ENERGY

Saudi Arabia Forms New ‘Higher Committee for Hydrocarbon Affairs’ to Oversee Oil and Gas Sectors

King Salman and Crown Prince Mohammed bin Salman
Saudi Arabia plans to form "a higher committee for hydrocarbons," which will fall under the leadership of Crown Prince Mohammed bin Salman, according to the state-run Saudi Press Agency.

Saudi Arabia

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NEOM

Planned $500 Billion Saudi Robotic City Hosts Cabinet Meeting

This is a “historic beginning for a city of dreams,” Bader Al Asaker, the head of Crown Prince Mohammed bin Salman’s private office, said on ...

 

Saudi Workforce

Burger on wheels: Saudis try once ‘lowly’ jobs as economy bites

Cultural attitudes to work are changing amid a major retooling of Saudi Arabia's lagging economy, with the country seeking to wean citizens off government largesse ...

 

Economy

Saudi economy expected to grow by 3.5% in 2018

Capital Economics (CE) is expecting Saudi economy to achieve accelerating growth in the next half of the year, according to a report issued on Tuesday. ...

 

Saudi finance ministry signs $201M financing for health, education and hospitality projects

The Ministry of Finance has signed financing agreements for 17 health, education and hospitality projects with loans amounting to SR755,810,000 ($201,413,000). ...

 

Yemen Civil War

Yemen’s Houthis halt Red Sea attacks for two weeks

Yemen’s Houthi group said on Tuesday it is unilaterally halting attacks in the Red Sea for two weeks to support peace efforts, days after Saudi ...

 

Saudi Women

Saudi Women Are Not Only Driving Cars, They Are Driving Economies

Spark, the bay area's largest community of young philanthropists invested in gender equality, and Blossom, the first accelerator for female founders in Saudi Arabia put ...

 

Higher Committee for Hydrocarbon Affairs

Saudi Arabia to form hydrocarbons committee

“The committee will be a reference for all hydrocarbon issues and everything relating to them and a representative of the state’s rights and linked to ...

 

SoftBank

SoftBank to hire Deutsche Bank’s Saudi Arabia head – report

Tokyo-based SoftBank Group Corporation is hiring Deutsche Bank AG’s Saudi Arabia head to take charge of a new office in Riyadh as the company begins ...

 

Crowd Analyzer

Crowd Analyzer secures $1.1 million funding from Gulf venture capitalists

The group of investors, led by Wamda Capital, includes Arzan Capital, Faith Capital, and Raed VC. The funds will enable Crowd Analyzer to scale up ...

 

Capital Markets

Nasdaq Dubai to launch futures on 12 Saudi firms

Nasdaq Dubai has announced the names of 12 Saudi Arabian companies on which the exchange will launch equity futures in September. ...

 

Hajj: 2018

Saudi electronic guide will give weather information to Hajj pilgrims

Saudi Arabia's General Authority for Meteorology and Environment Protection has published an electronic guide for Hajj pilgrims with advice on weather and environmental conditions. ...

 

IAEA

IAEA reviews Saudi Arabia’s nuke power infrastructure development

The IAEA team said that Saudi Arabia has made "significant progress" in the development of its nuclear power infrastructure. It noted the country has established ...

 

Tourism

Can Saudi build the infra needed to accommodate its tourism drive?

Maya Whiteley, partner, MENA real estate, hospitality, and construction sector at EY, gives details of the key issues facing Saudi’s development strategy, and how it plans ...

 

Vision 2030

SoftBank’s Vision Fund Hiring Deutsche Bank’s Chief for Saudi Arabia

SoftBank Group Corp. 9984 1.16% is hiring the head of Deutsche Bank AG’s unit in Saudi Arabia to lead a new office in Riyadh, said ...

 

Saudi +

Regional and related topics

War in Yemen

Yemen’s Houthis halt Red Sea attacks for two weeks

“The unilateral halt in naval military operations will be for a limited time period and could be extended and include all fronts if this move ...

 

Global Oil Markets

Oil heads for worst month in 2 years as Trump pressures Saudi Arabia

On Tuesday, U.S. crude was down more than $1 a barrel to about $69, on pace for a roughly 7 percent decline this month. ...

 

U.S.-Iran

Perspective: Talking to Rouhani: Is Trump shooting from the hip or following a script?

The plan meticulously lays out the arguments Mr. Trump employed to justify the withdrawal from the nuclear agreement and steps the United States should take ...

 

U.S.-Iran

Iran dismisses Trump’s overture for talks

"Negotiation is not an appropriate option given Trump's humiliation of Iran," Ali Motahhari, the deputy speaker of Iran's parliament, told the Fars News Agency, referring ...

 

Gulf Banking

Quest for Size Has Gulf Banks Rushing to Seal Takeover Deals

Lenders across the region are undergoing their biggest shake up since 2007, with almost a dozen of them involved in takeovers or mergers over the ...

 

Afghanistan

U.S. talks with the Taliban could be a breakthrough in the Afghan war

“Our view on this if you can get a cease-fire that lasts a few days, perhaps you could get another one that lasts a ...

 

Egypt

Egyptian president may seek to break two-term limit, petition suggests

A petition demanding that Egypt’s president, Abdel Fatah al-Sisi, remain in power beyond his two-term limit is circulating within Egyptian institutions and among pro-state figures. ...

 

Djibouti

Will Djibouti Become Latest Country to Fall Into China’s Debt Trap?

Djibouti lies more than 2,500 miles from Sri Lanka but the East African country faces a predicament similar to what its peer across the sea ...

 

Female Labor

Female labor force participation is about more than economics

The World Bank recently said that globally we are losing $160 trillion in wealth because of the gender gap in earnings, including $3.1 trillion in ...

 

Turkey

Turkish court rejects U.S. pastor’s appeal

A Turkish court rejected an appeal on Tuesday for an American pastor to be released from house arrest during his trial on terrorism charges, his ...

 

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