ECONOMY

Latest Economic Data Shows Continued Improvement in Saudi Economy, Jadwa Investment Says

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
Latest economic data from Jadwa Investment's March 2019 economic chartbook shows more positive signs for the Saudi economy.

Saudi Arabia

News, analysis, and more

U.S. Congress

Senators Threaten Saudi Sanctions After Trump Misses Deadline

The lawmakers sought the briefing after the Trump administration didn’t make a determination by a Feb. 8 legal deadline to report to Congress whether the ...

 

Military

First phase of US missile system sale to Saudi Arabia moves forward

The first phase of Saudi Arabia's long awaited purchase of an advanced US missile defense system has been finalized with the formal awarding of a ...

 

Saudi-Syria

Saudi Arabia rules out diplomatic ties with Syria until stability restored

Saudi Arabia on Monday ruled out restoring diplomatic relations with Syria or reinstating Damascus to the Arab League without progress on a political process to ...

 

Saudi-Russia

Saudi king meets Russian foreign minister in Riyadh

Saudi Arabia’s King Salman met Russian Foreign Minister Sergei Lavrov in Riyadh on Tuesday, footage on the Russian foreign ministry’s official Youtube channel showed. ...

 

Asia Tour

Saudi Arabia crown prince to invest billions in China, India, Pakistan

In a post-Khashoggi world — where Riyadh's longtime bond with its foremost security ally, Washington, faced its biggest crisis in years over human rights issues ...

 

Economy

Saudi non-oil private sector business growth at highest since December 2017

Saudi Arabia’s non-oil private sector business rose to its highest level in 14 months due to a domestically-driven rise in new orders, the latest Purchasing ...

 

Saudi-Canada

Saudi Arabia says it believes Canada to go ahead with arms deal

“Regarding the Canada arms deal, we see the Canadian government going ahead with the deal, so the statements are for domestic consumption,” Saudi Minister of ...

 

5G

Saudi Arabia, UAE Lead 5G Networks in Middle East

It added that the majority of the 5G subscriptions in the MEA are expected to come from advanced ICT markets like the GCC countries, especially ...

 

Manufacturing

40% of smartphone material made by Saudi Arabia

Saudi Arabia manufactures some 40% of innovative material used in smartphones, according to Minister of Communication and Information Technology Abdullah Al-Sawaha. ...

 

SABIC

Saudis Weigh $4 Billion Deal for OCI Methanol Assets

Saudi Basic Industries Corp., the Middle East’s biggest petrochemicals maker, is exploring an acquisition of OCI NV’s methanol assets that would solidify its status as ...

 

Saudi-Morocco

Saudi-Moroccan Political Tensions Challenge Quiet Economic Ties

A series of political disputes is testing bilateral relations between Saudi Arabia and Morocco, but growing economic engagement between the two monarchies offers an incentive ...

 

Culture

La Scala criticised over plan to make Saudi minister board member

The prestigious opera house La Scala in Milan has become embroiled in offstage drama of its own, with its boss under fire over negotiations to ...

 

Saudi +

Regional and related topics

Anti-ISIS Campaign

ISIL fighters ‘surrender in large numbers’ in final Syria enclave

Mostafa Bali of the SDF tweeted that about 3,000 people had come out of the village of Baghouz in eastern Syria on Monday through a ...

 

THAAD

In first, US deploys THAAD anti-missile system in Israel

Lt. Col. Jonathan Conricus, an Israeli army spokesman, told reporters that a THAAD battery, flown in from the U.S. and Europe, arrived Monday at an ...

 

5G

30 million 5G subscriptions in Middle East by 2024

It added that the majority of the 5G subscriptions in the MEA are expected to come from advanced ICT markets like the GCC countries Saudi ...

 

Yemen

Yemen’s energy revival plan leaves analysts skeptical

Oil exports have been slashed since 2015 when the civil war began, and total output is estimated at about 50,000 b/d - a drop of ...

 

U.S. - Turkey

U.S. intends to end preferential trade treatment for Turkey

Turkey is one of 120 countries that participate in the GSP, the oldest and largest U.S. trade preference program. It aims to promote economic development ...

 

UAE

U.A.E. Private Companies Cut Jobs at Fastest Pace in a Decade

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade as lower crude prices and a ...

 

Anti-ISIS Campaign

International courts, Gitmo, citizenship-stripping: What next for Western ISIS supporters?

Experts say few countries have embassies or extradition treaties with Syria, let alone with the Kurdish-held areas in northern Syria. Nor have they shown any ...

 

Oil Market

Opinion: Big Oil’s Problems Are More Than Just Perceptions

The hyperbole matters because, if the oil industry is to deal with what ails it, then it had better clearly define what that is. ...

 

Climate

Uber and Lyft IPOs to usher in new wave of climate pressure

Planned IPOs by Uber and Lyft will likely lead to pressure from shareholder activists who want the ride-hailing giants to act more aggressively on stemming ...

 

Afghanistan

Heavy rains, floods kill 32 people across Afghanistan

The Norwegian Refugee Council says more than 32 people have died and thousands displaced as heavy rains and flooding swept away homes across Afghanistan. ...

 

Qatar

Qatar bourse hits 2-month low, major Gulf markets down

The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly ...

 

Iran

Netherlands recalls envoy from Tehran over ‘plot to murder exiled dissidents’

Dutch authorities accused Iran in January of involvement in the murder of two dissidents on Dutch soil in 2015 and 2017, and the EU slapped ...

 

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