#Saudi Arabia

Saudis reduce oil pricing in sign demand recovery is struggling

Aramco will also trim pricing for lighter barrels to northwest Europe and the Mediterranean region

AstroLabs eases business set-up in Saudi Arabia with new portal

Setupinsaudi.com lists a setup process and information on requirements

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

UAE-ISRAEL-US-DIPLOMACY

Saudi Arabia approves use of airspace for UAE flights to and from all countries

The UAE and Israel have recently normalised ties and pledged to cooperate in areas including civil aviation

GCC Covid-19 update: UAE registers 735 cases; 667 infections confirmed in Kuwait

The death toll in the UAE has risen to 387

Saudi Arabia delays showcase investment conference until January

It will now be held on January 26-28

King Salman Saudi Arabia

Saudi’s King Salman dismisses royals, officers in corruption probe at Ministry of Defence

Lt. General Mutlaq bin Salim bin Mutlaq Al-Azima will now serve as the Commander of the Joint Forces

Livestreaming app Bigo Live to sponsor Saudi gamers

Up to 3,000 gamers in the Middle East to benefit from incentive package

Saudi Arabia reserves grew in July from lowest level since 2010

The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020

How are Saudi Arabia’s mega projects faring amid virus slowdown

Despite the headwinds caused by the pandemic, Saudi Arabia’s mega projects are moving along steadily

Covid-19 testing UAE 7

GCC Covid-19 update: UAE reports 491 cases; 187 infections registered in Oman

The death toll in the UAE remains unchanged at 378

SAUDI-ECONOMY-TRANSPORT-METRO

Saudi to localise engineering jobs from 2021

The decision applies to all private sector establishments that employ five or more engineering professionals

Saudi forces destroy bomb-laden drones, missiles launched towards civilians

Two separate incidents were reported on Saturday and Sunday

Mideast equity markets mixed with oil prices in focus

Kuwait’s main equity index led losses in the region

Saudi Aramco suspends $10bn China oil refinery venture

The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects

GCC Covid-19 update: UAE reports 461 cases; 163 infections registered in Oman

The death toll in Oman and the UAE now stands at 609 and 369 respectively

Saudi foreign minister

Saudi will stick to 2002 Arab peace plan – foreign minister

The plan proposes normalised relations with Israel only after it withdraws from the Palestinian territories

Saudi Arabia led GCC in number of phishing attacks in Q2: Kaspersky report

There were 973,061 phishing attacks in KSA, with UAE following with 617,347 in the quarter

Saudis keep pressure on OPEC cheats before ministerial talks

Riyadh’s struggle to enforce compliance has been a long-running issue

GCC Covid-19 update: UAE reports 435 cases; 188 infections confirmed in Oman

The death toll in the UAE stands at 367

Fintech industry growing by 18% annually in Saudi Arabia: report

Fintech transactions in the kingdom amounted to over $20bn by the end of 2019

Israel asks UAE Crown Prince to visit as peace moves intensify

Israel and the UAE disclosed on Thursday that they had decided to put aside decades of official animosity in favour of normalising ties

King Abdullah Medical City picks Avaya Spaces to coordinate Covid-19 response

King Abdullah Medical City used Avaya Spaces to establish a workflow-based steering committee

Saudi Arabia’s inflation rate surged to 6.1% in July on VAT hike

Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Saudi intercepts another missile attack from Yemen targeting ‘civilian targets’

The missile was launched towards the kingdom’s southern region on Sunday

Saudi sovereign fund said to hire ex-Morgan Stanley risk officer

The PIF received an injection of $40bn from the kingdom’s reserves in March and April

GCC Covid-19 update: UAE reports 210 cases; 162 infections, 10 deaths registered in Oman

An additional 10 people succumbed to the Covid-19 virus in Oman

Saudi wealth fund is said to repay $10bn bridge loan

PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co

Saudi wealth fund ditches blue-chip stocks, adds ETFs

The Public Investment Fund disclosed stakes worth $10.1bn at the end of the second quarter