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  • Kechichian: How will Saudi Foreign Policy Evolve Under King Salman?
     

    Following the successful and smooth transition of power from Saudi Arabia’s King Abdullah to the new King Salman, all eyes are on how the new Custodian of the Two Holy Mosques will navigate the regional and global foreign policy landscape. Although King Salman kept on the Minister of Foreign Affairs, Prince Saudi al Faisal, major […]

     
  • Military Officials from 26 Nations Battling Daesh Begin 2-Day Summit in Saudi Arabia
     

    Military officials from 26 nations descended on Saudi Arabia this week for a two-day meeting to discuss joint efforts to combat the self-styled Islamic State extremist group, or Daesh, in Iraq and Syria, according to the Saudi Press Agency. According to the Military Times, the head of the U.S. military’s Central Command, Gen. Lloyd Austin, […]

     
  • Despite Falling Oil Prices, Saudi-Dow Chemical $20 Billion Chemical Plant Going Ahead
     

    Despite a significant fall in oil prices since July 2014, Saudi Arabia’s joint venture partnership with Dow Chemical to build a $20 billion chemicals plant is going forward with an estimated completion date at full output of 2017, according to a report in Bloomberg based on comments made by a company official in Dubai. The ambitious […]

     
  • Saudi Arabia Evacuates Embassy in Yemen as Houthis Make Gains
     

    Saudi Arabia has suspended operations at its embassy in Yemen and evacuated its staff as the security situation there deteriorates, various agencies are reporting. Sanaa, Yemen’s capital, is currently under control of a Shiite militant group, the Houthis, who have battled the Saudi government along its long border with the Kingdom for years.  The AFP […]

     
  • For Saudi Arabia, Instability in Yemen Poses Political, Security, and Economic Challenges
     

    As the political crisis in Yemen intensifies following a Houthi takeover that some in the Gulf are calling a “coup,” two recent essays provide useful analysis on the serious challenges facing Saudi Arabia and its new King Salman. Writing for the Carnegie Endowment for International Peace blog, Khaled Fattah discusses the current situation in Yemen […]

     
  • Saudi MCI Proposes New E-Commerce Law
     

    Saudi Arabia’s Ministry of Commerce and Industry has proposed a new draft e-commerce law to govern online transactions in the Kingdom. The eCommerce market share in Saudi Arabia will hit $13.3 billion in 2015, so a new law, if passed, would help to regulate the growing industry. According to the website Tfour.me, Saudi Arabia’s online retail […]

     
  • Saudi Arabia’s Golden Opportunity to Reform Energy Subsidies
     

    With low oil prices, Saudi Arabia and other energy producers that subsidize domestic prices have a golden opportunity to reform those schemes. Will they? According to an IMF official in remarks made last year, Gulf states spent an average of 10% of GDP subsidies in 2013, a total of $160 billion annually. As a whole, the Middle East and North Africa region accounts for nearly […]

     
  • Ashmore: New Saudi State Spending Announced Under King Salman Estimated at $32.3b
     

    In a recently released note from Ashmore Group, the investment firm estimated new spending announced by King Salman at $32.3 billion, with 80% of that as current spending and $5.3 billion in capital expenditure over several years. The figure, an estimate, noted that this new expenditure comprises 4.4% of estimated Saudi GDP at $732 billion. “The majority […]

     
  • King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
     

    Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports.  Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]

     
  • Jadwa’s Quarterly Oil Market Update for Q4 2014 Finds ‘Clear’ Strategy to Maintain Market Share
     

    In a recently released note by Riyadh-based Jadwa Investment, the bank finds a “clear” Saudi strategy to maintain market share with pressures on prices expected in Q1 2015. “Global oil balances will increase in Q1 2015 as oil demand remains subdued but oil supply continues to expand from the US, Russia and Iraq. All of this […]

     

MUST-READS

  • Riyadh meeting highlights role of Saudi missions abroad in achieving strategic goals

    The 5th general meeting of the heads of the Saudi missions abroad discussed on Sunday the priorities of Saudi foreign policy and the role of the missions in achieving the Kingdom’s strategic goals.The agenda of the meeting included interactive dialogues and presentations with the aim of discussing and examining the ministry's strategies and initiatives and exchanging visions on their implementation. This is in addition to activating coordination between the Saudi missions abroad and government agencies, and exchanging views on issues related to their tasks on the external scene in a way that serves the interests of the country and the citizens.

  • Saudi Arabia proposes renaming OAPEC into the Arab Energy Organization

    Members of the Organization of Arab Petroleum Exporting Countries (OAPEC) signed a resolution on Sunday to rename the organization to the Arab Energy Organization (AEO), the Saudi Press Agency reported. Saudi Arabia had proposed renaming and restructuring the organization during the 113th ministerial meeting in Kuwait this week. Saudi Arabia's proposal aimed to enhance OAPEC's charter and promote stronger cooperation among its members as part of a larger reconstruction initiative, the SPA added.

