MUST-READS

• Pompeo discusses Abraham Accords with Saudi Foreign Minister

  State Department spokesperson Morgan Ortagus reported: "Secretary of State Michael R. Pompeo spoke yesterday with Saudi Foreign Minister Faisal bin Farhan Al Saud. The Secretary and the Foreign Minister discussed important work to advance humanitarian assistance and peace in Yemen, the need to overcome divisions between Gulf countries, and the historic Abraham Accords signing. They also discussed expectations for a productive U.S.-Saudi Strategic Dialogue in October".

• The current landscape of KSA construction

  The Governor of the Saudi Contractors Authority (SCA), HE Eng Thabet Al-Sawyeed, opened proceedings for the 2020 Leaders in Construction KSA Summit by delivering the keynote speech, sharing details about the outlook for the Saudi construction and contracting sectors; the impact of Saudi Arabia’s Vision 2030 on the market; the top trends in the industry; as well as the roadmap of activities planned as part of the SCA’s 2020-2024 strategy.

• Saudi registers 16,000 pilgrims in first few hours of Umrah app launch

  In the first phase, citizens and expatriates in the kingdom will be allowed to perform Umrah, starting from Sunday, October 4, at 30 per cent of the capacity – equating to 6,000 Umrah performers per day, taking into account the health precautionary measures in place at the Grand Mosque.

  • Gulf Business - Saudi to announce countries for foreign pilgrims; outlines Umrah protocols for first phase
• Zain Saudi raises $1.6 billion Islamic loan

  Mobile Telecommunications Company Saudi Arabia (Zain KSA) has raised a 6 billion riyals ($1.60 billion) loan to refinance existing debt and secure access to additional liquidity to support growth, it said in a bourse filing.

• Saudi Arabia may keep November crude prices to Asia little changed

  However, high product inventories in key markets like China and mobility restrictions in response to rising COVID-19 cases are likely to cap fuel demand and squeeze refiners’ margins, they added.

• Saudi Arabia says it busted terrorist cell trained by Iran’s Revolutionary Guards

• Saudi-listed insurers report strong H1

  Focusing on the overall performance in H1 2020, the industry’s net profit after zakat and tax of SR1.01 billion and return on equity of 3.22% were higher during the first six months of 2020, compared to the same period last year, driven by better-than-expected underwriting results from the motor and medical lines, which represent a major share of the insurance business in Saudi Arabia.

• Saudi Tourism Development Fund, banks sign deal for up to $43 billion of projects

  The agreement will set up mechanisms to finance tourism projects across the kingdom as part of the government’s efforts to develop the sector, a key pillar of Saudi Crown Prince Mohammed bin Salman’s ambitious reform strategy to reduce dependence on oil.

  • Arab News - Saudi Tourism Development Fund signs $43bn deal for tourism projects
• Credit Agricole to Build Its Own Saudi Bank After Stake Sale

  Credit Agricole CIB started the process to obtain a license to operate on Saudi’s capital markets and plans to further develop its presence and activities in the country, the unit’s chief executive officer, Jacques Ripoll, said in the statement.

• King Salman Energy Park receives prestigious green building rating

  King Salman Energy Park (SPARK) has been certified with a prestigious green building rating, becoming the first industrial city in the world to receive Silver Level accreditation for Leadership in Energy and Environmental Design (LEED).

• 10 of 60873 results<< 1 … 2,816 2,817 2,818 … 6,088 >>