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Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.
Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
Saudi Olympic Football Team Qualifies for Tokyo 2020, First Olympic Soccer Bid in 24 Years
Saudi Arabia and Korea Republic have become one of the first three Asian teams to secure a trip to the Summer Olympics in Tokyo, Fifa reports.
Oil Demand Growth Forecasted to Trend Higher in 2020
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
Saudi Authority Calls on UNESCO to Protect Traditional Khawlani Coffee Cultivation Techniques
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region […]
Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
The Economic Impact of Saudi Arabia Hosting the G20 Summit
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
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Video: How Saudi Aramco Became a $2 Trillion Crown Jewel
The world’s most valuable company isn't Apple, Amazon or Google. That title instead belongs to Saudi Aramco. This is the story of how an oil company that started out as an American dream became Saudi Arabia's cash cow.
Saudi Health Minister: No coronavirus cases in the Kingdom
The Saudi Minister of Health, Tawfiq Al-Rabiah confirmed that several precautionary measures had been implemented to address the new coronavirus. The ministry has increased monitoring and control procedures for flights coming directly from China.
Deutsche Bank payments to Saudi royal adviser probed
Deutsche Bank paid $1.1m to secure the wealth management business of a senior Saudi royal, according to an internal probe that led to two former staff being reported to criminal prosecutors. The scandal in the wealth management division, which involved payments to the wife of the royal’s financial adviser, highlights the legal and reputational risks to a unit that is central to the German bank’s turnround hopes.
Saudi £340m takeover of Newcastle ‘90% certain’ but leaks threaten deal
A shell company has been registered to facilitate the potential £340m takeover of Newcastle by Saudi Arabia’s sovereign wealth fund as sources close to the deal claim they are now “90% certain” it will succeed. It seems the coming week could prove critical as a tipping point has been reached, dictating that the next few days will lead to the club’s owner, Mike Ashley, selling or a takeover first proposed nine months ago founder.
Israel to Allow Its Citizens to Visit Saudi Arabia
Israel's Interior Ministry said Sunday that it will now allow Israelis to travel to Saudi Arabia for religious or business visits. The announcement is the latest sign of quiet but warming relations between Israel and Saudi Arabia. It also came days before the White House is to announce its Mideast peace plan — which is expected to seek Saudi support.
‘No, No America’: Iraq protesters demand expulsion of U.S. troops
Populist cleric Moqtada al-Sadr convened the march after the U.S. killing of an Iranian general and an Iraqi paramilitary chief in Baghdad this month. His eventual decision to hold it away from a separate anti-government protest camp, and away from the U.S. embassy, looked pivotal in keeping the march peaceful.
Explainer: How Iran’s military outsources its cyberwarfare forces
According to cyberthreat intelligence firm Recorded Future, the Islamic Revolutionary Guard Corps uses trusted intermediaries to manage contracts with independent groups. These intermediaries are loyal to the regime but separate from it. They translate the Iranian military’s priorities into discrete tasks, which are then bid out to independent contractors.
US Central Command general says troop surge in Middle East may not end soon
“Iran is very hard to read,” McKenzie said. “So I would say the fact that things are quiet for a while does not mean that necessarily things are getting better.”
Sony strengthens operations in Asia and Middle East
Newsflash: The entire top 10 of YouTube’s popular global artists chart right now perform non-English-language music. With the exception of four Puerto Rican artists (Daddy Yankee, Bad Bunny, Ozuna and Farruko), the highest-placed US-born artist on the list is Demi Lovato at No.15. Her impressive 114m weekly plays is dwarfed by the No.1 global artist, Indian act Alka Yagnik, who has over 300m.
Lebanon protests: After 100 days, mood is dark but hopes are undimmed
Lebanon’s anti-government uprising entered its 100th day on Friday with protesters in a much darker mood, reflected in their new rallying cry.
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