Saudi Economy Fundamentals Stable, Continued Growth Expected: Jadwa Investment

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
A recently released macroeconomic update by Jadwa Investment finds the fundamentals of the Saudi economy remain unaltered and the bank "expects solid growth in the next few years" by 2.2 percent in 2018 (compared to -0.9 percent in 2017).

Saudi Arabia

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Saudi Arabian Military Industries

Saudi makes $1 billion bid for partnership with South Africa defense group Denel

Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defense spender, is seeking partnerships to develop its own domestic defense industry with the goal ...



Uber board reportedly held ‘marathon meeting’ about Saudi investments

The company's board held a "marathon meeting" last week, Bloomberg News reported, with all directors in attendance, including former CEO Travis Kalanick and Saudi official ...



Saudi shipper Bahri targets acquisitions in Asia, Middle East – CEO

Bahri is the world’s largest owner and operator of very large crude carriers (VLCCs). Saudi sovereign wealth fund the Public Investment Fund (PIF) owns 22 ...


Mohammed Bin Salman

Inside the Saudi crown prince’s meeting with U.S. evangelicals

"He had two messages on this," Rosenberg said. "'It was horrible and unacceptable' and 'I can't let this stop me from all the reforms we ...


Vision 2030

Perspective: A message from a Saudi citizen

We are young men and women who are very comfortable in the digital world, who enjoy traveling in and experiencing different cultures, who are open-minded ...


Counter Terrorism

Saudi FM, US Official Discuss Counter-Terrorism

Saudi Foreign Minister Adel al-Jubeir received in Riyadh on Wednesday US State Department coordinator for counter-terrorism Nathan Sales, reported the Saudi Press Agency. ...


Renewable Energy

How Saudi Arabia is moving towards a green economy

With climate change perceived as the most pressing risk for the world today, government officials and energy experts are emphasizing the importance of shifting toward ...



Crown prince visits Saudi Railway Polytechnic in Buraidah

Saudi Arabia’s Crown Prince Mohammed bin Salman visited the Saudi Railway Polytechnic (SRP) in Buraidah on Wednesday, where he was briefed on the progress of ...



Saudi Rule Change May Bar Israeli, Palestinian Pilgrims From Mecca

The new rules close a loophole that allowed passage from Israel, which does not have diplomatic relations with the Saudi kingdom, home to Islam’s two ...



Riyadh to host Saudi Falcons and Hunting Exhibition

The exhibition will include a falcon and camel auction, as well as lectures. It aims to preserve the hobby of falcon hunting and breeding, given ...


Saudi +

Regional and related topics

Global Oil Markets

US now pumping more oil than Russia and Saudi Arabia; OPEC could strike back

U.S. oil production jumped to 11.6 million barrels a day last week, a fact that will not be lost on OPEC and its partner Russia ...


Iran Sanctions

US warns nations not to allow Iranian oil tankers

The United States is warning other countries not to allow Iranian oil tankers into their territorial waters or ports, saying such access may run afoul ...


U.S. Elections

Commentary: What the Midterms Mean for National Security

Much of the partisan animosity is centered on investigations a little closer to home—like Democratic attempts to obtain the president’s tax returns—but with the Pentagon ...


Russia in the Region

Stealing Its Oil Customers, Russia Throws Iran a Lifeline—and Thumbs Its Nose at U.S.

Russian oil companies have stepped in, stealing customers from Iran. The two countries produce similar grades of crude, making a switch by refiners relatively easy. But ...


Gulf Economies

The Gulf region’s future: Beyond oil and gas

Until recently, there has been very little movement to shift policies on subsidized energy, generous welfare and public employment benefits, and to implement taxes and ...



Egypt Sees ‘Steep Rebound’ in Tourists as Industry Recovers

“We expect that by the end of 2018 we will not be at the levels that we’ve seen in 2010, but we are approaching that,” ...


Anti-ISIS Campaign

US-Backed Forces in Iraq, Syria May Face Challenges for Years

The Pentagon has warned its inspector general that Iraqi Security Forces the United States is counting on to stabilize parts of Iraq and Syria formerly ...


War in Yemen

Battle for vital port of Hudaydah intensifies

The battle for the Yemeni port city of Hudaydah has intensified, as government forces backed by Saudi-led coalition air strikes advance on rebel positions. ...


CNBC International

CNBC International launches new studio at Nasdaq Dubai

In a statement, Nasdaq Dubai stated that CNBC will broadcast key interviews from the studio as well as insights on the Middle East financial markets ...


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