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  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
     

    A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • ‘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 […]

     
  • 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 […]

     
  • 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 […]

     
  • ‘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 […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia poised for new Aramco share sale -sources

    Saudi Arabia is poised to sell more shares of energy giant Aramco, three people familiar with the matter said, which could boost the country's funding and its aim to wean the economy away from oil. The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, one of the people said, which could take place in the second or third quarter of this year, a second person said. The share sale could raise about $20 billion, according to Bloomberg, which first reported the news.

  • From robots to gliding bombs, Saudi Arabia showcases growing domestic defence trade

    “Even for college now we have new different streams for women, developing their talents and making them ready to work in the military industry,” Khawlah Alshmmari, vice president of human resources at the National Company for Mechanical Systems, told The National. NCMS has a large stand at the expo, showcasing everything from the high-tech weaponry – the unmanned armoured vehicle turret the Moreb 30, which can carry 30mm or 40mm canons that rapidly fire explosive shells – to less advanced but essential items including artillery shells currently in a large global demand.

  • Rystad Energy Analyzes Saudi Arabia’s Pause in Oil Capacity Expansion Amid Market Uncertainty: Implications for Offshore Projects and Supply Stability

    Saudi Aramco’s focus on offshore oil and gas expansion projects, including the Dammam and Berri, Marjan, and Zuluf developments, underscores its commitment to meeting production targets. However, the revised mandate necessitates a reevaluation of future investments, with potential implications for projects like Safaniya and Manifa. The decision also has implications for the composition of Saudi Arabia’s oil mix, as increased offshore volumes are expected to lead to a greater share of heavy grades. This shift underscores the importance of offshore expansion to maintain the country’s overall production levels.

  • The Race to Make This Dying U.S. Lake the ‘Saudi Arabia of Lithium’

    California’s toxic Salton Sea has enough lithium to make the U.S. self-sufficient in the mineral, which is a key component of rechargeable batteries. WSJ explores the tech being developed to extract it—and what it means for the future of domestic production

  • Exploring the unseen: Desert X AlUla uncovers beauty of Saudi Arabia’s desert canvas

    Contemporary art finds a gallery amid the dunes of Saudi Arabia’s ancient city as Desert X AlUla returns to the Kingdom for its third edition on Friday. Running until March 23, the event will feature 15 commissioned artworks exhibited under the curatorial vision of Maya El Khalil and Marcello Dantas, with artistic direction from Raneem Farsi and Neville Wakefield.

  • Biden says Gaza fighting ‘over the top,’ pushing for a pause

    U.S. President Joe Biden on Thursday suggested that Israel's military response in Gaza has been "over the top" and said he is seeking a "sustained pause in the fighting" to help ailing Palestinian civilians. "I'm of the view, as you know, that the conduct of the response in the Gaza Strip has been over the top," Biden told reporters at the White House. He added that he has been pushing for a deal to normalize Saudi Arabia-Israel relations, increased humanitarian aid for Palestinian civilians and a temporary pause in fighting to allow the release of hostages taken by Hamas. "I'm pushing very hard now to deal with this hostage ceasefire," Biden said. "There are a lot of innocent people who are starving, a lot of innocent people who are in trouble and dying, and it's gotta stop."

  • Houthi negotiator says Red Sea attacks won’t deter Yemeni peace, praises Saudi ‘brothers’

    Mohammed Abdulsalam, chief negotiator and spokesperson of the Houthis, says that the recent meeting of the Sanaa delegation with Saudi Arabia officials has “resulted in overcoming the most important obstacles facing the roadmap” to peace. These solutions were in line with those championed by the UN envoy to Yemen, Hans Grundberg, said Abdulsalam in a wide-ranging interview with Asharq Al-Awsat on Thursday. Abdulsalam had previously called Saudi Arabia officials his “brothers” in a statement to Asharq Al-Awsat in January. He did so again on Thursday, and answered questions about peace initiatives, attacks in the Red Sea and regional and international relations.

  • The Undertaker Attends Soccer Game In Saudi Arabia, Presents Riyadh Season Cup Trophy

    One WWE Hall of Famer who will definitely not be participating in this evening’s WrestleMania 40 Kickoff press conference is The Undertaker. The Deadman made a surprise appearance in Saudi Arabia earlier today at the soccer game between Al-Hilal and Al-Nassr. The Undertaker presented the winners of the game with the Riyadh Season Cup Trophy. Al-Hilal won the game 2 to 0.

  • NPR: Why Saudi Arabia is building a new city in the desert

    For decades, Saudi Arabia's economy has been defined by its abundant oil reserves. Its ability to influence global oil supply propelled Saudi Arabia to one of the richest countries in the world. The Saudi royal family became important players on the world stage. However, waning dominance in the oil market is forcing the Saudi government to think differently about its reliance on the commodity. Today on the show, we explain Saudi Arabia's fantastical vision for its future and how the government is using its present influence in the oil market to fund it.

  • Opinion: Unless Biden exerts real pressure on Israel, Saudi Arabia will not normalize relations

    The Biden administration has for some time sought to dangle the prospect of Saudi recognition of Israel as part of an Israeli-Hamas cease-fire agreement that would also involve the terrorists’ freeing of Israeli hostages. It has been widely assumed that if Riyadh recognizes the Jewish State, it would do so under the umbrella of the Abraham Accords. For its part, the White House has made no attempt to dispel that assumption. Indeed, the administration initially appointed Daniel Shapiro, a former ambassador to Israel, as special envoy for the accords (he has since taken the slightly lower-ranking position as Deputy Assistant Secretary of Defense for the Middle East).