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  • UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
     

    The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]

     
  • Citigroup Saudi Arabia to be ‘Fully Operational’ in 1Q 2018
     

    Citigroup will be “fully operational” in Saudi Arabia in the first quarter of 2018 after an absence of more than a decade, according to reports, as it seeks to capitalize on opportunities in debt and equity capital markets. The new business will be branded as Citigroup Saudi Arabia and will offer a full range of investment banking, debt […]

     
  • Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
     

    Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]

     
  • Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
     

    Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]

     
  • Saudi Arabia Takes Significant Step Toward Formal Tender for Peaceful Nuclear Power Plants
     

    Saudi Arabia has sent a request for information (RFI) to international suppliers to build two nuclear power plants, a first step towards a formal tender, three sources told Reuters. Saudi Arabia has announced plans to extract uranium domestically as part of its nuclear power program and will start building its first nuclear reactors next year. Extracting […]

     
  • Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]

     
  • Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
     

    Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]

     
  • Goldman Sachs Head Lloyd Blankfein Visits Saudi Arabia, Calls Changes in Kingdom ‘Striking’
     

    Goldman Sachs Group’s CEO visited Saudi Arabia this week and praised the Kingdom’s reform efforts on Twitter, calling the progress in Saudi Arabia “striking.” Lloyd Blankfein visited Saudi Arabia after speaking on a panel with the managing director of Saudi Arabia’s sovereign wealth fund, Yassir Al-Rummayan, on September 20th. In comments on that panel, Blankfein said Saudi […]

     
  • With Historic Decree on Saudi Women Driving, An Economic and Social Game-Changer
     

    Saudi women and champions of equal rights around the world embraced a decision by Saudi Arabia’s King Salman to allow women to drive for the first time, a landmark royal decree that will change the Kingdom’s economy and society in countless ways. Saudi Women will now be able to legally apply for their own driving licenses without having to secure […]

     
  • ‘NTP 2.0’ Keeps Key Policies and Privatization Plans in Place, Report Says
     

    Revision to Saudi Arabia’s National Transformation Plan (NTP), dubbed ‘NTP 2.0’ that was released a year ago will keep key policies of fiscal reforms and a massive privatization program in place, sources familiar with the matter told Reuters. “It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly […]

     

MUST-READS

  • Could Trump’s re-election derail the Saudi-Iran rapprochement?

    Addressing the Organization of Islamic Countries (OIC) and the Arab League at the Riyadh Summit this month, Crown Prince Mohammed Bin Salman also underscored the international community’s responsibility to respect Iran’s sovereignty, a drastic shift from just eight years ago when both countries cut diplomatic relations. Riyadh and Tehran’s recent reconciliation is a product of both states’ pragmatic approach to realising their respective national and regional goals. Saudi Arabia’s ambitious Vision 2030 hinges on a stable and secure wider regional environment which would not be achieved under sustained tensions between Riyadh and Tehran.

  • STC shifts narrative around the Saudi lost generation

    STC, a tech and digital enabler in Saudi Arabia, has unveiled its latest campaign for the “Sawa” prepaid packages, reflecting the evolving spirit of today’s youth. Developed by VML Riyadh, the campaign, titled “For every vibe, there’s sawa,” aims to redefine perceptions around the young generation often labelled as indecisive or “جيل ضايع” (lost generation). Firas Ghamman, Executive Creative Director at VML Riyadh, explained the campaign’s vision: “We’re not just shifting perceptions of this generation, we’re celebrating their freedom to change their minds from one day to the next. They say this generation is lost, we say they’re constant explorers. With Sawa, they can explore without limits.”

  • Saudi minister highlights nation’s leadership in digital innovation and AI during G20 Summit

    Speaking on the sidelines of the opening day of the G20 Leaders’ Summit in Brazil, the Kingdom’s minister of communications and information technology, Abdullah Al-Swaha, highlighted Saudi Arabia’s efforts to drive economic growth and productivity through the adoption of AI technologies. He also underscored the nation’s achievements in its efforts to empower women and youth in the technology sector, noting that participation by women increased from 7 percent in 2018 to 35 percent in 2024.

