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  • Inflows Surge as Tadawul Upgrades to Inclusion in FTSE Russell and S&P Dow Jones Emerging Market Indices
     

    Saudi Arabia’s stock exchange, the Tadawul, began the first phase of inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), which is expected to lead to billions in inflows into the country and represent a milestone for Saudi authorities as the country continues to open up to investment. Inclusion of Saudi Arabia into the FTSE Russell […]

     
  • Ambitious Goals for Saudi Ports in Vision 2030 Drive
     

    The Saudi Ports Authority says it aims to reduce container time at its ports to three days by 2020 while simultaneously pushing for more than double handling by 2030, according to the Saudi Press Agency and other reports. The goals fit into the kingdom’s Vision 2030 economic and social reform drive which prioritizes the generation of efficiencies […]

     
  • Senate Passes Joint Resolution to End U.S. Military Support for Saudi-Led Coalition in Yemen
     

    The U.S. Senate passed a resolution Wednesday to end American support for the Saudi-led, U.N.-backed coalition in Yemen, issuing a challenge to President Donald Trump to use his first veto of his Presidency. The bill, entitled “A joint resolution to direct the removal of United States Armed Forces from hostilities in the Republic of Yemen that have not […]

     
  • Saudi Top Buyer of Military Arms as Flow Increases to Middle East
     

    Saudi Arabia became the world’s largest arms importer between 2014–18, with an increase of 192 per cent compared with 2009–13, according to a new annual report published by the Stockholm International Peace Research Institute (SIPRI). The report also noted that U.S. and other Western weapons sales “are in high demand” in the Middle East, edging out Russia and […]

     
  • Large Quantities of Natural Gas Discovered in Red Sea, Al-Falih Says
     

    Large quantities of gas have been discovered in the Red Sea, the official Saudi Press Agency said, citing comments made by Minister of Energy Khalid Al-Falih. Al-Falih said that Saudi Aramco will intensify exploration work over the next two years after completion of a feasibility study. Falih also said Saudi Aramco was studying possible Liquified Natural Gas (LNG) project […]

     
  • General Abizaid Faces Tough Questions from U.S. Senators in Confirmation Hearing
     

    President Trump’s choice for the next U.S. Ambassador to Saudi Arabia faced tough questions from U.S. senators but defended the U.S.-Saudi relationship on Wednesday and said the United States needed “a strong and mature partnership with Saudi Arabia.” Retired General John Abizaid’s confirmation hearing in front of the Senate Foreign Relations Committee was the first of this session […]

     
  • Saudi Housing Sector to See $21 Billion in Investment in 2019; Home Ownership Growing 6-7 Percent Annually – Minister
     

    Saudi Arabia’s Minister of Housing Majed al-Hogail said he expects investments in the real estate financing sector to reach between 60 billion Saudi riyals and 80 billion riyals ($21.33 billion) in 2019, according to Reuters on the sidelines of a housing conference in Riyadh. The minister told Reuters that real estate financing for January hit 4.7 […]

     
  • Latest Economic Data Shows Continued Improvement in Saudi Economy, Jadwa Investment Says
     

    Latest economic data from Jadwa Investment’s March 2019 economic chartbook shows more positive signs for the Saudi economy. Economic data reviewed by Jadwa for the month of January showed improvements for the economy, including a 32 percent rise in POS transactions, and a rise in non-oil PMI to its highest level since December 2017, the Riyadh-based bank said. […]

     
  • Positives Seen in Latest Saudi Government Labor Market Data as Vision 2030 Reforms Take Hold
     

    Saudi Arabia’s workforce saw an increase in female participation and a slight decline in unemployment, according latest data on the Saudi labor revealed in a Jadwa Investment report. The General Authority for Statistics (GaStat) labor market release for Q3 2018 shows that unemployment declined slightly to 12.8 percent, from 12.9 percent in the previous two […]

     
  • Kushner, Crown Prince Mohammed bin Salman Meet in Riyadh
     

    President Donald Trump’s senior adviser and son-in-law, Jared Kushner, met with King Salman and Crown Prince Mohammed bin Salman yesterday in Riyadh, the first visit by Kushner since the killing of Jamal Khashoggi. “Building on previous conversations, they discussed increasing cooperation between the United States and Saudi Arabia, and the Trump Administration’s efforts to facilitate […]

     

MUST-READS

  • Assad’s Fall Prompts Initial Gulf Unity but Differences and Concerns Are Emerging

    The rapid downfall of the Assad dynasty in Syria has caught the Gulf Arab monarchies by surprise, much as everyone else. Understandably, their initial reaction was somewhat guarded and holding to general principles. All of the Gulf Arab states issued brief statements supporting the preservation of Syria’s government institutions and stability and unity of its people. The Gulf states, like states bordering Syria, are unlikely to escape the consequences of these seismic changes in the heart of the diverse Arab east. There are concerns about the potential for renewed civil strife or terrorism in Syria and the possibility of it spreading to neighboring states Iraq and Jordan. There are already calls for greater Gulf engagement to balance Turkey’s advances and moderate the emerging Syrian leadership. The foreign ministers of Qatar, the UAE, and Bahrain joined Saudi Arabia and the other states of the Arab Ministerial Contact Committee on Syria in Aqaba, where they issued a statement pledging more robust aid and support for the transitioning Syrian government while emphasizing the need for a comprehensive and inclusive national dialogue.

