GACA

Royal Decree Removes Saudi Civil Aviation Authority President

Saudi Arabia's King Salman.
The chairman of Saudi Arabia’s General Authority of Civil Aviation (GACA), Abdul Hakim bin Mohammed Bin Sulaiman Al-Tamimi, has been removed from his post by a royal decree issued on Monday, the Saudi Press Agency and other regional outlets reported.

Saudi Arabia

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Stock Market

Saudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed

Saudi Arabian stocks are enjoying their best start to a year in more than two decades amid improving prospects for oil prices and ahead of ...

 

Bond Index

Saudi bonds index inclusion could pull in another $7 bln

Saudi Arabia could see another $7 billion pour into its sovereign debt markets as investors prepare for the kingdom's bonds to be included in a ...

 

Saudi Aramco

Saudi Aramco talking to credit rating agencies before bond deal

Saudi Aramco is talking to credit rating agencies ahead of its landmark bond deal, the chief executive of Saudi Arabia’s state-owned oil company told Bloomberg ...

 

Kingdom Holding Co.

Kingdom Holding says it will invest $1 billion in Saudi Arabia

The company founded by Saudi Arabia's most prominent global investor plans to spend more of its money at home. Kingdom Holding CEO Talal Ibrahim Al Maiman ...

 

AFC Asian Cup

Saudi Arabia out of Asian Cup after 1-0 defeat to Japan

But despite a late flurry it remained another goalless outing for the Saudis, who haven't hit the net since scoring six goals in their first ...

 

Total-Aramco

French Total To Enter Saudi Downstream Business

ocal ventures could be making headlines again very soon. In the last couple of days, news has popped up that Aramco and French oil major ...

 

Digital Currency

UAE And Saudi Arabia To Develop Digital Currency For Cross-Border Payments

During its experimental phase, the Saudi-Emirati cryptocurrency pilot will be targeted at banks with the intention of "better understanding the implications of Blockchain technology and ...

 

Women's Rights

Saudi Arabia announces workplace protections for women

Directives issued by the Ministry for Labour and Social Development at the weekend said employers must create "a suitable environment for women to carry out ...

 

Tasattur

Expat traders call it quits, leave Saudi tasattur partners in a legal quandary

The sources said as many as 50 lawsuits were filed in courts against Saudis who rented the shops in their names but refused to pay ...

 

Saudi Workforce

Analysis: Is Saudi Arabia’s labor market a Veblen good?

Over a year and a half has passed since the Saudi government began imposing a fee of $26 per month on foreign dependents regardless of ...

 

Defense Industry

South Africa says there is no Saudi proposal on Denel under consideration

The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister ...

 

General Authority of Civil Aviation

Saudi Arabia dismisses head of civil aviation

General Authority of Civil Aviation (GACA) president Abdul Hakim bin Mohammed Bin Sulaiman Al-Tamimi was appointed to the position in June 2017 ...

 

Davos

Saudi Arabian Energy Minister Al-Falih Set to Cancel Davos Trip

Among the global leaders that also canceled their visit to this year’s forum are U.K. Prime Minister Theresa May and France’s President Emmanuel Macron. Davos ...

 

Saudi +

Regional and related topics

Global Oil Markets

Oil Declines on Concerns Over China, Global Economic Growth

Brent futures declined as much as 2.2 percent in London. Chinese President Xi Jinping, meeting the country’s top leaders on Monday, stressed the need to ...

 

Refugees

U.N. alarmed at refugee incidents in Mediterranean Sea

The United Nations said Tuesday it's alarmed by shippers violating international law by returning migrants at sea to Libya, where they face abuse and torture. ...

 

Debt Finance

Arab States Should Beware of Indices Bearing Easy Money

Foreign capital blindly following emerging-market indexes can be a disincentive for real economic reform. ...

 

Yemen Civil War

Accidental blast in Yemen kills 5 demining specialists

Five foreign demining specialists were killed in an accidental explosion in Yemen while transporting mines and explosives to be destroyed, their employer said Monday. ...

 

GCC

Bahrain got first funds from Gulf aid last year

Bahrain has received the first instalment of a $10 billion aid package pledged by its Gulf allies last year, its central bank governor told Bloomberg ...

 

Bahrain

Bahrain To Launch The World’s Largest Underwater Theme Park

Bahrain will launch the world’s largest underwater theme park with a sunken Boeing 747 as its headliner attraction. The underwater theme park opening this Summer will ...

 

Turkey

Turkey set for international probe into Khashoggi death

Turkish Foreign Minister Mevlut Cavusoglu says Turkey is preparing to take steps to launch an international investigation into the killing of Saudi journalist Jamal Khashoggi. In ...

 

Oman

Travel: The Wadi Dawkah Frankincense Trees of Oman

Frankincense is a resin of the region’s Boswellia sacra tree, more commonly referred to as the frankincense tree. These gnarled trees may not be the ...

 

Renewable Energy

Rocks beneath North Sea could be used to store renewable energy

The concept works as follows: energy produced by renewable sources is used to power an engine that pumps compressed air into a well drilled into ...

 

U.S.-Taliban

Taliban, US Open Afghan Peace Talks in Qatar

Khalilzad has held several rounds of talks with Taliban representatives in Qatar in recent months, and the last interaction between the two sides had taken ...

 

Afghanistan

Scores of Afghan troops killed in suicide bombing claimed by Taliban

A Taliban suicide bomber in a captured U.S. Humvee crashed through the entrance to a provincial training compound of the Afghan intelligence service, followed by ...

 

Sinai

Egypt says dozens of militants killed in Sinai peninsula

Egyptian security forces have killed 59 militants in the Sinai peninsula recently and have lost seven of their own men, the military said in a ...

 

SoftBank Vision Fund

How Softbank’s Massive Vision Fund Shares Profits and Losses

Vision Fund is headed by Rajeev Misra, formerly of Deutsche Bank AG and UBS Group AG. Managing partners include another Deutsche Bank veteran, Saleh Romeih, ...

 

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