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Saudi Arabia

Saudi’s Dar Al Arkan and Katara Hospitality join hands to develop sea-front project in Qatar

The project marks Dar Al Arkan’s first entry into Qatar with the aim of driving the development of the luxury property market

Mobily and Ericsson sign agreement to recycle old electronic devices in Saudi Arabia

The partnership is in line with Mobily’s efforts to reduce its emissions through using environmentally responsible methods for recycling old devices

Saudi ARabia

Saudi hoard of US Treasuries shrinks most since oil-price rout

The kingdom sold $4bn in US government debt, the most in over a year

Saudi oil discovery

Aramco oil pipeline investors ready multi-billion dollar bond

The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn

Saudi warns citizens not to travel to Lebanon

The warning comes after deadly clashes in Beirut last week

Saudi wealth fund PIF announces oil platform themed tourism project, ‘The Rig’

According to PIF, it is the world’s ‘first tourism destination on offshore platforms’ 

Saudi Arabia

Saudi Arabia: Face masks no longer required to be worn in most public spaces

The Grand Mosque in Makkah and the Prophet’s Mosque in Madinah will also be allowed to operate at full capacity

Tunisia in talks with UAE, Saudi Arabia for funds, official says

Tunisia is battling long-running economic troubles and has been mired in fresh political upheaval since late-July

Saudi British Bank makes kingdom’s first green deposit to finance sustainable initiatives

The funds were deposited with HSBC in the UAE

Saudi Arabia considers freezones for cloud computing and manufacturing

At the outset Saudi Arabia plans to build four or five zones

Digital Tranformation

The digital revolution in the Middle East

Gartner predicts that the IT spending in the MENA region is set to grow 4.5 per cent annually and reach $171.3bn this year as businesses increasingly digitise amid pandemic

Saudi mining plan gets $3bn EV boost from Australian firm

EV Metals is developing the battery chemicals processing facility with a view to supplying a potential automotive manufacturing cluster in the kingdom

Saudi Crown Prince launches National Investment Strategy

The strategy will contribute to the growth and diversification of the kingdom’s economy

Biggest Saudi IPO since Aramco jumps 30% on trading debut

ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Biggest Saudi IPO since Aramco set for Riyadh trading debut

Initial demand amounted to several billion dollars

UK inflation at new 40-year high worsens living standards crisis

UK starts trade deal process with Saudi Arabia, Gulf

British trade with the GCC was worth about $61bn in 2019

Umrah Saudi Arabia Grand Mosque

Saudi Arabia: Umrah, visit to two holy mosques restricted to fully vaccinated individuals

The directive is effective October 10 onwards

Drone attack on Saudi’s Jazan airport injures 10 people

Those injured included passengers as well as airport staff

Saudi exchange Tadawul is said close to IPO at $4bn value

An IPO of Tadawul has been on the cards since at least 2016

Saudi wealth fund PIF leads acquisition of Newcastle United after Premier League approval

Yasir Al-Rumayyan, governor of the Public Investment Fund, will serve as non-executive chairman of Newcastle United

FedEx Express to invest over $400m in Saudi Arabia

FedEx Express has been facilitating trade in the kingdom since 1994

Oil holds drop from seven-year high as energy crunch fears ease

US crude inventories expanded by 2.35 million barrels last week

Saudi non-oil private sector growth quickens to 7-year high

A Purchasing Managers’ Index compiled by IHS Markit rose to 58.6 in September

Four people injured at Saudi’s Abha airport in latest Yemeni drone attack

The coalition said falling debris from the drone – which was intercepted and destroyed – injured four workers at the airport

Saudi Arabia Airport

Saudi announces further easing of restrictions for certain travellers

Travellers from select categories, who were previously required to spend 14 days outside certain countries before entering the kingdom, can now enter directly

Noon.com to raise $2bn from backers including Saudi’s PIF

The investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries

Saudi Arabia airport

Saudi to restrict access to air travel only to fully vaccinated individuals

The decision will take effect from 6am on October 10

Saudis triumph in oil market with comeback from Covid crisis

The shortage of natural gas, which has sent prices to the equivalent of $190 a barrel, is spurring a switch to oil products for heating and manufacturing

Whats On Saudi Arabia Arabic

What’s On Saudi Arabia launches Arabic site

The English version of the website launched in January 2021

DDoS cyberattacks

Over 85% of Saudi organisations attribute cyberattacks to vulnerable technology

Sixty-seven per cent of security leaders said their exposure to cyber risk increased as a result of moving business-critical functions to the cloud