  • Saudi Re sets date for new shares subscription; preemptive rights suspended

    Saudi Reinsurance Co. (Saudi Re) announced today, Dec. 25, subscription period for new shares to increase its capital, while also suspending preemptive rights. In a statement to Tadawul today, Dec. 25, the company said the subscription period will run from Dec. 26 till Dec. 30. It will be limited to the Public Investment Fund (PIF), as specified in the offering prospectus.

  • Saudi Arabia’s Absher Platform Reaches 28 Million Digital Identities Milestone

    The Absher platform serves as a comprehensive digital gateway, enabling users to access various Ministry of Interior services through three main channels: Absher Individuals, Absher Business, and Absher Government. Users can interact with more than 500 government and private entities through the unified national access portal known as “Nafath.” The platform has evolved from its original focus on passport and civil status services to become an integral part of Saudi Arabia’s Vision 2030 digital transformation strategy. Operational data reveals that the Absher platform processed over 605,000 daily operations during the past year, demonstrating the system’s robust performance and widespread adoption. The Ministry of Interior has implemented advanced technical solutions to optimize service procedures and enhance user experiences. The improvements include AI-powered verification systems and cloud-based infrastructure that ensures 24/7 availability.

  • Ministry of Interior: Over 28 million digital identities issued via Absher

    The Saudi Ministry of Interior announced that the number of unified digital identities issued through its electronic platform Absher has exceeded 28 million. These identities enable users to access the ministry's services through its platforms: Absher Individuals, Absher Business, and Absher Government. Moreover, users can interact with over 500 government and private entities via the unified national access portal "Nafath." The digital identity system supports seamless and reliable implementation of digital transformation services and national electronic transactions. By providing electronic services that meet the highest quality standards, the Ministry of Interior has played a significant role in advancing Saudi Arabia's position on the United Nations Digital Services Index.

  • Saudi Arabia leave it late to down Yemen in Gulf Cup

    Saudi Arabia came back in dramatic fashion to defeat Yemen 3-2 on Wednesday to keep their hopes of advancing to the semifinals of the 26th edition of the Arabian Gulf Cup very much alive. After losing to Bahrain in the opening match of Group B, the Green Falcons needed the victory and got it — but only just. Amazingly, Yemen, ranked 99 places below their neighbors at 158 in the world, were two goals ahead by the half hour at the Sulaibikhat Stadium in Kuwait. The first came in the eighth minute. Abdulwasea Al-Matari was given plenty of space to cross from the left for Harwan Al-Zubaidi to arrive at the middle of the six yard box just before Ali Al-Bulaihi to send a header into the net. It was Yemen’s first goal against Saudi Arabia in eight Gulf Cup games

  • Strategies for Success in Consulting: Navigating the Competitive Market in Saudi 2030

    Saudi Arabia’s Vision 2030 is a transformative national plan aiming to diversify the Kingdom’s economy, reduce its dependence on oil, and position the country as a global hub for investment, technology, and innovation. This ambitious vision offers unprecedented opportunities for consultants, but it also intensifies the competition in the market as both local and international consulting firms vie for a share of the expanding sectors. In this context, consulting firms must adopt effective strategies to navigate a competitive and fast-changing environment. This paper explores the key strategies for success in consulting, focusing on building competitive advantages, staying agile in a dynamic regulatory landscape, fostering client relationships, and leveraging emerging technologies to add value.

  • Mancini denies interference in his former Saudi Arabia job

    Roberto Mancini on Thursday dismissed claims that he had encountered interference during his spell at the helm of the Saudi Arabia national soccer team. The 60-year-old Italian left his position on Oct. 24, some 14 months after taking over from Herve Renard, who is now leading the team at the Arabian Gulf Cup held in Kuwait. Under Mancini, the Saudis were knocked out of the Asian Cup in the last 16 earlier this year after losing in a penalty shootout to South Korea. “I would like to say this for the last time, during my career there was absolutely no interference in the selection of players and I am happy with my experience and work in Saudi Arabia,” he posted on the X social media platform.

  • Saudi Arabia Prefabricated Buildings Industry Report 2024: Regional Insights, Competition, Forecast & Opportunities, 2019-2029

    The Saudi Arabia Prefabricated Buildings Market was valued at USD 2.23 Billion in 2023, and is expected to reach USD 3.52 Billion by 2029, rising at a CAGR of 7.73%. The Prefabricated Buildings market encompasses the production, distribution, and utilization of structures that are manufactured off-site and assembled on-location.

  • Snap reveals Saudi National Day’s ‘Kingdom’s Lenscape’ AR Campaign reaches 10 million users

    ‘Kingdom Lenscape’, Snapchat’s augmented reality (AR) campaign in celebration of Saudi National Day 2024, proved to be a huge hit in the Kingdom, achieving a total reach of more than 10 million, over 64 million impressions and 12.8 seconds’ average camera playtime. The ‘Kingdom Lenscape’ campaign featured two pillars; FAKHAR, focused on celebrating national pride, and KARAM, highlighting the culture of gifting and shopping. A number of prominent brands got involved, including Ounass, Huda Beauty, NiceOne, Shahid, Spotify, Alwazn Almithaly, Zyros, Saudi Investment Bank, Laverne and Alwaleed Philanthropies.

  • Saudi defense minister meets Lebanese army commander

    Saudi Minister of Defense Prince Khalid bin Salman met with Lebanese Armed Forces Commander General Joseph Aoun in Riyadh on Thursday. The meeting focused on reviewing military and defense relations between Saudi Arabia and Lebanon. They also discussed the latest developments in Lebanon and ongoing efforts to address them. Several officials from both sides were present at the meeting.