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  • Saudi Announces New Benefits for Soldiers and Government Workers to Offset Fiscal Reform Measures
     

    Saudi Arabia announced new royal decrees to alleviate economic pain from new austerity measures taken as part of reforms meant to wean the Kingdom’s economy off of oil. After a week that saw Saudis frustrated on social media over price hikes on gasoline and power, as well as the introduction of a Value Added Tax (VAT), […]

     
  • First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
     

    Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]

     
  • Saudi Aramco, Partners Launch Offshore Focused Shipyard at Ras Al-Khair Industrial City
     

    Saudi Aramco and partners announced a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil. Along with UAE-based Lamprell, the National Shipping Company of Saudi Arabia (Bahri), and South Korea-based Hyundai Heavy Industries, Saudi Aramco says the shipyard will be focused on […]

     
  • Two Top Officials in Crackdown Sweep Return to Public Eye
     

    Two top officials detained in last year’s crackdown on corruption in Saudi Arabia have returned to the public eye following settlement payments, according to reports. Prince Miteb bin Abdullah, former head of the Saudi national guard and son of the late King Abdullah, was photographed alongside Crown Prince Mohammed bin Salman at a horse race […]

     
  • ‘Largest Ever’ Budgeted Expenditure for Saudi Arabia in 2018 as Kingdom Looks to Propel Growth
     

    Government officials unveiled Saudi Arabia’s largest budgeted expenditure ever as the Kingdom looks to propel economic growth following two years of reduced spending. Compared to previous years, the budget is expansionary. Saudi Arabia will spend SR88 billion ($23.5 billion) more in 2018 compared with 2017. The announcement was made at a press conference at which Finance Minister Mohammed […]

     
  • Yemen’s Houthis Fire Another Ballistic Missile at Riyadh
     

    Saudi Arabia said it intercepted a Yemeni rebel missile over Riyadh on Tuesday as residents reported a “loud boom” that shook buildings in the Saudi capital. It was the second Houthi missile attack on Riyadh in the past two months. “Ballistic missile intercepted over Riyadh,” the Coalition battling Yemen’s Houthi rebels said in a statement. […]

     
  • Saudi 2018 Budget will be ‘Expansionary’ after Two Years of Tight Spending
     

    Saudi Arabia’s budget will be announced tomorrow and will include a “focus on expansion, development and investment” according to comments made on Al-Arabiya TV by a Saudi finance ministry official, and reported in Reuters. “If there was to be a title for the 2018 budget, it would be the budget of expansion and development and […]

     
  • Ambassador Haley Gives Dramatic Presentation of Alleged Iran-Made Weaponry Recovered from Regional Battlefields
     

    US envoy to the United Nations Nikki Haley made a presentation at Bolling Air Force base in Washington, D.C. to provide evidence that Iran had supplied short-range ballistic missiles to Houthi rebels in Yemen which were then fired at Saudi Arabia. Department of Defense (DOD) officials accompanied Haley for the presentation, which was made against a dramatic backdrop of broken […]

     
  • Nearly $20b in Stimulus for Saudi Economy in 2018
     

    Saudi Arabia has unveiled a stimulus package to begin next year with money to support housing construction as well as fee waivers for small businesses. Saudi Arabia’s King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year (2018), and 200 billion […]

     
  • Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
     

    Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]

     

MUST-READS

  • Hosting FIFA World Cup 2034 a game-changer for RSL and Saudi Arabia

    With the carrot of the FIFA World Cup in 2034 now officially on the horizon – Saudi Arabia were on Wednesday confirmed as hosts - football in the Kingdom will never be the same again. First, is the physical transformation already set in motion. For the 48-team showpiece, Saudi Arabia will utilise 15 stadiums, 11 of which will be new builds. The impact this will have on the RSL will be remarkable, as teams begin to play in some of the most breathtaking and technologically advanced arenas anywhere in the world. And, from a football perspective, hosting the tournament will be a complete game-changer. The RSL was already on a path towards an exciting new future, but staging arguably the foremost sporting event will turbocharge that development, especially among local Saudi talent.

  • Trump’s envoy meets Saudi Crown Prince MBS

    President-elect Trump's Middle East envoy Steve Witkoff visited Saudi Arabia on Wednesday and met Crown Prince Mohammed Bin Salman (MBS), two sources with knowledge of the meeting told Axios. Witkoff's trip to the region was part of a series of engagements Trump's advisers had with Middle East leaders in recent weeks. Trump's Middle East adviser and in-law Massad Boulos was also in the region this week and met in Doha with the prime minister of Qatar, a source with knowledge of the meeting said.

