#Saudi Arabia

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

Uber, Careem said to face $100m tax bill in Saudi

The claims are reportedly related to a dispute over how to calculate value-added tax

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

Expo 2020 Dubai pavilions: Ireland, Singapore, Russia, Saudi Arabia, Czech Republic, Switzerland, Bahrain, Austria

Here’s a list of eight participating country pavilions and their offerings

Saudi Arabia considers freezones for cloud computing and manufacturing

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

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

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

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

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

Top backer of Dubai app Fetchr warns startup faces liquidation

Fetchr was valued at almost $300m in a 2017 fundraising round

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

Leap Saudi Arabia

Saudi Arabia’s startup VC ecosystem grew record 65% y-on-y in H1 2021

The upcoming global tech event, LEAP, will allow startups and platforms to present their ideas and innovations to secure investments

Fuel prices spike across Asia as global energy crunch takes hold

The electricity crisis is roiling energy markets from Europe to Asia

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

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

In pics: Sheikh Mohammed tours Expo 2020 site, visits country pavilions

Expo 2020 Dubai opened to the public on October 1

Healthy prospects: Dubai-based startup Med Reach on plans ahead

The healthtech startup is aiming to close communication gaps in the healthcare market, say founders Mohammad Shalaby, Abdulkader Tatari and Firas Anjarini

Whats On Saudi Arabia Arabic

What’s On Saudi Arabia launches Arabic site

The English version of the website launched in January 2021

Data Security 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

Saudi Arabia may issue a green bond by 2022, ‘if not before’

The global market for debt that complies with environmental, social or governance goals (ESG) looks set to top $1 trillion this year

In pics: Saudi reveals new luxury mountain resort as part of the Red Sea project

Work on the 60-key property began in July 2021

Acciona to build, operate 3 sewage treatment plants in Saudi Arabia

These new contracts are worth a combined $1bn