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GCC Covid-19 update: UAE registers 614 cases; 900 infections confirmed in Kuwait

The infection count in the UAE has risen past 72,000

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

UAE-ISRAEL-US-DIPLOMACY

Saudi Arabia approves use of airspace for UAE flights to and from all countries

The UAE and Israel have recently normalised ties and pledged to cooperate in areas including civil aviation

UAE-based SellAnyCar.com expands into Saudi Arabia

Used cars online platform launches Kayishha in KSA following $35m cash infusion

GCC Covid-19 update: UAE registers 735 cases; 667 infections confirmed in Kuwait

The death toll in the UAE has risen to 387

Saudi Arabia delays showcase investment conference until January

It will now be held on January 26-28

GCC Covid-19 update: Saudi reports 898 cases; 574 infections confirmed in UAE

A total of 3,929 Covid-19-related demises have been reported in Saudi Arabia

King Salman Saudi Arabia

Saudi’s King Salman dismisses royals, officers in corruption probe at Ministry of Defence

Lt. General Mutlaq bin Salim bin Mutlaq Al-Azima will now serve as the Commander of the Joint Forces

Saudi Aramco discovers two oil, gas fields in north of kingdom

Aramco said it will drill more wells to evaluate how much energy the fields hold

Saudi Arabia reserves grew in July from lowest level since 2010

The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020

How are Saudi Arabia’s mega projects faring amid virus slowdown

Despite the headwinds caused by the pandemic, Saudi Arabia’s mega projects are moving along steadily

Covid-19 testing UAE 7

GCC Covid-19 update: UAE reports 491 cases; 187 infections registered in Oman

The death toll in the UAE remains unchanged at 378

Saudi Aramco appoints new CEO for $500m investment arm

Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over

Prince Khaled’s KBW Ventures invests in ethical pet food brand

KBW Ventures joins funding round for US-based Bond Pet Foods

Top Saudi Binladin executives leave amid $15bn debt revamp

The company is working with US investment bank Houlihan Lokey Inc. on reorganising its debt

GCC Covid-19 update: Oman reports 143 cases

The total cases in Oman have scaled to 84,652

SAUDI-ECONOMY-TRANSPORT-METRO

Saudi to localise engineering jobs from 2021

The decision applies to all private sector establishments that employ five or more engineering professionals

Aramco reshuffles top management, with new focus on portfolio

The moves come as Aramco adjusts to the reality of oil at $40 a barrel

Saudi forces destroy bomb-laden drones, missiles launched towards civilians

Two separate incidents were reported on Saturday and Sunday

Saudi Aramco suspends $10bn China oil refinery venture

The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects

Saudi foreign minister

Saudi will stick to 2002 Arab peace plan – foreign minister

The plan proposes normalised relations with Israel only after it withdraws from the Palestinian territories

Saudi Arabia avoids reference to UAE normalisation with Israel

Saudi Arabia’s media has been more unfettered in its praise of the UAE’s decision

Fintech industry growing by 18% annually in Saudi Arabia: report

Fintech transactions in the kingdom amounted to over $20bn by the end of 2019

King Abdullah Medical City picks Avaya Spaces to coordinate Covid-19 response

King Abdullah Medical City used Avaya Spaces to establish a workflow-based steering committee

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Saudi intercepts another missile attack from Yemen targeting ‘civilian targets’

The missile was launched towards the kingdom’s southern region on Sunday

Saudi sovereign fund said to hire ex-Morgan Stanley risk officer

The PIF received an injection of $40bn from the kingdom’s reserves in March and April

GCC Covid-19 update: UAE reports 210 cases; 162 infections, 10 deaths registered in Oman

An additional 10 people succumbed to the Covid-19 virus in Oman