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  • Davos
    White House unveils list of leaders to meet with President Trump at forum in Davos

    Among the leaders he will meet with include Iraqi President Barham Salih, Pakistani Prime Minister Imran Khan, Swiss Confederation President Simonetta Sommaruga and Nechirvan Barzani, the President of the Kurdistan Regional government. Reuters previously reported as well that Trump also intends to meet with Ursula von der Leyen, President of the European Commission.

  • Global Risks Report - 2020
    World Economic Forum – Global Risks Report 2020

    The global economy is facing an increased risk of stagnation, climate change is striking harder and more rapidly than expected, and a fragmented cyber space threatens the full potential of next generation technologies — all while citizens worldwide protest political and economic conditions, and voice concerns about systems that exacerbate inequality.

  • Iraq
    BP pulls out of Iraq’s Kirkuk field as expansion plans stall

    BP has pulled out of Iraq's giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field's expansion, dealing a fresh blow to Iraq's hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country.

  • Iran
    Iran confirms it fired two missiles at Ukrainian plane

    Iran has confirmed two missiles were fired at a Ukrainian airliner brought down this month, in a catastrophic error that killed all 176 people on board and sparked angry protests. The country’s civil aviation authority said it has yet to receive a positive response after requesting technical assistance from France and the United States to decode black boxes from the downed airliner.

  • Bonds
    Saudi Arabia begins sale of triple-tranche dollar bond

    Of Saudi Arabia’s total planned debt issuance this year, almost $12 billion will be used to refinance existing local debt and will also be raised locally, a finance ministry official told Reuters last month. International debt is expected to account for 45% of the remaining $20 billion-worth of new funds that Riyadh plans to raise.

  • Dakar Rally
    Gallery: 2020 Dakar Rally in Saudi Arabia was a photographic feast

    The 42nd edition of this storied race has been run and won, with just under 70 percent of starters making it to the finish line in the first Saudi Dakar. American Ricky Brabec took a long-awaited win in the motorcycle class for Honda, breaking an 18-year winning streak by KTM, and Ignacio Casale hopped back on a quad bike to dominate the field for his third quad title after a year floundering in the side-by-side division, which was won this year by American Casey Currie in a Can-Am on just his second Dakar start.

  • Saudi Aramco
    Commentary: 3 Reasons Typical Equity Analysis Doesn’t Work For Saudi Aramco

    When the company went public in December, there was suddenly reason for sell-side equity analysts at banks across the world to issue reports, devising projected prices and issuing guidance on whether investors should buy, sell or hold. However, these reports are written by equity analysts—typically 20-somethings—who cover the oil industry and issue reports on other oil company equities. These analysts and their bosses are equities people, used to assessing the value and direction of a business based on its fundamentals and the market. But that is not how Aramco needs to be judged right now.

  • Economy
    Saudi Arabia Escapes Deflation Just Barely as Cycle Turns: Chart

    Saudi inflation crawled above zero in December for the first time in a year, ending an unprecedented stretch of price declines made worse by a slump in housing costs. A pickup in the non-oil economy is likely to keep up price pressures after the headline figure ticked up as food inflation doubled last month. A diminishing drag from housing, coupled with stronger domestic demand, should push Saudi inflation further into positive territory throughout this year, according to Ziad Daoud of Bloomberg Economics.

  • Sports and Entertainment
    Bryan Adams to lead big names at golf-linked Saudi concerts

    A line-up of world class music acts will get Saudi Arabia to swing, rumba and rock as the Saudi International unveils superstar names for a trio of music concerts in King Abdullah Economic City (KAEC) at the end of the month. The gigs, held on three consecutive nights from January 30 – February 1, complete The Ultimate Day Out that includes the best golfers in the world and family fun entertainment.

  • Culture and Arts
    Saudi Ministry of Culture launches platform for scholarship applications

    The scholarship program is open to those who wish to obtain a bachelor’s, master’s or Ph.D. degree in various cultural and arts fields from the world’s most prominent educational institutions. The courses provided by the program include music, theater, visual arts (drawing, sculpture, art theory, calligraphy, art history, photography and cinematography) filmmaking, literature and linguistics, archaeology, culinary arts, design, architecture and libraries and museums.