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Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]
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New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]
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‘Saudi Arabia is among our closest counterterrorism partners’ CIA Chief Brennan Says
Director of the CIA John Brennan said that Saudi Arabia is “among our closest counterterrorism partners” at an event at the Brookings Institution yesterday. Brennan pointed to the enemies that both the United States and Saudi Arabia share, including the Islamic State and al-Qaeda terrorists. “The Saudi government and leadership today has inherited a history whereby there […]
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Aging Population, Pension System May Pressure Saudi Fiscal Policy, S&P Says
Saudi Arabia’s population could put greater pressure on the Kingdom’s fiscal policy and increase government debt as it ages over the next three decades, ratings agency Standard & Poor’s has warned. Saudi Arabia’s population is disproportionately young now, with over 70% of all Saudis under 30 years old. But even the smaller percentage of the population […]
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Millions Worldwide Celebrate Eid Al-Fitr, End of the holy month of Ramadan
Millions of Muslims worldwide celebrated the festival at the end of the holy month of Ramadan on Wednesday as the three-day Eid al-Fitr festival began. Eid al-Fitr festival traditionally means family gatherings and the exchange of gifts and a feast after a month of fasting from dawn until dusk. Despite two deadly terrorist attacks in […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Mohammed Bin Salman Departs U.S. for France, Sends Cable Thanking U.S. and Obama for Hospitality
Saudi Deputy Crown Prince Mohammed bin Salman sent a cable of thanks to US President Barack Obama on Sunday as he concluded his visit to the United States. “I am pleased as I am leaving your friendly country after the end of my official visit to extend to Your Excellency my deep thanks for the […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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MUST-READS
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3 major Saudi hotels to open in 2024
Inspired by the nation’s rampant tourism boom, Saudi Arabia is gearing up for another important year in hospitality with the spotlight focused a new array of versatile hotel unveilings set in 2024. Take a look at the big names due to open in the Kingdom in 2024.
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Saudi’s Neom announces Zardun eco-tourism resort
Another resort, this time named Zardun, has been announced by Neom – northwest Saudi Arabia‘s $500 billion tourism destination. Zardun is described as a luxury eco-tourism resort. It overlooks the waters of the Gulf of Aqaba and is designed “to redefine luxury within an environmental context”, Neom said in a press release. Zardun will have three boutique hotels, offering a total of 100 rooms and suites. Each hotel will have a different theme. It will also contain a state-of-the-art experience centre with a 360-degree observation deck.
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Salman Khan shares epic group photograph from Saudi Arabia’s Joy Awards, poses with John Cena, Anthony Hopkins and Alia Bhatt
Salman’s fans are going gaga over the post. A user wrote, “Wow !! JOHN CENA AND SALMAN KHAN IN SAME FRAME ❤️,” while another fan wrote, “@beingsalmankhan one of the greatest actors in cinema history. I feel proud to be in a world with Salman Khan in it ❤.”
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Saudi Drift Championship
Drag racing is a type of motor racing in which automobiles or motorcycles compete, usually two at a time, to be first to cross a set finish line. The race follows a short, straight course from a standing start over a measured distance, most commonly 1⁄4 mi
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Saudi Arabia calls for separate Palestinian state, rejects Israeli self-defense claim
Saudi Arabia calls for the creation of an independent Palestinian state to protect the rights of the Palestinian people, the Kingdom’s deputy foreign minister said during the United Nations Security Council debate as he urged the council to take a firm stance against Israeli military occupation in the region. According to reports from the official Saudi Press Agency (SPA), Saudi’s Vice Foreign Minister Waleed el-Khereji on Wednesday condemned the forced displacement of Palestinians and rejected Israel’s statements of self-defense as an excuse to continuously bomb Gaza, leading to mass displacement in the besieged enclave.
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International firms rush for local licences as Saudi Arabia amends Code of Law Practice
The changes, which were first published in June and came into effect in December, require foreign law firms to obtain their own licence to operate as a branch office or as a joint venture with local lawyers, with the latter needing to own at least 25 per cent of the partnership.
Additionally, two partners from the law firm must live in Saudi Arabia for a minimum of 180 days a year, while 50 per cent of the firm’s lawyers in the country must be Saudi nationals. -
Luxury Ecotourism In Saudi Arabia Takes A Major Step Forward With Zardun
Overlooking the crystalline waters of the Gulf of Aqaba, Zardun is a nature-based resort that will host four ultra-luxury signature buildings, all of which will merge harmoniously with the surrounding landscape. Intended to redefine luxury within an environmental context, Zardun aims to offer the ultimate premium ecotourism experience for discerning guests. Covering an impressive four square kilometers, Zardun will be a carefully restored haven filled with native plants and animals. Stretching down from the mountains to the seashore, its breathtaking beauty will be experienced on arrival by visitors at its state-of-the-art experience center, which includes a 360-degree observation deck.
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The US and Iran are dangerously close to confrontation in the Middle East. Here’s where they both operate
So far, the US and Iran have avoided directly confronting each other. The US has attacked Iranian-backed groups in Yemen, Syria and Iraq, while Iran-linked groups have targeted American personnel in Iraq and Syria. Tehran has also struck what it said were anti-Iran groups in Iraq, Syria and Pakistan. Pakistan responded with retaliatory strikes.
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New US envoy to Egypt lauds Cairo’s role in fighting for Middle East peace
America’s new ambassador to Egypt has praised the decades of “courage” shown by Cairo in fighting for peace and stability in the Middle East. And Iraq-born Herro Mustafa Garg pledged the US’ ongoing support for Egyptian efforts to bring about an end to regional conflict and broker a two-state solution for the people of Palestine and Israel. In a video posted on the US Embassy’s social media page, the envoy highlighted “the courage and conviction shown by Egypt’s leaders 45 years ago (signing the Egypt-Israel peace treaty) in giving priority to peace over conflict, elevating common understanding over violence, and investing in prosperity over strife.”
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Financier Entrusted With Middle East Billions Attempts Comeback
Home to sovereign wealth funds that control over $4 trillion in assets, the Middle East is central to Misra’s plans. Five of the ten most active state-backed entities in 2023 were from the Gulf, even as global peers pulled back — the PIF alone spent $31.6 billion.
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