VISION 2030

Major Leap for Saudi Economy as Kingdom Set to Introduce Bankruptcy Laws

Saudi Arabia’s first international debt issuance since 1991 was oversubscribed, a good sign for the Kingdom's intentions to build a borrowing profile.
Saudi Arabia’s cabinet has approved a bankruptcy law that is likely to be a boost to the Kingdom's efforts to attract investment and provide protection for entrepreneurs, according to reports. King Salman has reportedly endorsed the new law.

Saudi Arabia

News, analysis, and more

Saudi Stock Market

MSCI Says Saudi Would Have Potential Weight of 2.3% in EM Index

Saudi Arabia would have 32 members under emerging markets classification, and a free float‐adjusted market capitalization of $124.1b, which could increase with the Saudi Aramco ...

 

Adel Al-Jubeir

CNBC Interview with Saudi Foreign Minister, Adel Al-Jubeir

We want to support Iraq in its rebuilding efforts. We want to have the best relations with Iraq that we possibly can. ...

 

Saudi Nuclear Energy

Saudi Arabia says it’s in talks with 10 other nations on its nuclear energy ambitions, calls for fairness from the US

When pressed on what Saudi Arabia would do if the U.S. failed to back its nuclear energy program, he said: "This is really something that's ...

 

Saudi Aramco IPO

For timing of Aramco IPO, watch forward oil price curve

“When will the ideal moment come?” said one of the sources. “Maybe you should also look at the forward curve for oil ... as the ...

 

Saudi-Israel

Israel, Saudis Find Common Cause in Warning of Iran Expansionism

Israel and Saudi Arabia delivered twin warnings to Iran, telling a global security conference it’s time to confront the Islamic republic’s encroachment on the Middle ...

 

Vision 2030

Commentary: A New Kingdom of Saud?

Since the early 1970s, Saudi Arabia has pursued nine successive five-year development plans (1970–74 to 2010–15) that sought to transform its relatively underdeveloped oil-based economy ...

 

Oil Price

Saudi Arabia Is Taking a Harder Line on Oil Prices

Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated oil stockpiles are almost back to normal. Yet Saudi ...

 

Banking and Finance

In boost to reform, Saudi Arabia’s cabinet approves bankruptcy law

Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom ...

 

Food Waste

Ideas to chew on: how to end food waste in Saudi Arabia

“We need a cultural shift in how we perceive food waste; in Arab culture, you are miserly and inhospitable if you try to conserve food,” ...

 

Saudia Airlines

Saudi Arabia’s national carrier now ‘subsidy-free’

Saleh bin Nasser Al Jasser, director general with Saudia, said the airline is no longer receiving government subsidies and is standing on its own two ...

 

Women in the Workforce

Saudi women can open firms without male consent

Women in Saudi Arabia can now open their own businesses without the consent of a husband or male relative, as the kingdom pushes to expand ...

 

Fashion and Retail

Riyadh to host Saudi Arabia’s first Arab Fashion Week

Saudi Arabia is set to host its first Arab Fashion Week next month as part of a push to support aspiring Saudi designers and drive ...

 

Saudi-Russia

Russia and Saudi Arabia hash over details of S-400 deliveries deal

Negotiations on supplies of Russian S-400 missile systems to Saudi Arabia are on the final lap, with the sides discussing technical and logistics details, Saudi ...

 

Special Visas

Saudi Arabia introduces free visa for foreign scientists, experts

Saudi Arabia will grant visas free of charge to foreign scientists and experts, in a move that especially aims at improving its health sector, local ...

 

Road Safety

140 kph speed limit on some Saudi highways from Monday

The amended speed limits on some expressways will come into effect on Monday, Feb. 19, Saudi Press Agency (SPA) quoted the Director of Public Relations ...

 

Saudi +

Regional and related topics

Syria

Afrin: Syria ‘sending fighters to help Kurds against Turkey’

Syrian pro-government forces will help Syrian Kurds fighting against a Turkish offensive in north-west Syria, Syria's state news agency reports. ...

 

Iran in the Region

Israel’s Netanyahu attacks ‘dangerous Iranian tiger’

In his speech, Mr Netanyahu drew a parallel between the 1938 Munich Agreement, seen as a failed attempt to appease Nazi Germany, and the 2015 ...

 

Syria Attack

400 dead Russians and Syrians, yet no one knows who ordered them to attack US forces in Syria

The United States is still unsure who directed a February 7 attack on US and US-backed forces in Syria, Defense Secretary Jim Mattis said on ...

 

Iran Plane Crash

Iran plane crash: Agonising wait continues for relatives

Relatives of 66 people who were on board a plane that crashed in Iran are desperately waiting for any news. ...

 

Automation

Nearly 20 Million Jobs In The Middle East Could Be Automated

The survey of six Middle Eastern countries showed that $366.6 billion in wage income and 20.8 million full-time equivalent employees are associated with activities that ...

 

Netflix

Netflix deal provides a much-needed boost in the Middle East

Despite what it seems, Netflix isn't a dominant force everywhere on the planet. In fact, it's struggling in the Middle East and northern Africa -- ...

 

Careem

Careem acquires online restaurant listing platform RoundMenu, to trial food delivery

Dubai-based ride-sharing company Careem which competes with Uber, acquired RoundMenu, a restaurant listing and food ordering platform that operates across the Arab world, its chief ...

 

Natural Gas

Israel to Export Natural Gas to Egypt in $15 Billion Deal

The lead partners in Israel’s largest gas fields said they signed a $15 billion export deal with Egypt, adding an economic dimension to what until ...

 

Aid Programs

To win ‘hearts and minds’ in Afghanistan, some aid programs worked better than others

Working with Kosuke Imai and Yang-Yang Zhou of Princeton University, we took up the challenge of experimentally evaluating the effectiveness of livelihood training and cash ...

 

China's Military

The People’s Liberation Army’s ever-evolving technology

Many PLA projects, including the AG600, are designed to help China assert itself as an emerging maritime power. ...

 

Egypt

3 troops killed in anti-militant operation in Sinai

Egypt's military says three troops, including an officer, were killed in restive Sinai in fighting with militants. ...

 

Kuwait

2 Kuwait royals sentenced for insulting parliament speaker

A lawyer says two Kuwaiti ruling family members have been found guilty of insulting the country’s National Assembly speaker. ...

 

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