ECONOMY

Jadwa Investment Sees Non-Oil Sector Growth in Saudi Arabia at 2.4% in 2019

Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019.
A recent report issued by Jadwa Investment shows expected growth in the non-oil sector at 2.4 percent in 2019, compared to 1.7 percent in 2018, and forecasted 2020 non-oil sector growth at 2.7 percent.

Saudi Arabia

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OPEC

Saudis Pledge to Keep Doing OPEC’s Heavy Lifting as Shale Surges

Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication ...

 

Saudi Women

Saudis Plan to Ease Travel Restrictions on Women

Saudi Arabia is planning this year to loosen restrictions on women’s ability to travel without a male guardian’s permission, officials and people familiar with the ...

 

Tourism

Saudi Arabia forecast to see continued tourism growth

Saudi Arabia will see continued growth in the hotel sector across the kingdom, fueled by increasing demand from tourists, according to a new report. ...

 

Stock Market

Assessing the Opportunities in Saudi Arabian Stocks

Mohamad Al Hajj, an equities strategist at EFG-Hermes in Dubai, talks about Saudi Arabian stocks. ...

 

Saudi Aramco

China’s Sinopec signs pipeline contract with Saudi Aramco for Marjan oilfield

China’s Sinopec Group on Thursday said its Sinopec Engineering Incorporation subsidiary had signed a contract to work on two pipeline projects at Saudi Aramco’s Marjan ...

 

Saudi-EU

EU mulls adding Saudi Arabia to money-laundering gray list

The European Union is preparing an overhaul of its listing of countries that pose money-laundering risks, an EU confidential document shows, a review that could ...

 

Entertainment

Saudi’s GEA inks MoU to provide Six Flags scholarships for Qiddiya

The Saudi General Entertainment Authority (GEA) and Qiddiya Investment Company (QIC) have signed a memorandum of understanding (MoU) to launch job placement programs. 60 students ...

 

Agriculture

Beekeeping is buzzword at Saudi international honey forum

Experts from Saudi Arabia, the US, Bulgaria, Australia, India, Ethiopia, and Arab countries including Morocco, Egypt, Sudan, Yemen, Tunisia, and Lebanon, were participating in the ...

 

Renewable Energy

Saudi Arabia readies initial 1.4 GW tender

Saudi Arabia has announced details of the tendering process for the second round of its National Renewable Energy Program (NREP) with requests for proposals for ...

 

Banking and Finance

Goldman Sachs Hires JPMorgan Banker for Saudi Investment Banking

Goldman Sachs Group Inc. hired JPMorgan Chase & Co.’s Mohammed Nazer to join its investment banking team in Saudi Arabia, according to people familiar with ...

 

Saudi-Egypt

Saudi Arabia, Egypt sign deals to support microfinance projects

Saudi Arabia has signed a triple agreement to finance a range of industrial development projects in Egypt, the Saudi Press Agency reported. The Saudi Fund for ...

 

U.S.-Saudi Relations

Bipartisan senators again aim to hold Saudi Arabia accountable

Senate Foreign Relations Committee Chairman Jim Risch and committee members Sens. Chris Coons, a Delaware Democrat; Marco Rubio, a Florida Republican; and Jeanne Shaheen, a ...

 

Saudi +

Regional and related topics

U.S. Military

Majorities of US veterans say Iraq, Afghanistan wars weren’t worth fighting

Among veterans, 64% say the war in Iraq was not worth fighting considering the costs versus the benefits to the United States, while 33% say ...

 

Iran

Iranian boats attempted to seize British tanker in the Persian Gulf

Armed Iranian boats unsuccessfully tried to seize a British oil tanker in the Persian Gulf Wednesday, according to two US officials with direct knowledge of ...

 

Libya

Libya’s Civil War: Navigating its Dangerous New Phase

The commander of the self-styled Libyan National Army (LNA), Khalifa Haftar, has launched a new foreign-backed air campaign to unseat the U.N.-backed Government of National ...

 

Dubai

Dubai’s Jobless Recovery Adds Asterisk to Biggest Spurt in Years

Dubai is getting by with less as the emirate’s economic turnaround leaves a trail of job losses. Although business confidence is on the rise, narrowing margins ...

 

Qatar

While Trump praises Qatar, education officials seek scrutiny

When President Donald Trump welcomed the emir of Qatar to Washington with a lavish Treasury Department dinner, the guest list included the president of Georgetown ...

 

Lebanon

Hezbollah: New sanctions widen U.S. assault on Lebanon

Lebanon’s Hezbollah said on Thursday that new U.S. sanctions against three of its officials, including two MPs, have widened Washington’s assault on Lebanon. The move marks ...

 

Syria

Assad hits a wall in Syrian war as front lines harden

President Bashar al-Assad’s assault in the northwest has been met with a painful rebel counterpunch that underlines Turkish resolve to keep the area out of ...

 

Middle East Peace

Opinion: Neither Peace nor Prosperity: Jared Kushner’s Middle East Peace Plan Falls Flat in Bahrain

Kushner—gifted the portfolio by his father-in-law—outlined the plan’s themes and goals in a diffident, yet arrogant, tone, as if this approach had never been tried ...

 

Iraq

China’s state construction giant sees more energy projects in Iraq

China State Engineering Corp (601668.SS) sees more opportunities for oil projects in Iraq and is interested in expanding into Saudi Arabia and neighboring Gulf state ...

 

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