FISCAL POLICY

Saudi Government Revenue Surges Nearly 50% in Q1

Saudi Kingdom Tower Top Economy Riyadh
Government revenue surged to SR245 billion ($65 billion) the first quarter of this year, an increase of 48 percent year-on-year, according to recent data revealed by Jadwa Investment.

Saudi Arabia

News, analysis, and more

Ramadan 2019

Sighting of Ramadan crescent: When religion meets astronomy

The 1984 miscalculation led to Kordi developing a passion for astronomy and, three years later, he joined King Saud University (KSU) as a lecturer. ...

 

Debt Finance

Saudi Arabia’s STC raises $1.25bn from sale of Islamic bonds

The 10-year Islamic bonds pay 3.89 per cent annual return. The US dollar-denominated sukuk sale is the first issuance of a $5 billion debt programme ...

 

Saudi Stock Market

Saudi Arabia drops to near-8 month low, major Gulf markets slide

Oil prices tumbled after President Donald Trump said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between ...

 

Google

Google launches AI-powered virtual assistant for Saudi Arabia

The technology giant’s app has been specially adapted to understand all Saudi dialects and respond in standard Arabic. ...

 

Ma'aden

L&T Construction To Build World’s Largest Gold Mine

Mansourah Massarrah gold project once commissioned will be the largest capacity gold processing plant for Ma’aden. This project will be developed in consortium with OUTOTEC ...

 

Saudi Economy

Saudi private sector maintains strong growth

Efforts to stimulate sales saw average prices charged for goods and services fall for a sixth straight month in April. ...

 

Global Oil Markets

Asian Buyers Forced to Pay More for Saudi Crude on Supply Crunch

The spike in prices for Asian buyers comes as refiners across the top oil-importing region  ...

 

Saudi-Yemen

Commentary: Saudis dish out millions in Yemen aid amid global criticism

But pursuing development projects in tandem with war is a strategy that Saudi officials say is aimed at cultivating local goodwill while making Yemenis self-reliant ...

 

Airbus

Airbus considers legal action against Germany’s ban on Saudi arms sales

Airbus is looking at taking legal action against Berlin over the security system for the border between Saudi Arabia and Yemen - a contract worth ...

 

Aramex

Aramex hires over 1,000 Saudis for crowd-based delivery platform

The programme – launched in December 2018 – aims to offer Saudi nationals employment opportunities in flexible last mile delivery work. ...

 

ETFs

BlackRock, HSBC launch Saudi investment funds

BlackRock and HSBC Global Asset Management have each launched exchange traded funds in the past month that will track the MSCI Saudi Arabia 20/35 Capped ...

 

Saudi-India

Saudi Crown Prince accepted my proposal to release 850 Indians before Ramadan: PM Modi

Prime Minister Narendra Modi visited Uttar Pradesh's Bhadohi on Sunday. He said, "850 people of our country were locked up in jails of Saudi Arabia. ...

 

Saudi-Turkey

Many Saudis cancel travel plans to Turkey during summer vacation

Saudi columnists and writers have been warning Saudis against traveling to Turkey in view of the current developments. ...

 

Saudi +

Regional and related topics

Ramadan 2019

Month of Ramadan Fasting for Many Muslims Begins Monday

Muslims in Southeast Asian countries like Indonesia and Malaysia, and much of the Middle East, including Egypt, Iraq and Saudi Arabia, will fast on Monday ...

 

Oil Prices

Oil prices slump after Trump’s tariff threat against China

Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of ...

 

U.S. Military

US deploying carrier, bomber task force in response to ‘troubling’ Iran actions

A US official with direct knowledge of the situation told CNN the threats were against both US maritime and land-based forces in the region. The ...

 

Gaza

Israel, Gaza forces agree to cease-fire after weekend of violence

Israel and militant forces in Gaza agreed to a cease-fire early Monday after a weekend of violence that killed at least 27 people and ...

 

Libya

Libyan officials say 200 people have been killed in recent fighting

The US appears to have accepted the view of its chief Middle Eastern allies that Haftar’s assault can be seen as the act of a ...

 

Yemen Civil War

With focus on Hodeidah, Yemen’s war rages on elsewhere

Al-Dhalea straddles the main roads between the government-controlled southern port of Aden, a major entry point for aid and commercial supplies, and the Houthi-controlled capital ...

 

U.S.-Turkey

Lawmakers offer bill to block F-35 for Turkey

“Operating the S-400 alongside the F-35 would compromise the aircraft and its sensitive technology, impact interoperability among NATO allies, and most importantly pose serious risk ...

 

Muslim Brotherhood

Perspective: A strategic US approach is required to counter the Muslim Brotherhood

The Brotherhood, writ large, isn't an organisation at all, but a loose network that encompasses entities with many different orientations and conduct within a broader ...

 

Iran Sanctions

Commentary: Sanctions on Iran are biting, but the goal is elusive

Sanctions will achieve a more modest goal: They will deprive Iran of money it could use for nefarious purposes. That’s what Trump administration officials emphasized ...

 

Biodiversity

How to fix Nature and avoid human misery: UN report

The direct causes of Nature's degradation -- in order of importance -- are shrinking habitat and land-use change, hunting for food or illicit trade in ...

 

Taliban Talks

Taliban say gap narrowing in talks with US over Afghanistan troop withdrawal

The Taliban on Saturday said the gap is narrowing in talks with Washington’s special peace envoy over a timetable for the withdrawal of U.S. troops ...

 

Syria

Syrian government intensifies bombardment of rebel-held area

Syrian government bombardment of rebel-held areas in the country’s northwest has killed and wounded dozens and forced thousands to flee their homes, further endangering an ...

 

Niger

At least 55 dead after fuel tanker truck explodes near crowd

Authorities in the West African nation of Niger say at least 55 people are dead after a tanker truck filled with fuel exploded near the ...

 

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