IMF: Saudi Arabia Making ‘Good Progress’ on Vision 2030, Should Focus on Balanced Budget in 2023

Crown Prince Mohammed bin Salman at a Boeing facility in Washington state.

Saudi Arabia

News, analysis, and more

IMF

IMF urges Saudi not to boost spending as oil rises as reforms progress

Saudi Arabia’s economic reforms are going well, the International Monetary Fund said after annual consultations with authorities, urging the government not to boost spending in ...

 

Detentions

Saudi Arabia expands crackdown on women’s rights activists

Saudi Arabia has arrested at least three more women’s rights activists in a widening crackdown just weeks before a ban on women driving is set ...

 

Saudi-Iraq

Saudi Arabia: Back to Baghdad

Saudi Arabia has been forging links to Iraq since reopening its Baghdad embassy in 2016. Its adversary Iran has strong Iraqi ties. If Riyadh avoids ...

 

U.S.-Saudi Relations

Congress reviewing sale of precision munitions to Saudis, UAE

The Trump administration, working to increase exports of U.S.-made weapons, has asked the U.S. Congress to review the sale of more than 120,000 precision-guided munitions ...

 

Trump Administration

Perspective: Saudis and Emiratis face the pitfalls of courting Trump

Ahead of the 2016 election, countries such as Saudi Arabia and the United Arab Emirates saw a potential Trump presidency as an opportunity for a ...

 

Transportation

Step Aboard A Passenger Train In Saudi Arabia

NPR boards a passenger train that crosses the vast, harsh Saudi Arabian desert, from the capital Riyadh to the eastern oil city of Dammam. ...

 

Saudi Women Drivers

Saudi women with valid overseas license will be exempted from driving test for beginners

The Saudi traffic department posted on their official Twitter account On Saturday: 'We invite all citizens and residents of the Kingdom who wish to replace their ...

 

General Entertainment Authority

Ramadan fun activities reflect on Saudi Arabia’s potential

“We can finance up to 30 percent  of events taking place in the Kingdom for the first time; the financial support is usually given to ...

 

Justice

Saudi Courts Restore 3.4 Billion Dollars from Implementing Foreign Rulings

Saudi enforcement courts revealed the recovery of more than 3.4 billion dollars (around 13 billion Saudi Riyals) after enforcing a number of foreign rulings. The ...

 

Transportation

Saudi Arabia joins global customs transit system

Saudi Arabia has become the 74th country to ratify the TIR Convention, a multilateral treaty to simplify and harmonize the administrative formalities of international road ...

 

Anti-Corruption Commission

Saudi Takes Part in UN Anti-Corruption Meeting, Mark 15th Anniversary of Convention Adoption

Saudi Arabia, represented by a delegation from the National Anti-Corruption Commission (Nazaha), will take part on Wednesday in a high-level meeting of the U.N. General ...

 

Privatisation

Expect ‘increasing privatization’ in Saudi Arabia soon: Researcher

Nishit Lakhotia of SICO says Saudi Arabia has raised incomes and taken steps to push privatization to diversify its economy. ...

 

Saudi +

Regional and related topics

Global Energy Markets

Geopolitical implications of U.S. oil and gas in the global market

The United States became the world’s largest producer of petroleum hydrocarbons in 2013 and has been the world’s largest producer of natural gas since 2009. ...

 

Global Energy

A Greener Planet Could Slash Oil Company Income by $19 Trillion to 2040

Bloomberg New Energy Finance estimates global power demand will surge 58 percent by 2040 from 2016 levels, with $10.2 trillion of investment needed in the ...

 

Israel-Palestine

Opinion: Hamas, Netanyahu and Mother Nature

There are now about 2.7 million Palestinians in the West Bank, 2 million in Gaza and 1.84 million Israeli Arabs, for a total of about ...

 

EU and Iran Sanctions

Trump, Iran, Europe: A Rebellion of the Lambs?

But Germany has more than 100 companies established in Iran, and 10,000 which trade with it. The Italians are very present; the French have Peugeot, ...

 

Iraq

U.S. in contact with Iraqi ex-foe Sadr after his surprise election win: Sadr aide

The United States has contacted members of a political bloc in Iraq led by a former foe, the Shi’ite cleric Moqtada al-Sadr, after his election ...

 

Hezbollah Sanctions

US and Gulf countries announce fresh Hezbollah sanctions

The new sanctions were imposed jointly with the Gulf-based Terrorist Financing and Targeting Centre (TFTC), which includes Gulf Cooperation Council-member countries. ...

 

Iran in the Region

US sanctions five Iranians over missile support to Houthis

The sanctions target Mahmud Bagheri Kazemabad, Mohammad Agha Ja’fari, Javad Bordbar Shir Amin and Mehdi Azarpisheh. The Treasury Department accused those four of assisting the Houthis ...

 

War in Yemen

CENTCOM releases some Yemen strike information, but gaps remain

The United States has conducted 27 counterterrorism strikes in Yemen in 2018, but has only offered complete information on two. One of the attacks hit ...

 

UAE

UAE To Allow 100% Business Ownership For Companies As Part Of Changes To Visa System

The plan is expected to result in a clear boost for UAE’s emerging small businesses, as the country now has plans to allow for 100% ...

 

Sovereign Wealth Funds

Public sector investor assets surge 7.3 percent to $36 trillion, biggest jump in 5 years

Public sector investor assets surged $2.5 trillion or 7.3 percent in 2017 to $36.2 trillion, the biggest jump in five years, an annual report showed ...

 

Egypt

Egypt detains activist blogger amid new wave of arrests

An Egyptian activist and blogger known for documenting police abuse was detained on Wednesday, security officials said, the latest in a new wave of arrests ...

 

Israel-Palestine

GCC warns against ‘serious consequences’ of US move, denounces Israeli actions in Gaza

Setting aside their differences, the six nations that make up the Gulf Cooperation Council (GCC) collectively condemned Israel’s targeting of unarmed Palestinian protesters and the ...

 

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