DEBT FINANCE

Saudi Arabia Raises €3b in first bond denominated in European currency

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
Saudi Arabia has raised 3 billion euros from over 14.5 billion worth of orders for its first bond denominated in European currency, according to reports.

Saudi Arabia

News, analysis, and more

Euro Bond

Saudi Arabia raises 3 billion with debut euro bond

Saudi Arabia has raised 3 billion euros from over 14.5 billion worth of orders for it first bond denominated in euros, as the kingdom taps ...

 

Health

Saudi Prince’s Cultural Revolution Comes to Scotland

Seafood exports to Saudi Arabia, mainly salmon, grew by 74% in monetary value and 60% in volume in the first four months of this year ...

 

Economy

Saudi private sector growth rises to 18-month high in June

Saudi Arabia's non-oil private sector growth rose to an 18-month high in June, although output prices and growth fell, a monthly survey of companies showed ...

 

Women in the Workforce

Saudi women in workforce witnessed highest growth among G20 countries

Saudi Arabia's unemployment rate for females has dropped significantly in the past few years. During the third quarter of 2018, the rates dropped to 30.9 percent among Saudi ...

 

Saudi Workforce

Saudi Makeover Masks Same Old Habits When It Comes to Jobs

The number of citizens employed in the private sector fell 2% over the past year, a side effect of the economic slump that’s frustrated years ...

 

OPEC+

Saudi-Russian Fling Becomes Marriage With Oil Deal to ‘Eternity’

It was supposed to be a six-month fling, but Saudi Arabia and Russia have instead signed up for eternity. Complete with poem and celebratory badges, Moscow ...

 

Saudi Aramco

Aramco’s $2tn flotation is back on, says Saudi Arabia

Saudi Arabia has reignited plans for a $2tn mega-float of its state oil company, Aramco, just months after putting on hold the biggest public listing ...

 

Yemen Civil War

Saudi cities face growing threat of Yemen rebel drones

As the US worked with Saudi Arabia to choke off missile smuggling routes, drones have emerged as a relatively low-cost and arguably more effective alternative ...

 

Dhahran Techno Valley Ecosystem

Saudi Aramco accelerates technology drive with Baker Hughes General Electric research partnership

The state-of-the-art facility will house a host of groundbreaking technologies, including the first industry 3D printer for metal in Saudi Arabia and a data visualization ...

 

Saudi-Canada

Canadian Export Agency Lifts Suspension on Saudi Arabia Business

Canada’s export financing agency has lifted its suspension on Saudi Arabia-related activity, citing an improving environment for the nation’s businesses since a diplomatic blowout with ...

 

Saudi-Japan

Saudi Crown Prince Mohammed Bin Salman Meets With Japanese Emperor In Tokyo

Japanese Emperor Naruhito welcomed Saudi Crown Prince Mohammed bin Salman at the Akasaka Palace in Tokyo on Tuesday, SPA state news agency reported. ...

 

Entertainment

Rapper Nicki Minaj to headline mega music festival in Saudi Arabia

Organizers of the mega music festival, being held in Saudi Arabia, have revealed the first wave of international artists to take to the stage. Rapper Nicki ...

 

Super Fruit

Saudi move to add dates to ‘super fruit’ list gets global support

She said the growing of date palms in the Kingdom dated back to 6000 years. She added: “Despite the growing of date palms having originated in ...

 

Red Sea Film Festival

Dates of Saudi Arabia’s Red Sea Film Festival Have Been Announced

In the port city of Jeddah, the festival will take place from March 12-21, 2020 helmed by Festival Director and CEO, Barakah Meets Barakah and ...

 

Saudi +

Regional and related topics

Cyber

US-Iran cyber strike marks a military ‘game changer,’ says tech expert

The attack on Iran’s security systems — used to control its rocket and missile launches — was a “game changing” event for both the cyber-security ...

 

Iran Nuclear Agreement

Europeans urge Iran to abide by nuclear pact; Israel says preparing military

European signatories to a nuclear pact with Iran said on Tuesday they were “extremely concerned” by Tehran’s apparent breach of the 2015 deal, as Israel ...

 

U.S.-Turkey

Despite Turkey’s assurances, U.S. still eyes sanctions, F-35 exit

After meeting U.S. President Donald Trump over the weekend in Japan, Turkish President Tayyip Erdogan said Ankara would be spared damaging U.S. sanctions once Russia’s ...

 

War in Yemen

Analysis: UAE Drawdown May Isolate Saudi Arabia in Yemen

UAE sources claim that Emirati units are almost 100 percent out of Marib, 80 percent out of Hodeida, and beginning to withdraw from Aden, leaving ...

 

Anti-ISIS Campaign

Fears Rise of an ISIS Comeback

With the United States continuing its drawdown in Syria, experts fear that the Islamic State could return stronger than ever unless other nations step in—but ...

 

Libya

Airstrike hits Libyan detention center, killing 44 migrants

The airstrike hit a workshop housing weapons and vehicles and an adjacent hangar where around 150 migrants were being held, mostly Sudanese and Moroccans, according ...

 

UAE Investment

Investments of UAE banks in Saudi Arabia and Egypt exceed $24bn

According to the bank data, these investments constitute 15.5% of the total assets of UAE banks, invested abroad, which amounted to about AED 582 billion ...

 

Oman

Oman labour ministry extends expat visa ban on four construction jobs

Visa bans have been extended for expatriate carpenters, metallurgy workers, blacksmiths, and brick kiln workers, for six months from 3 July. ...

 

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