#Saudi Arabia

Saudi exchange Tadawul is said close to IPO at $4bn value

An IPO of Tadawul has been on the cards since at least 2016

Saudi wealth fund PIF leads acquisition of Newcastle United after Premier League approval

Yasir Al-Rumayyan, governor of the Public Investment Fund, will serve as non-executive chairman of Newcastle United

FedEx Express to invest over $400m in Saudi Arabia

FedEx Express has been facilitating trade in the kingdom since 1994

Saudi non-oil private sector growth quickens to 7-year high

A Purchasing Managers’ Index compiled by IHS Markit rose to 58.6 in September

Top backer of Dubai app Fetchr warns startup faces liquidation

Fetchr was valued at almost $300m in a 2017 fundraising round

Four people injured at Saudi’s Abha airport in latest Yemeni drone attack

The coalition said falling debris from the drone – which was intercepted and destroyed – injured four workers at the airport

Leap Saudi Arabia

Saudi Arabia’s startup VC ecosystem grew record 65% y-on-y in H1 2021

The upcoming global tech event, LEAP, will allow startups and platforms to present their ideas and innovations to secure investments

Fuel prices spike across Asia as global energy crunch takes hold

The electricity crisis is roiling energy markets from Europe to Asia

Saudi Arabia Airport

Saudi announces further easing of restrictions for certain travellers

Travellers from select categories, who were previously required to spend 14 days outside certain countries before entering the kingdom, can now enter directly

Saudi Arabia airport

Saudi to restrict access to air travel only to fully vaccinated individuals

The decision will take effect from 6am on October 10

In pics: Sheikh Mohammed tours Expo 2020 site, visits country pavilions

Expo 2020 Dubai opened to the public on October 1

Healthy prospects: Dubai-based startup Med Reach on plans ahead

The healthtech startup is aiming to close communication gaps in the healthcare market, say founders Mohammad Shalaby, Abdulkader Tatari and Firas Anjarini

Whats On Saudi Arabia Arabic

What’s On Saudi Arabia launches Arabic site

The English version of the website launched in January 2021

Data Security cyberattacks

Over 85% of Saudi organisations attribute cyberattacks to vulnerable technology

Sixty-seven per cent of security leaders said their exposure to cyber risk increased as a result of moving business-critical functions to the cloud

Saudi Arabia may issue a green bond by 2022, ‘if not before’

The global market for debt that complies with environmental, social or governance goals (ESG) looks set to top $1 trillion this year

In pics: Saudi reveals new luxury mountain resort as part of the Red Sea project

Work on the 60-key property began in July 2021

Acciona to build, operate 3 sewage treatment plants in Saudi Arabia

These new contracts are worth a combined $1bn

Tele dentist

Over 85% of UAE, Saudi Arabia residents ready to embrace tele-dentistry – survey

Align Technology to unveil findings of whitepaper report at 2nd Digital Health MENA Forum

SAUDI-HEALTH-VIRUS

Saudi to soon start providing Covid-19 vaccine booster shots to those aged 60 and above

The kingdom has so far administered more than 41 million vaccine doses across the country

Bahrain plans to double VAT in bid to curb deficit

Bahrain’s budget shortfall is projected to drop to 9.1 per cent of gross domestic product this year compared with 18.3 per cent of GDP in 2020

Here’s how Saudi is emerging as the tech hub of the future

As it boosts the adoption of digital government and pilot technologies, the kingdom is also preparing to host LEAP, which set to become one of the major tech events in the world

Saudi Arabia: Paving the way for the future

With a young leadership at the helm, the GCC’s largest economy has embarked on a journey of growth, diversification and alliances

Amazon_American Express

Amazon payment services partners with American Express in Saudi Arabia

Amex cardholders in Saudi can now shop with their Amex card on merchant and supplier websites that use Amazon Payment Services

Revealed: 10 highest-growth job roles of tomorrow

Demand for professionals in AI, data and engineering is expected to spike in the near future, as technology adaption takes off even further

BIOS Middle East expands its cloud footprint to Oman

The new cloud footprint in Muscat complements existing cloud footprints already available in Dubai, Abu Dhabi, Riyadh and Jeddah

Saudi’s GACA instructs airlines to verify vaccination status of residents pre-departure

The authority warned that those found violating the procedures will face legal action

Saudi Arabia’s Al Qaryan to digitally transform with SAP intelligent solutions

Al Qaryan Holding to optimise its operations, better product costing, and do data-driven decision-making for its regional expansion plans of near future

Over 90% of students aged 12 and over in Saudi Arabia are vaccinated

Covid-19: Over 90% of students aged 12 and over in Saudi Arabia are vaccinated

Vaccination rates among teachers and education staff reached 96.92 per cent in the kingdom

Saudi internet-services firm sets IPO price at top end of range

Riyadh has been the hottest market for IPOs in the Middle East over the past two years

Saudi conglomerate Algosaibi’s $7.5bn default settled after decade

The plan involves Algosaibi contributing 90 per cent of its assets to paying off debts, with the rest restructured in order to carry on operating