ECONOMY

Bloomberg Economics: Rising Private Sector Spending, Fiscal Stimulus Boost Non-Oil Economy

Kingdom Tower
Rising private sector consumption and government fiscal stimulus measures are expected to give a boost to the non-oil Saudi economy, Bloomberg Economics reports.

Saudi Arabia

News, analysis, and more

Saudi Oil Policy

Saudis Get ‘’Moderate’’ Requests To Replace Lost Iranian Oil Supply

What’s more interesting, however, is that, according to the source, Saudi Arabia had no plans to increase its overall exports next month. ...

 

Public Investment Fund

Saudi sovereign fund invests indirectly in Arabian Centres IPO: sources

Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, has indirectly invested in the $747 million initial public offering of mall operator Arabian ...

 

Saudi Economy

Heatmap Shows Saudi Economy Humming at Pre-Purge Clip: Graphic

BE expects non-oil growth to average 2.6% this year, up from 2.1% in 2018, helped by fiscal stimulus, a lower drag from monetary policy and ...

 

Nuclear Power

Dem spending bill would block funds to support nuclear sales to Saudis

A spending bill released Thursday by House Democrats would restrict the Trump administration from selling nuclear technology to Saudi Arabia. “None of the funds appropriated by ...

 

Serious Fraud Office

The U.K.’s Big Saudi Bribery Probe Is Stuck in Legal Limbo

The SFO, which has the same 54 million-pound budget it had five years ago, has been the target of political sniping, and is regularly challenged ...

 

Defense

Saudi vessel leaves French coast without arms cargo

A Saudi vessel that had been due to load arms in France left the country’s Le Havre port without its cargo of weapons and is ...

 

Tourism

Apparently, Saudi Arabia’s luxury Red Sea resort is ‘equivalent to Maldives’

"When I see the Red Sea, which has never been operated, I mean what a privilege. People pay a lot to go to the Maldives ...

 

Novartis

Novartis sees Saudi Arabia as promising market for producing its cancer drugs

It will find plenty of competition from other Western drugmakers that got there first. Pfizer two years ago opened a $50 million, 11,108 -square-meter (119,565-square-foot) ...

 

Saudi-China

Saudi Arabia, China keen on boosting bilateral ties: officials

Noting that next year will mark the 30th anniversary of the establishment of China-Saudi Arabia diplomatic relationship, Chen said that China is willing to work ...

 

Saudi +

Regional and related topics

U.S.-Iran

After Trump invite, Iran commander says: No talks with US

The verbal exchange comes as tensions escalate between Washington and Tehran. The Trump administration sent the aircraft carrier USS Abraham Lincoln and a bomber squadron ...

 

U.S.-Iran

The Flash Point Between America and Iran Could Be Iraq’s Militias

The global fight against ISIS created strange alliances—and the de facto one between the U.S. military and Iraq’s Shiite militias, some of whom are backed ...

 

Department of Defense

Patrick Shanahan nominated as secretary of defense by President Trump

Shanahan took over the job in an acting role following the December resignation of Mattis, who left the administration over a series of policy differences ...

 

Oil Markets

OPEC in the dark on oil supply as Russia, Iran cut exports

OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant ...

 

U.S. Foreign Policy

Commentary: The U.S. Can’t Escape the Middle East

The continued focus on Iran despite the department’s stated pivot to Russia and China has frustrated many observers and former officials. Wasser pointed out that ...

 

Uber

Uber’s IPO will be early test for SoftBank’s massive venture fund

In the second half of 2017, Uber was in a state of disarray. Travis Kalanick, the hard-charging cofounder and CEO who built Uber into a ...

 

Acquisitions

What Souq-Amazon and Uber-Careem deals mean for Middle East’s online platforms

MAGNiTT has seen an acceleration in recent years of such acquisitions, with 12 registered in 2019 so far, compared to 17 in all of 2018. ...

 

Libya

Libyan government presses US to block Gulf support for Tripoli offensive

The lobbying push follows President Donald Trump's April 19 comments during a call with Hifter that seemed to green-light his offensive on Tripoli, a reversal of ...

 

U.S.-Qatar

US clears $3 billion Apache sale for Qatar

The U.S. State Department has cleared a potential foreign military sale deal of 24 AH-64E Apache attack helicopters, in a deal that could be worth ...

 

Gaza

Israel lifts Gaza fishing ban as calm returns

The measure is seen as a first step in implementing a fragile truce meant to avert a new conflict between the army and Palestinian militants. ...

 

Recent Editions