The Kingdom hopes it will attract domestic and international investors, even as the IMF predicts Saudi Arabia’s economic growth will slump 6.8% this year due to the coronavirus pandemic and weak oil …
Saudi Arabia Sees Decrease in New COVID-19 Infections
The kingdom recorded 2,692 new infections on Tuesday, the fourth day in a row the numbers have stayed below 3,000. Saudi Arabia has recorded a total of 237,803 cases with 2,283 deaths. The number of …
Bangladeshi Hajj, Umrah operators lose Tk300 crore of business
Bangladeshi travel agents, Hajj and Umrah operators have lost about Tk300 crore in business opportunities as the Saudi Arabian government has barred non-resident foreign citizens …
BeIN Sports licence in Saudi Arabia permanently cancelled
Saudi Arabia said on Tuesday that it permanently cancelled the licence of Qatari broadcaster beIN Sports, which has been barred from broadcasting in the kingdom since mid-2017 over political disputes …
Saudi Arabia launches $178m loan deferral programme for businesses
A total of 192 companies that employ more than 20,000 Saudis will benefit from the programme Saudi Arabia has launched a new $178 million … According to local media reports, the Ministry of …
KPMG: Saudi government’s agility limits impact of Covid-19 pandemic
The setting up of governing mechanisms under Saudi Arabia’s Vision 2030 to promote intergovernmental collaboration was a big support to the swift response to limit the spread and economic …
Saudi Arabia records lowest daily COVID-19 death rate for two weeks
LONDON: Saudi Arabia on Monday reported its lowest daily death toll from COVID-19 in two weeks, with 20 people dying from the virus in the past 24 hours. The Kingdom’s daily new case figure also …
Saudi Arabia permits Eid Al-Adha prayers with coronavirus measures
RIYADH: Saudi Arabia said on Monday it would permit worshippers to perform Eid Al-Adha prayers at mosques. The Minister of Islamic Affairs, Dawah and Guidance, Sheikh Abdullatif Al-Asheikh, directed …
Apple Market Cap Closes In on Saudi Aramco’s as No. 1 in World
(Bloomberg) — Apple Inc. is getting close to overtaking Saudi Arabia’s state-owned oil company … now to stay ahead with the most trusted business news source.
Saudi Aramco cuts August heavier crude supply for Asian refiners – sources
SINGAPORE/NEW DELHI (Reuters) – Saudi Arabia’s state-owned oil company Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers …