#Saudi Arabia

Saudi car rental firm Theeb hires Fransi Capital for IPO

The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak

GCC Covid-19 update: UAE reports 351 cases; 1,968 infections registered in Saudi

The death toll in Saudi Arabia stands at 2,733

Saudi pilgrims

Pilgrims selected to perform Hajj this year begin arriving in Jeddah

Only about 1,000 pilgrims – all from inside Saudi Arabia – have been permitted to perform Hajj this year

SAUDI-HEALTH-VIRUS

Saudis stuck home for summer burn more oil for air conditioners

The extra oil going toward power may limit the price impact of OPEC’s plan to taper output restrictions from next month

GCC Covid-19 update: UAE reports 254 cases; 1,099 infections registered in Oman

The death toll in the UAE remains unchanged at 342

Saudi Arabia to Bahrain causeway reopens from July 23

The King Fahd Causeway shut on March 7 as part of the precautionary measures

Saudi Arabia

Saudi Arabia refutes reports that it is mulling income tax

An official within the government added that the “issue is fundamentally not for discussion”

Dubai-based 3D printing start-up Immensa to expand to Saudi Arabia, US

Amid Covid-19 pandemic, Immensa remobilised to produce more than 20,000 3D printed face shields per week

Saudi Arabia’s Al Othaim family said to plan IPO for malls unit

The sale may happen in the first half of 2021

How Saudi Arabian shoppers are gearing up for the ‘new normal’?

Saudi consumers while venturing out more than in preceding months, still prefer to retain several preventive measures while shopping in stores

King Salman Saudi

Saudi’s King Salman chairs Cabinet meeting from hospital

He was admitted to the King Faisal Specialist Hospital on Monday to undergo medical tests due to an inflammation of the gallbladder

Tata Communications granted local ISP, telecom licence in Saudi

Licence allows change of status from a foreign carrier to local licenced service provider

GCC Covid-19 update: UAE registers 305 cases; 1,487 infections recorded in Oman

The death toll in the UAE has risen to 341

Saudi Arabia

Saudi Arabia declares Eid Al Adha 2020 date

It also confirmed the dates of the holidays for the public and private sector within the kingdom

GCC Covid-19 update: UAE reports 271 cases; 2,429 infections registered in Saudi

The death toll in Saudi Arabia and the UAE has risen to 2,523 and 340 respectively

Lego opens exclusive e-commerce store in Saudi Arabia

The brand recently opened its first retail store in Red Sea Mall in Jeddah

DIFC Dubai

More than a quarter of UAE, Saudi businesses to allow remote work post-Covid: study

Technology performance issues hindering remote workers

G20 to make debt relief extension call closer to year end

All member countries have started implementing the Debt Service Suspension Initiative that currently is set to only run through December

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

Lego opens first retail store in Saudi Arabia

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

hajj-picture

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