Saudi COVID-19 travel insurance approved as EU moves closer to opening

Saudi Central Bank (SAMA) had approved the product to be sold through Tawuniya with the participation of some Saudi insurers. (Shutterstock)
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Updated 03 May 2021
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Saudi COVID-19 travel insurance approved as EU moves closer to opening

  • It follows the decision to allow citizens to leave the Kingdom from May 17

DUBAI: Tawuniya said it had received final approval for an insurance product for Saudis traveling overseas that covers COVID-19 risks.
It follows the decision to allow citizens to leave the Kingdom from May 17 and it comes as the European Union's executive recommended on Monday that vaccinated foreign citizens and those coming from low risk countries be allowed to travel into the bloc without additional restrictions. The EU currently allows citizens of seven countries to come on holidays.
Tawuniya said on Monday that the Saudi Central Bank (SAMA) had approved a travel insurance product with the participation of some Saudi insurers.
The new policy coincides with the lifting of travel restrictions on citizens who have received two doses of the COVID-19 vaccine or one shot in cases where they have been vaccinated 14 days before departure as detailed by the Tawakkalna app.
Citizens who have recovered from the COVID-19 pandemic within the last six months will be also allowed to travel abroad.
Those under 18 will be required to provide an insurance policy approved by SAMA.
They will need to stay in home quarantine for seven days after returning to the Kingdom and take a PCR test at the end of that period. Passengers under eight years old will be exempt from that test.
Gulf airlines are gradually restoring capacity and adding new routes as the prospects for international tourism improve in some countries.

 


Second firm ends DP World investments over CEO’s Epstein ties

Updated 11 February 2026
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Second firm ends DP World investments over CEO’s Epstein ties

  • British International Investment ‘shocked’ by allegations surrounding Sultan Ahmed bin Sulayem
  • Decision follows in footsteps of Canadian pension fund La Caisse

LONDON: A second financial firm has axed future investments in Dubai logistics giant DP World after emails surfaced revealing close ties between its CEO and Jeffrey Epstein, Bloomberg reported.

British International Investment, a $13.6 billion UK government-owned development finance institution, followed in the footsteps of La Caisse, a major Canadian pension fund.

“We are shocked by the allegations emerging in the Epstein files regarding (DP World CEO) Sultan Ahmed bin Sulayem,” a BII spokesman said in a statement.

“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”

The move follows the release by the US Department of Justice of a trove of emails highlighting personal ties between the CEO and Epstein.

The pair discussed the details of useful contacts in business and finance, proposed deals and made explicit reference to sexual encounters, the email exchanges show.

In 2021, BII — formerly CDC Group — said it would invest with DP World in an African platform, with initial ports in Senegal, Egypt and Somaliland. It committed $320 million to the project, with $400 million to be invested over several years.