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Difficult Times for the Saudi Binladin Group
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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As President Obama Heads to Saudi Arabia, Economic Cooperation and Enhanced Bi-Lateral Security Will be on Agenda
As President Obama heads to Saudi Arabia next week to meet with HRH King Salman and attend a GCC summit, familiar topics as well as new issues will be on the agenda for the President’s 3rd official visit to Saudi Arabia and second meeting with King Salman since September. Along with long-standing regional and security concerns that require U.S.-Saudi […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Crown Prince Mohammed bin Naif Joins Twitter
Following the lead of King Salman and other top Saudi government officials, Saudi Arabia’s Crown Prince has joined the social microblogging website Twitter using the handle @M_Naif_Alsaud. The Crown Prince chairs the Council of Political and Security Affairs (CPSA) and is Minister of Interior of Saudi Arabia. His first tweet, sent on April 5, 2016 […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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Saudi Arabia taking ‘unprecedented hands-on role in housing finance and development’
Saudi Arabia’s housing minister Majed al-Hogail gave an interview with Bloomberg last week in which he discussed the government’s plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending for Saudis. “‘We are looking to improve the productivity of the local developers’ but also trying to attract international […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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Saudi superstar Mishaal Tamer is set to wow crowds in Riyadh
Mishaal Tamer’s journey took an unexpected turn when he became the first Saudi student at the prestigious Clive Davis Institute of Recorded Music in New York. Using his Xbox and guitar, he started anonymously uploading clips onto the internet, some of which went viral overnight. This digital success caught the attention of major record labels, who eventually signed with him. Brands like Bulgari recognised his talent, featuring him in various campaigns.
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How to invest in Saudi Arabia stock market – all you need to know
There are several ways one can invest in the stock markets in the country and increase their wealth over the years of residency – Equities, Sukuk & Bonds, Exchange-Traded Funds (ETFs), Real Estate Investment Trusts (REITs), Close-End Investment Funds (CEFs) and Derivatives.
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Iran’s ‘brazen’ strikes around the Middle East send a message to Israel and the U.S., analysts say
“While incitement against Israel is nothing new, its recent launch against ISIS in Syria of a solid-propellant medium-range ballistic missile capable of striking Israel from Iranian territory was a historic first and a message to the Jewish state,” Behnam Ben Taleblu, senior fellow at the Foundation for Defense of Democracies think tank in Washington D.C.
“Highlighting military power in the hopes of deterring adversaries has grown in importance for the regime as wars widen across the region.” -
World’s Most Ambitious Trade Route Stalls in Mideast Turmoil
The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor — a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.
That’s a setback for US strategy, because the plan served multiple purposes – to counter China’s Belt and Road infrastructure program, build influence in the so-called “Global South,” and speed up the hoped-for rapprochement between Israel and Saudi Arabia.
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Middle East Sector Outlooks Reflect Geopolitical Risk, Oil Assumptions
The Israel-Hamas war has increased geopolitical risks and set back the previous trend of regional de-escalation, which is reflected in the deteriorating sovereign sector outlook in the Middle East, Fitch Ratings says. The neutral outlooks for other sectors reflect high oil price assumptions and supportive economic conditions.
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Saudi Arabia emerging as a ‘continent in itself’ with array of tourist destinations, forum hears
While Saudi Arabia “was, is, and will always be” known for Makkah and Madinah, with billions of Muslims converging in the nation for religious purposes, it is simultaneously evolving as a growing destination site globally, with giga-projects spearheading the Kingdom’s shift, highlighted Mohamad Itani, a partner at Knight Frank.
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IBM inaugurates regional Saudi headquarters in Riyadh
Krishna said that the investment in Saudi Arabia reinforces the firm’s longstanding commitment to the Kingdom. IBM first established its presence in Saudi Arabia in 1947, and has since worked on hundreds of projects in the government and private sectors. In recent years, IBM has worked with government, businesses and partners to help enhance the Kingdom’s tech landscape, including the local digital infrastructure, tech ecosystem and Saudi talent.
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Neom: A guide to the 10 projects in Saudi Arabia’s mega-development
Ever since The Line hit international headlines, there has been huge interest in this $500 billion city in north-west Saudi Arabia.
From the world's largest megastructure to the region's first major outdoor skiing destination, there's plenty to look forward to. And there has been a flurry of new communities announced within the past few months.
Here's a review of all the regions coming up.
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All about Saudi Founding Day
Saudi Founding Day or just Founding Day is all about celebrating Diriyah becoming the capital of the First Saudi State in 1727. Introduced in 2022, the holiday involves fireworks, drone shows, and people dressed in traditional outfits of their region. Folklore dances are an integral part of the Saudi national celebrations as well and you can find street performers on most major streets of the capital.
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French Rafale ‘Dogfights’ Eurofighter Typhoon For Lucrative Saudi Fighter Contract
The Dassault Rafale is a twin-engine multi-role aircraft that can carry out air-to-air combat or can drop bombs on targets in air-to-ground missions, and owing to its cameras, radars, and sensors, can be used for intelligence gathering. The French fighter jet has already been deployed in Afghanistan, Libya, Iraq, Syria, and Mali, where it flew its most extended mission in 2013, spanning nine hours and 35 minutes.
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