According to IATA estimates, revenues generated by airlines in the Saudi market will fall by $7.2bn in 2020
Brent crude is currently trading at around $30 a barrel, about half the level it was when Saudi Arabia announced its budget in December
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
Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF
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
The death toll in the UAE and Saudi Arabia has risen to 165 and 219 respectively
Since the outbreak, Saudi Arabia has reported the highest number of cases in the GCC with 31,938 infections
Anyone who deliberately spreads the virus will be fined SAR500,000 and/or five years in prison
The measures include restructuring loans and postponing the payment of government fees
The death toll in Saudi Arabia reaches 200
A Live Chat facility will also allow customers to access an online personal chat with a dealership’s sales representative
The decision also allows companies to terminate employee contracts after six months of the coronavirus pandemic period
Since the outbreak, Saudi Arabia has reported a total of 28,656 Covid-19 cases
The company’s first-quarter sales dropped 18 per cent to SAR30.83bn
The Covid-19-induced death toll in the UAE and Saudi Arabia has risen to 126 and 184 respectively
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
The funds will be used to support 6,000 businesses in their financing needs
He added that state oil revenue has decreased by more than half, and non-oil revenue will decrease as well
The death toll in the UAE and Saudi Arabia has risen to 105 and 162 respectively
The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards
The funds follow Prince Alwaleed’s move to make available many of his assets to support the kingdom’s efforts against the pandemic
Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
Dettol’s commitment will come in the form of half a million hygiene and cleaning products that will be used to support frontline health workers throughout the country