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
The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter
Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023
Samba Financial Group’s presence in DIFC will facilitate its access to regional markets
King Salman underwent a surgery in Riyadh last month for an inflamed gallbladder
Most Saudi organisations (61 per cent) reported that cyber attacks involved operational technology systems
A circular published on social media is “baseless and fabricated”, says the aviation authority
Listeners trust podcasts more than radio, newspapers and websites, Markettiers report says
The vaccine has produced an immune response in earlier trials in China
iKcon currently operates ten cloud kitchens across the UAE
A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers
Nearly half of all Saudi employees are below the age of 35
Beea’ah will provide services including solid waste collection and transport services along with disinfection and sanitisation of waste bins
Mohammed bin Abdullah Al-Ayesh was suffering from an illness
The death toll in the UAE has risen to 354
SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year
The death toll in the UAE stands at 353
Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July
Trucks coming from the GCC will be allowed entry into the kingdom
The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries
No new deaths were recorded for the fourth consecutive day in the UAE
Most consumers say a full-length TV or video series is too much of a time commitment
The Solar Park project is the largest single-site solar power plant in the Middle East
The death toll in Kuwait has risen to 461
The consortium formally withdrew its interest because of the prolonged process and current challenges
The number of pilgrims attending this year’s Hajj has been limited to 1,000
OPEC and allied producers have started to ease output curbs amid weakening demand
The death toll in Oman has risen to 412
Saudi Arabia has dramatically downsized the ritual because of the coronavirus pandemic, with authorities testing pilgrims and cutting their numbers from the usual 2 million to around 1,000
The death toll in the UAE and Oman has risen to 347 and 402 respectively