International banks have been expanding in Saudi as the country embarks on a plan to diversify its economy beyond oil
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
A search for a successor is underway
This initiative is a win-win situation for employees as well as employers
The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms
The new charter also formally changed the name of the central bank, from Saudi Arabian Monetary Authority to Saudi Central Bank
UK technology companies involved in smart city projects across the region share their experience of collaborating with developers in the Gulf
Public Investment Fund and ADQ are weighing the purchase of Bausch Health’s Cairo-based drug unit
The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline
‘No such meeting occurred’, confirmed the kingdom’s Foreign Minister
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
No casualties were reported
The case count in the UAE has risen past 160,000
“There is very clear recognition from the G20 members that if we leave any country behind, we will be behind” – Saudi minister
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
Western Union Co. acquired a 15 per cent stake in stc pay
The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday
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
The VAT hike to 15 per cent, was implemented in July this year
The attack, launched on Wednesday, targeted the kingdom’s southern region
The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees
Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index
The fund intends to play a leading role in refocusing the economy toward underdeveloped industries
The Finance Ministry has partnered with Saudi British Bank, Samba Financial Group and National Commercial Bank
The initiative will see free wifi provided at hospitals, malls and public parks across the country
The death toll in the UAE has risen to 523
No injuries were reported
The producer group is considering keeping additional supply off the market for three to six months
The kingdom will become the 33rd country to host an F1 race
The decision, taken by the Capital Market Authority, takes effect from January 1, 2021