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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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Uncertainty Inside OPEC+ Causes Oil Price Flux
Oil prices continued to see increased volatility as traders attempt to understand how the Saudi-UAE chasm on production might affect supply in the coming months, according to reports.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Dazzling Designs Revealed for a ‘Coral Bloom’ Concept at Saudi Arabia’s Red Sea Project’s Main Hub Island at Shurayrah
Saudi Arabia this week unveiled a new, visionary design and plans for the Red Sea project’s main hub island at Shurayrah, a “Coral Bloom” concept created by world-renowned architecture firm Foster + Partners.
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM
In a rare televised appearance on Sunday, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled ambitious plans for a new carbon-free city at NEOM, in the Kingdom’s northwest along the Red Sea.
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Saudi Arabia Unveils 2021 Fiscal Budget with Spending Reductions, Eying Economic Rebound
Saudi Arabia unveiled a new budget for the 2021 year, cutting spending to rein in a fiscal deficit brought on by a lower oil prices in 2020 and adjusting the Kingdom’s fiscal strategy to a post-Coronavirus pandemic era.
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Saudi-Owned Lucid Motors Completes Phase 1 of Arizona Factory Build, Eyes 2021 Production
Saudi-owned Lucid Motors, a forthcoming EV rival to Tesla, announced that it completed the first phase of construction at its factory in Arizona, eying production of up to 400,000 electric cars per year at the facility after future expansions. Lucid completed the first phase of construction of its factory in Casa Grande, Arizona, and is aiming to start […]
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Saudi Arabia Raises Minimum Wage for Citizens by 33% after Labor Reform Announcement
Saudi Arabia will raise the minimum wage for its citizens from 3,000 riyals ($800) to 4,000 riyals ($1,066), a 33 percent increase, the Kingdom’s Ministry of Human Resources and Social Development announced last week. Set to take effect five months from the announcement date of Wednesday, November 18th, the increase is substantial for Saudi workers.
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MUST-READS
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Evening Standard investor unveiled as Saudi businessman
Abuljadayel previously bought around a third of the Independent, which is also controlled by Lebedev, two years ago.
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Egypt: Mystery of transporting pyramids’ blocks unveiled
The Ministry of Antiquities said a central slope, surrounded by two stairways, with pillars containing holes, was used to lift the blocks through rough, steep hills.
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$200m organic farming plan unveiled by Saudi Arabia
The Ministry of Environment, Water and Agriculture unveiled its organic farming action plan, which was approved by the Cabinet, and has allocated SR750 million ($200 million) to support it.
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Kushner says Trump’s ‘deal of the century’ Mideast peace plan will be unveiled soon
President Donald Trump’s son-in-law and senior adviser said in an interview published Sunday that the administration will soon present its Israeli-Palestinian peace plan, with or without input from Palestinian President Mahmoud Abbas.
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Trump’s National Security Strategy unveiled, with focus on economics
Trump officially revealed the 68 page report during a Monday speech, telling an audience that the new strategy document will pave the way for America to remain a leader in global affairs.
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Revolution Unveiled: A Closer Look at Iran’s Presence and Influence in the Middle East
Through four case studies, this report systematically examines new or lesser-known methods Iran employs to project its influence beyond its borders. By using proxy Shia groups, ideology, arms provision, and transnational networks, Tehran destabilizes and strikes at regional adversaries to achieve its strategic and policy objectives.
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Saudi Religious Police Want Help Studying Unveiled Women
Saudi Arabia’s religious police are hiring people to study unveiled women and people who don’t pray.
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Iran Just Unveiled Its New Long-Range Cruise Missile
So what’s this new-ish missile really capable of? Quite a lot, actually. The Soumar is in many ways comparable to the Tomahawk. Like the U.S.-built missile, it uses an in-built terrain-matching contour navigation system to fly toward its target while hugging ground features. This gives the missile a means to avoid detection when traveling close to an opponent’s air defenses.
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Islamic State appoints leaders of ‘Khorasan province,’ issues veiled threat to Afghan Taliban
Abu Muhammad al Adnani, a spokesman for the Islamic State, announced the group's "expansion" into the lands of "Khorasan" -- modern day Afghanistan, Pakistan and parts of the surrounding countries -- and declared former Movement of the Taliban in Pakistan (Tehrik-e Taliban Pakistan or TTP) commander Hafez Saeed Khan as the "governor" of Khorasan province. Khan had previously served as the Movement of the Taliban in Pakistan's emir for the tribal agency of Arakzai.
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