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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 […]

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • New Homeland Security Decision Allows Saudi Students to Stay in U.S. for 3 Years By Getting On the Job Training
     

    The United States Department of Homeland Security (DHS) recently published a new rule allowing F1 students the opportunity to stay in the country longer “by getting training on the job at some companies for a period of 36 months,” according to a report in Arab News and information posted to the DHS website. According to DHS, […]

     
  • What Will Be Saudi Arabia’s Next Tourist Destination?
     

    Saudi Arabia’s King Abdullah Economic City (KAEC) attracted more than 100,000 visitors last year, a sign that the planned mega city about 100 miles north of Jeddah on the Red Sea might become Saudi Arabia’s next domestic tourist destination. Although Saudi citizens typically flock to Dubai, Bahrain, or elsewhere abroad for leisure trips, that might […]

     
  • In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
     

    Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]

     
  • Surge in Flights from Saudi Airports as Kingdom’s Aviation Sector Booms
     

    Saudi Arabia’s airports have seen a “substantial growth in international traffic” as the number of international flight services from the Kingdom’s airport surges 50% since last year. The number of international flight services from the domestic airports jumped by 51.5 percent to 26,361 at the end of 2015 from 17,405 in 2014, according to a […]

     
  • Construction Payment Delays Draw International Attention, Report Says
     

    Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]

     

MUST-READS

  • Saudi Arabia’s capacity U-turn was months in the making

    Saudi Arabia's surprise reversal of its oil expansion plan was at least six months in the making and spurred by uncertainty over the market's need for additional spare capacity, an industry source told Reuters on Wednesday. State oil giant Aramco (2222.SE), opens new tab was ordered by the Saudi energy ministry on Tuesday to halt plans to boost its maximum sustainable capacity to 13 million barrels per day (bpd), returning to the previous 12 million bpd target. "I think price management is the priority for 2024 and 2025," said a second person familiar with the matter.

  • Neom to tender $8bn community housing PPP deal

    Saudi Arabia’s Neom is preparing to issue the request for proposals (RFP) for a contract to develop the second wave of its public-private partnership (PPP) housing deals for worker accommodation. According to a source familiar with the project, the second-wave community village scheme will include up to 20 villages, each comprising about 10,000 accommodation units. MEED understands the budget for each village could be $400m-$450m, which means the overall project could be worth over $8bn. Each village has a built-up area of 240,000 square metres.

  • 2023 sees new record for US government-to-government arms exports, boosted by Ukraine aid

    Sales of arms and defense gear by the U.S. government to other governments reached $80.9 billion in fiscal 2023, jumping nearly 56% from the previous year to set a new record, the State Department said Monday. The three-year rolling average for Foreign Military Sales exports rose to $55.9 billion for fiscal years 2021 to 2023, up 21.9% from last year’s mark. Notable examples of government-to-government FMS sales notified to Congress in fiscal 2023 include deals with Poland, Germany, Australia, Canada, and others.

  • Riyadh Art: Transforming Saudi Arabia’s Capital

    But Riyadh Art is more than just visual appeal; it's a force for societal transformation. By fostering inclusivity and nurturing a dynamic creative community, it enriches lives, inspires creative expression, and fuels a vibrant creative economy. As the city's walls come alive with colorful narratives, residents and visitors alike find joy, forging a sense of shared identity and civic pride.

  • Tyrrell Hatton joins Jon Rahm’s team with LIV Golf after PGA Tour jump

    Three days before its season opener in Mexico, the LIV Golf League on Tuesday announced the signing of England's Tyrrell Hatton to join Jon Rahm's new team, Legion XIII, the first expansion franchise in the circuit's history. Hatton, the 16th-ranked player in the Official World Golf Ranking, will join Zimbabwe's Kieran Vincent and University of Tennessee sophomore Caleb Surratt on Rahm's team. His squad will be the 13th team in a league that plays 54 holes and has shotgun starts.

  • IEA Cuts Oil Demand Forecast for 2024 but OPEC Remains Bullish

    “At the start of 2024, the risk of global oil supply disruptions from the Middle East conflict remains elevated, particularly for oil flows via the Red Sea and, crucially, the Suez Canal,” the IEA noted in its January 18 report. Strikes by the United States and United Kingdom against the Iran-backed Houthis in Yemen in retaliation for attacks on ships in the Red Sea “have raised concerns that an escalation of the conflict could further disrupt the flow of oil via key trade chokepoints.”

  • Martina Navratilova and Chris Evert accused of ‘turning backs on women’ by Saudi ambassador

    Al-Saud said the pair should "get your facts straight" on matters of Saudi law affecting women and said their arguments were "based on outdated stereotypes and western-centric views of our culture". She added: "Failing to acknowledge the great progress women have made in Saudi Arabia denigrates our remarkable journey. This not only undermines the progress of women in sports, it sadly undermines women, progress as a whole. "Sports should not be used as a weapon to advance personal bias or agendas or punish a society that is eager to embrace tennis and help celebrate and grow the sport."

  • Saudi Arabia hears dozens of countries critique its human rights record at the UN in Geneva

    Saudi Arabia had its record on human rights including freedoms for women, prosecutions for freedom of speech, use of the death penalty and alleged killing of migrants at its border with Yemen critiqued at the United Nations on Monday. In the kingdom’s first formal review at the UN Human Rights Council since November 2018, the Saudi Arabia delegation said more than 50 reforms had since then been passed in favor of women. Delegates were told Saudi Arabia has abolished flogging as a punishment, that minors can no longer be executed, judges are independent and migrant workers are now better protected by law.

  • Commentary: What Will the United States Do after the Drone Strike in Jordan?

    While some sort of U.S. military action this week can be expected, the prospect of the United States brokering another temporary ceasefire in Gaza will remain the main focus of White House efforts. An agreement in Gaza would lower the regional temperature, rebuild cooperation with U.S. allies in the region, and put some wind in the sails of U.S. diplomacy.

  • Hamas studies new Gaza ceasefire proposal

    Hamas said on Tuesday it would study a new ceasefire proposal in the war with Israel in Gaza, hours after Israeli commandos killed three Palestinian militants in a raid on a hospital in the occupied West Bank. The raid underscored the risk of the Gaza war spreading to other fronts, while Israeli forces fought new battles with Hamas fighters in the Palestinian enclave. Clashes in northern Gaza forced more Palestinian residents to flee to safer areas, and southern parts of the coastal enclave were hit by Israeli air strikes.