INVESTMENT

S&P Dow Jones to Upgrade Saudi Stocks to Emerging Market Next Year

Crown Prince Mohammed bin Salman.
Global equity index compiler S&P Dow Jones Indices will upgrade Saudi Arabia’s bourse to emerging market status from a stand-alone market next year, becoming the latest in a series of index firms to promote Riyadh.

Saudi Arabia

News, analysis, and more

Saudi Aramco

JPMorgan and Morgan Stanley reportedly picked to advise on Saudi Aramco’s SABIC deal

JPMorgan and Morgan Stanley have reportedly been picked to advise on Aramco’s plan to buy a possible 'strategic stake' in petrochemical maker SABIC. ...

 

Economy

Saudis Load Up on Debt as Government’s Austerity Program Bites

Since the beginning of 2018, the government has raised fuel and utility prices, introduced value added tax and imposed a levy on some temporary foreign ...

 

War in Yemen

Houthi Attack Damages Saudi Ship off Yemen Coast

"The Saudi oil tanker was subjected to slight damage due to the attack by the Houthi militia," said a statement carried by Saudi state media. ...

 

NEOM

Check Out the Saudi Cement Makers Boosting Output for Mega-City

Tabuk Cement and Hail Cement, both located in the desert kingdom’s northern region, have increased output almost every month this year while most of their ...

 

Madain Saleh

Madain Saleh: Pictured thru the writer’s eye

The Kingdom brings to mind images of undulating sand dunes and herds of camels. But traveling to the northwest corner of Saudi Arabia, we arrived ...

 

King Abdullah Petroleum Studies and Research Centre

Video Tour of Zaha Hadid Architects’ Saudi Arabian Research Center

KAPSARC, which was one of several designs by Zaha Hadid prior to her passing, was recently shortlisted in the Higher Education and Research category of ...

 

Saudi Economy

MENA Country Report Saudi Arabia 2018

Although the gradual implementation of “Saudi Vision 2030” should be the driving force of medium-term growth of the non-oil economy, many obstacles remain. ...

 

Wind Energy

Researchers Find “Considerable Potential” For Wind Energy In Saudi Arabia

Determining the potential for wind energy requires either intense and widespread observational data or highly fine-tuned computer modelling — both of which have been absent ...

 

Royal Saudi Navy

US awards $450m contract for MMSC production for Saudi Arabia

The deal will see Saudi Arabia acquire four surface combatants as part of a larger agreement with the US to improve global security and support ...

 

Banking

Saudi lender NCB lifted by rise in fees and investment income

Saudi Arabia’s National Commercial Bank(NCB), the kingdom’s largest lender, reported a 6.7 percent rise in second-quarter net profit on Tuesday on increased fees, commission and ...

 

Diriyah Gate Development Authority

Saudi Crown Prince hires CEO for giant Riyadh tourism project

Inzerillo will oversee the restoration of Diriyah and the development of new museums, academic institutions and “edutainment” facilities, as well as resorts, restaurants, wellness facilities ...

 

Labor Courts

Saudi Arabia gets ready for labor courts early next year

According to the latest statistics revealed in Q1 2018; there are around 13 million workers in Saudi Arabia (10 million foreign and 3 million locals). ...

 

Saudi Students Awarded

King Abdulaziz Medal awarded to drowned Saudi students

Custodian of the Two Holy Mosques King Salman awarded the King Abdulaziz Medal First Class posthumously to the two late Saudi scholarship students, Jasser Bin ...

 

Hajj Administration

Makkah Road initiative eases pilgrims’ entry into Saudi Arabia

The decision to introduce the service in Malaysia and Indonesia was made on the basis of the large numbers of pilgrims coming from those two ...

 

Saudi +

Regional and related topics

Russia in the Region

Perspective: Russia Can’t Control What Happens in Syria

Although Russia is, in the words of the unamed Israeli official, “a significant factor in Syria,” it isn’t clear that it can prevent Iranian activity ...

 

Anti-ISIS Campaign

Defeat of ISIS in Syria just 2 to 3 months away, commander says

The Islamic State’s once-grand and terrorizing hold of Syria is down to just a small patch of land about 20 miles by six miles along ...

 

Anti-ISIS Campaign

Coalition says it killed Islamic State members targeting Saudi Arabia, West

The U.S.-led coalition fighting Islamic State said on Tuesday it has killed high-value leaders from the group who were planning attacks targeting Saudi Arabia, the ...

 

China in the Region

China probing emerging UAE reserves

The Abu Dhabi National Oil Co. awarded a subsidiary of China National Petroleum Co. with a $1.6 billion contract to conduct seismic surveys covering about ...

 

Qatar

Qatar to upgrade air base used by U.S. to fight terrorism

Expansion of the base, which houses about 10,000 U.S. military personnel, will include new family housing facilities for more than 200 officers and other infrastructure ...

 

Pakistan

Pakistan election: Dozens killed as voters go to polls

Violence has erupted as millions head to the polls in Pakistan, with at least 31 dead in the worst attack, a bomb in the city ...

 

Afghanistan

US strikes continue an upward trend in Afghanistan

U.S. airstrikes against the Islamic State militant group and the Taliban in Afghanistan continue to grow as the 17-year-old war in the country pushes into ...

 

U.S.-Turkey

F-35 Transfers to Turkey Held Back Under U.S. Defense Measure

Transfers to Turkey of Lockheed Martin Corp.’s F-35 would be barred temporarily under a compromise defense policy measure agreed to on Monday, according to House ...

 

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