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  • Saudi Crown Prince Mohammed bin Salman arrives in China
     

    Saudi Crown Prince Mohammed bin Salman arrived in China on Thursday, the third stop of his tour of Asian nations that started with visits to Pakistan and India. The Crown Prince is slated to meet Chinese President Xi Jin Ping during the official visit. China is Saudi Arabia’s largest trading partner, ahead of the United States. At […]

     
  • Crown Prince Mohammed bin Salman Arrives in India for Next Stop of Asia Tour
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in India for the second stop on a three-country tour of Asian nations as the Kingdom looks to boost relationships and trade opportunities in the East. India “rolled out the red carpet for the crown prince,” Reuters reports, amid simmering tensions with neighboring Pakistan following a militant attack in […]

     
  • Visa Launches Apple Pay in Saudi Arabia as Executives Continue Probe of Absher App
     

    Visa on Tuesday launched Apple Pay in Saudi Arabia, allowing its Kingdom-based cardholders to make payments using their Apple devices, according to reports. Early reports via Apple Insider show “compatibility with previously confirmed financial partners including the country’s largest institution, the National Commercial Bank….Separately, individual banks like Al Rajhi confirmed access to the service in release notes accompanying […]

     
  • Looking East, Crown Prince Mohammed bin Salman Arrives in Pakistan
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Pakistan on Sunday for the start of a tour of several Asian nations as the Kingdom looks eastward to strengthen trade relationships and business opportunities. As is usually the case for the highest Saudi royal leaders on state visits, the Crown Prince traveled with a sizable entourage […]

     
  • Jadwa Investment Forecasts ‘Continued Improvement in the Health and Direction of the Saudi Economy’
     

    In a research report on the year ahead for the Saudi economy, Jadwa Investment said 2019 will be “marked by a continued improvement in the health and direction of the Saudi economy.” “During 2019, we expect to see a consolidation of efforts in striving towards the goals of the Vision 2030, as well as the targets […]

     
  • Once Taboo, Valentines Day is Celebrated in Saudi Arabia
     

    Before 2018 in Saudi Arabia, Valentines Day was “an old tradition kept in the dark” and not openly celebrated by Saudis, instead being secretly observed by citizens in the privacy of their homes. Then, last year, Sheikh Ahmed Qasim Al-Ghamdi, former president of the Saudi “religious police” or Ha’ia, endorsed Valentine’s Day celebrations for the first time in […]

     
  • Crown Prince Mohammed bin Salman to Visit Pakistan on Saturday, Announce $20b in Deals
     

    Saudi Arabia’s crown prince Mohammed bin Salman is set to make his first state visit to Pakistan on Saturday, where he will announce investment projects worth up to $20 billion, a senior official told VOA news. The investment is needed for Pakistan, which is cash-strapped and facing multiple regional political challenges with a recently-elected Prime Minister. […]

     
  • Crown Prince Mohammed bin Salman Lays Founding Stone on Future Saudi Tourism Spot Al Ula
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman launched more tourism projects in Al-Ula, Saudi Arabia, including a resort designed by a renowned French architect Jean Nouvel, and a nature reserve. Nouvel will build a resort in the mountains of Al-Ula as part of a plan launched on Sunday night “to transform the home of ancient civilizations into […]

     
  • Saudi Arabia to establish an independent export and import finance bank
     

    Saudi Arabia will establish an independent export and import finance bank with a capitalization of SAR 30 billion riyals ($8 billion) to provide financing to local exporters and foreign importers, the UAE-based The National reports. The Kingdom first proposed the EXIM bank to support sales of its goods abroad in 2017. The Saudi Exports Development Authority (SEDA) […]

     
  • VAT Rollout in Saudi Arabia ‘Raised More Revenue than Initially Expected’ – Latest PWC Middle East Economy Watch
     

    The latest Middle East Economy Watch quarterly report by PWC examined the economic impact of the VAT roll out in the UAE and Saudi Arabia, noting that “with some caveats, the early data suggests that the inflationary impact of the tax has been contained, the impact on growth is limited and in Saudi Arabia it has raised more revenue […]

     

MUST-READS

  • Saudi Arabia’s flag will be raised tomorrow as the only GCC member participating in 2022 Beijing Olympics

    Abdi will be the only Saudi Winter Olympian to go and will be competing in the alpine skiing Giant Slalom category. The Saudi skier arrived in the Chinese capital on Thursday in preparation for his historic participation on Feb. 13. Two other Saudis — skiers Salman Al-Howaish and Rakan Alireza — earned enough qualifying points to be eligible to compete in Beijing but Saudi Arabia was only allocated one place at the games.

