Crown Prince Mohammed bin Salman to Visit Pakistan on Saturday, Announce $20b in Deals

Crown Prince Mohammed bin Salman.

Saudi Arabia

News, analysis, and more

Oil Prices

Analysis: Saudi Arabia’s Golden Giveaway to Crude Producers

By cutting output more than it pledged and promising to go even further next month, the world’s largest crude exporter is handing a free pass ...

 

Nuclear Power

U.S. Senate proposal would block Saudi path to atomic weapon in nuclear deal

U.S. senators from both parties introduced a resolution on Tuesday requiring that any deal to share U.S. nuclear power technology with Saudi Arabia block the ...

 

Investment

These Funds in Saudi Arabia Are Almost Extinct as IPOs Fade

Funds focused on buying IPO stocks boomed in the kingdom as regulators implemented reforms aiming at increasing institutional participation in the Arab world’s biggest equities ...

 

Saudi-EU

EU adds Saudi Arabia, Panama to dirty-money blacklist

The European Commission added Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat to the bloc because of lax ...

 

Technology

Apple, Google In Crosshairs For Carrying App That Lets Saudi Men Track Wives

U.S. tech giants are getting blowback from human rights activists and lawmakers for carrying the app. The app, called Absher, was created by the National Information ...

 

Business Optimism

Saudi Arabia-based execs optimistic about 2019

A vast majority of C-level executives in Saudi Arabia said they believe Saudi Arabia will meet its Vision 2030 goals ...

 

SAMA Sandbox

Saudi banking regulator launches regulatory sandbox to test FinTech

The move that mimics similar initiatives by other regulators in the Arabian Gulf will help the Saudi Arabian Monetary Authority understand and assess the impact ...

 

PIF in America

Saudi wealth fund plans San Francisco office in technology push

The Public Investment Fund is looking to open offices in San Francisco, as well as New York and London, Managing Director Yasir Al-Rumayyan said at ...

 

Saudi Aramco

Saudi Aramco venture capital arm invests in fitness app

Saudi Aramco’s venture capital arm, Wa’ed Ventures, has invested $1.5 million in Jeddah-based fitness start up GetMuv. ...

 

Saudi-India

Saudi Arabia mulls investment in Indian infrastructure fund NIIF

Saudi Arabia is considering investing in India’s infrastructure fund as the kingdom’s crown prince plans his debut visit to the South Asian nation next week. ...

 

Saudi-Canada

General Dynamics reports financial delay from business with Saudi Arabia

In conversations with investment analysts, General Dynamics executives appeared confident that Trudeau will not cancel the armored-vehicles contract. As for the missing cash, they referred ...

 

Customs

Public Prosecution to handle customs probes in Saudi Arabia

King Salman on Tuesday issued a royal decree to transfer investigations and prosecutions of customs cases to the Public Prosecution, instead of the General Customs ...

 

AHAB

Saudi court rejects AHAB’s filing under bankruptcy law

A commercial court in Dammam has rejected an application by the conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) to settle its debt under a new ...

 

Saudi +

Regional and related topics

Warsaw Conference

European powers to present cool front at Warsaw summit

Key European powers will offer only limited participation in a high-profile Trump administration summit on the Middle East starting on Wednesday, reflecting their growing anger ...

 

Oil Prices

Oil gets a boost from Saudi output pledge, declining U.S. inventories

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its ...

 

Israel in the Region

Netanyahu confirms latest Israeli strike in Syria

“We are operating every day, including yesterday, against Iran. All the time. Against Iran and against its attempt to entrench itself in the area,” Netanyahu ...

 

127 Echo

Special operations launches ‘secret surrogate’ missions in new counter-terrorism strategy

The shift comes as the Defense Department implements the 2018 National Defense Strategy, which prioritizes near-peer adversaries like China and Russia ahead of violent extremist ...

 

Pakistan

Analysis: Pakistan’s Approach to Navigating the Saudi-Iranian Split

As much as Pakistan’s civilian leaders have tried to avoid an overtly public tilt in the country’s foreign policy toward Saudi Arabia, close military and ...

 

Iran

Iran says Negotiations with US will bring ‘material and spiritual harm’

Iran’s supreme leader said Wednesday that negotiations with the U.S. “will bring nothing but material and spiritual harm” in remarks just ahead of an American-led ...

 

Egypt

Shell, Eni, ExxonMobil win concessions in Egypt tender

Shell won most of the concessions in an oil and gas exploration tender organized by the Egyptian natural gas holding company and the country's General ...

 

Egypt

Egypt’s Parliament to vote on extending president’s term

Egypt’s Parliament began deliberations Wednesday over constitutional amendments that could allow President Abdel-Fattah el-Sissi to stay in office till 2034 — 12 more years after ...

 

Lebanon

US delivers laser-guided rockets to Lebanese military

In a statement, it says the rockets delivered Wednesday are a key component for a fleet of A-29 Super Tucano attack aircraft previously delivered. The ...

 

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