MUST-READS

• The future of car buying: Perspectives from Saudi Arabia

  That said, I believe that by 2030 consumers will have the option to avoid car dealerships entirely. Digitalized alternatives will allow consumers to undertake all steps of the buying process through a smartphone.

• Kuwaitis await new crown prince as Arab leaders mourn late emir

  Arab leaders headed to Kuwait on Thursday to offer condolences for the death of its ruler Sheikh Sabah al-Ahmad, who worked to unify a polarised region, as Kuwaitis waited for the new emir to name a crown prince to help guide state affairs.

• Perspective: Saudi ambassador to Washington hosts private dinner for 8 Evangelical leaders

  Nothing was off limits and the ambassador, 45, was both candid and expansive, and she had questions for us, as well.

• Saudi unemployment spikes as virus-hit economy shrinks by 7% in second-quarter

  “No surprises in the pace of decline. Non-oil GDP was going to be hit harder with the lockdowns. Oil contraction instead was partly limited by the marked ramp up in oil output in April,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

• Saudi Arabia Forgoes Stimulus Spending With Eye on Its Deficit

  The budget deficit is expected to narrow to 5.1% of economic output next year and 3% in 2022, according to the statement. The figures were released without the press conference that’s accompanied them in recent years.

  • Reuters - Saudi Arabia's preliminary 2021 budget sees lower spending
  • Trade Arabia - Saudi Arabia plans 7.5% spending cut in 2021
  • Reuters - Saudi government expects inflation to hit 3.7% after VAT hike
  • Oilprice - Saudi Arabia’s Economy Hit Hard By The Oil Price Crash
• Saudi Arabia waives 25% of municipal property rents

  Investors in Saudi Arabia have been exempted from paying 25 per cent of the municipal property rents for a period of three months, Okaz Newspaper reported. The decision will help over 50,000 facilities deal with the economic effects of coronavirus by relieving them off payments amounting to over $151.9 million, the daily added.

• Saudi Grocer Bindawood Offers Investors Chance to Cancel Bids After Loan Disclosure

  It remains unclear how the revelations will impact investor appetite for the share sale, which aims to raise about $600 million and was already more than 50 times oversubscribed when the IPO process was put on hold last week, people familiar with the matter told Bloomberg last week.

• Prize money for Saudi Cup 2021 increased to $30.5 million

  The International Jockeys Challenge takes place on February 19 followed by the Saudi Cup meeting featuring eight races, including the new $500,000 Saudi International Handicap as well as the $20 million Saudi Cup - the world's richest horse race - the following day.

  • Bloodhorse - Bird Song Sold to Stand in Saudi Arabia
  • Paulick - Palace Sold To Stand In Saudi Arabia
• Saudi Aramco and Sumitomo Chemical to lend Petro Rabigh $2 billion

  Japan's Sumitomo Chemical 4005.T and Saudi Aramco 2222.SE will lend $2 billion to their refinery and petrochemicals joint venture as it faces a shortfall of capital due to the COVID-19 pandemic and periodic maintenance, Sumitomo said on Thursday Sumitomo Chemical plans to provide $750 million, or 37.5% of the loan, to Rabigh Refining and Petrochemical Company (Petro Rabigh) 2380.SE while Saudi Aramco will lend the rest, a spokesman at the Japanese chemical company said.

• FIFA eWorld Cup 2020: Saudi Najd breaking down barriers

  The popularity of competitive FIFA has continued to grow in recent years in Saudi Arabia, which now has its first winner of a major female FIFA20 title. This July, Najd Fahd became the inaugural winner of FISU eSports Challenge’s female tournament after she beat Brazilian Alexssandra Batista 8-0 in the final. Having won her first FIFA20 title, Fahd now aspires to follow in the footsteps of Alshehri and Aldossary.

• 10 of 60873 results<< 1 … 2,811 2,812 2,813 … 6,088 >>