Saudi Arabia Launches $13b ‘Quality of Life 2020’ Program to Promote Entertainment, Health, and Sports

At a ceremony in Riyadh yesterday, the Kingdom unveiled its plans to spend 50 billion riyals ($13.33 billion) by 2020 on a new 'Quality of Life 2020' initiative to promote entertainment, health, sports and education as part of a modernizing drive by Crown Prince Mohammed bin Salman.

Saudi Arabia

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War in Yemen

Green Berets helping Saudi Arabia destroy Houthi missiles in Yemen

US Green Berets are helping Saudi Arabia locate and destroy Iranian-backed Houthi ballistic missiles and launch sites in Yemen, according to The New York Times. ...


King Abdullah Financial District

Saudi state finalized ownership transfer of $10 billion financial district | Reuters

The project, owned by the kingdom’s Public Pension Agency, has been plagued by construction delays, cost overruns and uncertainty about the future of its ownership. ...


Quality of Life

Saudi Arabia pledges billions to boost quality of life

Khatib listed a water park, three theme parks, museums and more cinemas as projects in the initiative, which is itself part of a National Transformation ...


Saudi Bonds

Saudi Arabia aims to be regional benchmark in global bond markets

The Kingdom successfully raised $11 billion on international capital markets last month with an issue that was five times oversubscribed and in which 15 percent ...


Saudi Economy

Cautious Saudi bankers give reality check on country’s economic health

Saudi Arabia’s banks are preparing for muted lending growth this year, providing a reality check on the state of the country’s economy and government efforts ...


Saudi Nuclear Program

Saudi energy minister ‘optimistic’ on South Korea being shortlisted for nuclear project

Should South Korea win the bid, it would be the country’s second nuclear exports deal. In 2009, a consortium led by state-run utility Korea Electric ...


Saudi Aramco IPO

No Quick Fix For Aramco IPO On Saudi Exchange

Khalid al-Hussan, the CEO of Tadawul, admitted that without adjustments an Aramco listing on Tadawul could account for 40% of the index. To avoid this, he ...



Report: Saudi Arabia ‘agrees deal with Vatican to build churches for Christians in the Muslim country’

During the visit earlier this year Riyadh-based Etidal, the Arabic acronym for the Global Center for Combating Extremist Ideology, discussed with the cardinal its use ...


Women in Leadership

Saudi women rev up to take the driving seat at leadership forum

The forum gathers Saudi female business leaders, decision-makers, and women who have achieved success to share their experiences and support other women to be effective ...


Women Drivers

Saudi Arabia’s ban on women driving will soon lift so some are learning to ride motorcycles

Saudi authorities have clarified that women will be permitted to drive motorcycles, vans and trucks in addition to cars. (They also cleared up a question ...



Perspective: Saudis Rush Ahead In Blockchain Race

This is not Saudi Arabia’s first brush with blockchain. The Kingdom is already testing the tech in financial services—a natural early adopter of the technology. ...



Uber launches loyalty scheme to reward Saudi drivers

The announcement follows the company’s celebration of a major milestone last year after it announced onboarding more than 150,000 Saudi partners in the kingdom and ...


Cloud Data

Saudi Arabia starts its first public cloud data centre through the SAP

There is a good news for the citizens of Saudi Arabia as the German multinational software corporation SAP has opened the first public cloud data ...


Saudi Workforce

Shopping Malls should employ only Saudi Nationals

A statement from the minister for labour and social development, posted on Twitter, defined malls as “closed commercial centres”, but did not elaborate on the ...


Saudi +

Regional and related topics


Election Could Be Political Turning Point for Lebanon

Lebanon heads to the polls this weekend for its first election in nearly a decade. The long-awaited election, along with a new voting system, will ...


Iran Nuclear Agreement

American and Iranian hard-liners await the end of the nuclear deal

As Iran's economy tanks, Rouhani faces growing criticism from opponents who never supported his efforts at détente with the West. ...



Can Israel’s Clash With Iran Be Contained in Syria?

The direct military conflict between Israel and Iran has already begun, with a series of increasingly bold (and usually unacknowledged) Israeli strikes on Iranian bases ...



Bahrain Shale Oil

The mid-case estimate for the new resource is 81.5 billion barrels of oil and 13.7 trillion cubic feet of gas in place. Based on US ...


Iranian Missiles

US takes aim at Iran’s missiles in last-ditch nuclear talks

The Trump administration has secured European backing to impose sanctions on Iran should it ever seek to develop an intercontinental ballistic missile. The agreement addresses ...



Sudan assessing military participation in Yemen: defense minister

Sudan is assessing its participation in Saudi-led military operations in Yemen, its defense minister said on Wednesday, amid growing discontent in parliament over high costs ...



Mahmoud Abbas apologises for Holocaust speech

The Palestinian president, Mahmoud Abbas, has apologised after he was accused of antisemitism following a speech in which he suggested that historical persecution of European ...


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 ...


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