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Saudi Arabia

Saudi starts trial operations at new Arar airport

Once operational, the new Arar airport will have the capacity for 1.04 million annual passengers

Saudi shops, businesses can stay open 24/7 starting Jan 1, 2020

Businesses that wish to operate 24/7 will need a special licence

Two Saudis shot dead in Dammam were planning ‘terrorist’ attack – state agency

The two wanted men were driving a vehicle laden with explosives

Saudi sentences Yemeni man to death for theatre stabbings

The attack, in which three people were injured, was ordered by al-Qaeda in neighbouring Yemen, according to reports

Saudi says two ‘terrorists’ killed during a shootout in Dammam

The incident took place in a residential neighbourhood in the eastern city

Saudi, Kuwait agree to resume oil output at neutral zone

The oil fields at the so-called neutral zone can produce as much as 500,000 barrels a day

New Saudi government tenders and procurement law takes effect

The law grants the contracting government authorities the right to recourse to arbitration to settle their commercial disputes

Saudi court sentences five to death in Khashoggi murder case

In total, 11 people stood trial for the killing that took place at the kingdom’s consulate in Istanbul last year

IPO bankers face headwinds from Silicon Valley to Saudi Arabia

The top global banks’ fees from equity capital markets transactions are set to fall as much as 15 per cent this year

Kuwait could reach deal with Saudi to resume oil output in neutral-zone before year-end

The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day

Saudi Aramco stocks give up about half of gains since debut

Investors are seeking new catalysts for the stock after it was included in major emerging-market equity benchmarks

Twitter suspends 90,000 accounts in Saudi

Researchers traced the source of the coordinated activity to a Saudi-based social media and marketing company

Saudi theatre stabbing was ‘ordered by Al-Qaeda,’- state TV

The victims, a woman and two men, were treated for superficial wounds

Saudi’s biggest bank NCB ends merger talks with Riyad Bank

Differences over valuation potentially contributed to the collapse of the talks

Saudi Aramco up for third session, but valuation remains below $2 trillion

MSCI will add Aramco to its benchmarks using the closing price of December 17

Saudi unemployment falls to three-year low while expat exodus slows

However, the private sector is still losing jobs on an annual basis

Is Saudi Arabia the next venture capital hub?

By 2025, will Saudi Arabia be among countries where venture capital investments play a significant economic role?

Saudi Aramco crosses the $2 trillion mark on Thursday

On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target

Saudi Aramco inches closer to Crown Prince’s $2 trillion valuation

Aramco’s capitalisation jumped from $1.71 trillion to $1.88 trillion at the end of the first trading session on Wednesday

Aramco hits market value of $1.88 trillion, elevates Saudi bourse to world’s ninth-biggest

Aramco raised $25.6bn in the biggest-ever IPO, making it the world’s most valuable listed company

How Saudi Arabia intends to spend its Aramco IPO proceeds

Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy

What to expect in Saudi Arabia’s next budget?

Pre-budget figures announced in October see economic growth increasing to 2.3 per cent from 0.9 per cent in 2019

Saudi Aramco’s shares to begin trading on December 11

Saudi Arabia sold only 1.5 per cent of the company’s capital in the IPO

Saudi Arabia is dropping gender rules for restaurant entrances

The kingdom is ending the requirement that restaurants have two separate entrances

Saudi Arabia’s Prince Miteb passes away

Prince Miteb – the brother of Saudi Arabia’s King Salman bin Abdulaziz Al Saud – was born in 1931

Saudi Arabia takes over G20 presidency

Saudi Arabia will host the G20 Leaders’ summit on November 21 and 22, next year, in its capital Riyadh

Saudi Arabia’s cement industry on a growth trajectory

Cement production in the kingdom has been rising in the past three months

Aramco IPO bids reach $44.3bn as retail offer closes

The Saudi government plans to raise more than $25bn by selling a 1.5 per cent stake of the oil giant

Saudi Aramco IPO retail offering is fully covered with one day to go

Subscription reached SAR32.6bn ($8.7bn) with 3.7 million people signing up

Saudi, UAE discuss joint visit visa, refinery project during Prince Mohammed’s visit

Saudi Crown Prince Mohammed bin Salman is in the UAE on an official two-day visit