SAMA

Saudi’s SAMA Warns Against Cryptocurrencies

Saudi Arabia’s first international debt issuance since 1991 was oversubscribed, a good sign for the Kingdom's intentions to build a borrowing profile.
The Saudi government has outlawed using and trading in Bitcoin, citing the high risk and negative consequences in the cryptocurrency.
 

EVENTS

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C3 U.S. – Arab Healthcare & Business Summit 2018 Set for Monday September 24th in New York City

The C3 U.S. – Arab Healthcare & Business Summit 2018 will assemble business leaders, policy makers, educators and healthcare professionals from the Arab world and the United States to bolster and promote U.S. and Arab world initiatives that are focused on the most up-to-date healthcare topics includ

Saudi Arabia

News, analysis, and more

Hajj: 2018

Hajj: Images show Saudi Arabia preparing for arrival of over two million Muslim pilgrims in Mecca 

With the pilgrimage starting on Sunday, Saudi officials, including from the Ministry of Health, have been double-checking that all Hajj procedures and services are in ...

 

Branding in KSA

What does a millennial leader mean for Saudi Arabia?

We conducted a month-long immersion in the market to get an on the ground view of the nation as it strives to become the heart ...

 

Tesla

Commentary: How the Saudi Public Investment Fund could fund Tesla deal

The big question that's swirled around the Saudi-Tesla connection is whether the PIF can actually afford to do a deal. There is also a related ...

 

Almarai

Saudi’s Almarai takes brand beating after boycott campaign

BrandIndex says Saudi Arabia's biggest dairy saw big declines in its brand perception during July following a price increase ...

 

Water

Saudi Arabia consults international companies on water privatisation drive

Saudi Arabia's state-owned National Water Co (NWC) said on Thursday it was starting preparations to involve international companies in the kingdom's water distribution and treatment ...

 

Petrochemicals

Jacobs wins Saudi petrochemical contract renewal

A two-year contract renewal has been awarded to Jacobs Zate, a subsidiary of US giant Jacobs Engineering, for work on a petrochemical plant in Jubail Industrial ...

 

Saudi Aid

Research center issues report on Saudi Arabia’s relief efforts

The report refers to a study conducted by the World Bank between 1975 and 2016 which said that Saudi aid is equivalent to 3.7 percent ...

 

IP Law

Saudi Arabian intellectual property authority launches online facility

The website saip.gov.sa and @saipksa account is in line with the authority’s plan to raise awareness and knowledge about the importance of intellectual property as ...

 

Security

Saudi forces arrest armed ‘extremist’ after gunfight: ministry

Saudi forces have arrested a heavily armed "extremist" after wounding him in an exchange of gunfire in the kingdom's central heartland, the interior ministry said ...

 

Saudi-Canada

Canada Hajj pilgrims, Saudi students face uncertainty due to diplomatic row

As of the end of June, there were more than 5,100 Saudi students with valid study permits for post-secondary institutions in Canada. ...

 

Banking and Finance

Saudi banks see no significant impact from lira depreciation

There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi Arabian bank assets, Talaat Hafez, ...

 

Saudi-Canada

US university welcomes Saudi students from Canada

A Saudi government representative said that it was planning to accommodate the students currently in Canada in “excellent countries such as the US, the UK, ...

 

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 ...

 

Saudi +

Regional and related topics

ME Entrepreneurs

Middle Eastern entrepreneurs face a challenging road to success

The Arab World Competitiveness Report finds that start-ups in the Middle East and North Africa (MENA) face a host of often-debilitating hurdles. ...

 

U.S.-EU

Transatlantic Aims Overlap in the Middle East

While there is a common transatlantic understanding of the main threats to peace and stability in the MENA region, the United States and Europe diverge ...

 

U.S.-Turkey

White House condemns Turkey’s tariffs on U.S. imports

In addition to its decision to ramp up tariffs on imports of Turkish steel and aluminum, the Trump administration earlier this month imposed sanctions on ...

 

Israel-Egypt

Israel Lets Food, Commercial Goods Back into Gaza as Egypt Seeks Truce

Israel allowed commercial goods back into the Gaza Strip on Wednesday, in a sign of easing tensions as neighboring Egypt pursued a long-term ceasefire between ...

 

U.S. Cyber Policy

Trump, Seeking to Relax Rules on U.S. Cyberattacks, Reverses Obama Directive

President Trump has reversed an Obama-era memorandum dictating how and when the U.S. government can deploy cyberweapons against its adversaries, in an effort to loosen ...

 

Uber

Deliberately investing in Uber Eats, high-potential markets like Middle East, India: Uber CEO

Uber is "deliberately investing" in products like Uber Eats and Pool as well as "high-potential" markets in the Middle East and India even as the ...

 

Bahrain

Bahrain’s Gulf Allies Review Aid Program in Show of Support

Bahrain’s Gulf Arab allies met to review a financial support program designed to help the country repair its finances and stave off a possible currency ...

 

Qatar-Turkey

Qatar to invest $15 billion in Turkey; source says banks the focus

The investment package was announced after Qatar’s Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing ...

 

Media

Qatar’s BeIN Sports Says It Has Proof of Saudi Role in Piracy Dispute

The rights to show Premier League games — as well as those in the UEFA Champions League and France’s Ligue 1, among others — in ...

 

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