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  • Saudi Arabia’s PIF Takes Charge of $5b Jeddah Corniche Redevelopment to create “New Downtown”
     

    Saudi Arabia’s Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a “unique tourist, residential and commercial destination” that aims to become the “New Jeddah Downtown.” The PIF will look to add 12,000 housing units as well as shops and other attractions like museums, a cultural and social area, an activities center, […]

     
  • Saudi Arabia Will Remove its Ban on Internet Phone Calls on Thursday
     

    Saudi Arabia will remove its ban on internet phone calls on Thursday, a government spokesman said, in a bid “aimed at stimulating online business as the kingdom looks to boost non-oil revenue,” Reuters reports. The news is sure to be welcomed by the many foreign men and women who travel to Saudi Arabia for business, […]

     
  • New York Times Profiles New Saudi Ambassador to the U.S. Prince Khaled bin Salman
     

    The New York Times published a profile and interview with Saudi Arabia’s new Ambassador to the United States Prince Khaled bin Salman and the significant role the young prince will play in the U.S.-Saudi diplomatic and economic relationship. Prince Khaled, who is brother of the Crown Prince Mohammed bin Salman and son of King Salman, […]

     
  • Al-Falih: Steps Taken by OPEC Have Brought Greater Stability, Further Cuts Eyed
     

    Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources Khalid Al-Falih said he agreed with other OPEC nations to keep all options open in the organization’s push to re-balance world oil markets, “including the possible extension of output cuts beyond next March,” according to reports. According to three emailed statements from his ministry obtained by Bloomberg, steps taken by […]

     
  • Trump, King Salman Discuss Qatar Crisis in Phone Call
     

    U.S. President Donald Trump spoke with Saudi King Salman on Wednesday and urged “all the parties in the Qatar dispute” to find a diplomatic resolution to end the crisis, according to a White House statement. According to a White House readout of the call, President Trump and King Salman “discussed the need to defeat terrorism, cut off […]

     
  • Ambassador Prince Khaled bin Salman Meets with Young Saudis in Tech in California
     

    Saudi Arabia’s Ambassador to the United States HRH Prince Khaled bin Salman met with young Saudi men and women working in Silicon Valley this week, telling the young employees of major U.S. tech firms “I see our future in you. Our leadership is betting on your success,” according to accounts of the meeting. The meeting with […]

     
  • Qatar Welcomes Saudi Decision to Open Border for Hajj Pilgrims
     

    Qatar has responded positively to Saudi Arabia’s decision to open its border with with the Gulf Arab nation for Hajj pilgrims, but also criticized a “politicization” of the key pilgrimage, according to reports. Qatar’s Foreign Minister, Mohammed Bin Abdulrahman Al-Thani, said in a press conference in Stockholm, Sweden that “regardless of the fact that the pilgrimage was prohibited […]

     
  • Rumors Abound Regarding Location(s) of Saudi Aramco IPO Listing
     

    Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, sources familiar with the matter told Reuters in an exclusive report. The report said U.S. disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has proposed a rule change that would allow state-owned companies, such as Saudi Aramco, to […]

     
  • New Saudi City Aims for Nearly 1m New Housing Units Near Mecca and Jeddah
     

    Details have emerged on plans for a “giant extension” to the holy city of Mecca in Saudi Arabia that could add up to one million housing units by 2050, according to reports. Prince Khalid Al-Faisal bin Abdulaziz is governor of the Mecca Region. In a press conference, the Prince told reporters that the Al-Faisaliah project […]

     
  • Saudi Female Private Sector Employment Grew 10% in 2016, Ministry of Labor Says
     

    The employment of Saudi women in the private sector increased 10 percent in 2016 over the previous year, according to the Saudi Ministry of Labor and Social Development as reported in the Saudi Gazette. The latest figures show a continuation of a dramatic increase in the last four years for female participation in the workplace. Based on figures provided […]

     

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