Home next GCC next Saudi Arabia

Saudi Arabia

Saudi coalition to free 200 houthis as Yemen peace efforts grow

The coalition will also enable flights in cooperation with the WHO to carry patients from Sana’a

Saudi lends Sudan $130m for health, education

The Saudi Fund for Development will provide the loan

Abu Dhabi said to be mulling $1.5bn stake in Saudi Aramco IPO

The emirate is seeking to make the investment through one or more state-linked entities, according to sources

Saudi Crown Prince Mohammed bin Salman to visit UAE this week

The Crown Prince’s last visit to the UAE was in November 2018

Salaries in Saudi to increase by 4.5% in 2020 – survey

The highest salary hike of 5 per cent is expected in the life sciences industries, while the lowest increase is anticipated in the energy industry

Oman optimistic about peace agreement between Saudis, Yemen rebels

The US has also begun efforts to find a negotiated settlement to the conflict

Next stop Abu Dhabi: Aramco in regional push to sell shares

The deal will now rely on local investors and won’t be marketed in the US, Canada and Japan

Saudi Aramco pitches to investors in Dubai to drum up support for IPO

The investor meetings are Aramco’s first outside Saudi Arabia

Saudi attracts 50,000 visitors since easing visa regulations

About 140,000 people requested tourist visas

Saudi’s ‘birthplace’ site catches foreign investor interest – CEO

Ground breaking is due to start January at the Diriyah Gate project, a UNESCO world heritage site

Revealed: Top brands that consumers in the UAE, Saudi recommend

Emirates was chosen as the most recommended brand in the UAE

Saudi Central Bank watches banks for excessive lending in rush for Aramco IPO

SAMA wants daily updates on how much credit banks are providing after it eased lending limits for buyers

Saudi Aramco sees nearly enough early orders for IPO after 3 days

Fund managers can subscribe to the stock until Dec. 4

Many consumers across UAE, Saudi unfollow social media influencers – report

The survey revealed that 79 per cent of consumers unfollowed social media influencers due to contrasting values and increased promotional content

Saudi doubles the amount that banks can lend for Aramco IPO

Saudi banks are seeking to cash in on the IPO after years of falling loan growth

Saudi Aramco cancels London leg of planned IPO roadshow

It’s the latest sign that the giant Saudi oil company has scaled back the international ambitions for the IPO

Saudi Arabia bans cigarettes without valid tax stamps

The ban comes into effect from November 18

Saudi Arabia cuts Aramco valuation, boosts loans for IPO

The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs

Aramex launches delivery solution across UAE, Saudi Arabia

Aramex intends to expand to 150 Spot locations by end of 2020

Five Saudi officials accused of corruption jailed, fined a total of SAR9m

The charges against the defendants included wasting public funds and selling government property without authority

Saudi Aramco seeks $1.71 trillion valuation in world’s biggest IPO

Aramco said it is seeking to raise as much as $25.6bn by selling a 1.5 per cent stake

Saudi Arabia bans public bonfires, levies fine

First-time offenders will be fined SAR100, with the amount increasing to SAR200 if the offense is repeated

Feminism is not ‘criminal offence’ in Saudi Arabia – officials

Saudi’s presidency of State Security issued a clarification following an erroneous promotional video that was broadcast last week

Morgan Stanley is latest bank to offer $1 trillion Saudi Aramco spread

Among 16 banks that offered a valuation, the range in estimates ran from $1.1 trillion at the bottom right up to $2.5 trillion

Bank of America hires first investment bank head in Saudi

Bank of America is one of more than 20 institutions working on Saudi Aramco’s IPO

Saudi, UAE and Bahrain to attend Gulf Cup in Qatar

The three Gulf Arab states cut diplomatic and trade ties with Qatar in June 2017

Theater performers stabbed during show in Saudi Arabia

The assailant, a 33-year-old Yemeni resident, stormed the stage and stabbed a woman and two men

UAE-based startup Trukker wins Saudi funds to expand in Middle East

The company’s $23m financing round is being led by STV, a $500m Saudi technology venture capital fund

Saudi grants first batch of permanent residencies to foreigners

The recipients come from 19 countries and include investors, doctors, engineers and financiers

Aramco taps Saudi billionaires including Olayans, Prince Alwaleed for major IPO orders

Saudi is also leaning on friendly governments to drum up demand for the listing