SAUDI ECONOMY

Saudi GDP Grew in 3Q, but Non-Oil Growth Slows

riyadh-rain
Saudi Arabia's economy grew in the third quarter of 2018 at its fastest rate since early 2016, according to reports, but non-oil growth slowed to 2.1 percent from 2.4 percent.

Saudi Arabia

News, analysis, and more

Governance

Saudi Arabia’s Government Shake-Up: Four Key Takeaways

Saudi Arabia reshuffled its cabinet on Thursday in the first major change in government since the murder of Washington Post columnist Jamal Khashoggi in October. ...

 

Saudi Stock Market

Mideast funds wary on 2019, will favour Saudi, Kuwaiti stocks

Riyadh will join FTSE Russell's index in stages between March and December 2019, and join MSCI's index in phases coinciding with reviews in May and ...

 

Saudi Economy

Saudi GDP growth speeds up in Q3, non-oil sector still slow

Saudi Arabia’s economy grew in the third quarter at its fastest rate since early 2016, boosted by expansion of the oil sector while non-oil growth ...

 

Labor

Over 500,000 expats quit labor market in three months

As many as 554,357 Saudi and expatriate employees have quit the labor market during the fourth quarter of 2018, a section of the local press ...

 

Women in Saudi

2018: The year of Saudi Women

Undoubtedly, 2018 has been a landmark year for Saudi Arabia — but even more so for women in the Kingdom, who have had a momentous ...

 

Public Investment Fund

Expats Flee Saudi Fund, Bemoan Crown Prince Control

Saudi Arabia’s flagship government investment arm has suffered several prominent defections by Western executives, hampering its enlarged responsibilities to help transform the country’s economy. ...

 

Red Wave 1

6 Red Sea countries launch joint military drill

The Red Wave 1 exercise brings together naval forces from Saudi Arabia, Egypt, Jordan, Sudan, Yemen and Djibouti. Observers from Somalia are also taking part ...

 

Future Projects Forum

Saudi Contractors Authority to showcase $53 billion projects at industrial event

Saudi Arabia’s state-owned news agency SPA added that the forum would attract more than 25 government and private-sector organizations to display 500 projects worth more ...

 

Crown Prince Salman

Saudi Arabia’s crown prince launches social welfare program

Saudi Arabia’s Crown Prince Mohammed bin Salman has ordered yet another social initiative titled “SNAD Mohammed bin Salman” program to empower citizens and to help ...

 

Saudi Aramco

Saudi Aramco buys remaining 50 percent of rubber joint venture from Lanxess

Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the full ...

 

U.S.-Saudi Relations

Sen. Wyden Wants Answers on Saudi Suspect Abdulrahman Noorah Who Fled Oregon

Wyden, a Democrat who sits on the Senate’s Select Committee on Intelligence, wrote a letter to Secretary of State Mike Pompeo and acting Attorney General ...

 

Hail Nissan International Rally

Al-Feraihi ahead after first round of Desert Rally

Saudi Arabian driver Khalid Al-Feraihi and his French navigator Sébastien Delaunay were the leaders of the 14th Hail Nissan International Rally after the first desert ...

 

Taliban Talks

Saudi Arabia to host third round of Taliban peace talks

"We will meet the US officials in Saudi Arabia in January next year and we will start our talks that remained incomplete in Abu Dhabi," ...

 

Saudi +

Regional and related topics

World Poll

Gallup’s Top World Findings for 2018

Germany replaced the U.S. as the top-rated global power in the world in 2017, as approval of U.S. leadership sank to a new low of ...

 

2018 In Review

A year in headlines: The Middle East’s top 10 business news stories in 2018

From the introduction of VAT in Saudi Arabia and the UAE, to the bail-out of Bahrain by its GCC neighbours, here is a timeline of ...

 

Syria

Syria conflict: Trump ‘slowing troop withdrawal’, says Lindsey Graham

"I think we're in a pause situation where we are re-evaluating what's the best way to achieve the president's objective of having people pay more ...

 

Syria

Syria’s Assad authorizes Iraqi forces to strike ISIS in Syria

Syrian President Bashar Assad authorized Iraqi forces on Sunday to attack the Islamic State group inside Syria without waiting for permission from authorities in Damascus, ...

 

Syria

Perspective: Dealing with the Syrian regime is a sad but inevitable reality

Many Arab governments, including those of Egypt and Algeria, never really broke with the Syrian regime. But for those that did, hopes of regime change ...

 

Egypt

Egypt police ‘kill 40 militants’ in raids after tourist bus blast

The raids followed Friday's roadside bomb attack on a tour bus in Giza. No group has yet said it was behind the blast, which killed three ...

 

Afghanistan

Trump Hasn’t Ordered Afghan Troop Withdrawal, White House Says

Donald Trump hasn’t ordered the Pentagon to withdraw troops from Afghanistan, a White House spokesman said, contradicting reports last week that he’s directed the military ...

 

U.S.-Iran

Commentary: What the Departure of James Mattis Could Mean for Trump’s Iran Policy

While the news of the US withdrawal from Syria initially appeared to be good news for Tehran, undercutting the stated US policy of containment, Mattis’ departure is ...

 

War in Yemen

Mattis, U.S. Commander Sought to Temper Saudi-Led War in Yemen

The behind-the-scenes role played by Gen. Votel was backed by Defense Secretary Jim Mattis. Together, they have worked to temper Saudi and Emirati operations in ...

 

Oil Prices

Low Oil Prices Could Cripple Texas Job Growth

“The Texas labor market will likely tighten further in the months ahead; however, if oil prices continue to linger around $50 per barrel, job growth ...

 

Taliban Talks

Iran says Afghan Taliban arrived in Tehran, held peace talks

Iran said Taliban representatives from Afghanistan negotiated with Iranian officials in Tehran on Sunday, as the Islamic Republic seeks to advance peace talks in the ...

 

Recent Editions