  • Facing the Storm: Gulf States Build Climate Resilience

    The Gulf region, which is one of the world’s most water-stressed areas, has recently been exposed to frequent extreme rainstorms and floods. In April, severe rainstorms swamped the UAE, Bahrain, Qatar, Saudi Arabia, and Oman. At least 21 people lost their lives in Oman and four in the UAE. In Dubai, rainfall on April 15 broke a 75-year record for daily precipitation, forcing Dubai International Airport – the world’s second busiest – to cancel hundreds of flights.

  • First EU-GCC Summit Charts Course for Strategic Partnership

    On October 16, the European Union and the Gulf Cooperation Council held their first-ever summit. The meeting in Brussels, Belgium gathered leaders and representatives of the two organizations and respective member states at a critical juncture in the interinstitutional relations between the two blocs. The GCC region has rarely topped the EU strategic agenda. However, the acknowledgment of the growing interdependency between the two blocs showcased by global crises, such as the coronavirus pandemic and Russia’s war on Ukraine, and the rising diplomatic role of the Gulf Arab countries in global affairs have prompted Brussels to step up political engagement with the GCC. From a Gulf standpoint, the renewed resolve of GCC countries to diversify partners in a world order tilting toward multipolarity, coupled with the reconciliation after the 2017-21 Gulf crisis, has injected new life into the GCC project, strengthening the bloc’s standing as a meaningful institutional interlocutor.

  • Secretary Blinken’s Meeting with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

    Secretary of State Antony J. Blinken met today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud in Rio de Janeiro on the margins of the G20 conference. The Secretary and Foreign Minister discussed efforts to end the war in Gaza, secure the release of hostages, and advance governance and security. The Secretary and Foreign Minister also discussed ongoing efforts to reach a diplomatic resolution to the conflict in Lebanon that fully implements United Nations Security Council Resolution 1701 and allows citizens on both sides of the border to return to their homes. The Secretary underscored U.S. efforts to increase the delivery of humanitarian assistance in Gaza and Lebanon and expressed appreciation to the Foreign Minister for Saudi Arabia’s efforts to provide aid.

  • Launch of the Kering Generation Award in Saudi Arabia, a strategic market for luxury

    This Monday, November 18, in Riyadh, marks the start of the competition organised by the luxury group Kering and the Saudi Fashion Commission to reward the most promising start-ups in the field of the circular economy. During the first phase, the 20 selected start-ups will be supported in a three-day boot camp and will participate in workshops designed to encourage their development. A second phase will select the ten best proposals, which will be assessed by a panel of judges on the basis of their capacity to innovate, their relevance to fashion and sustainability, their potential impact on the environment and society, and their commercial viability.

  • Saudi Arabia bans commercial use of symbols and logos of other countries

    Saudi Minister of Commerce Dr. Majed Al-Qasabi issued a decision banning the commercial use of symbols and logos of countries, as well as religious and sectarian symbols and logos. This is aimed at preventing the abuse or misuse of these symbols and logos. The ministry had previously announced the ban on using Saudi Arabia’s flag, which includes the name of God, the word of monotheism, the state emblem (the two swords and the palm tree), and pictures of the leadership and officials and their names in commercial transactions, including “printed materials, goods and products, media bulletins, special gifts, and others.”

  • EU must put pressure on Israel over Gaza war, Borrell says

    he European Union's top diplomat on Monday confirmed he would suggest to members of the bloc that the EU pauses its political dialogue with Israel, citing the country's conduct of the war in Gaza. "Many people tried to stop the war in Gaza... this has not happened yet. And I don't see a hope for this to happen. That's why we have to put pressure on the Israeli government, and also, obviously on the Hamas side," Josep Borrell told journalists ahead of an EU meeting.

  • Hezbollah media head killed in Israeli strike on Beirut, security sources say

    Lebanese armed group Hezbollah confirmed its media relations chief Mohammad Afif was killed by an Israeli strike on a building in central Beirut on Sunday. Israel has rarely hit senior Hezbollah personnel who do not have clear military roles, and its air strikes have mostly targeted Beirut's southern suburbs where the group has its heaviest presence. Israel's military, which earlier declined to comment, issued a statement late on Sunday reporting it had "eliminated" Afif. The Lebanese health ministry said the strike had killed one and injured three.