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  • Saudi Arabia Names Prince Faisal bin Farhan as New Foreign Minister
     

    Saudi Arabia appointed Prince Faisal bin Farhan Al-Saud as the Kingdom’s new foreign minister as part of a larger reshuffling of the cabinet. Prince Faisal bin Farhan is the third foreign minister in three years. He replaces Ibrahim Al-Assaf, who was relieved of his post and appointed minister of state and a member of the Saudi Council of […]

     
  • Issue Brief Explores Saudi Aramco-SABIC Merger, SABIC’s ‘Importance to Energy and Chemical Businesses Worldwide’
     

    A new issue brief written by Jean-François Seznec for the Atlantic Council explores the Saudi Aramco-SABIC merger and Aramco’s strategy to make the Saudi oil giant “like most other large international oil companies, except much bigger.” This issue brief studies “SABIC’s importance to energy and chemical businesses worldwide, and it raises questions about whether the merger […]

     
  • Defense Secretary Esper in Riyadh for Surprise Visit; Kushner, Mnuchin to attend Future Investment Initiative
     

    Secretary of Defense Mark Esper arrived Monday in Saudi Arabia for an unannounced visit as the U.S. and Saudi Arabia seek to bolster their joint defense in the face of rising regional tensions. Secretary Esper met with Saudi Arabia’s King Salman in Riyadh, photos show, and Esper said he discussed the deployment of U.S. forces and […]

     
  • Uproar, Confusion, Debate over Tobacco Tax in Saudi Arabia
     

    Saudi Arabia’s decision to impose a 100 percent tax on restaurants that serve tobacco products like shisha has ignited criticism on social media and caused confusion among restaurant owners on how to charge the tax, according to a report in France 24/AFP and accounts on Twitter. The situation has also revealed how Saudis express feedback about new […]

     
  • Saudi Aramco delays planned IPO until after earnings update, seeks local listing
     

    Saudi Aramco has delayed the planned launch of its initial public offering “in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm,” Reuters reports, citing two sources familiar with the matter. The slight delay allows Saudi Aramco to reassure investors by first presenting results covering the period in which two […]

     
  • Saudi Arabia, Palestine to Set Up Joint Business Council
     

    Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council, the SPA reports. Palestinian President Mahmoud Abbas visited Riyadh on Wednesday and met with King Salman and Crown Prince Mohammed bin Salman. The official Saudi Press Agency said that the leaders reached “an agreement on the establishment of a […]

     
  • Venture Capital Set for Ten-fold Growth Over the Next Six Years in Saudi Arabia
     

    Venture capital investments in Saudi Arabia are set to grow ten-fold over the next six years, according to a new report by Saudi Technology Ventures published by The National. The report says that Venture funding investments are at a “positive inflection point” and are set to grow to $500 million annually by 2025, from $50m last […]

     
  • To the Delight of Fans, Saudis Play Soccer Match in West Bank for First Time in Decades
     

    Saudi Arabia’s soccer team will play against the national team in Palestine in the West Bank for the first time in over a decade, delighting fans from both sides. The match, planned for Tuesday, has “electrified Palestinians” not just because it’s a World Cup qualifying match, but because it’s a home game actually played at […]

     
  • Law Firm Pillsbury Analyzes First Cases in Saudi Arabia’s New Bankruptcy Law
     

    Law firm Pillsbury published a research note highlighting the recently passed bankruptcy law in Saudi Arabia that incorporated modern alternatives to liquidating businesses in the Kingdom, using the first cases decided by the Saudi judiciary as case studies. “For several years now, judges in [bankruptcy] courts have been involved in seminars and training work­shops to help prepare them to rule […]

     
  • U.S., Saudi Officials Discuss Regional Security and Military Cooperation
     

    Saudi Arabia’s deputy defense minister said on Thursday he discussed “regional security and military cooperation” with senior U.S. government officials, Reuters reports. Deputy Defense Minister Khalid bin Salman, who previously served as Saudi Arabia’s Ambassador to the United States, met separately with U.S. Secretary of State Mike Pompeo and Secretary of Defense Mark Esper. Deputy […]

     

MUST-READS

  • KKR and Gulf Data Hub Form Strategic Partnership to Scale One of the Middle East’s Largest Independent Data Center Platforms

    Gulf Data Hub (“GDH” or the “Company”), one of the largest independent data center platforms in the Middle East focused on serving hyperscale demand across the Gulf countries, and KKR, a leading global investment firm, today announced that funds affiliated with KKR will acquire a stake in GDH. The investment, which is subject to customary regulatory approvals, is being made through KKR’s Global Infrastructure strategy. Established in 2012 and headquartered in Dubai, GDH, is one of the largest independent carrier and vendor neutral data center platforms in the Middle East with significant operating capacity and pipeline of projects. With an owned portfolio of seven purpose-built and state-of-the art data centers in the UAE and Saudi Arabia, and additional facilities planned in Kuwait, Qatar, Bahrain and Oman, GDH is focused on delivering the infrastructure required to meet hyperscale demand across the region to support increasing data consumption driven by the growing trends in digital connectivity, cloud and artificial intelligence.

