“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
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