INVESTMENT

‘MSCI Tadawul 30 Index’ Goes Live with 30 Biggest Saudi Equities

MSCI
MSCI Inc. and the Saudi Stock Exchange (Tadawul) announced today the launch of the MSCI Tadawul 30 Index, a tradeable index, according to a press release.

Saudi Arabia

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Yemen Civil War

Saudi pledges to release seven Houthi prisoners after freed Saudi arrives in Riyadh

The Saudi-led coalition in Yemen said that seven Houthi prisoners will be released, after a Saudi prisoner freed by the group arrived in Riyadh on ...

 

Bandar Bin Sultan Interview

Bandar bin Sultan: Obama’s policies took the region 20 years back

Independent Arabia, the newly-launched news service from London, published its inaugural interview with Prince Bandar bin Sultan bin Abdulaziz Al Saud. ...

 

Entertainment

UAE’s VOX Cinemas continues expansion in Saudi Arabia

Less than one year after movies were allowed in the country, and with the latest cinema multiplex opening this week in the Red Sea city ...

 

U.S.-Saudi

Congress poised to remove discounts to Saudi Arabia for military training

Sen. Patrick Leahy, D-Vt., the top Democrat on the Senate Appropriations Committee, has long advocated for ending Saudi Arabia’s discounted military training costs, but had ...

 

Military Manufacturing

Global Partnerships Bolster Military Manufacturing in Saudi Arabia

The Saudi Arabian Military Industries (SAMI) has signed establishment contracts of two commercial entities: French firm Thales and CMI Defense of Belgium. ...

 

Solar Power

Saudi Arabia launches 1.5GW solar tender

Saudi Arabia has launched the second round of its solar power tender program with a request for proposals for 1.5GW of solar. ...

 

Corruption Crackdown

Saudi Arabia suspends 126 local government employees on corruption charges

Saudi Arabia said on Tuesday it had suspended 126 local government employees at municipalities across the kingdom on corruption charges. ...

 

Nuclear Power

How Saudi Arabia’s nuclear power will play a role against climate change

As nuclear power is increasingly being seen as a key element in tackling climate change, Saudi Arabia is moving toward adopting the renewable energy source. ...

 

Ports and Logistics

Saudi Industrial Services to develop Jeddah port

Saudi Industrial Services (Sisco) has inked an memorandum of understanding (MoU) with Saudi Ports Authority to further develop Jeddah Islamic Port (JIP) on a long-term ...

 

Weather in Arabia

Heavy rain, flooding causes 12 deaths in Saudi Arabia

Saudi Arabia says 12 people have died and more than 170 have been injured this week due to flooding from heavy rain in the northwest. ...

 

Saudi Workforce

Saudi Arabia online hiring rises 9% in Q4

Tasked with driving national employment rates across the Kingdom, the first phase of the nationalization plan focused on key sectors including automotive, garments and appliances. ...

 

Saudi +

Regional and related topics

U.S. Intelligence

Testimony by intelligence chiefs on global threats highlights differences with president

China and Russia are competing more intensely with the United States in “a race for technological and military superiority,” the nation’s top intelligence official told ...

 

U.S.-Taliban

The US-Taliban negotiations breakthrough: What it means and what lies ahead

The disclosed core elements are not surprising: The Taliban promises Afghanistan’s territory will not be used by international terrorist groups and the United States agrees ...

 

Israel-Iran

As Israel, Iran square off in Syria, can Russia play peacemaker?

With the United States, Israel’s main ally, withdrawing most of its troops from Syria in the coming months, Russia is emerging as the sole power ...

 

U.S. Ambassadors

Trump moves to fill diplomatic void in MENA

The nominations would fill several longstanding vacancies, including the ambassadorship to Saudi Arabia, which has been open since Trump took office two years ago. Trump ...

 

Oil Markets

Oil Shock That Never Was: How Shortage Warnings Missed Mark

Oil’s biggest slump in a generation earlier this decade forced companies to slash spending, leading to a flurry of warnings that there wouldn’t be enough ...

 

Debt Finance

MENA may issue over $80bn of debt in 2019

MENA hard currency bond and sukuk issuance reached $84 billion in 2018, with demand for new issues remaining high as regional debt was oversubscribed 2x ...

 

Banking and Finance

M&A Bankers Wanted for Gulf Merger Boom

It’s a good time to be an M&A banker in the Middle East. ...

 

Retail

Amazon reportedly eyes Middle East expansion

Amazon appears to have found its next area for e-commerce expansion: the Middle East. CNBC reports that Amazon has been reaching out to large third-party sellers ...

 

Palestinian Aid

U.S. security aid to Palestinians to end Thursday, envoys seek workaround

The ATCA empowers Americans to sue foreign aid recipients in U.S. courts over alleged complicity in “acts of war”. ...

 

China in the Region

New Dynamics in China-Iran Trade Under Sanctions

Chinese exports to Iran have collapsed from about USD 1.2 billion in October 2018 to just USD 391 million in December 2018—a fall of nearly ...

 

Iran Instagram

Iranian Influencers Are Dreading A Looming Ban On Instagram

Facebook, Twitter, and YouTube have been blocked in Iran for several years, and the widely used messaging platform Telegram was blocked last spring. It’s unclear ...

 

Afghanistan

Commentary: Why Did Soviets Invade Afghanistan? Documents Offer History Lesson for Trump

“It’s a fascinating case study of the necessity in all of these international affairs of putting yourself in the other guy’s place — what does ...

 

Iranian Revolution

Iran’s revolution, 40 years on—What it has meant for Iran, America, and the region

Iran’s Islamic Revolution shook the world in 1979. The dramatic event and its complex ripple effects—currents that continue to be felt today—redrew the geopolitical order. ...

 

AFC Asian Cup

Asian Cup: Qatar beat UAE 4-0 as hosts’ fans throw shoes at players

Qatar beat hosts United Arab Emirates 4-0 to reach the final of the Asian Cup in a game that witnessed UAE fans throwing shoes at ...

 

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