  • Saudi economy minister gives insights on Kingdom’s role in global growth, innovation

    In this Special Interview with Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim on Al Arabiya News, the discussion focuses on the pivotal role of the Kingdom’s economic health in ensuring regional stability. The minister highlights Vision 2030’s transformative initiatives to diversify the economy, foster global partnerships, and strengthen the private sector.

  • Saudi Arabia’s Riyadh Air defers launch to 3Q25

    Aircraft delivery delays have caused Riyadh Air (RXI, Riyadh) to push back launch plans from the first quarter of 2025 to sometime in the third quarter, according to Bloomberg. The state-owned start-up had hoped to have eight B787-9 delivered throughout 2025, but Boeing has advised it to expect around four. According to the ch-aviation fleets module, Riyadh Air has thirty-nine B787-9s on order, along with sixty A321-200Ns from Airbus.

  • Saudi ambassador to US represents Kingdom at Trump inauguration ceremony

    The princess passed on the congratulations of King Salman and Crown Prince Mohammed bin Salman to Trump on the day of his second inauguration as US president. She also conveyed the hopes of the Saudi leadership that he will enjoy success in his duties, the Saudi Press Agency reported

  • Saudi: New executive regulations for law practice come into force

    The Saudi Bar Association (SBA) has announced the enforcement of the new executive regulations for law practice, effective from Jan. 15. These regulations replace the previous ones issued in 1423 AH. The updated regulations aimed to enhance the organizational framework of the legal profession, aligning it with modern international best practices. They also seek to strengthen the Kingdom’s competitiveness and improve its business environment by ensuring the availability of essential legal services for investors and business owners across various sectors. The new regulations include significant updates and reforms, such as the repeal of the rules on disciplinary action and the filing and adjudication of related complaints issued in 1443 AH. Additionally, the executive regulations for licensing foreign law firms, issued in 1444 AH, and the rules for mitigating conflicts of interest for former judiciary employees and their equivalents practicing law, issued in 1444 AH, will be annulled.

  • Hamas frees hostages, Israel releases Palestinian prisoners on day one of ceasefire

    Hamas released three Israeli hostages and Israel released 90 Palestinian prisoners on Sunday, the first day of a ceasefire suspending a 15-month-old war that has devastated the Gaza Strip and inflamed the Middle East. The truce allowed Palestinians to return to bombed-out neighborhoods to begin rebuilding their lives, while relief trucks delivered much-needed aid. Elsewhere in Gaza, crowds cheered Hamas fighters who emerged from hiding. Fireworks were launched in celebration as buses carrying the Palestinian prisoners arrived in Ramallah on the West Bank, where thousands of people waited to welcome them. Those freed from Israeli prisons included 69 women and 21 teenage boys from the West Bank and Jerusalem, according to Hamas.

  • New Honeywell centre cements Saudi Arabia’s position in global cybersecurity market

    Honeywell recently launched a new centre in Saudi Arabia’s Jubail to provide localised cybersecurity services for critical industrial sectors in the Kingdom, according to a press release. Honeywell Himaya Center, which was announced at the In-Kingdom Total Value Add (iktva) Forum and Exhibition 2025 in Dhahran, will support Saudi Arabia’s digital transformation and strengthen its position as a key player in the global cybersecurity market.

  • Sotheby’s Reveals Linup For Saudi Auction

    Titled “Origins“, the two-day evening auction will open on February 8th. It will occur at the historic town of Diriyah, a UNESCO heritage site – though the exact location hasn’t been shared. Over 100 works would be sold in the auction. Before it, between February 1st and 8th, the works would be on public display at both enclosed spaces and open sites around Diriyah.  The artworks include works by Picasso and Warhol. There would be installations like one by James Turrell (est. $120k -$180k) and Sidle by Antony Gormley (est. 700k -$800k). Sotheby’s is also paying special focus to surrealist art. These include L’État de veille by Rene Magritte (est. $1 million -$1.5 million) and La Légende égyptienne by Paul Delvaux (est. 700k).

  • Saudi Arabia boosts mining industry

    Throughout this year, Saudi Arabia intends to promote mineral exploration opportunities in an area of up to 50,000 square kilometres, Minister of Industry and Mineral Resources Bandar Al-Khorayef announced at the International Mining Conference recently held in Riyadh.  The minister noted that the Kingdom's programme to enable mineral exploration has already helped exploration companies excavate more than 440,000 square metres. He also used the occasion to announce the launch of the Mining Innovation Studio initiative, a project designed to attract global talent and accelerate the use of advanced technologies, as well as to advance Riyadh's vision of becoming the ‘Silicon Valley of Metals’.

  • Trump’s Middle East envoy is considering a visit to the Gaza Strip amid ceasefire deal

    President-elect Donald Trump’s envoy to the Middle East, Steve Witkoff, is considering a visit to the war-torn Gaza Strip as part of his efforts to keep a ceasefire deal between Israel and Hamas on track, according to a transition official with direct knowledge of the ceasefire process. Underscoring just how fragile the president-elect’s team believes the ceasefire deal that’s set to go into effect on Sunday is, Witkoff also plans to be a near-constant presence in the region over the coming weeks and months to troubleshoot flare-ups on the ground that he believes could unravel the agreement and halt the release of hostages held by Hamas at any moment, the official said.