  • How the future job market in Saudi Arabia will evolve

    In his outlook on the future job landscape in the kingdom, the expert singled out sectors related to artificial intelligence, information technology, cybersecurity, renewable and sustainable energy, as well as energy-related engineering fields, including mechanical and electrical engineering, given the significant focus on infrastructure and sustainability projects. With the emphasis on improving health care, the demand for various health specialisations, including general medicine, nursing, and related technologies, will continue to grow. Moreover, tourism stands out as one of the most promising sectors for job creation in the kingdom, noted Al Dhiyabi.

  • Negotiators fail to secure drought deal at Saudi-hosted UN talks

    The 12-day meeting of parties to the United Nations Convention to Combat Desertification (UNCCD), known as COP16, concluded early on Saturday morning, a day later than scheduled as parties tried to hammer out a deal. A press release on Saturday said the parties -- 196 countries and the European Union -- had "made significant progress in laying the groundwork for a future global drought regime, which they intend to complete at COP17 in Mongolia in 2026". The Riyadh talks came after the partial failure of biodiversity talks in Colombia, the failure to reach a UN deal on plastics pollution in South Korea, and a climate finance deal that disappointed developing nations at COP29 in Baku, Azerbaijan.

  • Backing Saudi World Cup bid ‘wasn’t a difficult decision’, says FA chair

    England's FA decided to back Saudi Arabia's bid to host the 2034 World Cup after being reassured by answers they received from the Saudi Arabian Football Federation (SAFF) during a meeting last month, chair Debbie Hewitt said on Friday.  Global soccer governing body FIFA officially awarded the World Cup to the Kingdom on Wednesday, with the sole bid for the tournament confirmed by acclamation. A number of rights organisations strongly criticised FIFA after the announcement, pointing to Saudi's human rights record.

  • UK-Saudi Partnership: Advancing Clean Hydrogen and Sustainable Energy Growth

    The United Kingdom and Saudi Arabia have reaffirmed their commitment to advancing sustainability, with a strong emphasis on clean hydrogen technologies, as part of a broader effort to deepen their economic partnership. During an official visit by UK Prime Minister Sir Keir Starmer to Saudi Arabia, both nations outlined an ambitious agenda aimed at achieving sustainable growth and addressing global challenges.

  • Parsons wins $53M contract for roads project in Riyadh

    US-based Parsons Corp. won a $53 million, three-year contract from the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its main and ring roads program. Under the contract, the NYSE-listed global infrastructure engineering consultancy firm will be the PMO for all new major road development programs in Riyadh, providing overall management and control of construction activities.  The program includes 500 km of new and improved road corridor works. It mainly aims to keep the city moving during construction and meet the requirements associated with the growth plans for Riyadh, including tackling congestion and hosting global events such as the Expo 2030 and FIFA World Cup 2034.

  • Syria is the Middle East’s Hinge, but Which Way Will It Turn?

    Whatever happens in the region tends to depend heavily on what happens in, about, and to Syria. So, the outcome of the regime’s fall is of extreme importance to the Middle East and the global powers interested in it. These include not only the United States but also Russia, which was the Assad regime’s primary global backer, and China, which gets most of its outside energy from the Persian Gulf and ships much of its manufactured exports through the Red Sea and Suez Canal. But the importance of Assad’s fall begins with, and falls mainly upon, the Syrians. They are suddenly free of a stifling and incredibly brutal dictatorship which all but destroyed the country in its vain effort to remain in power despite the rebellion which erupted during the 2011 Arab uprisings.

  • Economic feasibility of hydrogen transportation network in Saudi Arabia

    Hydrogen is a promising, clean, and adaptable fuel source, making it a key player in the world's sustainable energy movement. However, safe and economical transportation and storage of hydrogen remains a challenge. This study investigates the economic feasibility of establishing a hydrogen transportation network in Saudi Arabia to facilitate the transition to a hydrogen-based economy and reduce carbon emissions.

  • Movie Stars Will Visit Saudi Arabia. Will They Work There?

    Over the past two weeks, dozens of movie stars, filmmakers and Hollywood executives visited Jeddah, a metropolis on the west coast of Saudi Arabia, for the fourth edition of the Red Sea Film Festival. Vin Diesel and Emily Blunt received awards at the opening ceremony. Spike Lee and Minnie Driver served on the jury. Agents from CAA and WME spoke on panels alongside executives from production outfits such as Fremantle and Anonymous Content. While Wall Street, Silicon Valley and some in Hollywood have been tapping Gulf money for some time, Saudi Arabia has emerged as a hub of financing and production in just the past few years. The state-backed Public Investment Fund has already invested billions in video games and sports, and the country is now offering generous incentives — a rebate of about 40% — to film in Saudi Arabia.