SAUDI FOREIGN RESERVES

Saudi Foreign Reserves Continue to Rise, Expected to Reach $536b by 2019 — Jadwa Investment

Saudi Arabia’s first international debt issuance since 1991 was oversubscribed, a good sign for the Kingdom's intentions to build a borrowing profile.
SAMA FX reserves rose by $1.8 billion month-on-month to stand at $506 billion in June, a recently released report by Jadwa Investment said, noting that FX reserves have risen by $10 billion during the year so far.
 

GOVERNANCE

saudi-leadership-council-of-ministers6

PHOTOS: King Salman, Crown Prince Mohammed Host First Cabinet Meeting in NEOM

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman arrived in NEOM for a working holiday, chairing the first ...

Saudi Arabia

News, analysis, and more

Oil Prices

OPEC Oil Production Climbs as Saudi Arabia Pumps Near Record

The kingdom’s oil production grew by 230,000 barrels a day in July, to 10.65 million barrels per day. This is just shy of an all-time ...

 

Public Investment Fund

Commentary: Debt finance is a fact of life for modern economies, as PIF has recognized

The idea of a cash-rich SWF looking for a loan might strike some as bizarre, but there is a logic and precedence to it. SWFs ...

 

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. ...

 

Foreign Reserves

Saudi foreign reserves rise $1.8bn in June to $506bn

Saudi Arabia's foreign exchange reserves rose by $1.8 billion during June to stand at $506 billion, according to a new research note from Jadwa Investment. ...

 

Economy

Owning a food truck has become the trend du jour among Saudi youth

Dishing out burgers and fries slathered with melted cheese, “One Way Burger” is like any other trendy food truck in Riyadh. But it offers something ...

 

Hajj: 2018

Saudi ports see 5% year-on-year increase in pilgrims arriving so far

According to figures released by the Directorate General of Passports the number of pilgrims to pass through the Kingdom’s passport control has already reached 603,764 ...

 

Yemen Civil War

Saudi, Yemeni FMs discuss rebuilding program for war-torn Yemen

Saudi Foreign Minister Adel Al-Jubeir discussed the latest developments in Yemen with his Yemeni counterpart Khalid Al-Yamani who called on him at his office in ...

 

NEOM

Insight into Unbuilt NEOM Megacity ahead of Saudi Royal Visit

NEOM is envisioned as a 10,200-square-mile (26,500-square-kilometer) center for technology and business, fully powered by renewable energy. While serving as a hub for innovation in ...

 

SPARK

Saudi’s Dammam to see $6bn GDP boost from SPARK energy park plan

JLL report says King Salman Energy Park is set to boost sectors of Dammam Metropolitan Area's real estate market ...

 

Solar Power

Saudi’s Zahid takes major stake in German PV company Greencells

The Zahid Group has invested an undisclosed amount in Germany-based Greencells. A key focus for the latter will now be hybrid systems in the APAC ...

 

Saudi +

Regional and related topics

U.S.-Turkey

Turkey vows response to US sanctions imposed over jailed pastor

Ankara has vowed to retaliate against extraordinary US sanctions targeting Turkey’s interior and justice ministers over the continued detention of an American pastor, a move ...

 

Belt and Road Initiative

Trump’s trade war sees China make gains in the Gulf

As the United States buckles down on its trade war and hikes up its tariffs on Chinese imports, China has been busy tightening up its ...

 

Iran Sanctions

First Wave of Resumed Iran Sanctions Targets Automobiles, Currency, Gold

As part of the United States’ withdrawal from the Joint Comprehensive Plan of Action (JCPOA), the US Treasury Department will restore sanctions on a number ...

 

World Bank

Demand for World Bank Financing in Middle East and North Africa Rises to US$6.3 Billion in 2018

The record commitment included US$5.9 billion from the International Bank for Reconstruction and Development, which supports development in middle-income countries, and US$430 million from the ...

 

Iran in the Region

US on alert for major Iranian naval operation in Middle East, officials say

Iran's Islamic Revolutionary Guard is expected to soon begin a major naval exercise that could demonstrate its ability to shut down the Strait of Hormuz, ...

 

Iran in the Region

Russia: Iran-backed forces withdraw from Golan frontier

Israel deems such a pullback to be insufficient as it insists forces controlled by Iran should leave Syria entirely. ...

 

War in Yemen

UN experts say Iran might want to help end war in Yemen

U.N. experts say Iran might be willing to play "a constructive role" in ending the war in Yemen, though adding in a new report that ...

 

Qatar

Embargo Pain Soothed for Qatar as Stock Rout Evaporates

After trailing every major stock indexes except Pakistan’s in 2017, Qatar is among the world’s biggest gainers this year. The QE Index advanced 1.5 percent ...

 

Israel-Palestine

Fresh tension as Israel reimposes Gaza fuel blockade

Israel reimposed a blockade on fuel deliveries to Gaza on Thursday citing a resurgence in kites carrying firebombs over the border and signalling a brief ...

 

Oil Markets

Israel warns Iran of military response if it closed key Red Sea strait

Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of ...

 

GCC PPPs

PPPs emerge as model-of-choice for Gulf water infra projects

A new wave of development is under way in the GCC, where large-scale investments are rapidly being made to build and upgrade core infrastructure projects. ...

 

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