Home next GCC next Saudi Arabia

Saudi Arabia

Saudi says children under 12 exempt from vaccination requirement for outdoor events

Children will need to be accompanied by fully vaccinated adults and must not show any influenza-like symptoms

Saudi Arabia Riyadh

Saudi Arabia issues highest-ever number of foreign investor licences in a single quarter

It issued 478 licenses in Q1 2021, a 36 per cent increase over the corresponding period last year

Saudi Arabia’s budget deficit narrows in second quarter on oil, taxes

Spending on health and social development rose 20 per cent

Riyadh tops Saudi Arabia’s residential market boom

Apartment values in Riyadh grew 7.6 per cent year on year in the second quarter

Saudi Aramco

Saudi Aramco reports $25.5bn net income in Q2 2021

Aramco’s gearing fell to 19.4 per cent from 23 per cent at the end of 2020

Dumat Al Jandal wind farm

Trials successful on Saudi Arabia’s first wind farm; connected to electricity grid

UAE’s Masdar has partnered on the construction of the 400MW Dumat Al Jandal facility

Umrah Saudi Arabia Grand Mosque

Saudi Arabia increases cap on number of Umrah pilgrims to 2 million per month

Foreign pilgrims who are fully vaccinated will be permitted to perform Umrah starting from August 9

Islamic Development Bank, Bloomberg LP launch financial education programme across 9 countries

Participating universities will be announced over the coming months

Saudi’s Sabic sees profit surge amid global chemical boom

Revenue climbed 72 per cent year-on-year to $11.3bn

Saudi wealth fund is said to hire ex-HSBC executive as director

Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn

Buy-now-pay-later provider tabby secures $50m in Series B round

The funding will be used to expand tabby’s product portfolio and launch in new markets

Saudi Arabia airport

Saudi Arabia: Vaccinated tourists can now enter without having to quarantine

Saudi recognises the Pfizer-BioNTech, AstraZeneca, Moderna and Johnson & Johnson vaccines

DGA

Saudi Arabia’s DGA approves the regulatory framework of digital government

The regulatory framework will serve as the foundation for future digital government regulation

Saudi Arabia levies Covid-19 vaccine mandate

The kingdom reported 1,146 new Covid-19 cases on July 31

Saudi Arabia’s net foreign assets rose in June

The price of Brent crude averaged over $73 a barrel in June

Saudi ARabia Travel Ban

Covid-19: Three-year travel ban for Saudis who visit “red list” countries

The Ministry of Interior added that those who do not abide by these travel rules risk facing legal action and heavy penalties upon their return

Saudi Arabia halts $2bn sale of water plant stake

The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7bn to build

Saudi to resume Umrah for foreign pilgrims from August 10

The kingdom reopened the Grand Mosque in Makkah to domestic Umrah pilgrims on Sunday, July 25

GCC’s energy space: What does the future hold?

Stakeholders across local and regional countries are keen to pursue sustainable fuels

Saudi Arabia

Saudi bans citizens from travelling to Indonesia over Covid-19 concerns

It urged its citizens in Indonesia to exercise caution and to return to the kingdom at the earliest

Saudi Aramco

Saudi Aramco confirms data leak after reported cyber ransom

The state-owned driller was reportedly offered the chance to have the data deleted for $50m in cryptocurrency

Saudi Aramco

Saudis’ Motiva eyes revival of multibillion-dollar plastics plan

The value of the original project was estimated at $6.6 billion in 2018

Saudi arabia riyadh

Saudi Arabia to extend visa validity of expats stranded abroad until August 31

It will be extended automatically and at no additional cost to the visa holders

Heatwaves ease for second pandemic-era Hajj pilgrimage

Saudi Arabia is only allowing access to the holy sites for 60,000 nationals and residents who have been vaccinated and don’t suffer chronic diseases

Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed makes official Saudi visit

He met with Saudi Crown Prince Mohammed bin Salman on Monday

Covid-19: Saudi citizens will need to be fully vaccinated to travel outside the country from Aug 9

The only exemptions include children aged under 12 and those who have recovered from Covid-19 less than six months prior to the date of travel

McLaren gets $760m from investors including Saudi wealth fund PIF

McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic

OPEC+ resolves deadlock, agrees on deal to boost oil output from August

The agreement means the cartel will boost output by 400,000 barrels a day each month from August

In pics: Pilgrims arrive in Makkah for Hajj amidst strict Covid-19 guidelines

The pilgrimage will be restricted to 60,000 Saudi residents and citizens this year

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market