RIYADH METRO

75% of Riyadh Metro Project Work Completed, Riyadh Emir Says

The Riyadh metro under construction in 2017.
Saudi Arabia's ambitious and sprawling Riyadh metro project is 75% completed, Riyadh Emir Prince Faisal Bin Bandar said after chairing the Arriyadh Development Authority meeting on Monday.

Saudi Arabia

News, analysis, and more

PIF

Commentary: Why Would a Saudi Oil Fund Borrow $11 Billion?

“It is important to establish a core banking group as we continue to expand our activities and develop into one of the most prominent users ...

 

Saudi Aramco

Saudi Aramco to spend over $133 bln on drilling over next decade

State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior ...

 

Oil Prices

Saudi Arabia Is Said to Be Comfortable With Brent Oil Above $80

Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel, at least in the short term, as the global market adjusts ...

 

Lucid

Saudi’s Public Investment Fund breathes new life Into Tesla rival Lucid

Just weeks after it emerged that the kingdom’s Public Investment Fund had built a stake in Tesla Inc., the sovereign wealth giant signed an agreement ...

 

Riyadh Metro

75% of Riyadh metro project work completed

About 75% work has been completed for the Riyadh metro project, Riyadh Emir Prince Faisal Bin Bandar said after chairing the Arriyadh Development Authority meeting ...

 

Real Estate

Socio-economic trends impact UAE and Saudi real estate

“Recently, developers have suffered from price volatility creating additional complexity in the planning phases,” he explained. “This has been compounded by changing consumer preference, with ...

 

MBC

Peter Smith to Head MBC Studios, Aims to Kick-start Saudi Productions

The new unit is expected to make a major push into high-end Arabic scripted content to help kick-start a film and TV industry in Saudi ...

 

Maan Al-Sanea

A Saad affair: The case of Maan Sanea and Saudi’s biggest bankruptcy: Video

The case of Maan al-Sanea and Ahmed al-Qusaibi remains the largest bankruptcy in the history of Saudi Arabia. The following report sheds light on the ...

 

WWE in KSA

WWE Announces Crown Jewel Pay-Per-View in Saudi Arabia

WWE announced the Crown Jewel pay-per-view, the second Saudi Arabia show of the year, during the opening segment of Monday Night RAW. ...

 

World Boxing Super Series

George Groves takes boxing to Saudi Arabia: Video

WBA super-middleweight champion George Groves previews his World Boxing Super Series final against Callum Smith ...

 

Archaeology

Joint Saudi-French expedition uncovers new archaeological sites in southern Riyadh

A joint Saudi-French expedition has uncovered archaeological sites that date back more than 100 thousand years amid a number of mountains in southern Riyadh, specifically ...

 

Entertainment

Semi-permanent building tech used to launch Saudi entertainment resort fast

European temporary building expert Losberger De Boer was contracted by Duvent, the UAE-based events management company part of Meraas Leisure and Entertainment Group, to deploy ...

 

Saudi +

Regional and related topics

Uber/Careem

Uber Is Said in Talks to Acquire Dubai Ride Hailing Firm Careem

Negotiations are ongoing and Careem’s management is working to convince the firm’s shareholders of the merits of a deal, the people said. No final decisions ...

 

Russia in the Region

Russia blames Israel after military plane shot down off Syria

In a statement, Russia said Israel's "irresponsible actions" were to blame, saying it was given less than a minute's warning ahead of the strikes, which ...

 

Syria

Russia and Turkey to create buffer zone in Idlib

Russia and Turkey have agreed to create a demilitarised buffer zone in Syria's Idlib province to separate government forces from rebel fighters based there. ...

 

U.S. Iran Policy

Trump administration disowns Haley’s plan for a U.N. meeting on Iran

“Trump risked a collision with the U.K. and France over Iran at the U.N.,” said Richard Gowan, a senior fellow at the United Nations University ...

 

U.S. Refugee Policy

US to slash refugee admissions to historic low of 30,000, Pompeo confirms

When Donald Trump took office the ceiling on refugees the US was prepared to welcome each year was 110,000. Trump lowered that to 45,000, and ...

 

Iraq

Abadi edged out of prime minister’s race but real change in Iraq remains remote

Others said that, despite his statement, Abadi may end up returning as prime minister. “The negotiations are still ongoing,” political analyst Ihsan al-Ashaari told the ...

 

Egypt

Saudi Reforms Could Cause a Crisis for Egypt

In August, as the Turkish lira crisis set off anxieties of financial turmoil in other developing economies, the Egyptian pound held firm. That was thanks ...

 

Turkey-Qatar

Turkey’s Erdogan Got a Half-Billion Dollar Gift From Qatar

Erdogan confirmed receipt of the gift as he hit back at critics who’d been questioning whether it was actually paid for with taxpayer money. ...

 

U.S.-China Tariffs

How Trump’s tariffs will hurt US tech companies

On Monday night, the US Trade Representative (USTR) finalized a new round of tariffs on $200 billion in Chinese imports, and the impact on tech ...

 

Qatar

Qatar Airways Defiant as It Reveals Cost of Saudi-Led Embargo

Qatar Airways revealed the impact of a Saudi-led embargo of its home state while striking a defiant note by suggesting the losses suffered are lower ...

 

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