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Saudi Arabia and Greece sign MoU

Saudi Arabia and Greece sign agreements on energy, security, telecom, digital economy

Saudi Arabia’s Crown Prince Mohammed bin Salman is on a two-day official visit to Greece

Saudi Arabia’s Crown Prince announces design for ‘The Line’ in Neom

Saudi Arabia’s Crown Prince announces design of ‘The Line’ in NEOM

The design showcases how urban communities in the future will run on 100 per cent renewable energy, free from roads, cars and emissions

BinDawood acquisition

BinDawood Holding to acquire stake in French influencer marketing agency

Ykone is an influencer marketing agency focused on travel, beauty, fashion and luxury brands

Twitter Saudi Arabia

Twitter unveils key trends shaping the Saudi conversation in 2022

The report highlights emerging opportunities for brands and marketers to connect with audiences

Saudi Investment

Venture capital investments in Saudi Arabia record SAR2.19bn

According to the ‘H1 2022 Saudi Arabia Venture Capital Report,’ this figure surpassed the total amount deployed in 2021

Oil August 1

Saudi crude exports set to rise in July on stronger China flows

Shipments for June were the lowest since September

Saudi Arabia airspace

Saudi Arabia opens airspace to all carriers

The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests

Hajj to begin on July 7

Hajj begins on July 7, Saudi Arabia announces full ICT readiness

Eid Al Adha will fall on July 9

Saudi Arabia raises oil prices for Asia with demand holding up

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Neom

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

Oil

Oil holds above $110 as tight supply balanced by recession risk

Oil has started the third quarter in strong form after dropping in June

flynas

Saudi’s flynas to launch direct flights between AlUla and Cairo

Flynas will connect the cities with two weekly flights, starting October 6

Saudi Arabia

Saudi Arabia elevates two women to senior roles in government

Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet

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

unemployment

Saudi unemployment falls to lowest since 2008 as economy booms

Citizen unemployment peaked at over 15 per cent at the height of the pandemic in mid-2020 and has since fallen almost every quarter

Oil

Oil set for first monthly decline this year before OPEC+ meeting

Oil is still up around 45 per cent this year as the global economic recovery coincided with upended trade flows

King Saud University IBM

IBM, Saudi’s King Saud University partner to advance skills development

IBM will work with KSU to support AI education and awareness while maximising partnerships with academia, the public, and private sector

Saudi Exchange announces intent to launch single stock futures contracts in July

The new contracts mark the second derivatives product to be introduced in the exchange

Saudi crown prince regional tour

In pics: Saudi Crown Prince Mohammed bin Salman’s regional tour

The Crown Prince left Turkey on Wednesday, June 22, bringing an end to his regional tour that also took him to Egypt and Jordan

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Saudi Crown Prince and King of Jordan

Saudi investments in Jordan amount to $14bn: Saudi Chambers of Commerce and Industry

The figures were cited in an economic report issued by the Saudi Chambers of Commerce and Industry during Saudi Crown Prince Mohammed bin Salman’s visit to Jordan

Emirates statement on operations at London Heathrow

Dubai’s Emirates to operate additional flights for Hajj season

The airline will be deploying 31 additional flights to Jeddah and double daily flights to Medina from June 23 until July 20

Carlyle seeks $325m from Gulf Domino’s Pizza operator IPO

Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors

Amazon startups

Amazon backs Saudi entrepreneurs to establish logistics startups

The programme aims to establish more than 30 new startups and create hundreds of job opportunities during the first three years

US President

US President to visit Saudi Arabia in July

Joe Biden will visit the country on July 15-16

Saudi Arabia

Saudi Arabia lifts Covid-19 precautionary measures

The kingdom registered 905 new Covid-19 infections on June 12

Saudi Telecom

Saudi Telecom to raise capital by $8bn in bonus shares

The company plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings

HSBC boosts Saudi investment banking team amid flurry of deals

International banks including Citigroup and Bank of America have been expanding in the kingdom

sheila alrowaily Aramco

Aramco executive becomes first woman on Saudi Central Bank board

Sheila Alrowaily is among a growing number of women taking on leadership roles in finance across the Gulf region

Jordan

Saudi wealth fund’s $3bn Jordan unit aims to ramp up deals

The investment is expected to create more than 5,000 jobs and will be the first of several deals announced by the fund over the next year