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Fitch lifts Saudi Arabia’s outlook to stable as oil gives boost

The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year

Saudi Arabia’s vaccination rate spikes as deadline approaches

From August 1, vaccination will be required to enter government or private entities, educational facilities, malls and any entertainment or sporting activity

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales

Saudi Aramco is said to pick JPMorgan, Goldman for gas pipeline deal

The state energy giant is preparing to gauge interest in the assets from potential investors

Oman’s Sultan Haitham arrives in Saudi in first foreign visit

The two countries are signing agreements in a slew of fields including commerce, culture, investment promotion and post and transport

Dubai’s Foundation Holdings boosts Saudi healthcare portfolio

The healthcare and education investment firm acquired 51 per cent of Shifa Al Munthaza Polyclinic

Oman’s ruler Sultan Haitham to visit Saudi in first official foreign trip

Sultan Haitham will meet with King Salman during his two-day visit on Sunday and Monday

Saudi confirms Eid Al Adha date

Sunday, July 11, is the first day of the month of Dhu Al Hijjah

Saudi sets upper limit for gasoline prices as oil prices climb

The decision was made to “decrease the burden of living costs on citizens and residents”

Saudi’s Tourism Development Fund deploys Oracle Cloud to automate processes

The implementation is designed to drive automation and integration of TDF’s core functions including banking, finance, HR and procurement

Saudi Aramco makes second highest profit on surging oil prices

Saudi Aramco to sell more assets in multi-billion dollar push

Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April

coronavirus saudi arabia

Saudis may work longer, pay more to fill pension fund gap

The average Saudi life expectancy is 75 years, and the official retirement age is about 60 for men and women

Saudi Arabia plans $147bn expansion for transport sector

Saudi officials want to turn the capital of Riyadh into a global business hub

UAE business conditions improve; employment rises

Employment rose for the first time since January and at the quickest pace in more than two years

Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

Saudi UAE Travel Ban

Saudi Arabia indefinitely suspends travel to UAE, Vietnam and Ethiopia

All passenger flights between the kingdom and these countries will be suspended starting 11pm on Sunday, July 4

Finance chief who steered Saudi Aramco through IPO to step down

The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh

Standard Chartered opens first branch in Saudi Arabia

The move widens the services Standard Chartered can offer in the country

Saudi Arabia’s jobless rate drops to lowest level since 2016

The jobless rate fell to 11.7 per cent, down from 12.6 per cent in the last three months of 2020

Saudi’s Tamer Group acquires majority stake in UAE’s Mumzworld

The transaction will give Mumzworld access to a pool of capital to foster its growth

How are SMEs driving economic growth in Saudi Arabia?

At the forefront of Vision 2030, SMEs are diversifying the economy as the kingdom competes in a global arena

Saudi workers

Saudi resumes crackdown on illegal workers, residents

Nearly 5.7 million have been arrested in the campaign, which began in November 2017

Saudi wealth fund weighs new airport in Riyadh for tourism drive

The crown prince’s economic transformation plan has identified Islamic pilgrimage as a key source of non-oil revenue

Saudi developer awards facilities management contract for its coastal village

The Coastal Village area includes management offices, villas, townhouses and apartments, and a 144-room hotel

Saudi Arabia Airport

Saudi links boarding passes with health app for all domestic passengers

The application will show the passenger’s status as being immune/immune by first dose/immune by recovery/no record of infection

New giant Saudi pension fund aims to crack world’s top 10 ranks

Saudi Arabia has been taking steps to merge and restructure various entities as it looks to boost efficiency

Aramco closes $12bn pipeline deal with China, UAE backing

The subsidiary will have rights to 25 years of tariff payments for oil transported through Aramco’s crude pipeline network

Saudi destroys 17 armed drones launched by Houthis

The Houthis have been frequently targeting the kingdom with explosive-laden drones in recent weeks

Saudi Arabia to form entity with $29bn in equity holdings

The funds hold significant stakes in Saudi Arabian firms