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Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.
Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters] —- A new […]
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.
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Air Liquide pumps hydrogen to Saudi Aramco unit in shift from oil
Air Liquide Arabia (ALAR) on Tuesday began pumping hydrogen through its $400 million pipeline network in Saudi Arabia’s Red Sea city of Yanbu and will supply a Saudi Aramco refinery as the kingdom seeks to shift towards cleaner fuel. Pressure has mounted on the world’s biggest fossil fuel producers to reduce their carbon emissions as concern mounts among policy-makers, investors and the general public about their impact on global warming.
Jared Kushner Says Saudis Will Like Much of Peace Plan in Interview with Bloomberg Television
Saudi Arabia shares common goals with Israel and its leadership will approve of much of Donald Trump’s peace plan unveiled on Tuesday, the president’s son-in-law and senior adviser Jared Kushner said in an interview. Like Israel, the Saudis view Iran and Islamic militant groups as their primary threat, and it’s in their interest to solve the regional conflict with Israel, Kushner, who is close to Saudi Crown Prince Mohammed bin Salman, said in the interview on Tuesday with Bloomberg Television.
Saudi Arabia to inaugurate National Theater Initiative
The curtain has risen on an ambitious new era for Saudi theater — and its future looks bright, if the launch of the National Theater Initiative at the King Fahd Cultural Center on Tuesday night is any indication. The evening’s entertainment began with a speech from Minister of Culture Prince Badr bin Abdullah bin Farhan, in which he offered his thanks for the “unprecedented” level of support for the theatrical arts the ministry has received, especially from King Salman and Crown Prince Mohammad bin Salman.
Saudi Arabia’s Hail Season launches mountain bike racing
Hail Season is organizing four days of mountain bike racing on Aja Mountain starting on Wednesday, with the participation of 150 bikers from all over the world, the Saudi Press Agency reported.
Explainer: How Iran’s military outsources its cyberwarfare forces
Iran’s cyberwarfare capability lies primarily within Iran’s Islamic Revolutionary Guard Corps, a branch of the country’s military. However, rather than employing its own cyberforce against foreign targets, the Islamic Revolutionary Guard Corps appears to mainly outsource these cyberattacks.
The US is bombing in Afghanistan reaches nearly 10-year high
According to U.S. Air Forces Central Command, U.S. aircraft dropped 7,423 munitions in 2019 — that’s the highest number of bombs released in nearly a decade. In 2018, U.S. warplanes dropped 7,362 bombs — the second highest total in a year thus far since AFCENT began publishing the number of munitions released in Afghanistan.
China now 2nd largest arms producer
In its annual report, SIPRI said it had “identified information from 2015–17 on the value of arms sales by major Chinese arms companies,” and looked at four companies that cover three sectors of conventional arms production: aerospace, electronics and land systems, “for which credible financial information is available.”
Perspective: Iran’s Leadership Works to Heal Rifts Opened Amid Protests, U.S. Pressure
The spat between the president and the armed forces, is a “struggle to apportion blame for the tragedy,” said Mr. Harris. While the military says a single officer was at fault, he said, “Rouhani and his bureaucrats want to shift the blame onto the whole military as an institution, to hopefully claw back some political capital from the tragedy.”
A New Year in Saudi Mining
Saudi Arabia’s mining and metal and mineral processing industry contributes about $17 billion to the kingdom’s gross domestic product per year and employs approximately 250,000 people. Mining activities comprise 15% of the sector’s contribution while the remaining 85% is linked to the value created by the midstream and downstream processes that follow extraction.
Saudi FM: The killing of Khashoggi was a terrible crime: Video
Saudi Arabia's Minister of Foreign Affairs Faisal bin Farhan al-Saud discusses the killing of journalist Jamal Khashoggi with CNN's International Diplomatic Editor Nic Robertson.
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