Saudi Arabia to Invest $35 Billion in Movie Theaters by 2020; Seeks 2,500 Screens

Saudi Arabia’s General Commission for Audiovisual Media (GCAM) announced that the Kingdom will spend $35 billion on cinemas by 2020, according to reports.

Saudi Arabia

News, analysis, and more

Aramco $ Bond

Aramco treads carefully on Saudi ties as it markets debut bond

Moody’s and Fitch said Aramco’s rating was capped by their assessments of Saudi Arabia, but unconstrained by its sovereign links it would have achieved ratings ...


Solar Energy

Saudi Arabia shines a light on future of solar power

“The reason (for turning to CSP) is very simple — it’s driven by the tariff, where PV and wind have already internationally given a lower ...



Saudi Arabia Unveils $35 Billion Cinema Investment

Saudi Arabia's emerging cinema scene was given a boost on Thursday, following an announcement by the government to invest some $35 billion in cinemas by ...


Saudi Stock Market

Why The Saudi Arabia ETF Is Soaring

At 2.6 percent, Saudi Arabia's weight in the MSCI benchmark will exceed those of Thailand, Indonesia, Poland and Chile, among others. ...


Nuclear Power

Saudi plans to invite bids for nuclear power project in 2020: sources

Saudi Arabia plans to issue a multi-billion-dollar tender in 2020 to construct its first two nuclear power reactors and is discussing the project with U.S. ...



Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier

Maaden will boost its exploration budget to 250 million Saudi riyals ($66.7 million) this year, about triple its average annual spending over the past decade, ...


Aramco $ Bond

What Saudi Aramco’s Bond Prospectus Reveals About Its Oil Reserves

For those who are wondering about the depletion rates for Aramco’s oil fields, the prospectus also indicated that half of Aramco’s reservoirs are less than ...



Saudi Arabia’s King Salman grants Iraq $1 billion to build sport city

Saudi Arabia will fund the construction of a $1 billion sports city in Iraq as well as open four consulates, authorities said after the second ...



Saudi Government’s Agriculture Investor Buys Australian Farmland

The purchase of Baladjie Pty Ltd., which also owns 40,000 merino sheep, in Western Australia’s wheat belt is the company’s first investment in the country ...



Saudi Arabia pays $40m to PA’s budget

Saudi Arabia has transferred $40 million through the Saudi Development Fund to the Palestinian Authority (PA), Saudi news agency WAS reported yesterday. WAS said that this ...



Saudi Arabia retrieves 1,000 artifacts from US

The Saudi Commission for Tourism and National Heritage (SCTH) has retrieved recently more than 1,000 heritage artifacts from the United States in coordination with the ...


Saudi +

Regional and related topics


Trump may ‘take care’ of F-35, S-400 issue, Turkish official claims

Çavuşoğlu also claimed that U.S. President Donald Trump has opened the door to keeping F-35 sales to Turkey going, despite a Pentagon statement this week ...


Turkey Elections

Turkey AK party rulers are bad losers, says election ‘winner’ Imamoglu

In daily press conferences - and on his Twitter biography - Ekrem Imamoglu of the opposition CHP party says he's the new mayor. Preliminary results from ...


U.S. Diplomats

How the US is filling diplomatic gap with picks for Saudi Arabia, Iraq and Libya

The United States still lacks diplomats in key posts throughout the region. And Republicans and Democrats are blaming each other for the vacancies. ...


Iran in the Region

Pentagon says Iran killed 603 US troops in Iraq

The revised death toll means that Iran is responsible for 17 percent of all U.S. troops killed between 2003 and 2011, Hook claimed. ...



Iran floods: death toll continues to rise

Most of the country has been affected by flooding since March. The north-east was swamped on 19 March before the west and south-west of the ...



Afghanistan Watches Its Own Peace Process From The Sidelines

Adding to the ignominy of being left out of the U.S.-Taliban negotiations in Qatar, some of the president's rivals held high-profile meetings with Taliban negotiators ...



‘Erasing the poor’: Pakistanis feel crunch of rising prices

Pakistan’s surging petrol prices have more than halved the income of taxi driver Yasir Sultan, just one of many consumers whose faith in a government ...



Global debt on the rise, Africa hit hardest

Debt has been rising around the world and according to a new report, the trend is unlikely to stop anytime soon. Some African countries are ...



Syrian government forces shell rebel-held northwest, kill 12

The northwest, including Idlib province and parts of Hama and Aleppo provinces, is home to about 3 million people, half of whom have already been ...



SoftBank Is Said to Seek $15 Billion More for Its Huge Tech Fund

For SoftBank Group Corp., $100 billion isn’t enough. The Japanese conglomerate, which has reshaped the technology startup landscape with its Saudi-backed Vision Fund, is in ...


Qatar Crisis

UAE pilot vying to head aviation council pledges neutrality amid Qatar dispute

A United Arab Emirates pilot running to head the UN aviation agency’s governing council said she is capable of playing a “bridging role” in trying ...


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