  • Non-institutional foreign ownership ex-Aramco rises to 9.48% last week

    Non-institutional foreign investors raised their ownership in Tadawul-listed equities, excluding Saudi Aramco, from 9.40% to 9.48%, or SAR 327.82 billion, in the week ended Dec. 12, market data showed.  The ownership of non-institutional foreign investors is represented by swap holders, residents, and qualified foreign investors (QFIs).

  • Industrial Licenses In KSA

    The Kingdom of Saudi Arabia (KSA) offers significant investment opportunities, particularly in the industrial sector, which is a cornerstone of its national economy. Aligned with Vision 2030, the Kingdom continues to improve legislation and regulations to foster industrial growth and sustainability. This article outlines the types of industrial licenses, application procedures, and associated fees for establishing an industrial project in Saudi Arabia.

  • Another huge airport coming in Riyadh, Saudi Arabia – living up to the hype

    Now Saudi Arabia will open what is being billed as one of the world's physically largest airports - King Salman International - in Riyadh by 2030, forming a crucial part of Crown Prince Mohammed bin Salman's 'Vision 2030'.  The international companies Foster + Partners, Jacobs, and Mace, along with the Saudi company Nera, have already been signed up to design and build it. Coming in at USD29 billion, it will be the one of world's costliest airport projects too. Along with the extension of Dubai World Central (Al Maktoum International Airport) in the UAE; the now mostly completed expansion of Hong Kong International Airport including the third runway; the Long Thanh Airport in Vietnam - a greenfield project; and the expansion of Jeddah's King Abdulaziz International Airport - also in Saudi Arabia. The Asia Pacific region is the world's most populous, and the fact that three of these five projects are in the relatively lightly populated Middle East, rather than there, is testament to the continuing ambition already inherent in that region.

  • FIFA has a human rights policy, so how could it award Saudi Arabia the 2034 soccer World Cup?

    Supporters of the decision, including respected sports journalist Tracey Holmes, argue a World Cup in the kingdom offers a once-in-a-generation opportunity to foster positive change. A range of celebrities and players also congratulated the Saudi Arabian Football Association and Prime Minister Mohammed bin Salman. FIFA claims it can encourage positive human rights transformations in host nations, and since 2017 it has enshrined human rights in its guiding principles. In 2017, FIFA’s executive committee signed onto the so-called “Ruggie Principles”, adopted by the United Nations Human Rights Council unanimously in 2011.

  • Saudia Reduces India Flights Despite High Demand

    The move to reduce the operations of Saudia is rather surprising, especially at a time when other airlines from both sides, from India and Saudi Arabia, are simultaneously expanding into this flourishing market to cater to ever-growing demand.  when the observations were made, one surprise was that Saudia does not have any flights to India from Dammam (DMM), one of Saudi Arabia’s most important cities, though direct flights are offered by several other competing airlines between Dammam and destinations across India. Air connectivity between India and Saudi Arabia is quite flourishing, as lots of airlines fly in this high-demand corridor.

  • Saudi Arabia’s cybersecurity strategy: Building a resilient digital future

    At the heart of this strategy is the National Cybersecurity Authority (NCA), which was established to oversee and coordinate the Kingdom’s cybersecurity efforts. The NCA is tasked with ensuring that all sectors, both public and private are aligned in their cybersecurity initiatives. By providing a clear framework and governance structure, the NCA fosters collaboration between government entities, critical infrastructure providers, and private-sector partners to address emerging cyber risks.

  • Saudi Arabia ranks third in global AI policy review, behind US, UK

    Saudi Arabia has been ranked third globally in the Organization for Economic Co-operation and Development’s AI Policy Observatory, behind the US and the UK.Al-Ghamdi added that the Kingdom’s AI Ethics Early Adopters initiative and the International Center for AI Research and Ethics were vital in enhancing trust in AI products and establishing ethical standards for AI practices and services. He said that ICAIRE, which is based in Riyadh and sponsored by UNESCO, had been selected as a regional and global partner for advancing the AI ethics agenda. Al-Ghamdi added that UNESCO had praised Saudi Arabia’s advances in the AI sector as part of a recent report evaluating countries’ readiness to adopt AI in accordance with ethical values and international standards.

  • Saudi Arabia hosting World Cup 2034 will harm climate, experts say

    As the newly named host of the 2034 World Cup in men's soccer, Saudi Arabia says it will construct or renovate 15 stadiums, create a futuristic city and expand airports in a massive build-out to accommodate millions of athletes, coaches and spectators. That will emit tons of planet-warming greenhouse gases as concrete and steel are manufactured and transported, diesel-powered excavators and trucks move material, and new buildings are powered and cooled. When all the emissions associated with the world's buildings are grouped together, they are the largest contributor to climate change.