#Saudi Arabia

Fintech industry growing by 18% annually in Saudi Arabia: report

Fintech transactions in the kingdom amounted to over $20bn by the end of 2019

Israel asks UAE Crown Prince to visit as peace moves intensify

Israel and the UAE disclosed on Thursday that they had decided to put aside decades of official animosity in favour of normalising ties

King Abdullah Medical City picks Avaya Spaces to coordinate Covid-19 response

King Abdullah Medical City used Avaya Spaces to establish a workflow-based steering committee

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Saudi intercepts another missile attack from Yemen targeting ‘civilian targets’

The missile was launched towards the kingdom’s southern region on Sunday

Saudi sovereign fund said to hire ex-Morgan Stanley risk officer

The PIF received an injection of $40bn from the kingdom’s reserves in March and April

GCC Covid-19 update: UAE reports 210 cases; 162 infections, 10 deaths registered in Oman

An additional 10 people succumbed to the Covid-19 virus in Oman

Saudi wealth fund is said to repay $10bn bridge loan

PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co

Saudi wealth fund ditches blue-chip stocks, adds ETFs

The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

Dubai’s DIFC grants banking licence to Samba Financial Group

Samba Financial Group’s presence in DIFC will facilitate its access to regional markets

Saudi king NEOM

Saudi King Salman heads to NEOM for ‘rest and relaxation’

King Salman underwent a surgery in Riyadh last month for an inflamed gallbladder

New report says 95% of Saudi businesses experienced a major cyber attack in the past year

Most Saudi organisations (61 per cent) reported that cyber attacks involved operational technology systems

Saudi KAI airport

Saudi’s GACA denies reports that kingdom plans to resume international flights in October

A circular published on social media is “baseless and fabricated”, says the aviation authority

Study says 15% of Saudis tune in to podcasts at least once a week

Listeners trust podcasts more than radio, newspapers and websites, Markettiers report says

Saudi Arabia plans human trial of China’s CanSino Virus vaccine

The vaccine has produced an immune response in earlier trials in China

Dubai cloud kitchen platform iKcon secures $10m funding

iKcon currently operates ten cloud kitchens across the UAE

Aramco still aims for $15bn investment in India’s Reliance

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers

Saudi Arabia Youth

Two-thirds of Saudi Arabia’s population is under the age of 35

Nearly half of all Saudi employees are below the age of 35

Bee'ah Saudi Arabia Madinah

Sharjah’s Bee’ah waste management company expands into Saudi Arabia

Beea’ah will provide services including solid waste collection and transport services along with disinfection and sanitisation of waste bins

Ayesh 2

Saudi assistant defence minister dies

Mohammed bin Abdullah Al-Ayesh was suffering from an illness

GCC Covid-19 update: UAE registers 239 cases; 1,402 infections recorded in Saudi

The death toll in the UAE has risen to 354

sabic

Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

GCC Covid-19 update: UAE reports 254 cases, two deaths

The death toll in the UAE stands at 353

Jobless recovery from virus takes shape for top 3 Arab economies

Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July

King Fahd Causeway zwischen Bahrain und Saudi Arabien

Saudi reopens land borders with the UAE, Kuwait and Bahrain

Trucks coming from the GCC will be allowed entry into the kingdom

careem now

Network International underpins Careem’s digital payments initiative

The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries

GCC Covid-19 update: UAE records 189 cases; 1,342 infections registered in Saudi

No new deaths were recorded for the fourth consecutive day in the UAE

Saudis spend twice as much time watching mobile video as TV, study shows

Most consumers say a full-length TV or video series is too much of a time commitment