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  • In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
     

    In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]

     
  • Raw Video Emerges of Houthi Attack on Saudi Frigate as U.S. Sends Destroyer to Red Sea
     

    Raw video has emerged online of a Houthi attack on a Saudi frigate that damaged the ship and drew the condemnation of Saudi Arabia and its allies. Suicide boats belonging to the Houthi militias from Yemen struck the Saudi frigate off Hodeida port in the Red Sea. Two crew members were killed and three were […]

     
  • December Data a Mixed Picture for Saudi Economy
     

    Saudi Arabia’s total government accounts with SAMA fell $80 billion last year, representing a significant slowdown from 2015 which saw a $116 billion net decline, according to a recently released chartbook by Jadwa Investment. The net monthly change to government accounts with SAMA remained negative in December, falling for the seventh consecutive month, part of […]

     
  • Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     
  • Saudi Energy Ministry Announces New Renewable Energy Plan for up to $50b in Investments
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     
  • Trump Turns Up Rhetoric, Threats Toward Iran
     

    The Trump administration says it is putting Iran “on notice” following two incidents in the region in the past week, including an attack on a Saudi navy ship by Iran-backed Houthi rebels. The comments came from President Trump on Twitter as he blasted the agreement to disarm Iran’s nuclear program. “Iran was on its last legs […]

     
  • U.S.-Saudi Arabia Continue Strong Defense Ties in Trump Administration’s Early Days
     

    Saudi Deputy Crown Prince Mohammed bin Salman spoke by phone with Secretary of Defense James Mattis today to discuss mutual cooperation on security issues, according to the SPA and the Saudi Gazette. The Deputy Crown Prince also serves as minister of defense and chair of the powerful Council on Economic and Development Affairs (CEDA). The U.S.-Saudi relationship is […]

     
  • Saudi Arabia Gives Final Approval to VAT
     

    The Saudi Cabinet approved on Monday a GCC-wide measure for implementing a value added tax (VAT) of 5% on certain goods, according to reports. The Unified Agreement for Value Added Tax, which will be implemented throughout the Gulf Cooperation Council (GCC) starting next year, is in line with Saudi Arabia’s goals of diversifying government revenues […]

     
  • Economy Rebounds in Saudi Arabia as Money Supply Grows
     

    Saudi Arabian money supply growth has picked up in latest data for the month of December “in a sign that the economy is regaining strength after a slump last year caused by low oil prices and government austerity measures,” Reuters reports, citing central bank data. Key notes among the Central Bank data reported by Reuters: -Annual […]

     
  • Saudi Aramco Selects U.S. Firms to Audit Reserves for 2018 IPO
     

    Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources told Reuters on Thursday. Saudi Aramco has asked a unit of oil services firm Baker Hughes – Gaffney, Cline and Associates – to carry […]

     

MUST-READS

  • Saudi Arabia operates relief air bridge to crisis-hit Sudan

    The first plane carrying aid and medical equipment left Saudi Arabia Tuesday afternoon heading for crisis-hit Sudan as part on a relief air bridge operated by the Kingdom, Al Arabiya reported. The military plane heading to Port Sudan is carrying 10 tonnes of medical equipment, shelter tents and other forms of relief for those internally displaced after being loaded at Riyadh’s King Khalid International Airport, both Al Arabiya and Saudi Arabia’s al-Ekhbariya state television reported.

  • Dubai Reefs: Inside the world’s largest artificial reef megaproject

    Dubai will soon be home to the world’s largest ocean community megaprojects – the Dubai Reefs. The project will help strengthen Dubai’s position as a leader in sustainable marine initiatives as well, according to a statement by Dubai Reefs developer URB. The upcoming floating community will feature facilities for marine research, regeneration, ecotourism, hospitality, retail, and education.

