RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman said on Wednesday that as the world confronts the new coronavirus, the Group of 20 major economies will convene in an exceptional summit to come up with initiatives to unite the efforts to combat the pandemic. ‘As the world confronts the COVID-19 pandemic and the challenges … Continue reading BREAKING NEWS | Saudi King Says G20 Exceptional Summit To Unite Coronavirus Efforts
RIYADH | SAUDI ARABIA – The Saudi Arabian Monetary Authority (SAMA) will support retail stores by exempting them from points of sales (POS) and e-commerce fees for three months, starting March 14. SAMA announced the eligibility requirements for the new support program on twitter. All POS and e-commerce fees related to purchases using internationally accepted … Continue reading ECONOMY | Saudi Arabia Exempts Stores From Merchant Services Charge For 3 Months
RIYADH | SAUDI ARABIA – Saudi Aramco’s Chief Financial Officer said on Monday the company can sustain a low break-even oil price. Khalid al-Dabbagh was speaking during a conference call about the company’s financial results for 2019.
RIYADH – Saudi Aramco (2222.SE) on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company. Saudi Arabia’s decision last year to float shares in its state oil company … Continue reading BUSINESS | Aramco To Cut Capital Spending Over Coronavirus; 2019 Profits Plunge
RIYADH - Saudi Arabia’s central bank will intervene to support the kingdom’s economy ifliquidity is tight or credit is affected, its governor told state-owned Al Arabiya TV on Sunday, reiterating the commitment to the riyal’s peg to the dollar. “The challenges are the coronavirus and the lower oil price globally, but we are monitoring liquidity … Continue reading BREAKING NEWS | Saudi Central Bank To Intervene If Liquidity Affected – Governor To Al Arabiya
RIYADH – The Ministry of Health announced the recovery of the second case who is a Saudi citizen among COVID-19 contracted case in the medical isolation at Qatif Central Hospital, where all medical examinations and procedures were completed. A laboratory testing proved that the recovered case is now free of Coronavirus infection and in good … Continue reading CORONAVIRUS | Recovery Of Second Case From COVID 19 In Saudi Arabia, MOH Announces
RIYADH - Saudi Arabia will suspend international flights for a two weeks from Sunday to slow down the spread of the coronavirus, the interior ministry announced on Saturday. The suspension will begin at 11 a.m. on Sunday. Some flights will be permitted in exceptional cases, the ministry said in a statement carried by the Saudi … Continue reading TRAVEL ALERT | Saudi Arabia To Suspend International Flight