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  • Natural Resources
    Saudi Arabian Mining CEO Says ‘Hopeful’ on Gold

    Darren Davis, president and chief executive officer of Saudi Arabian Mining Co., also known as Maaden, talks about commodities including aluminium and gold, and the prospects for his company.

  • Housing and Real Estate
    Saudi’s REDF to deposit $453m towards ‘Sakani’ beneficiaries

    Saudi Arabia’s Real Estate Development Fund (REDF) has deposited $453m (SAR1.7m) into the accounts of citizens benefiting from its Sakani housing programme for January 2020. The fund has shown commitment for the fourth year in a row of depositing monthly funding in the accounts of beneficiaries since the announcement of subsidised mortgage in June 2017, according to a report by the state-run Saudi Press Agency.

  • Health Security
    Saudi Arabia reports H5N8 bird flu on farm: OIE

    Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday. The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.

  • Shale Oil
    Shale pioneer John Hess says key U.S. fields starting to plateau

    Production in the Eagle Ford Shale in South Texas is starting to plateau, while the Bakken field in North Dakota where Hess is a major producer will hit its peak production levels within the next two years, said Hess, who spoke Tuesday in Houston at the Argus Americas Crude Summit.

  • Cybersecurity
    Women and children top Saudi cybersecurity agency’s list of priorities

    The National Cybersecurity Authority of Saudi Arabia on Tuesday launched two new initiatives. The first aims to improve the protections that safeguard children in the digital world, and the second is designed to boost the representation of women in cybersecurity jobs. They were unveiled by Riyadh Gov. Prince Faisal bin Bandar on day one of the two-day Global Cybersecurity Forum.

  • Environment
    Golf Saudi puts environment at center of development strategy

    Golf Saudi has revealed its national strategy for the development of golf courses in Saudi Arabia, including a series of initiatives undertaken over the last twelve months aimed at improving the sustainability of golf in the country.

  • Economy
    Saudi inflation set to rise on higher consumer spending in 2020

    Inflation forecasts for Saudi Arabia in 2020 have been revised upwards to 1.7 percent to reflect expectations of a continued pick-up in non-oil activities, and an elevated level of consumer spending. A new research note from Jadwa Investment, analysing latest General Authority for Statistics (GaStat) data for December, showed that prices were up by 0.2 percent year-on-year, and by 0.1 percent month-on-month.

  • Media and Entertainment
    Alibaba-backed fund to build HQ in Saudi ‘media city’

    Saudi Arabia has signed an agreement with a fund linked to China's Alibaba to build a new headquarters in a "media city" in the kingdom's capital, the Saudi minister of culture said on Tuesday. The minister, Badr bin Abdullah bin Farhan, said on Twitter that he signed the agreement with Jerry Li, founding partner of eWTP Capital, which is backed by Jack Ma, head of e-commerce giant Alibaba Group.

  • Energy
    Saudi Bid to Cut Hits Russian Pushback as OPEC Experts Meet

    OPEC+ technical experts gathered to analyze the impact of the crisis on oil demand, and diplomatic efforts between Riyadh and Moscow continued in parallel. According to two delegates, Saudi Arabia is pushing for a production cut of at least 500,000 barrels a day -- and even up to twice that amount. But Russia, whose budget is more resilient to lower oil prices, continued to push back, according to several delegates.

  • Public Investment Fund
    Saudi Arabia’s Public Investment Fund Sold Tesla Stock Before Rally

    Saudi Arabia’s sovereign-wealth fund sold almost all of its Tesla Inc. shares last quarter, nearly exiting what had been one of the largest holdings in the electric-car maker. The Saudi Arabia Public Investment Fund held just 39,151 shares at the end of the year, according to a regulatory filing. The fund previously had more than 8.2 million shares and ranked among the five biggest owners, according to data compiled by Bloomberg.