Saudi Arabia’s PIF has agreed initial terms for a $10bn loan – report

Saudi Arabia’s sovereign wealth fund has agreed initial terms for a $10bn loan from a group of the world’s largest banks, the Financial Times reports.

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Women Empowerment

Financial literacy is key to empower women: Princess Reema

Financial literacy and self-sufficiency can empower women in many ways, said Saudi Ambassador to the US Princess Reema Bint Bandar in a video campaign by ...



Saudi Arabia moves to secure Yemen Red Sea ports after UAE drawdown

Saudi Arabia’s military in Yemen has moved in to secure two strategic Red Sea ports and the Bab al-Mandeb Strait after its leading ally the ...



Saudi sovereign wealth fund nears $10bn loan

Saudi Arabia’s sovereign wealth fund has agreed initial terms for a $10bn loan from a group of the world’s largest banks, as Crown Prince Mohammed ...


Yemen Civil War

House Moves Again to Cut Off Support to Saudi War in Yemen

The House voted on Thursday to cut off American support for Saudi Arabia’s war in Yemen and to prevent the Trump administration from using its ...


Shipping and Logistics

Saudi Ports handle 133 million tons of cargo during the first half of 2019

The total tonnage cargo handled in Saudi ports during the first half of 2019 was over 133 million tons with an increase of 4.32%. The ...



Saudi economy is strong, investment-friendly, says Turki Al-Faisal

Saudi Arabia’s economy is strong, solid and attractive for investments, Prince Turki Al-Faisal affirmed while pointing out to local and international data and figures confirming ...


Life and Culture

Designer puts life on the line to sell bullet-proof traditional Saudi clothing

Saleh Alnahdi trusted his products to an entirely new level when he let a man shoot him in the stomach with a handgun at point-blank ...


Tourism and Hospitality

IHG to open 4,200-room Voco hotel in Saudi Arabia

The Voco Makkah in Mecca, Saudi Arabia is scheduled to open in early 2020. With 4,200 rooms, it will be not just the biggest Voco ...



Petrol stations in Saudi Arabia soon to start accepting e-payments

Petrol stations in the Kingdom will start accepting e-payments via the Saudi Payments Network (MADA) from July 17. Ziad Al-Yousef, managing director of MADA, said it ...



King Salman Energy Park signs incubator as anchor tenant

King Salman Energy Park (SPARK) has signed Dubai-based Oilfields Supply Center (OSC) as it anchor tenant. Working in collaboration with Saudi Aramco, OSC will develop a ...


Nuclear Power

Iran’s nuclear program seems to be accelerating. Will Saudi Arabia take a similar path?

While most observers focus on the spiral of U.S. pressure and Iranian defiance, the situation has broader implications for nuclear programs elsewhere — specifically, whether ...


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Regional and related topics

Oil Markets

Oil Heads for Weekly Gain as Supply Risks Buoy Fragile Market

Oil headed for a weekly increase as a storm in the Gulf of Mexico and simmering Middle East tensions supported the market, though the outlook ...



Timeline: Tension between Iran and the West over nuclear plans, Gulf shipping

Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect and British naval forces seized an Iranian ...


2020 U.S. Elections

Candidate Biden says Trump’s foreign policies have harmed America’s standing

Former Vice President Joe Biden, in his first major foreign policy address as a Democratic presidential candidate, on Thursday blasted U.S. President Donald Trump’s performance ...


Red Sea

How the Red Sea is Leading Egypt’s Environmental Action

Established six years ago, CCT aims to encourage exchange of experiences and foster cooperation between policymakers, the business community, the scientific community as well as ...



Libya asks France to explain how its arms reached Haftar forces

Libya's United Nations-recognised government on Thursday demanded urgent answers after Paris conceded French missiles were found at a base used by renegade military commander Khalifa ...



Turkey gets first shipment of Russian S-400 system, defying US

Russia began delivery of an advanced missile defense system to Turkey on Friday, a move expected to trigger US sanctions against a NATO ally and ...



Blast kills scores in Syria’s rebel-held Afrin

A car bomb killed 11 people and wounded many others on Thursday in Syria's Afrin city, which Turkey-backed rebels captured from Kurdish fighters last year, ...



Trump Joint Chiefs pick: Early Afghanistan withdrawal would be ‘strategic mistake’

Asked by Sen. Angus King (I-Maine) when the U.S. should say “enough is enough” and withdraw from the ongoing war, Milley replied that the conflict ...



IMF urges Oman to introduce VAT as soon as possible

While welcoming the Oman's plans to continue with fiscal consolidation, IMF directors called for an expeditious introduction of VAT and measures to adjust government spending. They ...



United Arab Emirates spy satellite crashes into the ocean after failed rocket launch

Military bodies around the world rely on surveillance satellites to help them keep an eye on potential enemies and allies alike. Everyone watches everyone, and ...


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