#Saudi Arabia

Revamping tax regimes in the digital economy

A consensus seems to be developing that tax regimes need to adopt a global approach to confront challenges posed by technological advances

coronavirus Covid-19 UAE

GCC Covid-19 update: UAE reports 563 cases; Saudi registers 1,644 cases, 16 deaths

The death toll in the UAE and Kuwait has risen to 258 and 185 respectively

Gamers Without Borders Saudi Arabia

Saudi’s Gamers Without Borders championship becomes world’s largest charity esports event

The ongoing esports fundraiser has already donated $6.5m to various global charities fighting the Covid-19 pandemic

Saudi Arabia among first destinations to adopt global safety stamp protocol

Eligible businesses such as hotels, restaurants, airlines, cruise lines, tour operators, restaurants, outdoor shopping, transportation and airports, will be able to use the stamp once the health and hygiene protocols have been implemented

SAUDI-HEALTH-VIRUS

GCC Covid-19 update: Saudi registers 1,815 cases, 14 deaths; Kuwait reports 692 infections

The death toll in Saudi Arabia and Kuwait has risen to 425 and 175 respectively

Saudi extends tourist visas for three months free of charge

The kingdom suspended all international flights in March

Three women in Saudi’s Jazan injured in missile attack

Shrapnel from the missile attack wounded the three women and damaged one house

Domestic flights to resume in Saudi Arabia from May 31

All local destinations will be covered by these flights within two weeks

saudi arabia riyadh

Saudi Arabia issues guidelines for reopening mosques

Children under the age of 15 are not allowed to attend prayers at the mosques

saudi arabia riyadh

Saudi Arabia unveils phased plan to reopen mosques, offices and malls

The curfew will begin to be eased across the kingdom, except Makkah, from May 28

Saudi suspends two mortgage-support programmes amid crisis

An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31

KUWAIT-EGYPT-HEALTH-VIRUS

Expat population in some GCC states may drop by up to 10% – report

Employment across the GCC could fall by around 13 per cent due to the impact of the coronavirus

How Covid-19 has revamped the online grocery shopping space

The stay-at-home protocol activated across countries to combat the spread of the virus has proven to be a game changer for the online shopping sector

GCC Covid-19 update: Saudi reports 2,532 cases, 12 fatalities; Kuwait registers 1,041 infections

The death toll in the UAE and Kuwait has risen to 351 and 129 respectively

coronavirus

GCC Covid-19 update: Saudi reports 2,691 cases; UAE announces 941 infections

The death toll in Saudi Arabia and the UAE has risen to 339 and 233 respectively

Saudi Aramco is first oil major to regain pre-price-war share price

Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts

UAE Covid-19

GCC Covid-19 update: UAE reports 873 cases; Saudi confirms 2,509 infections

The death toll in the UAE stands at 227 while 26 people in Oman have succumbed to the virus

Abu Dhabi City United Arab Emirates

Abu Dhabi offers more bonds to stockpile cash

The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries

Saudi billionaire businessman Saleh Kamel dies

The businessman, who had an estimated net worth of $2.6bn, was the founder and chairman of conglomerate Dallah Albaraka

SAUDI-HEALTH-VIRUS

Saudi Arabia urges people to offer Eid prayer at home

Eid Al Fitr is expected to fall on May 23 or 24, subject to sighting of the moon

GCC Covid-19 update: Saudi reports 2,593 cases; Kuwait announces 6 deaths

Saudi Arabia has registered a total of 57,345 cases since the outbreak

Saudi Binladin slashes jobs and pay to cut costs in half

The Jeddah-based construction conglomerate has reportedly put thousands of employees on indefinite, unpaid leave

coronavirus covid-19

GCC Covid-19 update: UAE reports 731 cases, Saudi registers 2,736 infections

The death toll in the UAE and Saudi Arabia has risen to 220 and 312 respectively

Saudi wealth fund said to be seeking $10bn margin loan

PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic

Saudi wealth fund PIF buys Boeing, Citi, Facebook, Disney stakes

The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April

What role do GCC banks play in the current economic crisis?

Although the Covid-19 situation is straining financial institutions, banks have a major role to play in keeping economies buoyant during the current crisis and beyond

coronavirus

GCC Covid-19 update: UAE reports 698 cases, Saudi registers 2,039 infections

The death toll in the UAE and Saudi Arabia has risen to 208 and 283 respectively

Saudi Arabia boosts food spending at home and abroad to secure supply

Following the Covid-19 outbreak, the kingdom introduced two initiatives worth $665m to support farmers and facilitate food imports

GCC Covid-19 update: Saudi registers 1,905 cases; Kuwait records 7 deaths

The death toll in Saudi Arabia has risen to 273

Airline

IATA calls on Saudi Arabia for support amid mounting virus concerns

According to IATA estimates, revenues generated by airlines in the Saudi market will fall by $7.2bn in 2020