Saudi Authorities Direct Vision 2030 Realization Committees to Submit Plans to Boost Private Sector Funding

Crown Prince Mohammed bin Salman.
Saudi authorities have directed all the Vision 2030 Realization Program (VRP) Committees to submit an action plan within 90 days to CEDA to "activate the role of the private sector as an investor and a financing element in implementing its initiatives," a report in the Saudi Gazette/OKAZ said.

Saudi Arabia

News, analysis, and more

Aramco IPO

Saudi Arabia Doubles the Amount Banks Can Lend for Aramco IPO

Saudi Arabia’s central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according to people familiar with the...



Airbus wins increased order from Saudi Flynas for total of 90 A321 jets

Saudi low-cost carrier Flynas announced a firm order to buy 10 Airbus A321XLR jets at the Dubai Air Show Tuesday, bringing a previous order of...


Yemen Civil War

Yemen’s Houthi rebels seize Saudi Arabian ship in Red Sea

A Saudi Arabian tugboat was seized by Yemen's Iranian-backed Houthi rebels on Sunday, according to the state-run Saudi Press Agency SPA. The vessel was towing a...



Saudi tourism push earns significant reach but public sceptical

A campaign to promote Saudi Arabia as a tourism destination using social media stars and content creators has a potential reach of more than 880...


Saudi Women

Opinion: Role of Saudi women in sport is expanding to a whole new degree

Now with the opening up of sports to women in Saudi Arabia, whether as players, administrators, officials or even academics, the field is even more...


2019 World Talent Ranking

Saudi Arabia jumps up global talent league

IMD said that Saudi Arabia showed improvements in the investment and development categories it judges, as well as readiness for economic and managerial change....


Bankruptcy Law

Saudi Minister of Justice approves new bankruptcy case rules

Justice Minister and President of the Supreme Judicial Council Dr. Walid bin Mohammed Al-Samaani has approved new rules regulating bankruptcy cases’ procedures in commercial courts. These...


Real Estate

As expats leave Saudi Arabia, the real estate market witnesses dip

Around 1.9 million expats have left Saudi Arabia in the past two years, with their exit taking a toll on the country's real estate market, a...


Arabian Centres

Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds

Saudi mall operator Arabian Centres is set to raise $500 million with a debut issuance of international Islamic bonds, or sukuk, a document by one...



20 best places to work in Saudi Arabia

The Capital Market Authority (CMA) was ranked first as best workplace among governmental agencies while the Ministry of Communications and Information Technology (MCIT) was recognised...



Riyadh Season extended till end of Jan 2020, GEA Chairman Reveals

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, has ordered the extension of Riyadh Season till the end of January 2020, following...


Dubai Air Show

Saudi companies display latest technologies at Dubai Airshow

Among the major Saudi companies in the event include the Saudi Arabian Military Industries (SAMI), fully owned by the Public Investment Fund, which has operations...


Saudi +

Regional and related topics

Trump Foreign Policy

Trump Administration Reverses 40 Years Of U.S. Foreign Policy On Israeli Settlements, Ruffling International Feathers

Four decades of U.S. foreign policy were reversed by the Trump administration on Monday as Secretary of State Mike Pompeo declared that it no longer...


Taliban Trade

American, Australian Taliban hostages freedom in prisoner exchange

The Haqqani network is accused of orchestrating many of the sophisticated and deadly attacks against Afghan and foreign installations in recent years. It has been...



Besieged by protesters, Lebanon assembly postpones session

What started with protests against a plan to tax online phone calls made through WhatsApp and other applications has turned into a broader popular revolt...



Egypt risks U.S. sanctions over Russian fighter jet deal: U.S. official

The United States could impose sanctions on Egypt and block it from future military sales if it goes ahead with a purchase of Russian warplanes,...


Iran in the Region

Iran’s Quds Force and Muslim Brotherhood Considered Anti-Saudi Alliance

The disclosure that two such polarizing organizations on either side of the Sunni-Shia divide held a summit is included in a leaked archive of secret...



Commentary: Can the Islamic Republic Survive Economic Collapse?

In Iraq in the 1990s, Zimbabwe from 2001-15, and present-day Venezuela, economic collapse and hyperinflation did not result in political collapse, but is Iran comparable...



Kuwait emir appoints foreign minister as new PM

Kuwait’s ruler named Shaikh Sabah Al Khalid Al Sabah as prime minister on Tuesday, elevating him from his role as foreign minister, after a row...


Foreign Students

Foreign Students at U.S. Universities Dips for Third Year

China continued to send more students than any other country, followed by India and South Korea and Saudi Arabia. But booming years of growth from...


Shale Oil

Manufacturers Face New Threat From Fracking Slump

The oil-and-gas industry bought $48 billion worth of manufactured products in 2018, the U.S. Bureau of Economic Analysis said, four times as much as was...


Solar Power

Secretive energy startup backed by Bill Gates achieves solar breakthrough

Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field...



Wind Speeds Are Increasing Worldwide in Boost for Renewables

Average wind speeds rose about 7% since 2010 in northern mid-latitude regions, reversing a trend of slowing winds in the decades prior, according to a...


Recent Editions