  • Kuwait cancels work, entry permits for all Filipino expats: Report

    Kuwait has suspended all work and entry visas for Filipino expats after the Philippines allegedly violated a labour agreement between the two countries, according to a report by the Kuwait Times. The report said that the suspension came at the orders of Interior Minister Sheikh Talal Al-Khaled Al-Sabah “because Philippines has not complied with the provisions of the labour agreement between the two countries.”

  • Despite Saudi-led mediation, peace in Sudan remains elusive

    Saudi Arabia on May 6 began hosting “pre-negotiation” talks between the Burhan-led Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF), headed by Hemedti.

  • Pakistan plans Russian-Saudi oil ‘cocktail’ to help cut energy cost

    Pakistan is planning to blend newly purchased Russian crude with Arabian light crude in order to create a mixture that will be more easily processed by the nation's oil refineries, Pakistan's energy minister said on Tuesday. The country is planning to purchase Russian crude oil at a discount as high prices caused by geopolitical tensions have caused fuel prices to more than double in Pakistan.

  • Turkey’s election gives Greece a migraine

    After Turks themselves, Greeks will be the closest observers of Sunday’s Turkish election and they have few illusions that everything is going to be rosy with the old foe (but fellow NATO member) across the Aegean Sea after the vote, no matter who wins. That’s not to say Greeks wouldn’t be happy to see the back of President Recep Tayyip Erdoğan, who has proved a bête noire. Erdoğan has not only engaged Greek jet fighters in dangerous brinkmanship over the Aegean Sea but has hinted he could snatch a Greek island overnight and even threatened Athens with a missile. His decision in 2020 to reconvert Istanbul’s Hagia Sophia — once Greek-speaking Constantinople’s greatest church — from a museum back into a mosque, as it had been in Ottoman times, delivered a particularly grave cultural wound to Greeks.

  • Zain KSA looks to 5G-Advanced to build a knowledge-based Saudi Arabia

    With initial work on Release 18 in 3GPP started in 2022, commercialization of 5G-Advanced networks is expected from 2024. As the technology evolves, the next-gen system will play an important role in bridging from 5G to 6G, adding new features previously not standardized in the 3GPP process. Marking the “second phase” of 5G, 5G-Advanced will deliver a new wave of wireless technology innovation. A report by GSMA Intelligence notes 5G-Advanced is designed to bring enhancements to mobility, global connectivity with non-terrestrial networks, uplink and multicast at lower latency and sub-decimetre positioning accuracy. It also will improve XR and time-sensitive communication, and further support IoT verticals with advanced features.

  • Factbox: How big is the aid crisis caused by the Sudan fighting?

    Aid workers say fighting between rival military factions in Sudan is pushing poorly-funded humanitarian programmes in the region to a breaking point. Even before the violence began on April 15, millions of people in Sudan and neighbouring countries were dependent on aid due to poverty and conflict. Since then, hundreds have been killed, including at least five humanitarians; food stocks have been looted; and many international aid workers have left.

  • Sultan Haitham the Mediator

    But when Sultan Qaboos made a special appeal to Shah Mohammad Reza Pahlavi in 1973, Iran provided 3,000 troops as well as aircraft to Oman, which proved key in Oman’s eventual victory over the rebels. At the time, Iran’s military presence in Oman caused unease among members of the Arab League, which proposed the formation of a united Arab army to replace Iranian forces, a proposal Omani Foreign Minister Qais Zawawi shot down, reportedly saying, “Our Arab brethren favor words over deeds. Which Arab state is capable of aiding Oman the way Imperial Iran has?”

  • Russia’s Oil Flows Reach New High as Output Cuts Fail to Show

    Moscow’s assertion that high exports by sea were offset by an unreported drop in piped flows to Europe doesn’t appear to stand up to scrutiny. While exports through the Druzhba pipeline to Europe have fallen, the drop happened in January and February, before the output cut. It was accompanied by a jump in seaborne exports, clearly visible in the four-week flows in the chart below. Crude cargoes on tankers continued to rise in March and April.