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Saudi Arabia’s Islamic Development bank lists $2bn sukuk on Nasdaq Dubai

The sukuk makes IsDB the leading sukuk issuer by total value on Nasdaq Dubai

Saudi Arabia stops issuing tourist visas to residents in China; six other countries

Previously issued tourist visas to residents of these countries will also be temporarily suspended

Saudi suspends entry of GCC citizens to Makkah and Madinah over coronavirus fears

GCC citizens who have been in the kingdom for 14 consecutive days and have not shown symptoms of coronavirus are exempt from the ban

Emirates says travellers from over 20 countries will not be allowed to fly to Saudi

All those with Umrah visas will also not be permitted to travel to the kingdom

Saudi’s KBW Ventures invests in US cell-based seafood startup BlueNalu

BlueNau is the fourth cellular agriculture startup that KBW Ventures has invested in

Aramco starts early preparations for an overseas listing

The oil giant is in discussions with Wall Street banks to draw up scenarios for a second listing overseas

Saudi Arabia suspends all Umrah visits

Saudi also suspends the use of national identity cards for its citizens and GCC nationals for travel to and from the kingdom

finablr bayanpay

Finablr’s BayanPay secures Saudi Arabia licence

Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030

UAE banks invested Dhs141bn in Q4 2019 across the GCC

Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment

Saudi announces cabinet reshuffle, creates new ministries

A series of royal orders created a separate ministry of investment and appointed former energy minister Khalid Al-Falih to head it

OPEC+ cuts that steadied market now bring risk of $100 crude

No OPEC decision yet on oil cuts – Saudi energy minister

The Organization of Petroleum Exporting Countries and its allies are to meet next week in Vienna to assess their global cuts and output policy

Saudi Arabia has granted 400,000 visas since opening to tourism

The kingdom aims is to draw 100 million visits a year by 2030

HSBC’s Saudi Arabia affiliate seeks to boost corporate lending

Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender

Saudi regulator seeks to raise capital levels for insurers

Of Saudi Arabia’s 33 insurance companies, 10 made a loss last year, with the bulk of profits being earned by two companies — Bupa Arabia and Tawuniya

G20 finance chiefs discuss coronavirus threat to global economy in Saudi meet

Central banks in Indonesia, Mexico, Turkey and South Africa have cut rates this year

UAE confirms new coronavirus cases, Saudi suspends travel to Iran

The UAE has so far reported a total of 13 cases of the virus, with three having fully recovered

Saudi Arabia to invest $110bn in Jafurah gas field

Jafurah will likely produce about 130,000 barrels a day of ethane, close to 40 per cent of the kingdom’s current production and around 500,000 barrels a day of gas liquids and condensates, representing about 34 per cent of the output

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Saudi gets ready to welcome world leaders at G20 meeting

On Saturday, finance ministers and central bankers will descend on Riyadh for the G20’s first cabinet-level meeting

India’s Reliance, Saudi Aramco accelerate refinery stake sale talks

In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake

Quarantined student in Saudi commits suicide on coronavirus fear

The patient, who had lived in Saudi Arabia for the past eight months, was a student at King Abdulaziz University

Kuwait, Saudi to resume oil output from shared field this month

The Khafji field will start output by the end of February

Saudi approves cloud seeding programme to increase rainfall by 20%

The kingdom currently receives less than 100 millimetres of rainfall a year

No coronavirus cases detected in Saudi so far – ministry

Saudi suspended travel to China for its citizens and residents last week

Some Asian buyers take less Saudi oil on demand hit from virus

The companies, which include two Chinese buyers, requested the lower volumes as part of their long-term supply contracts with Saudi Aramco

Saudi wealth fund PIF aims for more than 1,000 employees by year end

The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc.

Saudi wealth fund leads fundraising for online used car trader

A unit of Saudi Arabia’s sovereign wealth fund is leading a $35m funding round for Dubai-based SellAnyCar.com

Saudi issues weather warning with temperatures set to drop below zero degrees

Parts of the kingdom were covered in snow last month when temperatures dropped

Saudi’s STV hires from Google to help build tech unicorns

Ian Jakovljevic will join Saudi Arabia’s STV as chief development officer next month

Kardashian friend to help Saudis seal Newcastle United deal

Carla DiBello, an entrepreneur friend of the reality television star, is advising PIF on the proposed acquisition of the soccer team