#Saudi Arabia

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

GCC Covid-19 update: UAE reports 540 cases; Saudi registers 3,045 infections, 36 deaths

The death toll in the UAE and Saudi Arabia has risen to 276 and 712 respectively

OPEC+ extends oil cuts in win for Saudi-Russian alliance

All the member nations signed off on a new deal for a production cut of 9.6 million barrels a day next month

Jeddah curfew Saudi Arabia

Saudi reimposes curfew in Jeddah; curbs on private and public sector operations

The kingdom reported its single highest number of daily Covid-19 infections on Saturday, June 6

coronavirus

GCC Covid-19 update: UAE reports 659 cases; Saudi registers 1,975 infections, 32 deaths

The death toll in Saudi Arabia and the UAE has risen to 611 and 273 respectively

Worst may be over for biggest Arab economies as businesses adapt

Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates

Five steps for GCC countries to resume their economies post Covid-19

Regional governments must undertake key measures to ensure a renewed and sustained approach to economic recovery

Indonesia pulls out of Hajj this year on virus concerns

More than 220,000 people from the country were expected to participate in this year’s Hajj

Brent oil rises past $40 as OPEC+ cut extension looks likely

While crude has now doubled from its low in mid-April, the path back to pre-virus levels of oil demand still looks uncertain

coronavirus

GCC Covid-19 update: UAE reports 596 cases, 3 deaths; Saudi registers 24 deaths

The death toll in the UAE and Saudi Arabia has risen to 269 and 549 respectively

UAE-HEALTH-VIRUS

GCC Covid-19 update: Saudi reports 1,881 cases, 22 deaths; Kuwait registers 8 fatalities

The death toll in Saudi Arabia and Kuwait has risen to 525 and 220 respectively

Women’s wealth in Middle East to rise 9% by 2023 – report

Women’s wealth in the UAE and Saudi Arabia amounts to $103bn and $224bn respectively

Saudi Arabia to inject $13.3bn into banking system

The programme is aimed at helping banks amend and restructure loans without additional fees and support private sector employment

Saudi reserves fall more slowly after transfer to sovereign fund

The government is looking to its largest-ever debt programme to keep the depletion of reserves limited to SAR120bn

OPEC+ set to discuss short extension of oil production cuts

Production cuts are meant to be eased to about 7.7 million barrels a day in July

UAE-DUBAI-HEALTH-VIRUS

GCC Covid-19 update: UAE reports 661 cases, 2 deaths; Saudi registers 23 fatalities

The death toll in the UAE and Saudi Arabia has risen to 264 and 503 respectively

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook

Saudi begins phase two of easing lockdown: Mosques reopen, fines revealed for violators

Domestic flights are also allowed to resume in the kingdom

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