SAMI CEO Gives Interview to ‘SAMI itself is acting as a kind of active holding company’

The CEO of Saudi Arabian Military Industries (SAMI) recently gave an interview with about how the organization works within Vision 2030 to develop the Kingdom's future defense industry.

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Saudi Stock Market

Aramco’s IPO Delay Brings Silver Lining for Saudi Stocks

For the 32 Saudi companies under consideration for the MSCI indexes, the decision could prove a positive as it rules out a potential dilution under ...


Saudi Arabian Military Industries

Head of Saudi Arabia’s defense industry umbrella org talks Vision 2030

We will put our focus on software technologies, electronics, microwave, space-based technologies, robotics, laser weapons systems on the midterm ...


Saudi Aramco IPO

Exclusive: Saudi king tipped the scale against Aramco IPO plans

The decision came after the king met with family members, bankers, and senior oil executives, including a former Aramco CEO, said one of the sources, ...


Banking and Finance

Saudi Arabia dominates $881m MENA IPO market during Q2

More than $880m was raised in the Middle East and North Africa through nine IPOs during the second quarter of 2018 ...



Saudi Arabia issues draft on issuance of global depositary receipts

Saudi Arabia’s capital markets regulator has issued draft rules for local companies to issue depositary receipts abroad, giving them a new channel to attract foreign ...


Banking and Finance

Credit Suisse to Buy Back $6 Billion in Qatar, Saudi Debt

The bank will redeem the contingent convertible bonds -- which automatically become equity when reserves fall below pre-set levels -- on Oct. 23, the first ...


Yemen Civil War

Saudi Arabia says ballistic missile fired by Yemen’s Houthis intercepted

Saudi Arabian air defenses intercepted a ballistic missile fired in the direction of the city of Najran by Yemen’s Houthi group, the state-run Saudi Press ...



Saudi-Iraqi border crossing to boost bilateral trade

Northern Borders Gov. Prince Faisal bin Khalid bin Sultan has said that establishing the Saudi-Iraqi Al-Jadidah Arar border crossing will be a big boost to ...


Private Schools

30 percent of private schools out of the market

Thirty percent of private schools operating in the local market have gone out of business because they did not comply with the fees and Saudization ...



McKinsey-supported fellowship nurtures local young talent in Saudi Arabia

the Qimam Fellowship Program was founded by former McKinsey & Company Engagement Manager Annas Abedin, a Middle East native who having grown up in Germany was ...


Women Drivers

Saudi women leave driving ban behind and taste thrill of speed

Speed-crazed women drivers are bound to turn heads in the conservative desert kingdom, which overturned the world's only ban on female motorists in June as ...


Saudi +

Regional and related topics

China in the Region

China Gets Another Shot at Mideast Energy With Total’s Iran Exit

Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy ...



Perspective: Turkey Made a Bet Against Assad—And Lost

Seven years into the war in Syria, as Turkey struggles to shield itself from the destabilizing spill-over of regional turmoil, Erdoğan’s bet on the Arab ...



US lawmakers urge Turkey to drop Russian missile system for F-35 fighter jets

Members of US Congress says American fighter jets will be delivered if Turkey cancels its agreement to buy Russian system ...


Iran in the Region

Iran Signs Deal With Syria to Deepen Military Cooperation

Iran said Monday that it had agreed to a deal to deepen military cooperation with Syria, reaffirming its intention to remain in the country despite ...



Sanctions unlikely to stop Iran oil exports completely – Saudi adviser

Current U.S. sanctions on Iran are unlikely to stop Iranian oil exports completely, a long-time adviser at Saudi Arabia’s Energy Ministry said on Tuesday, adding ...



Iran’s Rouhani questioned in parliament

Rouhani's appearance in parliament on Tuesday was the first time he had been summoned by parliament in his five years in power. ...



In Egypt’s Vision of Energy Independence, Egyptians Pay More

Egypt’s government is taking an unconventional approach toward becoming the Middle East’s next big energy exporter: Its own citizens are footing the bill. ...


Yemen Civil War

US warns Saudi Arabia it may withdraw support over civilian casualties in Yemen

The Pentagon has issued a warning to Saudi Arabia that it is prepared to reduce military and intelligence support for its campaign against rebels in ...


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