‘Expanded Reach’ for SIDF to Mining, Logistics and Energy Projects – Report

Khalid Al-Falih, Saudi Arabia's Minister of Energy, Industry, and Mineral Resources.
Saudi Arabia is reportedly expanding the reach of its $28b Saudi Industrial Development Fund (SIDF) to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.

Saudi Arabia

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London Beats New York in Drawing Saudi ETF Investor Billions

Investors betting on Saudi Arabian shares are showing a clear preference for funds listed in Europe over the U.S. The contrasting picture may come down ...



GCC investors remain upbeat

GCC investors remain upbeat and continue to focus investments in the region, Bank of America Merrill Lynch’s report on GCC debt capital markets said Tuesday. ...


Oil Markets

Saudi cabinet says extension to cuts will help oil market stability

Saudi Arabia’s cabinet on Tuesday commended the agreement of the OPEC+ grouping to extend oil production cuts until the end of the first quarter of ...



Saudi’s Misk to offer 15 MENA start-ups up to $1m

The non-profit foundation was established in 2011 to empower Saudi youth to become more active in their region's future economy. ...



A wealth of natural wonders and historic sites make Tabuk the perfect Saudi tourist spot

Tabuk region offers a wealth of tourist attractions that help to guarantee a rewarding visit. The varied geography of the area means that a wide ...


Middle East Peace

Saudi Prince Says Kushner’s Mideast Peace Plan ‘Up in the Air’

The Trump administration’s long-awaited Middle East peace plan won’t succeed unless it involves a Palestinian state with its capital in Jerusalem, a senior Saudi prince ...



Saudi General Entertainment Authority, Qiddiya launch job placement programs

The General Entertainment Authority (GEA) and Qiddiya Investment Co. signed a memorandum of understanding (MoU) to launch joint programs to develop human capital. It is part ...


Natural Gas

Saipem CEO says Saudi contracts part of natural gas shift

Two contracts signed in Saudi Arabia for $3.5 billion by Italy’s oil contractor Saipem are part of a shift in the company’s strategy to focus ...


Saudi Film

Contest launched to support Saudi cinema

The Tamheed Fund, a one-time competition introduced by the Red Sea Film Foundation, will support two Saudi feature films at the production stage with up ...



Amir Khan eyes boxing breakthrough in Saudi Arabia to set up fight with Manny Pacquiao – potentially in Dubai

Amir Khan says he is using this week’s title clash with Billy Dib to both make a breakthrough in boxing in Saudi Arabia and prove ...


U.S.-Saudi Relations

Saudi Royals Would Face U.S. Visa Restriction in New Senate Bill

Senate Republicans seeking a way to punish Saudi Arabia over its human rights record without provoking a veto by President Donald Trump are trying a ...



Hyundai E&C secures $2.7 bil. order from Saudi Arabia

Hyundai Engineering & Construction won a 3.2 trillion won ($2.7 billion) order to build gas and crude oil-processing facilities in Saudi Arabia, the company said ...


Saudi +

Regional and related topics

Gulf Security

Fearing Iran, Qatar Continues Building its Missile Defenses

Qatar made a “commitment to acquire” Patriot interceptors and National Advanced Surface-to-Air Missile Systems, or NASAMS, the White House said in a statement following a ...



U.S. Eyes Military Coalition To Safeguard Key Shipping Lanes Amid Iran Tensions

United States is moving forward with plans to form a military coalition to safeguard strategic shipping lanes off Iran and Yemen amid raised tensions with ...



U.S. Missiles Found in Libyan Rebel Camp Were First Sold to France

A cache of powerful American missiles was sold to France before ending up in the hands of rebel fighters loyal to Gen. Khalifa Hifter, who ...



UK and France to send further forces to Syria in aid of US withdrawal

Britain has agreed to deploy additional special forces in Syria alongside France to allow the US to withdraw its ground troops from the ongoing fight ...



Turkey’s Tayyip Erdogan on why central bank needs to be overhauled

Turkish President Tayyip Erdogan said Murat Cetinkaya, the former central bank governor, “did not inspire confidence in markets,” the Haberturk news website reported. ...



US, Egypt warn Turkey over drilling off Cyprus

The United States and Egypt on Tuesday warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for oil and gas ...



Chevron Phillips, Qatar Petroleum sign $8 billion petrochemical deal

Chevron Phillips Chemical and Qatar Petroleum signed an agreement on Tuesday to develop an $8 billion petrochemical plant along the U.S. Gulf Coast, the second ...



Don’t ruin summer, Lebanon tourism minister pleads after shootout

Lebanon’s tourism minister urged politicians on Tuesday not to wreck the country’s best tourist season in years, after a deadly shooting in a popular mountain ...


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