All the member nations signed off on a new deal for a production cut of 9.6 million barrels a day next month
The kingdom reported its single highest number of daily Covid-19 infections on Saturday, June 6
The death toll in Saudi Arabia and the UAE has risen to 611 and 273 respectively
Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates
Regional governments must undertake key measures to ensure a renewed and sustained approach to economic recovery
More than 220,000 people from the country were expected to participate in this year’s Hajj
While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain
The death toll in the UAE and Saudi Arabia has risen to 269 and 549 respectively
The death toll in Saudi Arabia and Kuwait has risen to 525 and 220 respectively
Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively
The programme is aimed at helping banks amend and restructure loans without additional fees and support private sector employment
The government is looking to its largest-ever debt programme to keep the depletion of reserves limited to SAR120bn
Production cuts are meant to be eased to about 7.7 million barrels a day in July
The death toll in the UAE and Saudi Arabia has risen to 264 and 503 respectively
The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook
Domestic flights are also allowed to resume in the kingdom
A consensus seems to be developing that tax regimes need to adopt a global approach to confront challenges posed by technological advances
The death toll in the UAE and Kuwait has risen to 258 and 185 respectively
The ongoing esports fundraiser has already donated $6.5m to various global charities fighting the Covid-19 pandemic
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
The death toll in Saudi Arabia and Kuwait has risen to 425 and 175 respectively
The kingdom suspended all international flights in March
Shrapnel from the missile attack wounded the three women and damaged one house
All local destinations will be covered by these flights within two weeks
Children under the age of 15 are not allowed to attend prayers at the mosques
The curfew will begin to be eased across the kingdom, except Makkah, from May 28
An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31
Employment across the GCC could fall by around 13 per cent due to the impact of the coronavirus
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
The death toll in the UAE and Kuwait has risen to 351 and 129 respectively