Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up

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Saudi Arabia

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Banking and Finance

Saudis Said to Seek Advisers for Biggest Bank Merger Since 2016

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182 billion in ...

 

Economy

Oil falls to $53 on economic worries, surging supply

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an ...

 

Security

Saudi Cabinet Approves Formation of Military Industries Authority

The Saudi cabinet approved on Tuesday the formation of the general military industries authority, reported the Saudi Press Agency (SPA). ...

 

Public Investment Fund

Saudi PIF entertainment company plans to build leisure complex in Riyadh

Saudi Arabia announced plans on Wednesday to build an entertainment complex in the capital Riyadh, the latest in a series of state-backed efforts to encourage ...

 

Netflix

Netflix Drops Hasan Minhaj Episode In Saudi Arabia At Government’s Request

A representative from Netflix told CNN that the episode had been available in the Kingdom since it aired in October. It was only taken down ...

 

Saudi-Pakistan

Saudi Arabia likely to make heavy investment in Pakistan: Sources  

According to a SBP spokesperson, out of the promised $3bn Saudi assistance in foreign currency support, the central bank has received $1bn dollar, while the remaining ...

 

Blockchain

Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade

Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press ...

 

Phon Art Saudi

7 Amazing Photos From Around Saudi You Won’t Believe Were Shot On A Smartphone

We recently came across an Instagram page called Phon Art Saudi that has been collecting such images and presenting for the world to see. ...

 

Social Media

The Saudi Instagram account that’s fostering sharing, storytelling and support

The Instagram account “Saudi Beings” is a representation of Nazer’s belief. She wants it to help people engage more with each other, enabling them to ...

 

Saudi +

Regional and related topics

Patrick Shanahan

Meet the New (Acting) US Defense Secretary

“He’s not gonna dictate. He’s gonna follow what the president’s intent is,” Ellison said. Shanahan, who is succeeding a man Trump reportedly resented for slow-walking his directives, ...

 

Syria

Pompeo says cooperation with Israel over Syria and Iran to continue

U.S. Secretary of State Mike Pompeo said on Tuesday that the United States would continue to cooperate with Israel over Syria and in countering Iran ...

 

Bonds

Bonds Beckon OPEC’s Top Arab Producers in 2019 After Oil Falters

State-run companies in the United Arab Emirates, Oman and Bahrain loaded up on bonds and loans in 2018, with U.A.E. energy firms borrowing over $9 ...

 

Iran Sanctions

Policy Change at China’s Bank of Kunlun Cuts Iran Sanctions Lifeline

Bank of Kunlun, the state-owned bank at the heart of China’s trade with Iran, has made a dramatic change in its policies, informing clients that ...

 

Iran

Iran Banking Reform Blocked for Second Time by Clerical Council

Iran’s Guardian Council, a top political chamber of clerics and lawyers, has rejected for a second time an anti-terrorism financing bill aimed at bringing the ...

 

U.S. Military

Powerful Antitank Missiles Put U.S. Forces in Middle East at Risk

An upgraded class of high-powered weaponry has flooded the battlefields of the Middle East, threatening even the most sophisticated battle tanks and highlighting a gap ...

 

Iraq

Country to Watch in 2019: Iraq

After four years of political and security turbulence, Iraq has now turned a new page with plenty of optimism for 2019. ...

 

Egypt

American on hunger strike in Egyptian prison is ‘in a very dangerous situation’

The family of an American citizen on a hunger strike in an Egyptian prison is urging Secretary of State Michael R. Pompeo to use his ...

 

Afghanistan

Two Iranian members of Taliban killed in Afghanistan

Afghan forces have killed two Iranian members of the Taliban in northern Faryab province, local army said Tuesday. The militants were identified as Ahmad and Jundullah, ...

 

Qatar

Qatar endures economic blockade with aplomb

Eighteen months after a Saudi-led blockade was imposed, Qatar isn't just moving on but planning to move ahead. The desert country shows it has the ...

 

Sudan

Sudan Protests: Government Seeks Foreign Help to Ease Crisis

Sudan’s central bank governor said the country is seeking funding from unidentified nations to ease its economic crisis, as protests continue against President Omar al-Bashir’s ...

 

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