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  • Trump’s Complex Global Business Interests Could Present Problems for President-Elect
     

    President-elect Donald Trump’s complex business dealings before and during his candidacy for the office, and now after his victory on November 8th, continue to draw scrutiny from the media and elected officials in the United States. The president-elect has drawn additional attention for his initial meetings with world leaders that apparently mix his business and family […]

     
  • Government Makes Payments to Construction Companies as MMG Sends Letter to Deputy Crown Prince Warning of Operations Halt
     

    Saudi Arabia has reportedly made good on $10.7 billion that it owed to private sector companies, according to Arab News, but one construction firm said on Monday that it wrote directly to the Deputy Crown Prince warning it may need to cease operations.  Mohammad Al Mojil Group (MMG) said in a short statement through Saudi […]

     
  • Three New Ventures by MiSK to Boost Innovation, Training and Investment
     

    Deputy Crown Prince Mohammed bin Salman’s MiSK Foundation launched three new strategic ventures in Riyadh aimed “at comprehensively building the skills, knowledge and capability for economic growth within the Saudi Arabian tech sector,” Reuters and the Saudi Gazette reports. MiSK Academy, MiSK Technovation and MiSK Booster mark a significant new development in the foundation’s work to empower, […]

     
  • Updated LinkedIn Profiles Indicate Key Hires by Saudi Arabia’s PIF
     

    Recently updated LinkedIn profiles indicate a hiring spree by Saudi Arabia’s Public Investment Fund (PIF) as the Kingdom looks to use the sovereign wealth fund to jump-start its reform plans. Reuters reports that several executives have updated their LinkedIn profiles to indicate a new affiliation with the PIF, but the PIF did not comment directly on […]

     
  • Saudi, Russia Energy Ministers to Meet in Doha as Output Cut Deadline Looms
     

    Saudi Arabia and Russia energy ministers will meet in Doha, Qatar this week on the sidelines of Gas Exporting Countries Forum (GECF), industry sources quoted by the Wall Street Journal said. The meeting comes as OPEC and non-OPEC members try to solidify an oil output limiting deal agreed to in September. OPEC is hoping to complete […]

     
  • Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
     

    The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]

     
  • Saudi GDP to Grow at 1.8%, Central Bank Says in Annual Report
     

    The Saudi Arabian Monetary Agency (SAMA) expects gross domestic product to grow 1.8 percent this year, the central bank said in its 52nd annual report released on Monday. The figure is higher than the IMF forecast of 1.2%.  The non-oil sector is expected to expand 2.5 percent and the oil sector, 1.2 percent, SAMA said. Real economic […]

     
  • GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years. The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination […]

     
  • At Ceremony in Seattle, Saudia Receives First Boeing B777-300ER, Commits to Vision 2030 Goals
     

    Saudia’s top executive held a press conference in Seattle on Tuesday announcing the Kingdom’s commitment to the goals of the government’s Vision 2030 reform plans, a day before receiving the airlines’ first Boeing B777-300ER aircraft supplied with new and luxurious compartments for first class passengers. Saudia Director General Saleh Bin Nasser Al-Jasser said that the […]

     
  • Saudi King Salman Congratulates Trump
     

    Saudi King Salman on Wednesday congratulated Republican Donald Trump on winning the US presidency. King Salman said both Saudi Arabia’s government and its people “offer their best wishes for the new US leader” and also “wished more progress for the US government and its people, and more ease for the new Trump administration to be […]

     

MUST-READS

  • Saudi shares advance after Eid while Abu Dhabi dips on oil uncertainty

    Saudi Arabia's stock market ended higher on Tuesday after a five session break for the Muslim festival of Eid al-Fitr, while the Abu Dhabi index, which resumed trading on Monday, closed lower. Saudi Arabia's benchmark index (.TASI) advanced 0.9%, buoyed by a 3.9% jump in oil giant Saudi Aramco (2222.SE).

