The death toll in Saudi Arabia and the UAE has risen to 339 and 233 respectively
Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts
The death toll in the UAE stands at 227 while 26 people in Oman have succumbed to the virus
The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries
The businessman, who had an estimated net worth of $2.6bn, was the founder and chairman of conglomerate Dallah Albaraka
Eid Al Fitr is expected to fall on May 23 or 24, subject to sighting of the moon
Saudi Arabia has registered a total of 57,345 cases since the outbreak
The Jeddah-based construction conglomerate has reportedly put thousands of employees on indefinite, unpaid leave
The death toll in the UAE and Saudi Arabia has risen to 220 and 312 respectively
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
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April
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
The death toll in the UAE and Saudi Arabia has risen to 208 and 283 respectively
Following the Covid-19 outbreak, the kingdom introduced two initiatives worth $665m to support farmers and facilitate food imports
The death toll in Saudi Arabia has risen to 273
According to IATA estimates, revenues generated by airlines in the Saudi market will fall by $7.2bn in 2020
Until May 22, residents can continue to move freely between 9am-5pm in the regions where the curfew has been eased
Since the outbreak, the UAE has recorded a total of 19,661 cases
Saudi Arabia aims to pump just under 7.5 million barrels a day in June, compared with an official target of about 8.5 million a day
The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1
The death toll in Saudi Arabia and the UAE has risen to 255 and 201 respectively
The UAE government levied a 5 per cent VAT on goods and services in January 2018
The steps taken to shore up revenue and rationalise spending are valued at about SAR100bn in total
The death toll in the UAE has risen to 198
The quake, measuring 3.45 on the Richter scale, was recorded in the Asir region, 16km to the east of Khamis Mushayt
Facebook last month agreed to pay $5.7bn for a 10 per cent stake in the digital unit
Prices for benchmark Brent crude have slumped 52 per cent this year, falling far below levels that most governments in the region need to balance their budgets
US crude stockpiles rose for a 15th week, although at a slower pace, while supplies at the Cushing storage hub expanded
The death toll in the UAE and Saudi Arabia has risen to 165 and 219 respectively
Anyone who deliberately spreads the virus will be fined SAR500,000 and/or five years in prison