#Saudi Arabia

Saudi Arabia to Bahrain causeway to reopen late July – report

The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia

Saudi clothing retailer Alhokair cuts staff pay

The retailer reported a full-year loss of $182m after a profit year ago

GCC heading for hotel supply glut

How can GCC countries turn economic diversification into a reality

In the wake of the Covid-19 pandemic and plummeting oil prices, GCC governments must reconsider their approaches to build diversified economies

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

Saudi Arabia’s Prince Bandar bin Saad passes away

Funeral prayers will be performed in the city of Riyadh on Monday, June 29

saudi arabia riyadh

Saudi net foreign assets rise for first time since January

The stockpile climbed by about SAR3bn ($800m) to reach $445bn

UK visa services resume in UAE, Saudi, among other GCC countries

Optional Priority visas, super priority visas, and walk-in services will not be offered initially

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

GCC Covid-19 update: UAE registers 437 cases, 2 fatalities; 3,989 cases, 40 deaths in Saudi

The death toll in Saudi Arabia has crossed 1,550

Saudi says three Iranian boats forced to retreat after entering its waters

Border Guard officials said they were forced to fire warning shots at the boats

Saudi bank NCB plans $15.6bn takeover of rival Samba

The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank

Philippines to repatriate remains of 152 workers who died from Covid-19 in Saudi

A total of 8,361 Filipinos abroad have been infected by the virus, including 513 who died

GCC’s education sector: Paving the way ahead

In the aftermath of the Covid-19 pandemic, amid a perennial pursuit of digitisation to empower education, how bright is the outlook for the GCC’s education sector?

Saudi’s Samba CEO sees U-shaped recovery after ‘triple jeopardy’

The kingdom unveiled a second $13.3bn stimulus package to protect lenders against an expected drop in profits and rise in bad loans

Dubai Silicon Oasis disinfection tunnel

GCC Covid-19 update: 430 new cases in UAE; Oman reports 1,366 infections

The death toll in the UAE stands at 308

Expats stranded outside Saudi will only be allowed to return after the pandemic ends

The mechanism for extending the exit and return visa is yet to be announced

coronavirus covid-19

GCC Covid-19 update: Saudi reports 3,123 cases, 41 deaths; UAE registers 450 infections, 2 deaths

The death toll in Saudi Arabia has risen to 1,387

Saudi Binladin Construction group misses salary payments

Most of the affected employees are based at Binladin’s headquarters in Jeddah and work in its construction unit

Saudi coalition forces destroy 8 ‘bomb-laden’ drones, 3 missiles launched from Yemen

The attacks were targeting “civilians in the kingdom” officials said

UAE endorses Saudi Arabia’s decision to limit Hajj 2020, will not participate this year

Only those already residing in Saudi Arabia will be permitted to attend Hajj this year

Coronavirus Testing Laboratory

GCC Covid-19 update: Saudi registers 3,393 cases, 40 deaths; UAE reports 378 infections, 1 death

The death toll in Saudi Arabia and Oman has scaled to 1,307 and 137 respectively

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Oil holds near $42 while investors weigh demand against virus

Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore

Saudi education platform raises more funds as schools go online

Noon Academy currently operates in Saudi Arabia, Egypt, India and Pakistan, and plans to open a hub in London

coronavirus

GCC Covid-19 update: UAE reports 392 cases, 1 death; Saudi registers 3,379 infections, 37 fatalities

The death toll in the UAE and Saudi Arabia has risen to 302 and 1,267 respectively

Maaden phosphate unit signs $4.1bn finance deal

Maaden Waad Al Shamal Phosphate Co. will refinance $2.3bn owed to a syndicate of commercial banks and financial institutions

GCC retail sector will see 15.7% YoY growth, according to Alpen Capital

Covid-19 impact: How should retail respond to the fourth industrial revolution?

As a new wave of technology signals further changes to our lives and the regional ecosystem, how should sectors such as retail adapt?

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

saudi arabia riyadh

Saudi Arabia lifts national curfew, resumes commercial activities

International travel as well as entry to the kingdom via land and sea will remain suspended