ECONOMY

Economy Update: Prices cool down after a year of reforms

Saudi Kingdom Tower Top Economy Riyadh
The latest official government figures on inflation for Saudi Arabia show a decline in prices after a year of reforms, according a recently released report by Jadwa Investment.

Saudi Arabia

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Arms Sales

Trump approves $8bn Saudi weapons sale over Iran tensions

Mr Trump invoked a rarely used aspect of federal law to push through the $8bn (£6bn) deal - bypassing Congress. ...

 

Housing

Saudi Arabia’s Ambitious Housing Goals Needs Empowered Women

But away from the headlines and photo-ops, Saudi women are also being empowered by gender-neutral policy changes. One example: the government’s aim to increase home ...

 

Sempra Energy Deal

Strategic and commercial logic behind Saudi Aramco’s ‘dash for gas’

The deal has transformational ramifications on a number of levels. It marks Aramco’s first gas production outside the Kingdom, and will allow it to become ...

 

Saudi Stock Market

Saudi Stock Euphoria Is Unwinding as End of Catalyst Nears

The main Saudi index is heading for its biggest monthly drop since January 2016, indicating a rally anticipating the event may be losing steam. MSCI ...

 

Saudi Oil Exports

China’s crude oil imports from Saudi Arabia up 43% year on year in April

Saudi shipments were supported by higher refinery run rates at Hengli Petrochemical Co Ltd, with production at the 400,000 bpd-capacity refinery in northeast China expected ...

 

GCC Summit

Saudi king invites Qatar’s emir to GCC summit in Mecca

Qatar's Emir Sheikh Tamim bin Hamad Al Thani has received an invitation from Saudi King Salman to attend the emergency Gulf Cooperation Council (GCC) summit on May ...

 

Houthi Attack

Saudi Arabia intercepts armed Houthi drone launched at Jizan airport

Yemen’s Iran-backed rebels have increased missile and drone attacks on Saudi Arabia in the past two weeks amid a standoff between the US and Iran. ...

 

Ma'aden

Saudi miner Ma’aden considers $5 billion rights issue: sources, media

Ma’aden recently completed its first international acquisition, taking an 85% stake in Mauritius-based fertilizer distributer Meridian Group in an all-cash deal. ...

 

Foreign Workers

Saudi Arabia deports over 800,000 illegals since 2017

The ministry launched the campaign titled “A Nation Free of Illegal Residents” on March 29, 2017, with an initial 90-day grace period, which was extended ...

 

Public Behavior

Saudi Arabia to impose fines for breach of new public decency laws

The list covers graffiti and demolition of public property or transport unless authorized by Saudi authorities. Verbal and physical acts of violence or conduct that ...

 

Tobacco Regulations

Saudi Arabia’s Cabinet approves new tobacco license regulation

Saudi Arabia was one of the first countries to ratify the World Health Organization (WHO) Framework Convention on Tobacco Control in 2005, an ambitious plan ...

 

Trukkin

Saudi digital logistics solutions for long-haul trucking services on the rise

Trukkin is one of several startups gaining global recognition in the new industry. In 2018, a Wall Street Journal headline noted that China’s Truck Alliance, ...

 

Novatek

Saudi Aramco ends talks to join Novatek’s Arctic LNG-2 project

Saudi Aramco was not satisfied with the terms of a potential deal and was also concerned about possible sanction risks from joining the project, Vedomosti ...

 

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Regional and related topics

MENA Economies

Beyond 2030: Economic growth in the Middle East and North Africa

MENA economies are becoming more integrated into emerging markets not by increased trade but through state-led development partnerships and the use of aid and economic ...

 

Military Spending

Military spending and arms imports by Iran, Saudi Arabia, Qatar and the UAE

To illustrate the importance given to military capability in these four states, this fact sheet provides a concise overview of trends and patterns of military ...

 

Oman

Oman’s sovereign debt continues to climb as pace of change remains slow

Public debt has ballooned from an average of 11.8 per cent of GDP in the years between 2000 and 2015 to 50.9 per cent in ...

 

E-Commerce

Slow growing Middle East ecommerce market sees positive signs

Still, according to a recent Bain study, e-commerce (excluding automotive, food delivery and travel) only represents 1.9 percent of total retail in MENA, compared to ...

 

HNWIs

Middle East and Africa ‘the engine for growth’ for global wealth managers

Growth of high net worth individuals (typically defined as those with in excess of $1 million in liquid assets to invest) in emerging markets will ...

 

Netflix

Netflix Steps Up Middle East Production With Third Arabic Original

The series, which is set in the 1960’s, marks the streaming giant’s first foray into a drama produced in Egypt which is historically the region’s production ...

 

Newcastle United

Mike Ashley to sell Newcastle to Arab billionaire for $445 mln

Sheikh Khaled, the cousin of Manchester City owner and Arab billionaire Sheikh Mansour bin Zayed Al Nahyan, previously failed in his bid to buy Liverpool ...

 

Cannes

‘For Sama’ Wins Big At Cannes Film Festival

For Sama is a gut-wrenchingly honest journey of a woman who falls in love, gets married and gives birth to her first daughter, Sama, in ...

 

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