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Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]
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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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MUST-READS
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Saudi Arabia Reveals Grand Ambition to Become a Global Biotech Powerhouse by 2040
Saudi Arabia, another powerhouse in the region, has recently launched a National Biotech Strategy (the Strategy) with an ambition to become MENA’s leading biotech hub by 2030 and a global biotech leader with a far-reaching impact in biomanufacturing and medical innovation by 2040.
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Son faces Saudis, Palestine make history in Asian Cup last 16
The tournament has been whittled down from 24 teams to 16 but trying to predict who lifts the trophy on February 10 looks more difficult than ever. Japan came to Qatar as favourites and looking to win the title for a record-extending fifth time, but they reached the knockout phase as only runners-up in their group behind Iraq. Iraq impressed in deservedly beating Japan 2-1 and along with Iran and Qatar were the only teams to win all three games in the first round. Iraq play Jordan and Iran meet Syria next.
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Saudi Arabia’s AlUla exhibition at the Forbidden City
The exhibition "AlUla, Wonder of Arabia" has kicked off at the Palace Museum in Beijing recently. AlUla is located in the northwestern Saudi Arabia, 1,100 kilometers away from the capital Riyadh. It boasts rich natural and cultural heritage, including the Hegra archaeological site, Saudi Arabia's first UNESCO World Heritage Site. Let's visit the exhibition with Xinhua reporter Sandra Ahmed!
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Saudi’s Seven and Formula E to open karting attractions
Saudi Entertainment Ventures (Seven) has announced its latest partnership, this time with Formula E to launch indoor karting attractions in the kingdom. The Formula E venues will be located in four of Seven’s entertainment destinations across Saudi Arabia, in Riyadh, Jeddah, Dammam and Abha. Each family-friendly attraction will offer adult karts, junior karts, and dual karts, as well as 400-metre-long tracks
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Real Madrid Target Mbappe Still Wanted By Saudi Arabia Confirms Prince
Saudi Arabia is still interested in signing Paris Saint-Germain forward and Real Madrid transfer target Kylian Mbappe, as confirmed by a member of its royal family Prince Abdullah Saad Abdulaziz Al Saud to Carre on YouTube. Mbappe becomes a free agent on June 30, and is expected to join Los Blancos if not extending his contract at the Parc des Princes. The Frenchman was involved in a 2023 tug-of-war with his current Qatari-owned club, which looked to sell him after he sent a letter explaining his intention not to agree fresh terms.
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The best things to experience in Saudi Arabia according to the people who know it
Closed to tourists until recently, Saudi Arabia is still an unknown quantity for many would-be travelers. That’s changing fast. The country reported a 56% growth in international arrivals in 2023 from 2019 pre-pandemic levels, according to the UNWTO. So, where are some of the best places in this emerging tourism destination to go?
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Acciona to bid for Line 7 of Riyadh metro together with Siemens, Samsung and Alayuni, and against FCC and its consortium
Acciona and FCC are part of two consortiums formed to bid for the construction of the new Line 7 of the Riyadh metro in Saudi Arabia, according to sources consulted by the newspaper Expansión. Specifically, Acciona has formed an alliance with Siemens, Samsung and Alayuni. In addition, FCC, as part of the consortium that won in 2013 one of the lots to design and build the first lines of the subway, has been invited to participate in the extension of Line 2. Overall, the investment needed to build the two rail projects amounts to more than €10 billion in the capital investment (capex) phase alone, according to expert estimates, as the authorities have not yet published a baseline budget.
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U.S. Secretly Alerted Iran Ahead of Islamic State Terrorist Attack
The U.S. secretly warned Iran that Islamic State was preparing to carry out the terrorist attack early this month that killed more than 80 Iranians in a pair of coordinated suicide bombings, U.S. officials said.
The confidential alert came after the U.S. acquired intelligence that Islamic State’s affiliate in Afghanistan, ISIS-Khorasan, known as ISIS-K, was plotting to attack Iran, they said.
American officials said the information passed to Iran was specific enough about the location and sufficiently timely that it might have proved useful to Tehran in thwarting the attack on Jan. 3 or at least mitigating the casualty toll.
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Commentary: Were the Saudis Right About the Houthis After All?
Past experience, including with Somali pirates, has shown that attempting to patrol large bodies of water with a limited naval force isn’t enough to suppress piracy. Rather, the cost of such aggression has to be rendered unsustainable for the culprits. The Biden administration is now leading the international demand that the Houthis desist and that the security of international shipping and commerce in this all-important waterway be restored. The Houthis, for their part, appear to be relishing the prospect of a confrontation with the United States. That is, or at least must be made to be, their problem.
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Israeli tanks batter hospital districts in Gaza’s Khan Younis, displaced set to flee southward
Israeli tanks bombarded areas around two hospitals in Gaza's main southern city Khan Younis on Thursday, forcing displaced people into a new desperate scramble for safe shelter, residents said, in an offensive Israel says is targeting Hamas militants.Gaza health officials said at least 50 Palestinians had been killed in Khan Younis in the past 24 hours, including two children in an Israeli air strike that hit a residential home.
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