  • Saudi airport bans certain luggage types

    An airport in Saudi Arabia has issued advice on banned luggage types for all passengers. Jeddah’s King Abdulaziz International Airport has informed passengers not to travel with certain baggage. The airport shared the advice on social media, informing passengers which luggage would not be allowed on planes.

  • What role will Middle East play in Ukraine’s post-war reconstruction?

    Last month, a joint assessment by Ukraine’s government, the World Bank, the European Commission, and the United Nations estimated that the cost of reconstructing Ukraine is now at $411 billion. Since Russian President Vladimir Putin launched his full-scale invasion in February 2022, Western allies have made a raft of commitments to help rebuild the war-torn state. Italy will host a bilateral conference later this month on funding Ukraine’s reconstruction, while London will host a global conference in June for political and business leaders from all over the world.

  • A Golden Week for China Air Travel May Stem Oil Price Drop

    Some 170 million Chinese holidayed abroad in 2019, before the pandemic struck. That figure sank to less than 9 million last year at the height of China’s lockdowns. The likelihood of dramatically more air travel explains why jet fuel consumption in China is widely seen as the single biggest driver of world oil demand growth this year, according to JPMorgan Chase & Co.

  • Commentary: LIV Golf, sportswashing and women’s rights in Saudi Arabia in the spotlight as Adelaide event wraps up

    The LIV Golf show, for now, is over. The caravan has rolled on, but not before scenes of wild celebration throughout the weekend. And judging by early reports from fans, players and government officials, it was a success. General-admission tickets were sold out well before the tournament began, giving South Australians and others a rare glimpse at this country's best golfer, British Open champion Cameron Smith.

  • Floating wind power gains traction but can it set sail?

    About 80% of the world's offshore wind power potential lies in waters deeper than 60 metres, according to the Global Wind Energy Council (GWEC), meaning floating turbines will be vital for some countries with little space left on land and steep coastal shelves to decarbonise their power sectors. Winds are stronger and more continuous further out to sea so floating turbines can generate more power than those fixed to the seabed near to shore - and they less visible from the coast, reducing the risk of resistance from local communities.

  • Ukraine war spurs record global spending on military, Stockholm think tank says

    Global military spending rose to a record last year as Russia's war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday. World military expenditure rose by 3.7% in real terms in 2022 to $2.24 trillion, the Stockholm International Peace Research Institute (SIPRI) said in a statement.

  • Eid Al-Fitr prayer proves to be a memorable and heartfelt affair for Saudi residents

    As Muslims across the globe prepare to celebrate the first of two eids on the Muslim calendar, many initiate the day’s festivities with a morning prayer. The Eid Al-Fitr prayer has long surpassed its type as a sunnah (an action of the Prophet Muhammad) and positioned itself, emotionally, as a fardh (obligatory act) in the hearts of Muslims around the world and across the Kingdom.

  • Eid Al-Fitr prayer proves to be a memorable and heartfelt affair for Saudi residents

    As Muslims across the globe prepare to celebrate the first of two eids on the Muslim calendar, many initiate the day’s festivities with a morning prayer. The Eid Al-Fitr prayer has long surpassed its type as a sunnah (an action of the Prophet Muhammad) and positioned itself, emotionally, as a fardh (obligatory act) in the hearts of Muslims around the world and across the Kingdom.

  • Rippers roll in Adelaide as LIV lands Down Under

    After falling short in their bid to gatecrash the Masters, the stars of LIV Golf break fresh ground in Adelaide this weekend when they take the rebel tour to Australia for the first time. Eighteen of the circuit's 48 players teed it up at Augusta two weeks ago with Brooks Koepka and Phil Mickelson coming closest to landing a blow for the Saudi-backed LIV circuit when they shared second place behind PGA Tour loyalist Jon Rahm. The American duo, winners of 10 majors between them, will again be in competition at The Grange starting on Friday with Koepka the skipper of "Smash" and Mickelson leading "Hyflyers" in the hybrid individual-team competition.