The coronavirus managed to wipe out 20 per cent of oil consumption in China
The book-building process for the IPO will start on February 10 with the shares being priced on February 20
All inbound travelers to the kingdom must disclose if they travelled to China during the 15 days prior to their arrival
The Saudi Arabia Public Investment Fund held just 39,151 shares at the end of 2019
The solar dome plants will also process drinking water more cheaply than conventional plants, at 34 cents per cubic meter
The Middle East’s biggest chemicals maker posted its first quarterly loss in a decade
The possible deal comes more than six years after STC had considered bid for a minority stake in Vodafone Egypt
Brent crude plunged nearly 4 per cent on Monday, dropping below $60 a barrel
The virus is the latest upheaval for the oil market, which is also dealing with plentiful global crude supply
Dubai continues to be a key regional business hub, while infrastructure and tourism initiatives in Riyadh will further fuel the economy and real estate market
The city of Wuhan, the epicentre of the virus, is currently under lockdown
The investor group has reportedly shown intent to purchase the soccer team, owned by British billionaire Mike Ashley, for $445m
A special report on the state of the e-commerce industry in the region outlining its most recent innovations, challenges that lie ahead and the way forward
“The kingdom’s tourism strategy is backed by astonishing infrastructure investments to the tune of $1.1trillion over the next 20 years”
The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each
The kingdom has urged for an investigation into the matter
Dubai carrier Emirates has emerged as the most popular brand in the UAE in 2019
Saudi Arabia’s fixed-income assets have been more resilient than those elsewhere in the Middle East
The kingdom last sold bonds in October when it raised a $2.5bn sukuk
The government has tried to offer options for all at the Riyadh Season, says official
The temperature dropped below zero degrees at the Jebel Jais mountain
Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering
The kingdom levied an excise tax on sugar sweetened beverages from December 1, 2019
The locust outbreak – the worst in 25 years – is threatening agricultural land and crops on both sides of the Red Sea
The General Authority of Civil Aviation has instructed national air carriers to allow the holders of these visas to travel to Saudi Arabia
Khalid bin Salman, the crown prince’s younger brother, will meet with officials in an effort to prevent an escalation
Olayan, 64, became the first woman to chair a Saudi-listed company
The overall economy was weighed down by shrinkage of 6.4 per cent in the country’s oil sector
Once operational, the new Arar airport will have the capacity for 1.04 million annual passengers
Businesses that wish to operate 24/7 will need a special licence