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Saudi Arabia

Saudi’s Sabic sees profit surge amid global chemical boom

Revenue climbed 72 per cent year-on-year to $11.3bn

Saudi wealth fund is said to hire ex-HSBC executive as director

Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn

Buy-now-pay-later provider tabby secures $50m in Series B round

The funding will be used to expand tabby’s product portfolio and launch in new markets

Saudi Arabia airport

Saudi Arabia: Vaccinated tourists can now enter without having to quarantine

Saudi recognises the Pfizer-BioNTech, AstraZeneca, Moderna and Johnson & Johnson vaccines

DGA

Saudi Arabia’s DGA approves the regulatory framework of digital government

The regulatory framework will serve as the foundation for future digital government regulation

Saudi Arabia levies Covid-19 vaccine mandate

The kingdom reported 1,146 new Covid-19 cases on July 31

Saudi Arabia’s net foreign assets rose in June

The price of Brent crude averaged over $73 a barrel in June

Saudi ARabia Travel Ban

Covid-19: Three-year travel ban for Saudis who visit “red list” countries

The Ministry of Interior added that those who do not abide by these travel rules risk facing legal action and heavy penalties upon their return

Saudi Arabia halts $2bn sale of water plant stake

The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7bn to build

Saudi to resume Umrah for foreign pilgrims from August 10

The kingdom reopened the Grand Mosque in Makkah to domestic Umrah pilgrims on Sunday, July 25

GCC’s energy space: What does the future hold?

Stakeholders across local and regional countries are keen to pursue sustainable fuels

Saudi Arabia

Saudi bans citizens from travelling to Indonesia over Covid-19 concerns

It urged its citizens in Indonesia to exercise caution and to return to the kingdom at the earliest

Saudi Aramco

Saudi Aramco confirms data leak after reported cyber ransom

The state-owned driller was reportedly offered the chance to have the data deleted for $50m in cryptocurrency

Saudi Aramco

Saudis’ Motiva eyes revival of multibillion-dollar plastics plan

The value of the original project was estimated at $6.6 billion in 2018

Saudi arabia riyadh

Saudi Arabia to extend visa validity of expats stranded abroad until August 31

It will be extended automatically and at no additional cost to the visa holders

Heatwaves ease for second pandemic-era Hajj pilgrimage

Saudi Arabia is only allowing access to the holy sites for 60,000 nationals and residents who have been vaccinated and don’t suffer chronic diseases

Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed makes official Saudi visit

He met with Saudi Crown Prince Mohammed bin Salman on Monday

Covid-19: Saudi citizens will need to be fully vaccinated to travel outside the country from Aug 9

The only exemptions include children aged under 12 and those who have recovered from Covid-19 less than six months prior to the date of travel

McLaren gets $760m from investors including Saudi wealth fund PIF

McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

In pics: Pilgrims arrive in Makkah for Hajj amidst strict Covid-19 guidelines

The pilgrimage will be restricted to 60,000 Saudi residents and citizens this year

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

Fitch lifts Saudi Arabia’s outlook to stable as oil gives boost

The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year

Saudi Arabia’s vaccination rate spikes as deadline approaches

From August 1, vaccination will be required to enter government or private entities, educational facilities, malls and any entertainment or sporting activity

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales

Saudi Aramco is said to pick JPMorgan, Goldman for gas pipeline deal

The state energy giant is preparing to gauge interest in the assets from potential investors

Oman’s Sultan Haitham arrives in Saudi in first foreign visit

The two countries are signing agreements in a slew of fields including commerce, culture, investment promotion and post and transport

Dubai’s Foundation Holdings boosts Saudi healthcare portfolio

The healthcare and education investment firm acquired 51 per cent of Shifa Al Munthaza Polyclinic

Oman’s ruler Sultan Haitham to visit Saudi in first official foreign trip

Sultan Haitham will meet with King Salman during his two-day visit on Sunday and Monday