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  • China Virus
    Saudi Arabia to supply vital equipment to fight COVID-19 in China

    The King Salman Humanitarian Aid and Relief Centre (KSrelief) has been tasked with providing assistance in an initiative coordinated with the Embassy of People's Republic of China in the kingdom.  Saudi Arabia will supply 1,159 medical devices including ultrasound machines, non-invasive ventilators, defibrillators, patient monitors, infusion pumps, injection pumps and continuous renal replacement therapy. Medical protective masks and isolation suits will also be provided.

  • Riyad Bank
    Saudi Arabia’s Riyad Bank starts marketing 10-yr dollar sukuk

    The bank hired JPMorgan, Riyad Capital and Standard Chartered to lead the deal. First Abu Dhabi Bank and HSBC are also involved in arranging the potential debt sale, which is expected to close later on Tuesday. The Tier 2 subordinated sukuk sale is part of a $3 billion issuance programme.

  • Saudi Stockpile
    Saudi Arabia’s crude oil stockpiles fall in Dec – JODI data

    Saudi Arabia has been drawing from its huge oil inventories after attacks on its oil facilities in September temporarily knocked out more than half of its output. Following the attacks the kingdom managed to maintain supplies to customers, partly by drawing from its oil stockpiles, and was able to swiftly restore its oil production capacity.

  • Red Sea Film Festival
    Saudi Arabia’s Red Sea Film Festival reveals lineup

    The Red Sea Film Festival will run from March 12 to 21 and will screen 107 features and short films, including a lineup of 16 films in-competition, seven non-competition films, 11 Saudi features, and 13 short films for the shorts competition, 23 films for best of year category, and 17 experimental films for the Tajreeb category, which is based on local narratives of Saudis and non-Saudis living in the Kingdom.

  • Gas Prices
    Saudi Arabia is increasing local petrol prices, here’s what you need to know

    Starting this month, local fuel prices are going to be updated on a monthly basis rather than the usual quarterly announcement. The kingdom will now be announcing changes to local fuel prices on the 10th day of every month. This comes as oil prices continue to heavily fluctuate on a global level which in turn drastically affects the Gulf nation's pricing.

  • Agriculture
    Two BRF poultry plants in Brazil suspended from exporting to Saudi Arabia

    Two plants in Brazil’s Paraná state operated by food processor BRF SA have been suspended from exporting poultry to Saudi Arabia, dealing a blow to the company’s business activities in an important export market.

  • Franchising
    Saudi Arabia to introduce new franchising laws

    The franchisor will be required under the new law to disclose all relevant information, including employee numbers, profits and losses, and the number of its outlets that have closed. The regulations will increase entrepreneurs’ awareness of their rights and may encourage them to acquire a franchise, committee chairman Muhammad Ibrahim Al-Mojel said.

  • Inflation
    Saudi inflation up in January for second consecutive month

    Saudi Arabia’s consumer price index rose 0.4% in January from a year earlier, official data showed on Tuesday, the second consecutive month of positive inflation after it was in negative territory for most of last year. Hikes in prices at restaurants and hotels, education, and healthcare, boosted the index, data from the General Authority for Statistics showed.

  • Ivanka Trump lauds Saudi, UAE on women’s rights reforms

    Ivanka Trump has praised Saudi Arabia, the United Arab Emirates and a handful of other Mideast countries for embarking on “significant reforms” to advance women's rights at a gathering of women entrepreneurs and regional leaders in Dubai

  • Khamenei loyalists may tighten grip at Iran elections

    Allies of Supreme Leader Ayatollah Ali Khamenei have ensured hardliners dominate the field, removing moderates and leading conservatives and permitting voters a choice mostly between hardline and low-key conservative candidates loyal to him.