FeaturedOil & GasOil prices soar to a three year high as OPEC+ abandons meeting without a dealWebAdminJuly 6, 2021July 6, 2021 by WebAdminJuly 6, 2021July 6, 2021 Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE... Read more
FeaturedTelecomSTC receives regulatory approval for IPO of its subsidiaryWebAdminJuly 1, 2021 by WebAdminJuly 1, 2021 The Capital Market Authority approved an offering of 20% that represents 24 mn shares of Arabian Internet and Communications Services which is also known as solutions by STC... Read more
BankingFeaturedSaudi Arabia to issue digital banking licenses to STC Bank and Saudi Digital BankWebAdminJune 23, 2021 by WebAdminJune 23, 2021 The proposal was approved during a virtual meeting that was headed by King Salman... Read more
FeaturedOil & GasChina discovers new oil and gas in Xinjiang Uygur autonomous regionWebAdminJune 21, 2021 by WebAdminJune 21, 2021 Located in the Fuman Oilfield area, the well contains 1 bn ton of oil and gas... Read more
FeaturedInsuranceSaudi Arabia’s Public Pension Agency to merge with General Organisation for Social InsuranceWebAdminJune 17, 2021 by WebAdminJune 17, 2021 More than 8.3 bn people will benefit from social insurance because of this merger... Read more
FeaturedHealthcareMubadala health buys 60% stake in UEMedicalsWebAdminJune 17, 2021 by WebAdminJune 17, 2021 The stake has been acquired from Jadawa Investment and United Eastern Group (UEG) and marked the company’s entry into the Saudi Arabia market... Read more
EconomyFeaturedSaudi Arabia’s GDP declines 3% in the first quarterWebAdminJune 15, 2021 by WebAdminJune 15, 2021 This is attributed to a steep decline of 11.7 percent in crude oil production during the same period... Read more
BankingFeaturedSaudi Arabia considering issuing two new digital banking licencesWebAdminJune 14, 2021 by WebAdminJune 14, 2021 The Saudi Central Bank will recommend the two applicants to higher authorities for approval... Read more
FeaturedMarketsGlobal bond investors will have access to the Saudi bond marketWebAdminJune 8, 2021 by WebAdminJune 8, 2021 The Saudi market is priced at $2.5 tn and global bond investigators can access the market without applying for Qualified Foreign investor status... Read more
FeaturedIslamic FinanceOil behemoth Aramco begins Islamic bond saleWebAdminJune 8, 2021 by WebAdminJune 8, 2021 The sukuk sale, which began on June 7th, is expected to conclude on June 17th... Read more