SAUDI ECONOMY

Jadwa Investment Chartbook: SAMA Reserves Rise and Other Positive Signs for Saudi Economy

Crown Prince Mohammed bin Salman.
The latest monthly edition of the Saudi Chartbook published by Jadwa Investment finds positive indicators for the Saudi economy as growth picks up in the Kingdom.

Saudi Arabia

News, analysis, and more

Women Drivers

Saudi Arabia issues driver’s licenses to women ahead of ban being lifted

Saudi Arabia has issued its first driver's licenses to 10 women ahead of June 24, when the Kingdom's due to end the world's only ban ...

 

Uber

Why Saudi Arabia’s Women Drivers Are Important for Uber

Since its founding in 2009, the company has grown to dominate 77% of the ride-hailing market. Last quarter, it raked in $2.5 billion in profits. ...

 

Saudi Economy

Saudi economy returns to growth on back of oil price rises

The Saudi economy pulled out of recession in the first quarter of 2018 thanks to oil price rises, a think-tank said Tuesday. ...

 

Tourism

Saudi tourists spent around $21 billion abroad in 2017

Saudis spent around SR78 billion ($21 billion) on tourism overseas last year, down 20% from the previous year, which amounted to SR97.3 billion ($26 billion), ...

 

Eid al Fitr Holiday

Saudi Arabia announces Eid holidays for public sector

The break will start from Friday, June 15, and employees are expected to resume duty on Sunday, June 24. ...

 

Vision 2030

Thomas Friedman: Young Saudis really want their country to succeed

"What always interests me when I go to Saudi Arabia is that it’s more interesting than I expect. The image (outsiders have of Saudi Arabia) ...

 

World Cup: 2018

Saudi Arabia squad guide: Full fixtures, group, ones to watch, odds and more

Arriving as the tournament’s lowest ranking side, Saudi Arabia may not be the most prolific achievers at a World Cup but history has shown they ...

 

Saudi Football

World cup 2018 Saudi Arabia roster announcement ranks as one of the best: Video

Saudi Arabia may be the lowest-ranked team in the World Cup field, but its 23-man roster announcement ranks as one of the best ...

 

Ministry of Culture

Prince Badr Named Saudi Arabia’s First Minister of Culture

In his newly established role, the prince will oversee all activities related to culture. “The mission of this ministry is to cater toward culture in ...

 

Minister of Islamic Affairs

New Saudi Islamic affairs minister expert in jurisprudence with moderate social views

He is known to specialize in women’s issues in Islam, including the issues of female employment and gender mixing. ...

 

Saudi Aramco

Saudi Aramco raises Asia oil pricing to four-year highs on demand

Saudi Arabia, the world’s largest oil exporter, raised pricing on key crude grades for buyers in Asia to the highest since 2014 as demand builds ...

 

Saudi Aramco IPO

Saudi Aramco restructures non-oil assets ahead of IPO: sources

Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some ...

 

Saudi Landscapes

On a photographic journey documenting beauty of nature in Saudi Arabia

Diversity of nature, different terrain and climate variability have been captured through the lens of Saudi photographer Abdul Rahman al-Bariya. ...

 

Royal Reserves

Natural reserves to become tourist attractions

Saudi Arabia has made huge strides in environmental protection with initiatives to preserve the natural environment and wildlife that will boost ecotourism, reduce fishing and ...

 

Saudi-Qatar

Saudi Ministry of Hajj says Qataris welcome to perform Umrah

Saudi Arabia's Ministry of Hajj and Umrah said on Monday that Qataris are welcome to visit the kingdom to perform Umrah rituals. ...

 

Saudi-Oman

Oman: New road to Saudi reduces trip by 800km

The quickest route between Oman and Saudi Arabia is currently 1,638 kilometres long, passing through the UAE and taking between 16 and 18 hours. The ...

