Around SAR30bn ($7.99bn) is expected to be made available to banks and finance companies in return for deferring small- and medium-size businesses’ loans
Brent crude averaged $64.12 a barrel in 2019 compared with $71.67 the previous year
The WHO declared the new strain of the coronavirus as a pandemic on Wednesday
During the two weeks a few flights would be operated as “exceptional cases”
What do startups look for to start off on the right foot in the region
It has given a 72-hour period for its citizens and residents from the countries on the list to return to the kingdom
The world’s biggest oil exporter will raise capacity to 13 million barrels a day from 12 million
The coronavirus continues its spread across the world having infected over 117,000 people
It puts Aramco supply above its maximum sustainable capacity, indicating that the kingdom is even tapping its strategic inventories
Saudi also extended travel bans to 14 countries, including UAE, Oman and European nations
Only Saudi nationals will be allowed to travel on the special flights from Dubai to Riyadh, Jeddah and Dammam
The Ministry of Health reported five new cases of the Covid-19 coronavirus on Monday, taking the total number of infections in the kingdom to 20
The recent travel ban covers Oman, Germany, France, Turkey and Spain
The Covid-19 has infected over 113,000 people residing in more than 100 countries
The kingdom temporarily suspended flights to and from nine countries, including the UAE, on Monday
Of this amount, Dhs14.3bn was traded by foreigners
The kingdom will suspend all air travel between itself and the nine countries
The education ministry said the “preventive and precautionary” measures were recommended by the health authorities to protect students and staff
There will be a 50:50 ratio maintained in the number of males to females accepted into the programme
The kingdom has announced plans to establish AlUla as the world’s largest living museum
Brent crude, the global oil benchmark, closed down 9.4 per cent on Friday, its biggest daily drop since the global financial crisis in 2008, settling at $45.27 a barrel
Entry through land ports between the kingdom and the three GCC countries will be restricted to commercial trucks only
The value of outstanding mortgages has jumped to 482bn riyals – a 66 per cent increase since 2017 – with an official target of 500bn by end-2020
The kingdom reported its first case of the coronavirus earlier this week
Chief strategy officer Dennis Johnson and head of risk, Martin Botha, have exited the company
Central banks in the GCC matched the Fed’s half-percentage point cut
He becomes the first Indian to receive the kingdom’s coveted residency permit
A Saudi citizen, who came from Iran via Bahrain, tested positive for the virus
The refunds can be collected via the local Umrah agents in their respective countries
Saudi Aramco seeks to acquire a 70 per cent stake in SABIC for $69.1bn