ECONOMY

Saudi Arabia Jumps 13 Places to 26th Overall in IMD World Competitiveness Ranking

Crown Prince Mohammed bin Salman.
Saudi Arabia jumped 13 places in one ranking on world competitiveness as the Kingdom's economic reforms continue to gather steam.

Saudi Arabia

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Competitiveness

Saudi Arabia jumps 13 places to the 26th position in world competitiveness ranking

The report measures national competitiveness based on 4 main factors: economic performance, government efficiency, business efficiency, and infrastructure. These factors encompass 20 sub-factors and 235 ...

 

Saudi Youth

Saudi Millennials more positive than increasingly pessimistic global peers

Taking the pulse of more than 13,000 Millennials around the globe – those born between 1983 and 1994 – the eighth annual edition of Deloitte’s ...

 

Foreign Reserves

Saudi foreign reserves rise 1.1% in April

Foreign reserve assets of the Saudi Arabian Monetary Agency (SAMA) rose by 1.1 per cent on a monthly basis by the end of April to ...

 

Islam

Saudi Cleric Calls Mosque Segregation ‘Phobia of Women’

Gender segregation has reached the level of a “kind of phobia,” Adel Al-Kalbani said on a state-sponsored television channel this week, arguing that in the ...

 

U.S.-Saudi Relations

Furious lawmakers aim to block Trump’s Saudi arms sales

Experts say legislative options exist despite Trump’s move to invoke emergency powers that waive a congressional review period for the deals. But any attempt to ...

 

Iran Tensions

Emergency Saudi Arabia summit to focus on defusing Iran tension

Saudi Arabia is preparing to receive Arab leaders in Makkah for two summits aimed at addressing the recent tension with Iran. King Salman, the country’s ruler, ...

 

MERS

Six new Saudi MERS cases as study shows virus infecting Bactrian camels

Saudi Arabia's Ministry of Health (MOH) announced 6 new MERS-CoV cases over the past 3 days, including 3 in Riyadh and 3 fatalities, and in ...

 

Entertainment Seasons

Eid Season to be launched in Saudi Arabia

Events will be held in Riyadh, Jeddah, Madinah, the Eastern Province, Al-Ahsa and Taif. Restaurants and hotels will announce special offers and some shopping malls ...

 

Yemen Civil War

Saudi-led coalition targets Houthis in Yemen’s Dalea

The Saudi-led coalition fighting in Yemen has started an operation against Houthi targets in the Yemeni province of Dalea, Al Arabiya TV reported on Wednesday. ...

 

Saudi-China

Chinese mega-vessel docks at Saudi Arabia’s Dammam port

Dammam’s King Abdul Aziz Port has received one of the world’s largest mega-vessels and the largest vessel in the history of Saudi ports. Cosco Shipping’s Solar ...

 

Manga

Manga to launch first feature-length animation film

Animation on the feature will completed in Riyadh and Tokyo. With production expected to take 27 months, employing 330 people, at a cost of $10-15 ...

 

Defense

Rights group tries to block new Saudi ship from leaving France with arms

A French rights group sought on Tuesday to block the loading of what it said were munitions onto a Saudi Arabian ship docked in southern ...

 

Maaden

Saudi miner Ma’aden to raise $5bn through rights offering

The Saudi Arabian Mining Company (Ma’aden) plans to raise more than $5bn in funding through a rights offering, which could be the world’s biggest rights ...

 

Saudi +

Regional and related topics

U.S.-Iran

In UAE, Trump’s adviser accuses Iran of seeking nuclear arms

Donald Trump’s national security adviser said Wednesday there was “no reason” for Iran to back out of its nuclear deal with world powers other than ...

 

Oil Prices

Libya could mark next major supply shock, analysts warn

Libya has been gripped by a sustained resurgence of fighting since early April, when rebel forces loyal to renegade General Khalifa Haftar — who effectively ...

 

OPEC+

Iran, Russia, Saudi Conflict Threatens OPEC Unity

Iran's complaint is indicative of a serious problem within OPEC. Russia is not an OPEC member because it does not want to be bound by ...

 

Arms Sales

Trump Administration Announces Approval for New Saudi, Emirati Arms Deals

Of the 22 proposed deals, seven have been announced by the Defense Security Cooperation Agency.  Three of these potential contracts (estimated value: $2.7 billion) were ...

 

Israel

Israel may hold new elections as Netanyahu struggles to form a coalition

While previous coalition negotiations have come down to the wire, analysts say this time is different, with no coalition agreements finalized and partners trying to ...

 

U.S. Elections

Fake social media accounts spread pro-Iran messages during U.S. midterms

A network of fake social media accounts impersonated political candidates and journalists to spread messages in support of Iran and against U.S. President Donald Trump ...

 

Aladdin

How the new ‘Aladdin’ stacks up against a century of Hollywood stereotyping

Disney wanted to avoid repeating these same problems in the live action version of “Aladdin,” which came out on May 24. So they sought advice ...

 

GCC Summit

Qatar attendance at Saudi summit raises prospect of detente

The US has been putting private pressure on Saudi Arabia and Qatar to bury their differences ahead of the imminent publication of the Middle East ...

 

Technology

IBM, Huawei And Hikvision Battling To Sell Facial Recognition Technology In Dubai

Face recognition has been banned in San Francisco and linked by AOC to a rise in global fascism. But it’s being marketed in Dubai, which ...

 

Abraaj Group

Abraaj founder released from custody after $19 million bail payment

Arif Naqvi, the Pakistani founder of collapsed private equity firm Abraaj Group, has been released from custody after meeting bail conditions including the payment of a ...

 

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