#Saudi Arabia

Citi appoints Wassim Al-Khatib as Saudi CEO

Al-Khatib will be responsible for Citi’s regulated business in Saudi Arabia

Saudi ultra-luxury project may raise up to $2.7bn in 2022

Amaala, on the northwestern coast of Saudi Arabia, won’t tap markets until next year

First Saudi tech startup that could go public picks HSBC for IPO

Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens

Saudi Arabia Airport

Saudi resumes international travel with ban on 13 countries including India, Lebanon

The ban will also extend to “any other country that is yet to control the pandemic”

Saudi Arabia Quarantine

Saudi Arabia introduces 7-day paid institutional quarantine for unvaccinated arrivals

The cost of the quarantine will be included in the ticket prices, with airlines responsible for arranging the accommodation

Saudi Arabia halts some Brazil poultry including JBS plants

The Saudi Food and Drug Authority said imports from the plants will be suspended from May 23

Saudi Arabia may bar overseas Hajj pilgrims again – report

Last year, Saudi Arabia restricted the hajj pilgrimage to Makkah to a ‘very limited’ number of Muslims

Saudi Arabia’s Real Estate Development Fund appoints Mansour bin Madi as CEO

He previously held the fund’s general manager’s post

Saudi private-sector employment rises for first time this year

PMI in the United Arab Emirates rose to 52.7 from 52.6 in March, the highest since July 2019

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

Saudi Arabia names former Aramco dealmaker as economy minister

The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018

Schlumberger-backed Arabian Drilling planning Saudi IPO

Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year

Saudi Arabia

Saudi Arabia to lift travel ban on citizens from May 17

Citizens under the age of 18 are permitted to travel, provided they submit an insurance policy approved by the Saudi Central Bank prior to doing so

Royal Commission for AlUla unveils $15bn opportunity for public-private partnerships

Upon completion, the wider development strategy for AlUla in 2035 aims to deliver 38,000 new jobs

Saudi Arabia Alula

Saudi Arabia: How AlUla’s development reverberates a message of inclusion, sustainability and culture

The ‘Journey Through Time’ Masterplan is an enormous opportunity for the local residents

Saudi Crown Prince discusses Vision 2030, reveals plan to sell Aramco stake to energy firm

The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed

Saudi Arabia destroys bomb-laden boat off Yanbu in Red Sea

An investigation is ongoing

Up to 1.5 million people visit Makkah’s Grand Mosque during the first 10 days of Ramadan

Visitors are subject to strict Covid-19 precautionary protocols

How 5G is the future of eSports and gaming

With an increasing number of gamers, the eSports industry is expected to grow even more rapidly

Checkout.com leads $110m round for Saudi fintech Tamara

The company raised $6m in seed funding at the start of this year

Saudi Arabia seeks to speed privatisations to help ease deficit

Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year

Saudi to retain ban on 20 countries including UAE, India and UK when international flights resume in May

The kingdom will resume international flights on May 17

Revealed: Top 100 most powerful Arabs 2021

This year’s list welcomes 28 new entrants, including eight from Qatar

Saudi Red Sea tourism plan set to clinch $3.7bn green loan

It will have a tenor of 15 years and an interest rate of about 1 per cent above the Saudi interbank offered rate

Emaar’s Reel Cinemas expands into Saudi Arabia

The kingdom’s first Reel Cinemas venue will feature 14 screens

Saudi intercepts Houthi attack on Jazan University, debris leads to fire on campus

Coalition forces in the kingdom destroyed five ballistic missiles and four armed drones launched from Yemen in the latest attacks

Abu Dhabi oil giant ADNOC considers drilling, fertilizer IPOs

Deliberations on the potential listings are ongoing and no final decisions have been made

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Oil steady near $59 as Fed’s Powell points to economic growth

Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week

Saudi forces destroy armed drones, missiles launched from Yemen

The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months