ECONOMY

December Economic Data Shows Slight Cooling but Non-Oil Exports Grow, Jadwa Says

jadwa-sustg-feb2019-nonoil-saudi
The latest monthly economic chartbook released by Jadwa Investment found a cooling in some key economic data points, although the Saudi stock market soared by 10% in January as oil prices rose.

Saudi Arabia

News, analysis, and more

Stock Market

Saudi Stocks Soar Ahead of Reclassification

More than $1 billion of foreign investment in Saudi stocks last month boosted its benchmark index to among the top performers globally, as investors shrugged ...

 

OPEC

OPEC’s Oil Exports to U.S. Fell to Five-Year Low in January

Less foreign oil is reaching American shores, as OPEC production cuts kick in and U.S. sanctions on Venezuela curb its exports. ...

 

Saudi Oil Policy

Saudi Arabia Silences Doubters with New Oil Reserve Estimate

The IEA’s New Policies Scenario estimates that there will be an oil demand increase of 7.5 mb/d between 2017 and 2025. ...

 

Jamal Khashoggi

New U.S. Penalties Against Saudi Arabia Sought by Top Democrat

The top Democrat on the Senate Foreign Relations Committee plans to escalate pressure on the Trump administration to act against Saudi Arabia over the killing ...

 

Sports

Saudi women and sports: A slowly improving sector

With sporting events for Saudi women moving forward, things are definitely looking up for female athletes. Although many continue to criticize the country for being decades ...

 

Grocery Stores

Stiff competition forces big chains to shut down neighborhood stores

One key reason for their exit is that the tasattur operations run by expatriates attract customers because they give credit by allowing them to purchase ...

 

Mining and Minerals

Saudi Arabia to spend $3.8 billion to enhance mineral exploration

Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, ...

 

Corruption Crackdown

Saudi Arabia determined to ‘combat corruption’

Saudi Arabia will continue to preserve integrity and combat corruption, King Salman said at the weekly Cabinet session in Riyadh on Tuesday. ...

 

Saudi Dwelling

Total dwellings occupied with Saudi households in Saudi Arabia in 2018

The Housing Survey’s results showed that the total number of dwellings occupied with Saudi households in Saudi Arabia reached in 2018 (3591098) dwellings, compared to ...

 

Saudi-UAE

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises to ...

 

Labor

Employers hiring illegal workers facing prison, ban in Saudi Arabia

Employers hiring workers living illegally in Saudi Arabia have been warned they could face prison, fines and a recruitment ban. The Saudi General Directorate of Passports ...

 

Tourism

Saudi Arabia identifies five caves for ecotourism drive

Saudi Geological Survey (SGS), the kingdom’s national geological organisation, plans to launch the projects as part of the Saudi Arabia’s Vision 2030 initiative. ...

 

Andrea Bocelli

Opera star Andrea Bocelli regales music lovers at Saudi Arabia’s Tantora Winter Festival

He said he had a special connection to the Kingdom because it was his Saudi friend Mohammed Abdul Latif Jameel who encouraged him to create ...

 

Saudi +

Regional and related topics

Syria

Trump’s Syria Pullout Risks Islamic State Return, General Says

President Donald Trump’s decision to withdraw U.S. troops from Syria won support from the top U.S. general in the region, although he warned Islamic State ...

 

Trump Foreign Policy

Analysis: Why Trump’s Iran policy is sparking Iraqi outrage

The counter-Iran aspect of Trump’s Iraq policy creates challenges for the US administration, since very few officials are left to deal specifically with Baghdad. ...

 

Pope Francis

Commentary: The Pope’s Visit and Emirati Soft Power

Pope Francis' historic visit to the UAE, the first by the head of the Roman Catholic Church to the Arabian Peninsula, represents the most high-profile ...

 

Religion

Pope: My UAE trip Wrote New page in Christian-Islam History

Pope Francis says his pilgrimage this week to the United Arab Emirates wrote a "new page in history of the dialogue between Christianity and Islam" ...

 

GCC VAT

EY expert on how VAT will impact the GCC’s PPP construction projects

The VAT rate in the GCC is one of the lowest in the world, but can multiply to substantial figures on multibillion dollar projects. ...

 

Iran

As Iranian Youth Evolve, So Do Their Means of Communicating

What separates this new generation of Iranians from the previous one is their frame of reference: having been born in the 1990s and early 2000s, ...

 

Iraq

Will Iraq’s Old Divisions Undermine Its New Prime Minister?

In his first hundred days on the job, Adel Abdul Mahdi has hit entrenched political roadblocks to choosing cabinet ministers and changing a system of ...

 

Oil Markets

Loss of Venezuelan oil exports won’t leave huge gap in global market

There is ample spare capacity in other oil producers and strategic reserves to compensate for a loss of Venezuela’s crude exports, helping explain the tepid ...

 

Dubai Bailout

Abu Dhabi expected to extend bailout loan to Dubai, sources say

Dubai got the aid from the oil-rich capital of the United Arab Emirates in 2009 after the global credit crisis caused its real estate market ...

 

Lebanon

Lebanon Seeks Funds From More Allies After Qatar’s $500 Million

The assistance could help allay investor concerns that Lebanon is on the brink of a financial meltdown sparked by political turmoil and doubts over its ...

 

Enes Kanter

Why the New York Knicks Keep Dunking on Erdogan

Kanter is, in addition to being a Knick, the highest-profile and most outspoken disciple in the United States of the cleric Fethullah Gulen. ...

 

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