 

Healthcare

Saudi Arabia needs 5,000 hospital beds by 2020: Study

Saudi Arabia will need an extra 5,000 hospital beds by 2020 and 20,000 more by 2035 to meet the requirements of its growing population. The ...

 

Saudi Aramco

Saudi Aramco names new head of finance after government reshuffle: sources

Saudi Aramco has named six new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil ...

 

Ramadan 2018

Saudi King Salman Arrives in Makkah for Remainder of Ramadan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz arrived in the city of Makkah on Monday evening where he will spend the final ...

 

Telecom

Zain Saudi Arabia refinances $1.5bn loan deal

Mobile Telecommunications Company Saudi Arabia, better known as Zain, has announced that it has successfully refinanced and extended the maturity date of its existing syndicated ...

 

Saudi +

Regional and related topics

Airline Dispute

U.S. and Gulf States Call Truce on Open Skies Airline Dispute

The rapid rise of the three Gulf “super-connector” airlines – Emirates, Etihad, and Qatar Airways – has been a source of concern for many global ...

 

Permian Basin

Inside America’s oil boom

In April, an average of 449 rigs were drilling holes in the Permian, according to market-data firm Baker Hughes. That was 44% of all the ...

 

Oil Production

U.S. Asks OPEC for 1 Million Barrel a Day Oil Output Hike

The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according ...

 

Iran Nuclear Agreement

Iran nuclear deal: Supreme leader orders uranium enrichment

Iran's supreme leader has ordered preparations to begin to increase uranium enrichment, ramping up pressure on European states struggling to keep the Islamic Republic in ...

 

IT in the Middle East

Spotlight on the Middle East: The Emerging IT Economy

We focus on how countries in the Middle East region are trying to diversify their economies away from oil revenues. We look at how Saudi ...

 

U.S.-Saudi Relations

Saudi Arabia to Support U.S. Bid to Host Soccer’s 2026 World Cup

Saudi Arabia will back a joint bid by the U.S., Canada and Mexico to host soccer’s 2026 World Cup, underlining its eagerness to strengthen ties ...

 

Islamic Development Bank

Islamic Development Bank to move staff outside Saudi, lead projects in strategy shift

The Jeddah-based Islamic Development Bank (IsDB) will move hundreds of its staff outside Saudi Arabia and play a lead role in designing investment projects as ...

 

U.S.-Turkey

US, Turkey say plan reached to resolve rift over Syria town

U.S.-backed Kurdish fighters will withdraw from the key Syrian town of Manbij under a deal reached with the Trump administration, Turkish officials said Monday, potentially ...

 

Turkey

Turkey assures Iraqis it won’t cut off water on Tigris River

Turkey's ambassador to Baghdad has assured Iraqis his country won't cut off water supplies to the Tigris River, days after it started filling up a ...

 

Jordan

Jordan’s Prime Minister Quits as Protesters Demand an End to Austerity

Escalating economic pressures on Jordan threatened to turn into a political crisis on Monday, as the prime minister resigned amid nationwide protests against proposed tax ...

 

Israel-Iran

How Does Israel’s Military Compare to Iran?

Though it would appear that neither nation wants a full-scale war, the potential for miscalculation and escalation remains. Both nations have considerable military clout, and ...

 

Afghanistan

The Afghan Air Force may be one of the few success stories in a 17-year war

After a scathing quarterly report to Congress cast more doubt on the security situation in Afghanistan, few things in the wayward country appear to be ...

 

Cyber Security

NATO’s Most Urgent Pledge Isn’t 2%-of-GDP. It’s Better Cyber Defense.

“The Cyber Pledge has a multiplier effect across the Alliance,” Stoltenberg said, helping “nations to look at their cyber-defences in a far broader, more holistic ...

 

Investment

Gateway Partners Mulls Saudi, U.A.E. Deals for $757 Million Fund

Gateway Partners Ltd., the private equity company led by former Standard Chartered Plc banker Viswanathan Shankar, plans to fully invest its first $757 million fund ...

 

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