Saudi Arabia’s Fiscal Deficit Narrows Dramatically, Jadwa Investment Report Finds

Saudi Arabia's total government revenue soared in Q2 2018 compared with the same period last year, according to a recent report by Jadwa Investment.

Saudi Arabia

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Hajj: 2018

Hajj explained: Two million Muslims arrive in Saudi Arabia for pilgrimage

Two million Muslims are expected to travel to Mecca’s iconic Masjid Al-Haram in Saudi Arabia for the annual Hajj pilgrimage. ...


Technology Investing

Saudi Arabia Goes High-Tech in Approach to Investing

In March, when Saudi Arabia also took a $400 million stake in augmented- reality startup Magic Leap Inc., people close to the deal were stunned ...


Public Investment Fund

Saudi fund may only play minor part in Musk’s $72 billion Tesla plan: bankers

Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. ...


Saudi Aramco

Saudi Aramco approves SATORP, Motiva chemicals expansion plans

Aramco plans to raise its global refining capacity to between 8 million b/d and 10 million b/d, from 5.4 million b/d currently. ...


Saudi Real Estate Refinance Company

Saudi refinance firm plans Islamic bond issues to fund mortgage drive

SRC is part of a government-backed effort to solve one of Saudi Arabia’s biggest social and economic problems, a shortage of affordable housing, by developing ...


Vision 2030

Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness ...


U.S.-Saudi Relations

State Department says Pompeo did discuss Yemen strike with Saudi prince

Secretary of State Mike Pompeo did discuss the recent Saudi-led airstrike in Yemen in a Monday call with a Saudi prince, an agency official said, ...


Oil Exports

Saudi pips Iraq as top oil supplier to India in July, data says

Saudi Arabia replaced Iraq as top oil supplier to India in July after a gap of more than a year, according to data from industry ...



Canadians give Ottawa mixed reviews for its handling of Saudi Arabia spat

44 per cent say they approve Ottawa’s response to the surprise tiff, with almost one-quarter saying they strongly approve. ...



National Water says projects worth $12 bln under construction

Saudi Arabia’s National Water Company has 901 projects under construction, at a cost of more than SAR 45.2 billion, the firm said in a statement ...


Saudi +

Regional and related topics


Turkey responds to Trump tariffs with huge duties on cars and other goods

Turkey on Wednesday intensified its clash with the United States, announcing heavy new tariffs on some American products including cars, alcohol and tobacco. ...



The GCC is Becoming More – and Less – than the Sum of Its Parts

Beset by new splits, bilateral partnerships, and regional coalitions, the GCC is demonstrating flexibility in a bid to maintain support and relevance. ...



Egypt’s summertime escape: White sand beaches and designer cocktails, but no room for the public

The North Coast, which refers to the Mediterranean shoreline from Alexandria to the Libyan border, has seen a proliferation of upper-crust watering holes with the ...


War in Yemen

Griffiths to Asharq Al-Awsat: Saudi Arabia Has Legitimate Right to Secure its Borders

The September 6 consultations in Geneva will kick off from many good and bad lessons learned from previous rounds of talks held in Biel, Geneva ...


War in Yemen

UAE aims to wipe out Yemen Al-Qaeda branch

"Irrespective of what happens in the wider Yemen conflict, the UAE will continue until AQAP is broken as a regional and global threat," a senior ...


Iran Sanctions

As Sanctions Return, India Caught between Iran and the United States

As the first set of US sanctions against Iran went back into effect Aug. 7, India is applying its negotiations skills—effectively, so far—toward managing relations ...



Palestinian mail blocked by Israel arrives eight years late

Israel has fully reopened its cargo crossing with Gaza, saying it is in response to a period of relative calm. ...



Taliban no longer guaranteeing safe passage for Afghan Red Cross workers

The Taliban has pulled protection for the International Red Cross in Afghanistan, as an attack Wednesday killed nine police officers and 35 soldiers, officials said. ...



Trade Bank of Iraq puts Turkey bank acquisition plans on hold

Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, ...



India to send manned flight into space by 2022

India will send a manned flight into space by 2022, Prime Minister Narendra Modi announced Wednesday as part of India’s independence day celebrations. ...


Debt Issues

GCC 2018 debt issuance to exceed $50 billion

GCC sovereign issuance has had another strong first half, with the two multi-tranche sovereign bond transactions of Saudi Arabia and Qatar leading issuance of over ...


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