Oman oil-drilling IPO draws Saudi wealth fund as anchor investor

Anchor investors will subscribe for 40 per cent of the shares at the maximum price


Saudi’s NEOM selects Oracle Cloud to accelerate IT workloads

NEOM will be able to increase agility across business processes and accelerate innovation by accessing new cloud services on-premises

Al Othaim family

Saudi Al Othaim family scraps IPO of malls

Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange

Abha International Airport Saudi Arabia

Saudi forces destroy drone targeting Abha airport

The scattered debris caused minor injuries to 12 civilians

Top Bahrain telecom firm is said to weigh Saudi dual listing

Batelco has hired the investment arm of Samba Financial Group as an adviser on the deal

Saudi Binladin considers joint ventures and asset sales amid revamp

The company has put thousands of employees on indefinite leave in recent months

UAE, Saudi announce first day of Eid Al Fitr

The Shawwal crescent was not sighted on Friday evening

Saudi wealth fund seeking ‘any opportunity’ amid virus

The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital

Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp

The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations

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


Saudi says two Holy Mosques will remain closed to worshippers during Ramadan

The kingdom has reported more than 10,000 cases of Covid-19

Real estate in Saudi will temporarily slow before growth in the long-term – Savills

Government stimulus packages and previous experience with coronavirus will allow for quick and effective measures to combat slump, says real estate consultancy

Saudia operates 40-hour flight to and from Los Angeles to repatriate 187 Saudi citizens

The kingdom has been bringing back stranded Saudi citizens from around the world

Saudi set to sell 600,000 barrels a day of oil to US in April

The figure marks the highest volume in a year

Saudi reveals new measures to support the private sector due to Covid-19 impact

The kingdom has allocated an amount of SAR50bn to expedite the payment of dues to the private sector

Saudi Arabia bans travel, flights to EU, India, Philippines, among other countries

It has given a 72-hour period for its citizens and residents from the countries on the list to return to the kingdom

Emirates says travellers from over 20 countries will not be allowed to fly to Saudi

All those with Umrah visas will also not be permitted to travel to the kingdom

Saudi to ban recruitment of expats in several hospitality jobs

The kingdom has implemented a strict Saudisation policy in several sectors

Saudi officially launches ‘green card’ residency scheme for expats

The Saudi cabinet approved the scheme last month, but the online portal to apply was only opened to the public on Sunday

Saudi’s new permanent residency permit fee to exceed $200,000 – report

Last week, the Saudi cabinet approved the special residency scheme aimed at attracting wealthy and high-skilled expats

Saudi cabinet approves ‘green-card’-style residency scheme for foreign expats

The new scheme was approved by the Shoura Council earlier this month

Video: Swarms of locusts invade Saudi city

Saudi has seen locust outbreaks since the start of this year

Several shops shut down in Saudisation drive after illegal expat practices exposed

Saudisation is now mandatory in several retail sectors in the kingdom

Saudi clarifies holiday entitlement for private sector employees

Private sector employees in the kingdom receive four days off for each of the Eid holidays and leave for paternity

Revealed: Top 100 most powerful Arabs 2019

In this year’s collection of powerful and influential individuals we have a heady mix of consolidation and breakthrough

Saudi landlords go to court after several expats ‘shut shop’ and leave

The shops were leased by Saudi nationals and illegally run by expatriates on a profit sharing basis, according to reports

Makkah clears up swarms of black crickets at the Grand Mosque, across the city

The insects were seen covering the walls and floor of the mosque

Saudi king extends National Day holiday

The kingdom’s labour force will now receive a two-day break

Saudi’s Al Haramain train ticket prices officially revealed

The prices for the rail line vary depending on the class and the destination

Saudi introduces tough new punishments for traffic violations

The kingdom is aiming to reduce the number of deaths linked to traffic accidents