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Saudi net foreign assets rise for first time since January

The stockpile climbed by about SAR3bn ($800m) to reach $445bn

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

GCC Covid-19 update: UAE registers 437 cases, 2 fatalities; 3,989 cases, 40 deaths in Saudi

The death toll in Saudi Arabia has crossed 1,550

GCC’s higher education sector: Chalking out the future of tomorrow

As industrial revolution and digital advancements scale the demand for technical and cross-functional skills, how has the regional higher education space responded?

Saudi says three Iranian boats forced to retreat after entering its waters

Border Guard officials said they were forced to fire warning shots at the boats

Saudi bank NCB plans $15.6bn takeover of rival Samba

The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank

Philippines to repatriate remains of 152 workers who died from Covid-19 in Saudi

A total of 8,361 Filipinos abroad have been infected by the virus, including 513 who died

Saudi’s Samba CEO sees U-shaped recovery after ‘triple jeopardy’

The kingdom unveiled a second $13.3bn stimulus package to protect lenders against an expected drop in profits and rise in bad loans

Dubai Silicon Oasis disinfection tunnel

GCC Covid-19 update: 430 new cases in UAE; Oman reports 1,366 infections

The death toll in the UAE stands at 308

Expats stranded outside Saudi will only be allowed to return after the pandemic ends

The mechanism for extending the exit and return visa is yet to be announced

coronavirus covid-19

GCC Covid-19 update: Saudi reports 3,123 cases, 41 deaths; UAE registers 450 infections, 2 deaths

The death toll in Saudi Arabia has risen to 1,387

Saudi Binladin Construction group misses salary payments

Most of the affected employees are based at Binladin’s headquarters in Jeddah and work in its construction unit

Saudi coalition forces destroy 8 ‘bomb-laden’ drones, 3 missiles launched from Yemen

The attacks were targeting “civilians in the kingdom” officials said

UAE endorses Saudi Arabia’s decision to limit Hajj 2020, will not participate this year

Only those already residing in Saudi Arabia will be permitted to attend Hajj this year

Coronavirus Testing Laboratory

GCC Covid-19 update: Saudi registers 3,393 cases, 40 deaths; UAE reports 378 infections, 1 death

The death toll in Saudi Arabia and Oman has scaled to 1,307 and 137 respectively

Saudi Arabia starts $4bn tourism development fund

The country expects the tourism industry to contribute more than 10 per cent of its annual GDP and create more than 1 million jobs by 2030

Saudi education platform raises more funds as schools go online

Noon Academy currently operates in Saudi Arabia, Egypt, India and Pakistan, and plans to open a hub in London

coronavirus

GCC Covid-19 update: UAE reports 392 cases, 1 death; Saudi registers 3,379 infections, 37 fatalities

The death toll in the UAE and Saudi Arabia has risen to 302 and 1,267 respectively

Maaden phosphate unit signs $4.1bn finance deal

Maaden Waad Al Shamal Phosphate Co. will refinance $2.3bn owed to a syndicate of commercial banks and financial institutions

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

saudi arabia riyadh

Saudi Arabia lifts national curfew, resumes commercial activities

International travel as well as entry to the kingdom via land and sea will remain suspended

Mosques in Makkah to reopen on Sunday

Several precautionary measures have to be followed at the mosques

Amazon Saudi Arabia

Amazon Saudi Arabia officially launched to replace Souq.com

The Amazon Prime service is not yet available in the kingdom

UAE-HEALTH-VIRUS

GCC Covid-19 update: UAE registers 388 new cases, 3 deaths; Oman reports 739 infections

The death toll in the UAE and Kuwait has risen to 298 and 308 respectively

sabic

Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

coronavirus

GCC Covid-19 update: Saudi registers 4,919 cases, 39 deaths; Oman reports 810 infections

The death toll in Saudi Arabia stands at 1,091

Bahrain’s King Fahd Causeway set to open new gates on the Saudi side

The bridge’s passenger capacity will increase by 45 per cent when it reopens to passenger traffic

Covid-19 impact on the regional energy sector: Is it set for a rebound?

In light of historic oil price routs and oversupply triggered by the novel coronavirus, how imminent and optimal is recovery for regional energy markets? Gulf Business speaks to Rita Allan, senior Construction and Projects associate at Pinsent Masons Middle East, to find out more

Saudi’s Millenium Arabia launch first Arabic esports series on Twitter

The series will be streamed every Thursday at 9.30pm UAE time starting June 18