Oxford Business Group Survey of CEOs finds Confidence high in Saudi Arabia

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Saudi Arabia

News, analysis, and more

Saudi Oil Policy

IMF Boost to Saudi Break-Even Oil Price Offers OPEC Policy Clues

In a study released Wednesday, The IMF bolstered its estimate for the oil price the kingdom needs to balance the national budget this year to ...

 

Saudi Economy

Slumping economy overhangs Saudi reforms as officials, businessmen meet

At a conference with hundreds of foreign and local bankers and potential investors, ministers said privatizations and partnerships between the government and private companies to ...

 

Vision 2030

The Long Game: How Do Saudi CEOs Gauge Economic Reforms?

Despite the headline-grabbing announcement of the wholesale rejigging of the largest economy in the region, it is taking some time for the changes, particularly those ...

 

Military Spending

Report: Saudi Arabia world third highest military spender in 2017

The United States continues to top the world’s list of military expenditure with $610 billion, followed by China, which increased its military expenditure by 5.6 ...

 

Agriculture

Inside the Saudi olive farm dubbed the largest in the world by Guinness

Al-Jouf Agriculture Development Company has received a certificate of merit from the Guinness World Records as the largest modern olive farm in the world. ...

 

WWE in KSA

WWE breaks new ground with event in Saudi Arabia

Former WWE executive Bruce Prichard discusses how World Wrestling Entertainment held a major event in Saudi Arabia. ...

 

War in Yemen

Army Green Berets Secretly Help Saudis Combat Threat From Yemen Rebels

With virtually no public discussion or debate, the Army commandos are helping locate and destroy caches of ballistic missiles and launch sites that Houthi rebels ...

 

Guantanamo

Guantanamo detainee transferred to Saudi custody, 1st for Trump administration

Mohammed Ahmed Haza al-Darbi, who pleaded guilty to participating in a 2002 al-Qaeda attack on a French oil tanker off the coast of Yemen, was ...

 

ExxonMobil

Exxon and SABIC officially form JV for Gulf Coast Growth Ventures project

The project, which will be in Portland, Texas, is expected to include a 1.8 million-tonne ethane cracker, a monoethylene glycol unit and two polyethylene units. ...

 

Saudi Oil Policy

China’s Sinopec plans to cut Saudi crude oil volumes for second month in June

Sinopec, Asia’s largest refiner, plans to cut the volume of Saudi crude oil it loads in June by 40 percent for a second month, after ...

 

Archeological Sites

New drive to showcase the treasures of Saudi Arabia’s ancient city of Al-Ula

Home to dramatic desert landscapes, spectacular rock formations and some of the Middle East’s most significant ancient sites including those built by Lihyanite and Nabataean ...

 

Saudi +

Regional and related topics

ME Jobs

IMF: Mideast not growing fast enough to reduce unemployment

The International Monetary Fund said Wednesday that nearly a quarter of the Middle East’s youth are unemployed, warning that unless deeper reforms are made, millions ...

 

Iran Nuclear Agreement

Iran and the May 12th Deadline: Finding Winning Compromises

At some point this year the President will almost have to either restore sanctions and end U.S. participation in the agreement or succeed in forging ...

 

Benjamin Netanyahu

Perspective: Actually, Netanyahu’s Speech Was A Warning — And Not For Trump

But the criticism, much of it from knowledgeable Israeli and global security circles, misses some of the less obvious yet very significant rationales behind the ...

 

Iraq

In Baghdad, a sense of home resurfaces a decade after ethnic cleansing

The Baghdad neighborhood of Al-Adel was the site of a campaign of ethnic cleansing against Shiites at the height of Iraq's sectarian strife. ...

 

Qatar Dispute

JPMorgan and HSBC forced into Qatar-Saudi feud

The spillover into financial services adds a new layer of complexity to one of the world’s most perplexing diplomatic feuds. ...

 

GCC Towers

Tower projects point to Gulf developers’ optimism in 2018

Around the GCC, numerous high-profile tower projects have been launched, or have reported progress, since the beginning of this year, signalling an upward swing in ...

 

Socotra

Yemen officials say Emiratis boost forces on Socotra island

Yemeni security officials say the United Arab Emirates is boosting its troop presence on Yemen’s remote island of Socotra in the Gulf of Aden near ...

 

JASTA

Iran ordered to pay billions to relatives of 9/11 victims

The lawsuit, which was first filed in 2004 and allowed to go forward in 2016 after Congress passed Justice Against Sponsors of Terrorism Act to ...

 

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