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  • Saudi Arabia wins oil battle against Iran
     

    It seems that the first round in the series of the ferocious battles between Iran and Saudi Arabia, the two giant oil-exporting countries, was settled in favor of the latter. The Kingdom continued to produce oil regardless of the Iranian threats warning the Kingdom against filling the shortage in oil supplies that might result from […]

     
  • Showing Pragmatism, Egypt’s Morsi Looks to Saudi
     

    The first official foreign visit of any newly elected president represents a significant symbolic statement. Knowing this, new leaders choose their first visit very carefully, often selecting a country that is either a major strategic ally or an important trade partner. Nonetheless, the Egyptian government’s announcement that President Mohammed Morsi’s first foreign visit will take […]

     
  • Underground in Arabia
     

    Born and raised in Dhahran, I thought I had seen most of the natural wonders of the Eastern kingdom from the towering dunes of the Rub’ Al Khali to the pristine reefs of the Gulf, so it was a true surprise to read the manuscript for John Pint’s Underground in Arabia. I had visited the […]

     
  • Saudi Aramco to invest in new energy ventures
     

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]

     
  • Al Jubayl Saudi Arabia As Seen From Orbit at Night
     

    The city of Al Jubayl (or Jubail) is located on the coast of Saudi Arabia, along the Persian Gulf. The city has a history extending back more than 7,000 years, but since 1975 it has been associated with the petrochemical, fertilizer, and steel industries. At night, these industrial areas form a brightly lit region (image […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     
  • The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
     

    If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]

     

MUST-READS

  • Saudi Aramco backs AI startup

    A venture unit of Saudi Arabian oil company Aramco is making its first U.S. AI-related investment, backing a pre-Series A round for San Francisco-based AiXplain, AiXplain is one of a growing number of startups that aim to transform generative AI from chatbots into agents who can take action. The startup also wants to ensure that Arabic languages are better represented.

  • Will Gulf Camping Survive the Tourism Boom?

    The Gulf Cooperation Council’s “Grand Tours” unified visa is expected to launch by the end of 2024, permitting intercountry travel for foreign nationals living in all six GCC states akin to the European Union’s Schengen Area. With the unified visa projected to ease travel logistics and boost tourism revenue, tourism sectors across the GCC states are strategically working to craft multicountry tourism packages in tandem with the announcement of the visa.

  • Israel bombards central Gaza as tanks advance deeper in Rafah

    Israeli forces bombarded the Gaza Strip's historic refugee camps in the centre of the enclave and struck Gaza City in the north on Thursday, killing at least 13 people, and tanks pushed deeper into Rafah in the south, health officials and residents said. One Israeli airstrike killed six people in Zawayda town in central Gaza and two other people were killed in a strike on a house in Bureij camp. An Israeli air strike killed three people in a car in Deir Al-Balah, a city packed with people displaced from elsewhere in Gaza, health officials said.

  • VLCC rates under pressure as Saudi Arabia slashes exports

    New data from Vortexa shows VLCC utilisation for OPEC+ – excluding Iran and Venezuela – fell sharply during June and reached a record low earlier this month, as exports from the group, especially Saudi Arabia, fell sharply. “The lack of sizeable alternative routes for VLCC flows, i.e. outside of OPEC+ (mostly Middle East) to Asia, is likely to keep VLCC rates under pressure,” Vortexa warned in a tanker update this week. VLCC rates have been on the slide this month, ducking well below the $30,000 a day mark.

  • Saudi Cabinet approves establishment of national minerals program

    According to a ministry statement released earlier this year, the Kingdom’s mineral wealth is valued at an estimated SR9.4 trillion ($2.5 trillion). The Minister of Industry and Mineral Resources Bandar Alkhorayef thanked King Salman and Crown Prince Mohammed bin Salman for the cabinet’s approval and said the program will effectively drive growth in the minerals sector and exploit the country’s mineral wealth.

  • ‘I’ll always protect’ Saudi Arabia, former US President Trump says

    Donald Trump has vowed to “always” protect Saudi Arabia if he is re-elected as US president during the upcoming elections in November. The former president and Republican nominee, who will run against Joe Biden in a few months, made his first trip abroad to Saudi Arabia after entering the White House in 2017.

  • JinkoSolar to build 10GW n-type cell and module factory in Saudi Arabia

    The facility will be built and financed through a joint venture (JV) between JinkoSolar Middle East, the Renewable Energy Localization Company (RELC) – a subsidiary of the state-run Saudi Public Investment Fund – and Vision Industries (VI), an investor in Saudi clean energy industrial projects and supply chains. Both JinkoSolar and RELC will hold 40% equity and VI the remaining 20%.

  • NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration

    The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf of the Kingdom of Saudi Arabia.

  • Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company

    Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen.

  • Saudi Arabia is set to gain another stadium, amid a flurry of new builds and upgrades.

    The New Murabba Development Company, which is owned by Saudi Arabia’s Public Investment Fund (PIF), today unveiled designs for the new venue. The 45,000-capacity stadium will be located in the Saudi capital of Riyadh and is anticipated to be complete by the end of 2032. The development company said the venue would feature “cutting-edge” sporting technology, while renderings show the stadium in football mode – suggesting that it could be used for the 2034 FIFA World Cup in Saudi.