That work is now imperiled. WTA Tour officials, without adequate consultation with the players who are the very foundation of the sport, are on the verge of agreeing to stage the WTA Finals in Saudi Arabia. This is entirely incompatible with the spirit and purpose of women’s tennis and the WTA itself.
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Saudi Central Bank Announces an ‘Affordable Mortgage’ Program Intended to Boost Housing Sector
Saudi Arabia’s central bank said in a statement it plans to launch an “affordable mortgage” program to finance residential real estate purchases by Saudi citizens, according to reports. Home buyers would be responsible for a down payment of 15 percent of the property’s value, and commercial banks would supply a further 70 percent. An additional […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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State Department Approves $200m Services Contract Request from Saudi Arabia which will ‘Increase U.S. – Saudi Arabia Military Interoperability’
The State Department has approved a request for continued support services to Saudi Arabia at an estimated cost of $200 million. According to a release from the Defense Security Cooperation Agency (DSCA), the sale “will enhance the foreign policy and national security objectives of the United States by helping to improve the security of an […]
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Saudi Arabia’s War in Yemen Could Put Pressure on Future European Arms Deals
On February 25th, European Union lawmakers are gearing up for a vote on whether to call for an embargo on weapons sales to Saudi Arabia, according to a report in the Canada-based Globe and Mail. Concern in Europe is mounting over Saudi Arabia’s war in Yemen, and the use of European military equipment sold to […]
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Little Upside in Latest Jadwa Saudi Chartbook
Riyadh-based Jadwa Investment’s latest monthly chartbook overviewing the Saudi economy contains mostly negative economic data on consumer spending, activity, government accounts, and inflation. Economic data for the month of December 2015 indicates a slowdown in activity, and data on consumer spending continued to point to a softening trend, while PMI fell to a record low, […]
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With affordable housing in short supply, new JV set to provide mortgage loans to low and middle-income Saudis
A new joint venture between Saudi Arabia’s Ministry of Finance (MoF) and the Islamic Corporation for the Development of the Private Sector (ICD) has received approval to provide loans to low and middle-income Saudis, in what could be a much-needed boost for access to mortgages in the Kingdom. Bidayaa Home Finance was launched to provide […]
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U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
On January 24, 2016 at the Council of Saudi Chambers of Commerce building the U.S.-Saudi CEO Summit kicks off a focused, high-level private-sector initiative to assess the U.S.-Saudi commercial and business environment in order to enhance bi-lateral trade, investment and cooperation. The Saudi-US Trade Group team is in Riyadh to participate in the inaugural U.S.-Saudi […]
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FM Al-Jubeir: Most Effective Way to Solve Regional Crises ‘Through our close partnership and alliance with the United States of America’
U.S. Secretary of State John Kerry on Thursday stood by ally Saudi Arabia in its widening rift with Iran over the execution of a Shiite cleric while urging the regional rivals to pursue a diplomatic solution, the Associated Press reports. Kerry said Washington stands by its friends, “but we also want to see diplomacy work. […]
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Saudi Aramco Considers IPO, but Scope of Listing Unknown
As Saudi Arabia appears to actively consider a potential IPO for its state-owned oil company, Saudi Aramco, two conflicting reports emerged today about the potential scope of the offering. On Thursday of last week, Saudi Arabia’s deputy crown prince Mohammed bin Salman told the Economist in an interview that he was optimistic about the potential […]
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Saudi Arabia, Hong Kong financial bodies ink MoU at AFF
Saudi Arabia’s Financial Sector Development Program signed a memorandum of understanding with Hong Kong’s Financial Services Development Council on Wednesday at the 17th Asian Financial Forum. The MoU aims to enhance cooperation and exchange experiences in accordance with best practices, the Kingdom’s Ministry of Finance said.
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Opinion: We did not help build women’s tennis for it to be exploited by Saudi Arabia
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Women At Wheel, Cinemas Reopened: 5 Key Reforms Under Saudi Arabia’s Crown Prince
The decision by Saudi Arabia to allow alcohol sales to non-Muslim diplomats, according to two sources, is the latest in a series of reforms aimed at projecting a more open, moderate image. Here are five other headline-grabbing changes implemented in recent years under Crown Prince Mohammed bin Salman, whose reputation was dealt a major blow by the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.
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Saudi influencer highlights Kingdom’s cultural heritage by showcasing beverages
The diversity of Saudi beverages came from the geographical and cultural variations of each region, and the social aspect of preparing and sharing drinks helped visitors and tourists to understand the nation’s history, Al-Issa said.
“Saudis, despite their simple life in the desert, countryside, or distant villages, are always keen to provide hospitality services with all authentic aspects and methods. Coffee is our culture and a great pride to hold onto,” he added. Al-Issa noted that Saudi coffee had become a focal point of local hospitality and traditions, highlighting the culture and identity of regions. -
Saudi Vice Foreign Minister Meets with Spanish State Secretary for Foreign and Global Affairs
Saudi Vice Minister of Foreign Affairs Eng. Waleed El-Khereiji met here today with Spanish State Secretary for Foreign and Global Affairs Diego Martínez Belío, on the sidelines of the UN Security Council open debate on the "Situation in the Middle East". The two officials discussed bilateral relations and ways to further develop them, and other issues of common concern.
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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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