#Saudi Arabia

Saudi banks act in unison to reassure investors on oil and virus

Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”

Dettol pledges $1m to support frontliners in Saudi Arabia

Dettol’s commitment will come in the form of half a million hygiene and cleaning products that will be used to support frontline health workers throughout the country

Saudi mall operator Arabian Centres to reopen 20 shopping centres this week

The kingdom has allowed malls in most regions to reopen during Ramadan

Lucid Motors

Electric car manufacturer Lucid Motors enters UAE and Saudi Arabia

The Saudi PIF-backed company is expected to begin deliveries of its Lucid Air model next year to customers in the Middle East

coronavirus

GCC Covid-19 update: Saudi reports 1,289 cases

Saudi Arabia has reported a total of 18,811 Covid-19 infections since the outbreak

Google reveals how Covid-19 has impacted mobility in the GCC

The average mobility reduction for the GCC region during Q1 2020 was 34.1 per cent

Saudi Arabia changes law for juvenile offenders in the kingdom

Minors will no longer face the death penalty

Saudi signs $265m deal with China to fight virus

The deal will provide the Saudis nine million kits with a capacity to test 50,000 people per day

saudi arabia coronavirus

GCC Covid-19 update: Saudi reports 1,223 cases; UAE’s case count crosses 10,300

Since the outbreak, Saudi Arabia and the UAE have reported 17,522 and 10,349 cases respectively

saudi arabia riyadh

Saudi Arabia eases curfew and business restrictions across the country, except in Makkah

On April 25, Saudi reported 1,197 new Covid-19 cases with the highest number of new cases detected in Makkah

coronavirus saudi arabia

Saudi reports 1,158 Covid-19 cases, 7 deaths

Since the outbreak, Saudi Arabia has reported a total of 13,930 Covid-19 infections

World Bank sees record 20% slump in remittances due to virus

The US has long been the top source for outflows, with other major countries including the United Arab Emirates, Saudi Arabia, Switzerland, Germany and Russia

Saudi Arabia could borrow record $58bn as oil slump bites

The government is looking at additional spending cuts and may issue as much as an additional SAR100bn of debt on top of SAR120bn riyals already announced

Saudi approves Taraweeh prayer in two Holy Mosques

The Taraweeh prayer will be conducted by the Sheikhs and staff of the two Mosques

UAE Coronavirus

GCC Covid-19 update: 1,141 new cases in Saudi; UAE records 483 new infections

The total number of Covid-19 infections in the UAE and Saudi Arabia have spiked to 8,238 and 12,772 respectively

Saudi announces revised curfew hours during Ramadan

Saudi Arabia imposed an evening curfew across the kingdom in March to curb the spread of Covid-19

Saudi Arabia’s ACWA Power plans to raise up to $1bn

The company is in talks with local banks about the potential deal that would be denominated in Saudi riyals

coronavirus covid-19

GCC Covid-19 update: UAE reports 490 new cases, 3 deaths; Saudi registers 1,147 cases

Since the outbreak, the UAE and Saudi Arabia have recorded 7,755 and 11,631 Covid-19 infections respectively

coronavirus

Saudi reports 435 new Covid-19 cases, 8 additional deaths; Bahrain registers 7th fatality

The total number of those infected in Saudi Arabia tallies 5,369

Saudi Ports Authority, Saudi Global Ports sign mega BOT agreement

The agreement will create more than 4,000 job opportunities in the port and logistics sector

Saudi reports 472 new Covid-19 cases, 6 additional deaths

The total number of cases within the kingdom now stands at 4,934, which include 805 recoveries

Oil price war ends with historic OPEC+ deal to cut output

The accord caps a tumultuous month when Brent crude plunged to its lowest in nearly two decades, falling toward $20 a barrel

saudi arabia covid-19

Saudi Arabia reports 429 new Covid-19 cases, 7 deaths

The total number of cases within the kingdom stands at 4,462

Saudi’s Maaden to focus on preserving cash instead of shareholder payout

The company has no plans to cut capital expenditure in response to the coronavirus infection

coronavirus saudi arabia

Saudi King extends curfew until further notice

The extension comes as the kingdom reported 382 new coronavirus cases as well as five deaths on Saturday

coronavirus saudi arabia

Saudi Arabia reports 355 new Covid-19 cases, 3 deaths

A total of 44 people have succumbed to the infection in the kingdom

Saudi wealth fund builds $200m stake in Norway’s state oil company

The fund last month built an 8.2 per cent stake in cruise operator Carnival Corp. after shares slumped due to the fallout of the coronavirus pandemic

Saudi extends exit, re-entry visas of expatriates

The extension will be done automatically without the need to visit the passport headquarters

SAUDI-CONFLICT-YEMEN-COALITION

Saudi-led Arab coalition announces two-week ceasefire in Yemen

The two-week period is subject to extension

coronavirus uae

UAE confirms 300 new Covid-19 cases; Saudi reports 137 additional cases

The ministry also announced 53 additional recoveries on Wednesday