  • Saudi AI startup Mozn raises $10 million Series A funding

    The Middle East’s leading Enterprise AI company, Mozn, has successfully raised $10 million in Series A funding. The funding round is led by Raed Ventures with participation from Shorooq Partners, VentureSouq, Sukna Ventures and other investors.

  • Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData

    Petrochemical projects continue to dominate the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for around 60% of the total projects starts expected during 2022 to 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Middle East Oil and Gas Projects Outlook to 2026 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that petrochemical projects would witness the highest projects starts in Saudi Arabia (45), followed by midstream (15), upstream (fields) and refineries with eight and seven, respectively. Of the 45 petrochemical projects expected to start operations in the country by 2026, 37 would be new builds and the remaining are expansion projects.

  • Saudi Arabia’s TRSDC plans artificial wetlands as project advances in construction

    The developer of the world's largest sustainable tourism sites, The Red Sea Development Co., is planning to create artificial wetlands to further improve the environment as the company is advancing construction work. TRSDC, as the company is known, plans to create 38 hectares of artificial wetlands which are expected to attract birds and bats to feed on the many insects and invertebrates that colonize the wetlands, Damian Smith, a senior manager in the project's environmental team told Arab News.

  • Aston Martin F1 team sign long-term deal with Saudi’s Aramco

    Aston Martin have signed a long-term partnership with Saudi Arabian oil company Aramco, the Formula One team said on Thursday, in a move it hopes will aid its ambition of fighting at the front of the grid. Aramco, already a major Formula One sponsor whose branding appears on trackside signage, will work with Aston Martin to help the team meet Formula One’s target for cars to be powered wholly by sustainable fuels by 2025 and develop more efficient hybrid engines in motorsport. The partnership will also involve the development and commercialisation of fuel-efficient engine technologies for road cars, advanced lubricants and the deployment of non-metallic materials in vehicles, the team said in a statement.

  • Saudi Arabia requires citizens to take COVID booster shot to travel abroad starting Feb. 9

    Saudi Arabia said on Thursday that citizens will be required to take the COVID-19 booster shot to be able to travel abroad starting Feb. 9, state media reported. The kingdom is also requiring visitors to present a negative PCR result before entry.

  • Israel participates in huge U.S. Mideast naval exercise alongside Saudi, Oman

    Israel is taking part in a huge U.S.-led naval exercise in the Middle East, for the first time publicly joining Saudi Arabia and Oman, two counties it has no diplomatic relations with despite its normalisation of ties with some Gulf states. The International Maritime Exercise 2022 (IMX 22) includes around 60 countries and comes amid heightened Gulf tensions after missile attacks on the United Arab Emirates by Yemen's Iran-aligned Houthi movement, including a foiled attack aimed at a base hosting U.S. forces.

  • Japan’s foreign minister praises partnership with Saudi Arabia during Prince Faisal talks

    During a telephone conversation on Tuesday with Prince Faisal bin Farhan, Minister for Foreign Affairs of Saudi Arabia, Hayashi pledged Japan’s proactive efforts to ease tensions in the Middle East. Hayashi also stated that Japan will support Saudi Arabia’s efforts to diversify its industry through both public and private sectors under the Saudi-Japan Vision 2030 framework.

  • Amnesty accuses Israel of enforcing ‘apartheid’ on Palestinians

    The London-based rights group said its findings were based on research and legal analysis in a 211-page report into Israeli seizure of Palestinian land and property, unlawful killings, forcible transfer of people and denial of citizenship.

  • Saudi AgriTech start-up Red Sea Farms to expand in the US

    The Controlled Environment Agriculture Centre at the University of Arizona's College of Agriculture and Life Sciences will evaluate the company's latest technology with the aim of introducing it in the world’s largest economy, Red Sea Farms said on Monday. “Many parts of the US are water-scarce with seasonal harsh climates, making it a challenge to grow fresh produce year-round,” said chief executive Ryan Lefers.