#Saudi Arabia

Saudi tycoons expand fortune as grocery chain soars after IPO

Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co

GAC Motor GA8

GAC Motor launches all-new GA8 sedan in Saudi Arabia

GAC has five showrooms in four cities spread out across Madinah, Riyadh, Dammam and Jeddah

Saudi Arabia Riyadh

Saudi Arabia lays out ambitious national AI strategy

Saudi Arabia lays out ambitious national AI strategy

GCC Covid-19 update: UAE registers 1,538 cases; 451 infections confirmed in Oman

The death toll in the UAE has risen to 472

Jones Food Company

Why the GCC and Britain are collaborating for food security

The GCC states have launched agritech programmes and are working to facilitate global agribusiness trade and diversify international food sources

Aramco, Sabic to reassess $20bn crude-to-chemicals project

SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters

Saudi umrah 2

Saudi resumes Umrah at 75% capacity, allows prayers at the Grand Mosque

The number of pilgrims allowed to perform Umrah has increased to 15,000 per day

Saudi retailer Jarir joins rival to pin hopes on iPhone sales

Jarir, whose business also involves books and computers, reported a 16 per cent drop in third-quarter profit

Saudia flight

Saudia resumes flights to 20 international destinations

The Saudi airline restarted international flights on September 15 after six-months of Covid-19 restrictions

Top 10 countries with the world’s largest oil reserves

The oil market has been hit hard in 2020, with prices plummeting to record lows

Saudi Prince and Putin urge OPEC+ compliance as oil prices sag

While oil prices have more than doubled since OPEC+ began curbing supplies, Brent crude is still down 36 per cent this year

Year’s biggest bank merger sealed as Saudi rivals agree on deal

The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender

GCC Covid-19 update: UAE reports 1,096 cases, two deaths

The death toll in the UAE has scaled to 445

Saudi Arabia may face budget squeeze after 2021, Moody’s says

Saudi Arabia published an overview of its spending for the next three years that envisages annual cuts to help contain its fiscal deficit

Al-Ahsa Oasis

Pictures: Saudi Arabia’s Al-Ahsa Oasis enters Guinness World Records

The oasis covers an area of over 85.4 square kilometers

Turki Al Malki, Saudi coalition

Saudi intercepts another armed drone attack ‘targeting civilians’

Bomb-laden drones were launched towards the kingdom’s southern region on Saturday and Sunday

How street art is gaining ground in the UAE

Louis Wright, founder of Vandalist Art, is curating a members-only virtual gallery – Red Dot Rooms – that incorporates VR and augmented reality into the mix

Covid-19

GCC Covid-19 update: UAE reports 1,089 cases; 664 infections registered in Oman

The death toll in the UAE has risen to 438

Saudis raise oil prices for Asia in sign of market strength

The Organization of Petroleum Exporting Countries and allies including Russia are to meet on November 30-December 1 to review policy on production

Mosque

At least 24,000 pilgrims perform Umrah, no Covid-19 cases detected

The kingdom resumed the Umrah pilgrimage on October 4 in phases

Rixos Dubai Hotel & Suites Jewel of the Creek - Image 2[2] copy

Accor expands its presence in the UAE, Saudi with new projects

The hospitality group is set to manage a new project in Dubai’s Jewel of the Creek development and open Saudi’s first Swissôtel Living property

Saudi’s Amaala awards design and build contract of Construction Village to Tamimi Global

The development of the village will employ off-site fabrication and modular construction techniques, in line with Amaala’s sustainability goals

GCC Covid-19 update: UAE reports 1,046 cases; 817 infections confirmed in Oman

The death toll in the UAE has risen to 436

GCC Covid-19 update: UAE reports 1,061 cases, total infections cross 100,000 mark

The death toll in the UAE has risen to 435

Saudi to localise IT, communication jobs in kingdom

The localisation will help create 9,000 jobs for Saudi citizens

GCC Covid-19 update: UAE reports 932 cases; 544 infections registered in Oman

The death toll in the UAE has risen to 429

Houthi missile targets Saudi’s Jazan province

No injuries were reported

Saudi launches Al Nawras development project in Jeddah

The project is part of Saudi Vision 2030

Saudi Arabia Riyadh

Saudi Arabia scraps VAT for property deals

However, a new tax of 5 per cent – the Real Estate Transaction Tax – will be levied on property deals in place of the VAT

Covid-19 update: UAE reports 1,158 cases, highest daily rise in new infections

The registered infection count in the UAE has risen to 421