ECONOMY

Saudi Private Sector Growth hits 11 Month High as Economy Adjusts to Reforms

audi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, Reuters reports, citing a monthly survey of companies.

Saudi Arabia

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OPEC+

OPEC meeting: Oil prices in focus as Saudi Arabia, Russia discuss production

OPEC and its oil market allies are expected to agree on the terms of price-boosting output cuts, but the deal is facing serious roadblocks as ...

 

Khashoggi Crisis

Senators introduce ‘mainly symbolic’ bipartisan resolution to blame Saudi Arabia for Jamal Khashoggi’s death

The resolution, which is mainly symbolic, says Saudi Arabia's crown prince is "complicit" in the killing. ...

 

Khalid Bin Salman

Brother of Saudi crown prince returns to the U.S.

After NBC News reported Wednesday on Prince Khalid’s return, the Saudi Embassy in Washington confirmed that he is now in Washington. Embassy spokeswoman Fatimah Baeshen ...

 

Economy

Saudi private sector growth hits 11-month high in November: PMI

Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, in a sign that the economy may finally be recovering ...

 

Saudi Startups

Saudi Arabia’s tech startup ecosystem may be nascent, but is rapidly evolving to support economic growth

Saudi Arabia’s fundamental challenge is to transfer talent to private-sector employment and to tech entrepreneurship. The drive to promote private-sector employment, especially entrepreneurship, demands a ...

 

Global Oil Markets

Saudi Oil Premium Drops to 15-Year Low as Fuel Profits Crash

Oil refiners in Asia are fetching better returns by producing dirty fuel oil than from cleaner naphtha for the first time in more than a ...

 

Saudi Economy

The Saudi Economy Moves Closer to Russia and China

Since the Fracking Revolution, Saudi Arabia has embraced closer energy cooperation with non-Western powers, like China, Russia and India. In the downstream energy industry, the ...

 

Lobbying

Saudi-funded lobbyists reportedly spent $270,000 at Trump International Hotel after 2016 election

Two federal lawsuits have been filed claiming Trump violated the Constitution's foreign emoluments clause by taking improper payments from foreign governments ...

 

Sport

Falconers flock to Riyadh to celebrate ancient sport

Bird lovers from across the Gulf gathered in Saudi Arabia’s capital for a week-long falcon and hunting exhibition, aimed at increasing awareness of the ancient ...

 

Transportation

Saudi road deaths fall 33% in a year

Saudi Arabia has seen a dramatic decrease in traffic accidents and related injuries and deaths in 2018 compared to last year, according to the kingdom’s ...

 

Saad Group

Saudi’s Saad Group and creditors select advisers in bid to resolve debt dispute

Saad Group and bank creditors of the Saudi Arabian conglomerate have both selected advisers in a bid to try to reach a deal that could ...

 

Education

Report reassesses MIT’s relationship with Saudi Arabia

MIT has long participated in educational and research collaborations with colleagues and sponsors in Saudi Arabia. These types of activities, the report says, are aligned ...

 

Saudi +

Regional and related topics

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GCC Trade

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GCC Financial Systems

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The development of bank and equity markets has been supported by a combination of buoyant economic activity, a booming Islamic finance sector, and financial sector ...

 

IRGC

The War in Syria is Transforming the IRGC into an Expeditionary Force

Just as the war with Iraq from 1980 to 1988 transformed the Islamic Revolutionary Guard Corps from a group of ragtag militias into Iran’s pre-eminent ...

 

Bahrain

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F35

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Iran Sanctions

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Money Laundering Probe

Dubai’s ruler snubs Kuwait request to release frozen funds: letter

The investigation is taking place as the United Arab Emirates tightens financial regulations to fight a perception among some foreign investors that it is a ...

 

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