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Saudi Arabia’s Fannie Mae buys up $800m of mortgages

The refinancing company was established to buy home loans from banks and other finance companies, freeing up the lenders to book more mortgages

Saudi Arabia’s King Salman bin Abdulaziz Al Saud

Saudi Arabia’s King Salman admitted to hospital

He will undergo medical tests due to cholecystitis – an inflammation of the gallbladder

GCC Covid-19 update: UAE reports 211 cases; 1,157 infections registered in Oman

The UAE has registered a total of 339 Covid-19-related deaths

Saudi mountains, Crimean beaches beckon for staycations in Covid-times

As the Covid-19 pandemic dented international travel and tourism, companies look to capture domestic spending that normally goes abroad

Half of SMBs in the UAE, 35% in Saudi reduced their workforce due to virus: study

Small businesses turn to digital channels to survive the pandemic

GCC Covid-19 update: Oman reports 1,679 cases; 2,671 infections in Saudi

The number of Covid-19 cases in Saudi Arabia has crossed 240,000

Saudi stock market sees IPO activity returning after virus slump

The stock exchange is planning to complete its own share sale within the next 24 months

Saudis meet some oil buyers’ requests ahead of OPEC+ panel

Producers as well as their allies have slashed exports as OPEC+ embarked on its biggest-ever joint oil production cuts amid reduced demand

Lego opens first retail store in Saudi Arabia

The store will have interactive stations for children and their families to play and engage

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Saudi to allow Eid Al Adha prayers at mosques, warns of fines for entering holy sites without permit

A fine of SAR10,000 shall be imposed on violators, and doubled if repeated

Turki Al Malki, Saudi coalition

Saudi forces destroy two missiles, six ‘bomb-laden’ drones launched from Yemen

The attacks were launched by the Houthis in Yemen “to deliberately target civilians in the kingdom”

GCC Covid-19 update: 2,779 infections reported in Saudi; Oman registers 1,318 cases

The death toll in Saudi Arabia has risen to 2,223

OPEC readies next move in bid to avoid oil-market taper tantrum

While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile

GCC Covid-19 update: UAE reports 532 cases; Oman registers 1,518 infections

The death toll in the UAE and Kuwait has risen to 328 and 382 respectively

GCC Covid-19 update: UAE reports 445 cases; Oman registers 1,210 infections

The death toll in the UAE has risen to 327

Air Products plans $5bn green fuel plant in Saudi Arabia

The project will be located at Neom on the Red Sea coast in northwestern Saudi Arabia

GCC Covid-19 update: UAE reports 532 cases; 1,262 infections recorded in Oman

The death toll in the UAE has risen to 326

Saudi central banker says ‘too early’ to call recovery V-shaped

The International Monetary Fund is predicting a 6.8 per cent contraction for Saudi Arabia this year

camel hospital 1

Saudi opens world’s biggest camel hospital

The Salam Veterinary hospital also has a research facility to diagnose diseases related to camels

Shuaa sees opportunities in Saudi Arabia’s property market

Saudi Arabia’s economy is being battered by a slump in crude prices and from lockdown measures to prevent the spread of Covid-19

Saudi Arabia

Saudi Arabia extends validity of residency permits, entry and exit visas for expats

Most of the visas have been extended for three months without holders having to pay any extra fee

GCC Covid-19 update: 683 infections in UAE, Saudi registers 3,580 cases

The death toll in the UAE and Saudi Arabia has risen to 323 and 1,916 respectively

Saudi Arabia extends some stimulus measures for business

The economy of the world’s biggest crude exporter is expected to contract 6.8 per cent overall this year

Saudi Arabia’s fiscal crisis won’t slow $20bn project

The Diriyah Gate project plans to turn the ancestral home of the royal family into a sprawling tourism, culture and entertainment destination

UAE-Saudi Arabia-Covid-19

UAE reports 400 Covid-19 cases, 1 death; Saudi records 3,383 infections, 54 fatalities

The total number of infections in UAE and Saudi Arabia stands at 49,469 and 197,608 respectively

OPEC cuts output to lowest since 1991 as virus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month

Saudi Arabia to Bahrain causeway to reopen late July – report

The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia

Saudi clothing retailer Alhokair cuts staff pay

The retailer reported a full-year loss of $182m after a profit year ago

New mega urban development project, Masar, launched in Saudi’s Makkah

The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases

Saudi Arabia’s Prince Bandar bin Saad passes away

Funeral prayers will be performed in the city of Riyadh on Monday, June 29