ECONOMY

Saudi Economy to Grow at 2% This Year, Government Posts Large 1Q Surplus

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
Saudi Arabia’s central bank governor, Ahmed Al-Kholifey, told Reuters in an interview that he expects economic growth to be “no less than 2 percent” in 2019.

Saudi Arabia

News, analysis, and more

Oil Markets

Saudi Arabia Sees No Need for Immediate Action on Oil Market

Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response ...

 

Saudi Business

Undeterred by Khashoggi murder, global executives return to Saudi Arabia

Riyadh has been trying for months to refocus attention on its reforms, sending a senior delegation to the World Economic Forum in Davos and unveiling ...

 

Saudi Aramco

Aramco’s bond is “only the beginning”, Saudi energy minister says

Saudi Aramco, the world's biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was ...

 

Economy

Saudis Start Year With Budget Surplus for First Time Since 2014

The biggest Arab economy posted a surplus of 27.8 billion riyals ($7.4 billion) in the first quarter, helped by an increase in non-oil revenue as ...

 

Economy

Saudi Arabia’s economy to grow at least 2 pct in 2019, central bank governor says

Saudi Arabia’s central bank expects economic growth to be “no less than 2 percent” in 2019, its governor said on Wednesday. ...

 

U.S.-Saudi

Saudi Arms Deal Languishes as a Rebuke of Trump and the Kingdom

The Trump administration has few options to move forward on a $2 billion arms sale to Saudi Arabia that Congress is leveraging to censure the ...

 

Jared Kushner

Jared Kushner Does Not ‘Dispute’ Saudis Behind Jamal Khashoggi’s Death

Speaking at the TIME 100 Summit on Tuesday, the senior White House advisor called Khashoggi’s death an “absolutely terrible tragedy” but said his own responsibility ...

 

Mohammed Al-Jadaan

GCC is a very secure region, Saudi finance minister says

People need to let go of what they see in the media and come and see for themselves, says Mohammed al Jadaan. ...

 

Defense

Deputy Defense Minister Prince Khalid bin Salman Heads Saudi Delegation to MCIS in Moscow

The eighth Moscow Conference on International Security (MCIS) it set to start on Wednesday under the auspices of the Russian Defense Ministry at the Radisson ...

 

Stars in Arabia

Stunning Timelapse Captures Majestic Moonset in North-Western Saudi Arabia

Awad Alharbi, a Saudi photographer, filmed the timelapse footage describing it as showing the Milky Way spinning above the Sharaan mountains, east of al-Ula city, ...

 

Saudi +

Regional and related topics

Global Oil Markets

Analysis: Oil traders to Saudi Arabia: show us the barrels

Oil traders appear sceptical Saudi Arabia and the United Arab Emirates will offset the reduction in Iran’s exports fully without a further increase in prices ...

 

Sri Lanka Attacks

Sri Lanka detains new suspects amid frantic hunt for bombers

A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police ...

 

Strait of Hormuz

Strait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran waivers

Around 18.5 million barrels a day of crude and refined products moved through it in 2016, nearly a third of all seaborne-traded oil and almost ...

 

U.S.-Iran

Iranian parliament labels entire US military as terrorists

Iranian lawmakers on Tuesday overwhelmingly approved a bill that labels all U.S. military forces as terrorist, state TV reported, a day after Washington ratcheted up ...

 

Yemen Civil War

Yemen’s Houthis ignoring calls for political solution

Saudi Arabia’s deputy defence minister on Wednesday blamed Yemen’s Houthi movement for a stalled peace deal in the main port of Hodeidah, saying the Iran-aligned ...

 

Egypt

Egypt′s constitutional changes approved in referendum

As expected, Egyptian voters have backed the constitutional changes which could see President Abdel-Fattah el-Sissi stay in power until 2030. Turnout was only 44 percent. ...

 

Turkey Economy

Turkey to End Silence Over $20 Billion Mystery With Reserves

An expected increase of as much as $20 billion in net reserves can’t be seen in official accounts for this year through March 29, according ...

 

Climate Change

Greenland Is Falling Apart

Think of Greenland as a huge inland ice sea, surrounded by faster-moving ice rivers (which are glaciers) that empty the sea and carry ice to ...

 

Lockheed Martin

Lockheed, Frustrated with US Air Force, Eyes Foreign F-35 Sales

Lockheed is expected to build more than 130 F-35 for the U.S. and allies this year. Hewson said Lockheed’s factories can be configured to churn ...

 

Bahrain

Bahrain’s king reinstates citizenship of 551 tried in courts

At least 990 Bahrainis have reportedly lost their citizenship through court decisions or executive orders since 2012. Most have been left effectively stateless, and some ...

 

Lebanon

Hariri – ‘Promising summer’ for Lebanon after Saudi travel warning lifted

Saudi Arabia had been advising its citizens since 2011 to avoid Lebanon, citing Hezbollah's influence and instability from the war in neighbouring Syria. ...

 

Rohingya Crisis

Rohingya crisis: 3 top UN officials arrive Wednesday

UN High Commissioner for Refugees (UNHCR) Filippo Grandi, Director General of the International Organisation for Migration (IOM) António Vitorino and UN Under-Secretary-General for Humanitarian Affairs ...

 

Recent Editions