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  • Saudi Megaprojects
    10 Saudi Arabian landmark megaprojects worth around $100 billion            

    ifpinfo, 21 March 2015 inShare More than 80 megaprojects, each worth at least $1 billion, are underway or planned for completion by 2030 in Saudi Arabia making it the Middle East’s largest construction and build market by a huge margin. Here are 10 of the most exciting.

  • U.S. Diplomatic Security
    US Embassy In Saudi Reopens After Week-Long Closure

    Consular operations in Saudi Arabia were first suspended last week for two days over heightened security concerns. It followed a warning to all western oil workers in the Kingdom about potential attacks or kidnappings from militant groups. The embassy closure was extended throughout the week over security concerns, officials clarified.

  • Saudi - GCC
    Saudi king meets senior GCC officials

    According to the state-run agency, King Salman met with Bahrain’s Crown Prince and First Deputy Premier Salman bin Hamad Al-Khalifa; Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE’s Armed Forces Sheikh Mohammad bin Zayed Al Nahyan; Qatari Prime Minister and Interior Minister Sheikh Abdullah bin Nasser Al Thani and Kuwait’s Deputy Premier and Interior Minister Sheikh Mohammad Al-Khaled Al-Hamad Al-Sabah.

  • Saudi Economy
    Saudi Economy – Jadwa Chartbook – March 2015

    Eight out of the total 15 sectors recorded positive performance in February. The energy sector was the best performer, benefitting from a dividend announcement.

  • Real Estate and Housing
    Cityscape to witness Saudi reform impact on real estate market

    He added: “Growth in the Chinese economy will have a strong bearing on prices of building inputs, especially steel and copper. China's economy is slowing quite rapidly, so these prices should continue to soften. A stronger dollar will also help in this regard: A strong dollar typically means weaker commodity prices. With US interest rates heading up, and Japan and the euro zone engaged in monetary easing, we should see the dollar continue to strengthen. This is good news for Saudi Arabia since it will make a lot of imported inputs cheaper.

  • Logistics
    Saudi’s Blominvest plans $306m Riyadh logistics park

    Investment company Blominvest Saudi Arabia has signed an agreement with SinoGulf to develop an industrial logistics park in Riyadh through a private fund that it will manage.

  • Iran Negotiations
    Obama tells Iran of ‘historic’ opportunity

    According to unnamed officials talking to Associated Press news agency, the deal being hatched in the long-running talks will commit Tehran to a 40% cut in the number of machines it could use to make an atomic bomb. In return, economic sanctions would be eased sharply and a UN embargo on conventional arms would be partially lifted.

  • Saudi Oil Exports
    Saudi Oil Exports Rebound After A Disappointing 2014

    Oil exports from Saudi Arabia, the world’s most copious exporter, rose to 7.47 million barrels per day in January, a significant step up from the 6.934 million barrels per day shipped the month before, according to the UN’s Joint Organizations Data Initiative (JODI).

  • U.S. - Afghanistan
    Afghan President Ghani set to embark on key US visit

    But experts agree that the scheduled US troop drawdown will be the most important issue on the agenda, as Ghani - who is seen as a leader willing to work with Washington, unlike his predecessor Hamid Karzai - has repeatedly urged the US might "re-examine" its timetable for removing the remaining 10,000 US military personnel by the end of 2016.

  • U.S. - Yemen
    Pentagon loses track of $500 million in weapons, equipment given to Yemen

    The Pentagon is unable to account for more than $500 million in U.S. military aid given to Yemen, amid fears that the weaponry, aircraft and equipment is at risk of being seized by Iranian-backed rebels or al-Qaeda, according to U.S. officials.