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  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     

MUST-READS

  • Anyone For Tennis In Saudi Arabia?

    With a growing fan and player base, tennis is fast capturing the hearts and minds in the Kingdom, which boasts a 50 per cent sports participation rate. The Saudi Tennis Federation has a clear target demographic: the country’s 20m citizens under the age of 30. A look at the faces this week in the Fan Zone at the Next Gen ATP Finals presented by NEOM in Jeddah and in the stands at the King Abdullah Sports City confirms that young Saudis are quickly warming to the sport.

  • Saudi Arabia could ‘flush’ the oil market with a flood of supply to regain control over prices in the face of rising US production, crude expert says

    "We've more or less been saying potentially Saudi needs to just flush this thing out," Paul Sankey from Sankey Research told CNBC on Friday. He estimated that Saudi Arabia has capacity to ramp up its output by an additional 2.5 million barrels a day. For now, OPEC's de factor leader is trying to prop up crude by pumping less. On Thursday, it extended its cut of 1 million barrel per day into the first quarter. But Sankey noted Saudi Arabia shocked markets in 2014, when it similarly tried to flush the market by sinking crude prices from highs of around $110 a barrel to $50.

  • Saudi Arabia extends cut in amount of oil it sends to the world

    The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold. Lower oil prices have been a good thing for U.S. drivers, who have been able to fill their gas tanks for less money in recent months. But it’s bad news for OPEC+ countries whose oil income bolsters their economies and who have faced setbacks in pushing prices higher despite initial fears that the Israel-Hamas war could affect oil flows.

  • Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte

    Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. PIF's purchase gives the hotel group an enterprise value of around 1.4 billion pounds ($1.8 billion), one source close to the matter said on Monday, confirming a report in the Financial Times.

  • Saudi Arabia unveils groundbreaking national data index

    The Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Transformation Program (NTP) jointly launched the pioneering National Data Index (Nudei).

    Introduced during the Saudi Data Forum in Riyadh, this initiative, an evolved version of the Open Data Platform, and the Data Governance Platform, marks a significant stride toward fostering transparency, cultivating a national data-driven economy, and evaluating data maturity across government entities.

  • Saudi Arabia: Riyadh Season draws over 5 million visitors in record time since October 28 launch

    Riyadh Season, which commenced on October 28, has become a sensation, attracting an impressive 5 million visitors within less than a month.
    Under the theme of “Big Time,” Riyadh Season made an unforgettable launch with “The Battle of the Baddest,” a grand opening that brought together visitors and renowned personalities from around the world.

  • In cultural shift, Saudi Arabia allows pets on public transportation

    Saudi Arabia’s Transport General Authority posted a lengthy document on X documenting the rights of bus, train and boat passengers in the kingdom. In the document, the authority said that “small” animals can be brought onto modes of transportation provided they are kept in a box or designated area and don't pose a danger or obstruct people’s movement.

  • Saudi Arabia’s PIF Raises Up to $5 Billion Loan With Korea Export Agency

    Saudi Arabia’s sovereign wealth fund raised a loan of up to $5 billion from a group of nine banks in a deal that involves the Korean export credit agency to help boost trade between the two countries. The Public Investment Fund, which manages about $778 billion in assets, has agreed the initial $3 billion loan with a tenor of 13 years with Korea Trade Insurance Corp. and has an option to boost it to $5 billion, according to a statement on Tuesday.

  • Italy, Saudi and South Korea compete to host 2030 world fair

    Italy, Saudi Arabia and South Korea are battling it out in Paris on Tuesday for the right to host the Expo 2030 world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The three countries' delegations have been in horse-trading overdrive over the past few months to win votes from the 182 member states of the Bureau International des Expositions, holding splashy lobbying events in the French capital.

  • flynas Becomes 1st Saudi Airline To Join UN Tourism Organization

    Over the past few months, the airline has forged closer ties with the United Nations’ environmental and tourism agencies, including becoming the first Middle Eastern low-cost carrier to join forces with the United Nations Global Compact (UNGC) in August. The latest update sees flynas align with the UNWTO as an affiliate member, a first for Saudi Arabia.