Arabian Centres to deploy Oracle Fusion Cloud Applications
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
Announces partnership with Saudi-based e-commerce site Salla
Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies
New reforms will come into effect in March 2021
However, employment numbers dropped at the fastest rate since June
The Red Sea Development Co. project, owned by the kingdom’s Public Investment Fund, is the biggest leisure development, spanning over 10,000 square miles
The Saudi national has been referred to the Public Prosecution
The ministry is set to hold a press conference next week to outline reforms to increase the competitiveness of the Saudi labour market
Total trade decreased by 18.7 per cent in May 2020 compared with May 2019
The funds will support the brand’s expansion in India and the Middle East with plans to launch in Saudi Arabia
The death toll in the UAE has risen to 482
Foodics partnered with Maalem Financing to launch the fund
The kingdom destroyed armed drones launched from Yemen on Saturday, Sunday and Monday
Fresh Graduates Programme employs 100 youth in the kingdom
GAC has five showrooms in four cities spread out across Madinah, Riyadh, Dammam and Jeddah
Trade between the two countries hit $2.17bn in Q3 2020
The additional routes will increase Saudia’s total number of international destinations to 33
Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co
Saudi Arabia lays out ambitious national AI strategy
The death toll in the UAE has risen to 472
The GCC states have launched agritech programmes and are working to facilitate global agribusiness trade and diversify international food sources
SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters
The number of pilgrims allowed to perform Umrah has increased to 15,000 per day
Jarir, whose business also involves books and computers, reported a 16 per cent drop in third-quarter profit
The Saudi airline restarted international flights on September 15 after six-months of Covid-19 restrictions
The oil market has been hit hard in 2020, with prices plummeting to record lows
While oil prices have more than doubled since OPEC+ began curbing supplies, Brent crude is still down 36 per cent this year
The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender
The death toll in the UAE has scaled to 445