#Saudi Arabia

US-HEALTH-VIRUS vaccine Covid-19

Saudi begins registrations for free Covid-19 vaccination for citizens, residents

The vaccination process in the kingdom will be in three stages

Saudi Arabia plans spending cuts in 2021 as economy recovers

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021

Blast at Saudi Port hits oil tanker as Red Sea attacks mount

No group or country claimed responsibility for Monday’s attack

Pfizer vaccine

Saudi approves registration of Pfizer Covid-19 vaccine

The authority will analyse samples from each incoming vaccine shipment before using it to ensure its quality

Five key stages for developing the tourism sector across the Middle East

Tourism is essential for economic diversification, growth, and job creation

Saudi forces destroy armed drone targeting ‘civilians’ in the kingdom

Saudi has seen a string of attacks launched by the Houthis in recent months

No pre-flight Covid-19 PCR test for passengers arriving in Dubai from GCC countries

The exemption is not applicable to passengers arriving by road through the Hatta border

SAUDI-HEALTH-VIRUS-DECONFINEMENT

Saudi to soon reveal registration process for Covid-19 vaccine in the kingdom

The kingdom has signed “important contracts with companies developing the coronavirus vaccine”

OPEC+meeting

Oil market receives boost as OPEC+ agree to gradual output hike

Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves

Saudi business conditions hit 10-month high as sales, jobs climb

Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment

SAUDI-HEALTH-VIRUS-TRAVEL

Saudi set to announce date for complete lifting of travel restrictions

The kingdom resumed international flights from September 15 in a phased manner

Natixis replaces Saudi Arabian CEO after six months in the role

International banks have been expanding in Saudi as the country embarks on a plan to diversify its economy beyond oil

Oil extends drop as OPEC+ struggles for consensus on output plan

Oil has just capped its biggest monthly increase since May on optimism energy demand will rebound as Covid-19 vaccines are rolled out in the coming weeks

Saudi Telecom’s CEO quits after two years

A search for a successor is underway

How new Saudi labour reforms benefit the economy

This initiative is a win-win situation for employees as well as employers

Outlook 2021: Challenging outlook offers varied picture for GCC banks

The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms

Saudi Arabia broadens Central Bank’s mandate to promote growth

The new charter also formally changed the name of the central bank, from Saudi Arabian Monetary Authority to Saudi Central Bank

smart city

Why partnerships are key to achieving the GCC’s smart city ambitions

UK technology companies involved in smart city projects across the region share their experience of collaborating with developers in the Gulf

Saudi, Abu Dhabi wealth funds team up on Egyptian drugmaker deal

Public Investment Fund and ADQ are weighing the purchase of Bausch Health’s Cairo-based drug unit

Oil tanker owner says ship attacked in Saudi Arabian Red Sea

The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline

Saudi Arabia dismisses reports of Crown Prince’s meeting with Israeli officials

‘No such meeting occurred’, confirmed the kingdom’s Foreign Minister

Saudi virus

Saudi to offer Covid-19 vaccine for free to citizens and residents

The ministry aims to cover 70 per cent of the country’s population – that has not yet contracted Covid-19 – by the end of 2021

Saudi oil facility hit by Houthi projectile attack

No casualties were reported

GCC Covid-19 update: UAE reports 1,065 cases, two deaths

The case count in the UAE has risen past 160,000

G20 leaders

G20: World leaders promise to ensure equality in the race to vaccinate people for Covid-19

“There is very clear recognition from the G20 members that if we leave any country behind, we will be behind” – Saudi minister

Saudi Arabia’s Acwa Power set to raise $1bn in sukuk sale

The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan

Western Union buys $200m stake in Saudi Telecom unit

Western Union Co. acquired a 15 per cent stake in stc pay

G-20

Leaders at the Saudi-hosted G20 summit to pledge to ensure fair distribution of vaccines

The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday

Saudi Arabia won’t tap debt market again in 2020, minister says

The world’s largest crude exporter is relying on more borrowing as it grapples with the impact of the twin economic shocks caused by oil market turmoil and the coronavirus pandemic

Saudi Arabia to review VAT hike once economic crisis ends

The VAT hike to 15 per cent, was implemented in July this year