#Saudi Arabia

coronavirus

GCC Covid-19 update: UAE reports 392 cases, 1 death; Saudi registers 3,379 infections, 37 fatalities

The death toll in the UAE and Saudi Arabia has risen to 302 and 1,267 respectively

Maaden phosphate unit signs $4.1bn finance deal

Maaden Waad Al Shamal Phosphate Co. will refinance $2.3bn owed to a syndicate of commercial banks and financial institutions

GCC retail sector will see 15.7% YoY growth, according to Alpen Capital

Covid-19 impact: How should retail respond to the fourth industrial revolution?

As a new wave of technology signals further changes to our lives and the regional ecosystem, how should sectors such as retail adapt?

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

saudi arabia riyadh

Saudi Arabia lifts national curfew, resumes commercial activities

International travel as well as entry to the kingdom via land and sea will remain suspended

Mosques in Makkah to reopen on Sunday

Several precautionary measures have to be followed at the mosques

Amazon Saudi Arabia

Amazon Saudi Arabia officially launched to replace Souq.com

The Amazon Prime service is not yet available in the kingdom

OPEC says virus to keep fuel demand under pressure this year

The slow resumption of flights will constrain jet-fuel consumption, and high unemployment will restrict gasoline use

sabic

Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

coronavirus

GCC Covid-19 update: Saudi registers 4,919 cases, 39 deaths; Oman reports 810 infections

The death toll in Saudi Arabia stands at 1,091

Bahrain’s King Fahd Causeway set to open new gates on the Saudi side

The bridge’s passenger capacity will increase by 45 per cent when it reopens to passenger traffic

Saudi’s Millenium Arabia launch first Arabic esports series on Twitter

The series will be streamed every Thursday at 9.30pm UAE time starting June 18

Saudi oil exports to US plunge to lowest level in 35 years

The kingdom has exported just one cargo to the US so far in June, equivalent to about 133,000 barrels a day

saudi arabia covid-19

Saudi Arabia rolls out $1bn industrial support package

Gross domestic product is expected to shrink the most in two decades this year

saudi arabia riyadh

Saudis cut July oil supply to some Asian buyers by up to 40%

The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia

coronavirus

GCC Covid-19 update: Saudi reports 4,507 cases, 39 deaths; Oman registers 1,043 infections

The death toll in Saudi Arabia has crossed 1,000

coronavirus

GCC Covid-19: Saudi reports 4,233 infections, 40 deaths; UAE registers 304 cases

The death toll in Saudi Arabia and Kuwait has risen to 972 and 296 respectively

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