#Saudi Arabia

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Missiles in 2019 Saudi oil attacks came from Iran, UN says

Missiles and a swarm of drones set off fires at the crude processing plant in Afif in May 2019, causing extensive damage and causing a spike in global oil prices

coronavirus

GCC Covid-19 update: UAE reports 479 cases, 2 deaths; Saudi registers 3,733 cases, 38 fatalities

The death toll in the UAE, Kuwait and Saudi Arabia has risen to 286, 279 and 857 respectively

GCC Covid-19 update: Saudi reports 3,717 cases; 36 deaths; Kuwait registers 683 cases

The death toll in Saudi Arabia and Kuwait has risen to 819 and 275 respectively

Covid-19 impact on the GCC’s travel and tourism sector: When will it pick up again?

The travel and tourism industry has indisputably faced the biggest brunt of the Covid-19 pandemic. Are there answers on when things will improve?

Abu dhabi uae capital flag

UAE’s non-oil trade totals Dhs1.603 trillion in 2019

The UAE’s non-oil trade in 2019 grew 4.4 per cent from Dhs1.536 trillion in 2018

Saudi to use smart helmets to monitor people’s body temperatures

The helmets can detect body temperatures when a person is up to five metres away and they can examine up to 200 people per minute

UAE Coronavirus

GCC Covid-19 update: UAE reports 528 cases, 2 deaths; Kuwait registers 4 deaths

The death toll in the UAE and Kuwait has risen to 283 and 273 respectively

Saudi Arabia to end extra voluntary oil cuts after June

Brent crude, the international benchmark, fell 2.5 per cent to $41.23 a barrel at 4.29pm in London, erasing earlier gains

Aramco backs New York fintech firm offering Islamic investments

Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round

Saudi grocer prepares first Mideast IPO since virus

The company operates 73 stores across the BinDawood and Danube supermarket chains

coronavirus covid-19

GCC Covid-19 update: Saudi registers 3,369 cases, 34 deaths; Oman reports 6 deaths

The death toll in Saudi Arabia and Kuwait has risen to 746 and 269 respectively

Saudis make biggest oil price hike in 20 years after OPEC+ cuts

Brent crude, down 36 per cent this year, has clawed back some of its losses and ended trading on Friday at more than $40 a barrel

GCC Covid-19 update: UAE reports 540 cases; Saudi registers 3,045 infections, 36 deaths

The death toll in the UAE and Saudi Arabia has risen to 276 and 712 respectively

OPEC+ extends oil cuts in win for Saudi-Russian alliance

All the member nations signed off on a new deal for a production cut of 9.6 million barrels a day next month

Jeddah curfew Saudi Arabia - lme

Saudi reimposes curfew in Jeddah; curbs on private and public sector operations

The kingdom reported its single highest number of daily Covid-19 infections on Saturday, June 6

coronavirus

GCC Covid-19 update: UAE reports 659 cases; Saudi registers 1,975 infections, 32 deaths

The death toll in Saudi Arabia and the UAE has risen to 611 and 273 respectively

Worst may be over for biggest Arab economies as businesses adapt

Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates

Five steps for GCC countries to resume their economies post Covid-19

Regional governments must undertake key measures to ensure a renewed and sustained approach to economic recovery

Hajj to begin on July 7

Indonesia pulls out of Hajj this year on virus concerns

More than 220,000 people from the country were expected to participate in this year’s Hajj

Brent oil rises past $40 as OPEC+ cut extension looks likely

While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain

coronavirus

GCC Covid-19 update: UAE reports 596 cases, 3 deaths; Saudi registers 24 deaths

The death toll in the UAE and Saudi Arabia has risen to 269 and 549 respectively

UAE-HEALTH-VIRUS

GCC Covid-19 update: Saudi reports 1,881 cases, 22 deaths; Kuwait registers 8 fatalities

The death toll in Saudi Arabia and Kuwait has risen to 525 and 220 respectively

Women’s wealth in Middle East to rise 9% by 2023 – report

Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively

Saudi Arabia to inject $13.3bn into banking system

The programme is aimed at helping banks amend and restructure loans without additional fees and support private sector employment

Saudi reserves fall more slowly after transfer to sovereign fund

The government is looking to its largest-ever debt programme to keep the depletion of reserves limited to SAR120bn

OPEC+ set to discuss short extension of oil production cuts

Production cuts are meant to be eased to about 7.7 million barrels a day in July

UAE-DUBAI-HEALTH-VIRUS

GCC Covid-19 update: UAE reports 661 cases, 2 deaths; Saudi registers 23 fatalities

The death toll in the UAE and Saudi Arabia has risen to 264 and 503 respectively

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook

Saudi begins phase two of easing lockdown: Mosques reopen, fines revealed for violators

Domestic flights are also allowed to resume in the kingdom