SAUDI-KOREA

Crown Prince Mohammed bin Salman Visits South Korea ahead of G20 Summit in Japan

saudi-korea
Saudi Arabia's Crown Prince Mohammed bin Salman, en route to the G20 meetings in Japan this weekend, made an official and high-level visit to South Korea in a sign of strong ties between the two nations.

Saudi Arabia

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Investment

Saudi Arabia relaxes ownership limits for foreign investors

Saudi Arabia has relaxed a 49% limit for foreign strategic investors in shares of listed companies, aiming to attract billions of dollars of foreign funds ...

 

Abu Osama Al-Muhajir

Revealed: How Saudi special forces captured Yemen’s Daesh chief in daring 10-minute raid

The operation began, as sensitive security operations often do, with intelligence. Sources reported that Al-Muhajir was living in a house in a Yemeni village, with ...

 

Saudi-Malaysia

Saudi-Malaysian Refinery To Start Operating By Year-End

The RAPID facility will have a processing capacity of 300,000 barrels of crude daily, with its petrochemicals production capacity standing at 3.3 million tons annually ...

 

Oil Markets

Iran sanctions: Indian Oil is stepping up imports of US and Saudi crude

US sanctions have forced a leading purchaser of Iranian crude exports to buy more oil from Saudi Arabia and the United States. Sanjiv Singh, head of ...

 

U.S.-Saudi Relations

Senate advances bill to push back on Trump’s Saudi arms sales

The Senate Foreign Relations Committee on Tuesday advanced new restrictions on the president’s ability to use emergency authorities to sell arms without Congress’ approval. ...

 

SABIC

How Saudi’s SABIC plans to help save the planet

The SABIC Sustainable Development Roadmap 2019, aligned to the United Nations Sustainable Development Goals, forms part of the company’s 2025 strategy. It spans its entire value ...

 

Blackstone

Blackstone raises more than $12bn for Saudi-backed infrastructure fund

Blackstone Group is set to close on more than $12 billion for its debut infrastructure fund, anchored by money from the kingdom of Saudi Arabia, ...

 

Saudi REITs

Saudi REITs included in FTSE EPRA/Nareit Emerging Index

The inclusion of Saudi REITs in global real estate indices will raise the level of Saudi REITs and align it with the international best practices, ...

 

Entertainment

Joss Stone says Saudi women are ‘strong’ after performing in the country

English singer and songwriter Joss Stone said she loved Saudi Arabia and that she hopes to visit again, through her personal social media accounts. According to ...

 

Entertainment

Saudi Arabia’s mega entertainment project Qiddiya reveals master plan

The Qiddiya Investment Co. (QIC) has unveiled the much-anticipated master plan for Qiddiya, the entertainment city being constructed on the doorstep of Riyadh. The announcement on ...

 

5g

Zain brings 5G to Saudi Arabia with Nokia

Under a three-year deal, thousands of 5G sites are being deployed bringing faster speeds and higher quality across its networks to support a renaissance in ...

 

Saudi Cinema

Ron Howard’s ‘Pavarotti’ First Major Doc to Get Saudi Arabia Release

Pavarotti, produced by the same team behind The Beatles: Eight Days a Week, will be released in the kingdom July 25 by Front Row Filmed ...

 

Pilatus

Swiss ban aerospace firm Pilatus from operating in Saudi, UAE

In 2017, Pilatus signed a five-year maintenance contract on a fleet of 55 jets it sold to the Saudi military, while the UAE has bought ...

 

Global Oil Markets

Saudi Aramco Says It Can Keep Oil Flowing If Hormuz Hit

“We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply through the Red Sea and we have ...

 

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Regional and related topics

U.S.-China

US and China agree tentative trade war truce before G20 summit

Since the trade war started nearly a year ago, Trump has imposed 25 per cent tariffs on US$250 billion worth of Chinese goods. ...

 

Iran

Experts fear ‘snowball effect’ as Iran abandons nuclear deal

The United Nations says Iran has so far respected the deal’s terms. But by Thursday, Iran says it will have over 300 kilograms (660 pounds) ...

 

OPEC+

OPEC+ Grapples Oil Risks From Trade War to Mideast Conflict

OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to ...

 

Trump Peace Plan

U.S. economic plan decried by Palestinians but gets cautious nod in Gulf

The Palestinians and many Arabs in the region have dismissed Kushner’s plan for a trade and investment boost as pointless without a political deal. Arab ...

 

African Migrants

Why Record Numbers of African Migrants Are Showing Up at the U.S.-Mexican Border

Hundreds of people fleeing violence in the Democratic Republic of the Congo, Eritrea, Somalia, Sudan, and beyond are embarking on journeys to South America either ...

 

Migration Patterns

People problems between the Gulf and the Horn of Africa

There has long been a pattern of migration from the Horn to the Arabian Peninsula, often via Yemen. But new patterns suggest a return of ...

 

Terrorism

Terrorism Risk Is Declining, but a Closer Look Shows an Ominous, Evolving Threat

In 2018, the number of people globally killed in terrorist attacks dropped by more than a quarter compared to 2017, and the number of total ...

 

Israel

Netanyahu wants to cancel Israel’s second election – The Washington Post

A former military chief of staff, Barak is the only politician who has ever defeated Netanyahu at the polls. Barak, 77, is also the last ...

 

Gulf Shipping

Middle East Gulf risks not yet sufficient to override owner obligations, lawyers say

Attacks on shipping in the Middle East Gulf have not reached a point at which owners can unilaterally drop charterparty and bill of lading obligations ...

 

Afghanistan

Two soldiers killed in Afghanistan were Special Forces in close-quarters fight, according to report

The New York Times reported Wednesday that the two soldiers were from an Army Special Forces team killed by small-arms fire in a close-quarters fight ...

 

Afghanistan

Afghanistan’s Ghani to visit Pakistan in bid to step up peace effort

Ghani’s third visit since 2014 comes as efforts have intensified to reach a political settlement with the Taliban and end decades of war in Afghanistan, ...

 

Kuwait

MSCI to upgrade Boursa Kuwait to Emerging Market status in 2020

Boursa Kuwait is currently the biggest member of the MSCI’s main frontier gauge. Kuwait will now have to compete for the attention of money managers ...

 

UAE Merger

UAE’s Abu Dhabi Financial Group & Shuaa Capital agree on merger

Abu Dhabi Financial Group (ADFG) and Shuaa Capital have agreed on the terms of their merger, which will create an entity with $12.8 billion in ...

 

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