#Saudi Arabia

Why mixed-use developments represent the future of the community

Mixed-use developments have the power to add immense value to all stakeholders

Saudi’s King Salman Energy Park signs tenant agreements with TAQA and AMCO

TAQA to expand its industrial park; AMCO to set up new manufacturing facilities

Saudi Arabia to ship gas to South Korea and take CO2 back

The state-run energy company already uses carbon dioxide to pump more crude out of the ground in a process known as enhanced oil recovery

Saudi wealth fund may close its biggest-ever loan deal this week

The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments

Whats On Saudi

UAE-based lifestyle brand What’s On launches new website for the Saudi market

The site will focus on food, news, travel and local culture in Riyadh and Jeddah – with expansion to more cities towards Q4 2021

Revealed: Top TikTok influencers in the GCC

TikTok’s approbation in the region continues to gain momentum

NCB, Samba shareholders approve merger to create Saudi National Bank, kingdom’s biggest lender

Operations under the new name and structure are planned to start on April 1, 2021

Jamal Khashoggi

Khashoggi: Saudi Arabia ‘completely rejects’ report; UAE supports kingdom

Saudi Arabia said that the US intelligence committee report, which believed that the crown prince was responsible for Khashoggi murder, contained “inaccurate information and conclusions”

Video: Saudi forces destroy missile targeting ‘civilians’ in Riyadh, debris damages house

The kingdom also intercepted and destroyed six armed drones targeting the southern region, Jazan and Khamis Mushait

Saudi wealth fund commits $3bn to build mega mountain resort project, Soudah

Soudah Development will build 2,700 hotel rooms and 1,300 homes in an area that includes Soudah, the tallest peak in Saudi Arabia

Saudi Crown Prince undergoes surgery, discharged

The procedure to treat appendicitis was undertaken at King Faisal Specialist Hospital in Riyadh

Saudi Arabia turns to Euro-bond amid near record-low yields

The kingdom is planning a two-part, benchmark-sized deal with a three-year and nine-year offering

Abu Dhabi removes Saudi Arabia from ‘green list’, destinations cut to 10

Passengers arriving from the green list are exempt from mandatory quarantine measures

Lucid Motors

Lucid Motors agrees to go public with $24bn valuation

Lucid will now start production of its debut EV, a luxury sedan called the Air, in the second half of this year

Saudi issues weather warnings, with possibility of snow, heavy rains in certain parts

Saudi Arabia has been seeing many incidents of snowfall this year

Saudi Arabia opens military recruitment to women

Saudi female applicants must be between 21 and 40 years old, have a height of 155 cm or taller, and must not be a government employee

Saudi-backed UK health app Babylon ends deal with Tencent

A $550m cash infusion led by Saudi Arabia’s Public Investment Fund in 2019 valued the company at about $2bn

Saudi Arabia Oxford-AstraZeneca

Saudi Arabia approves use of Oxford-AstraZeneca Covid-19 vaccine

Other GCC countries including the UAE, Kuwait and Bahrain have already approved the use of the Oxford-AstraZeneca vaccine 

Saudi opens new Arar airport with the capacity to serve one million passengers annually

The project, built at a cost of SAR382m, has the capacity to handle more than 10,000 flights per year

Saudi forces intercept another drone attack targeting Abha airport

This is the third armed drone attack targeting Abha airport in recent days

Brent oil rises toward $64 with power crisis hitting US supply

The combination of frigid temperatures and refinery closures has spurred a scramble for fuels

Saudi to only award government contracts to firms that have an HQ in the kingdom

The new decision, which does not apply to private sector firms, will take effect from January 1, 2024

UAE’s ADNOC Distribution records Dhs2.4bn in net profit for 2020

During the year 2020, ADNOC Distribution opened 64 new stations

Saudi drone attack Abha

Saudi forces intercept three drone attacks targeting civilians

Two drones were launched towards Khamis Mushait on Sunday, and a third was destroyed on Monday morning

Saudi STC Pay introduces contactless cards

Visa card for use at point of sale, e-commerce and ATM withdrawals

Saudi gaming scene attracts new investment

Webedia Esports Agency announces acquisition of SaudiGamer.com

SAUDI-HEALTH-VIRUS

Saudi extends Covid-19 restrictions; gyms, cinemas to remain closed for another 20 days

The restrictions were initially put in place on February 4 for a period of 10 days

Saudi forces destroy another armed drone launched towards Abha airport

An attack at Abha International Airport on Wednesday, February 10, resulted in a civilian plane catching fire

AlUla agreement: What does resetting ties with Qatar mean for the GCC region?

The resumption of ties with Qatar by Saudi Arabia, the UAE, Bahrain and Egypt will boost the regional economy with certain sectors set to witness a significant impact

Aerial View of Coral Bloom Concept

In pics: Saudi’s Red Sea project unveils ‘Coral Bloom’ design for gateway island

Upon completion in 2030, the Red Sea project will comprise 50 resorts, offering up to 8,000 hotel rooms