdom needs an oil price of $84 to balance this year’s budget

Saudi Arabia suspends work at govt departments for 16 days

All commercial markets and malls with be shut down, with the exception of pharmacies and food stores

Covid-19: Saudi, Oman, Kuwait report additional cases; GCC recoveries cross 125

A total of 118 people tested positive for the Covid-19 virus in the kingdom

Saudis detain 298 government employees in corruption probe

Total sum of misused funds amounted to SAR379m

Over 3,000 employees at Saudi’s stc to work remotely for two weeks

stc had previously provided remote working facilities to all its employees in the Al Qatif region

Saudi Central Bank declares SAR50bn package to combat coronavirus

Around SAR30bn ($7.99bn) is expected to be made available to banks and finance companies in return for deferring small- and medium-size businesses’ loans

Saudi Aramco reports 21% profit drop for 2019 on lower oil prices

Brent crude averaged $64.12 a barrel in 2019 compared with $71.67 the previous year

coronavirus

Coronavirus: GCC reports over 800 cases, 12% recoveries

The WHO declared the new strain of the coronavirus as a pandemic on Wednesday

Saudi Arabia suspends all international flights for two weeks

During the two weeks a few flights would be operated as “exceptional cases”

How the region’s startup ecosystem is gaining ground

What do startups look for to start off on the right foot in the region

Saudi Arabia bans travel, flights to EU, India, Philippines, among other countries

It has given a 72-hour period for its citizens and residents from the countries on the list to return to the kingdom

Saudi Arabia pledges to expand oil output capacity

The world’s biggest oil exporter will raise capacity to 13 million barrels a day from 12 million

GCC coronavirus update – Total cases near 400, more than 50 recoveries

The coronavirus continues its spread across the world having infected over 117,000 people

Saudi Arabia’s Aramco to pump 12.3 million bpd in April

It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories

Saudi grants 72-hour deadline for citizens to return to the country

Saudi also extended travel bans to 14 countries, including UAE, Oman and European nations

Dubai’s Emirates to operate special flights to Saudi from March 12-15

Only Saudi nationals will be allowed to travel on the special flights from Dubai to Riyadh, Jeddah and Dammam

Saudi to issue SAR500,000 fine for withholding travel information at entry points

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

Saudi extends travel bans to 14 countries, including Oman, European nations

The recent travel ban covers Oman, Germany, France, Turkey and Spain

Coronavirus update: GCC cases cross 260 as virus spreads

The Covid-19 has infected over 113,000 people residing in more than 100 countries

Etihad flights that landed in Saudi on Monday had to return with all non-Saudi nationals

The kingdom temporarily suspended flights to and from nine countries, including the UAE, on Monday

Abu Dhabi, Dubai bourses trade Dhs27.5bn of shares in Jan-Feb 2020

Of this amount, Dhs14.3bn was traded by foreigners

Saudi Arabia bans travel to UAE, eight other countries

The kingdom will suspend all air travel between itself and the nine countries

Saudi Arabia to close schools indefinitely from Monday

The education ministry said the “preventive and precautionary” measures were recommended by the health authorities to protect students and staff