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Saudi Arabia

Saudi wealth fund is said to repay $10bn bridge loan

PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co

Saudi wealth fund ditches blue-chip stocks, adds ETFs

The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter

GCC Covid-19 update: UAE reports 277 cases; 701 infections registered in Kuwait

The death toll in the UAE stands unchanged at 358

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

Saudi king NEOM

Saudi King Salman heads to NEOM for ‘rest and relaxation’

King Salman underwent a surgery in Riyadh last month for an inflamed gallbladder

New report says 95% of Saudi businesses experienced a major cyber attack in the past year

Most Saudi organisations (61 per cent) reported that cyber attacks involved operational technology systems

Saudi KAI airport

Saudi’s GACA denies reports that kingdom plans to resume international flights in October

A circular published on social media is “baseless and fabricated”, says the aviation authority

GCC Covid-19 update: UAE reports 262 cases; 263 infections registered in Oman

The death toll in the UAE has risen to 358

Study says 15% of Saudis tune in to podcasts at least once a week

Listeners trust podcasts more than radio, newspapers and websites, Markettiers report says

Saudi Arabia plans human trial of China’s CanSino Virus vaccine

The vaccine has produced an immune response in earlier trials in China

Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

Saudi Arabia Youth

Two-thirds of Saudi Arabia’s population is under the age of 35

Nearly half of all Saudi employees are below the age of 35

Bee'ah Saudi Arabia Madinah

Sharjah’s Bee’ah waste management company expands into Saudi Arabia

Beea’ah will provide services including solid waste collection and transport services along with disinfection and sanitisation of waste bins

Oil giant Aramco sticks with dividend even as profit crashes

Aramco will pay a dividend of $18.75bn for the quarter

Ayesh 2

Saudi assistant defence minister dies

Mohammed bin Abdullah Al-Ayesh was suffering from an illness

GCC Covid-19 update: UAE registers 239 cases; 1,402 infections recorded in Saudi

The death toll in the UAE has risen to 354

sabic

Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

Jobless recovery from virus takes shape for top 3 Arab economies

Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July

King Fahd Causeway zwischen Bahrain und Saudi Arabien

Saudi reopens land borders with the UAE, Kuwait and Bahrain

Trucks coming from the GCC will be allowed entry into the kingdom

GCC Covid-19 update: UAE records 189 cases; 1,342 infections registered in Saudi

No new deaths were recorded for the fourth consecutive day in the UAE

GCC Covid-19 update: Kuwait reports 388 cases

The death toll in Kuwait has risen to 461

Saudi Aramco loses status as most valuable publicly listed company to Apple as Amazon closes in

Amazon riding an e-commerce and cloud computing wave as people shelter-in-place due to Covid-19

Saudi Arabia’s PIF abandons bid for Newcastle United

The consortium formally withdrew its interest because of the prolonged process and current challenges

Hajj 2020 Saudi 5

In pics: Hajj 2020 begins, Saudi authorities confirm no Covid-19 cases among pilgrims

The number of pilgrims attending this year’s Hajj has been limited to 1,000

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

GCC Covid-19 update: UAE registers 375 cases; 665 infections reported in Oman

The death toll in Oman has risen to 412

hajj-picture

Hajj pilgrimage in the age of coronavirus is unlike any before

Saudi Arabia has dramatically downsized the ritual because of the coronavirus pandemic, with authorities testing pilgrims and cutting their numbers from the usual 2 million to around 1,000

GCC Covid-19 update: UAE registers 369 cases; 846 infections reported in Oman

The death toll in the UAE and Oman has risen to 347 and 402 respectively

Standard Chartered

Standard Chartered appoints new CEO for Saudi Arabia banking division

In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom

HSBC arranges first green export credit agency loan for Saudi ministry

The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network