ECONOMY

Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment

MBS-CEDA-economy2
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, but 2020 may see strong growth.

Saudi Arabia

News, analysis, and more

Society

New book seeks to understand young Saudi men

The result of his primary research is a book titled “Being Young, Male and Saudi: Identity and Politics in a Globalized Kingdom” (Cambridge University Press).  ...

 

Cement and Steel

Saudi firms export more cement, steel despite project upturn

The Kingdom is the largest Arab cement and steel producer, with an output of around 60 million tonnes and 5.7 million tonnes a year respectively....

 

Entertainment

Andy Ruiz vs. Anthony Joshua 2: A look at the newly constructed Diriyah Arena in Saudi Arabia

Anthony Joshua arrived at King Khalid International Airport in Riyadh, Saudi Arabia, over the weekend, and Andy Ruiz Jr. touched down soon thereafter in advance...

 

Anti-Corruption

Saudi Arabia’s crackdown on corruption and bribery hasn’t stopped

News of the businessman's arrest coincides with a huge investigation already launched into a municipality located in Jazan governorate. Members of the municipality are accused of...

 

Sand and Concrete

Photo Gallery: Wild Juxtapositions of Saudi Arabia Modern and Ancient

Bogaczewicz has spent the past half-decade traveling the country, initially out of a desire to document historic sites threatened by the rapid pace of development....

 

Sugar Tax

Sugary drink excise tax policy process and implementation: Case study from Saudi Arabia

Our results suggest that energy drinks were perceived as more harmful than other soft drinks and thus taxed at a higher rate. We also found...

 

Classic Cars

Cars & Coffee attracts hundreds of classic car enthusiasts in Riyadh

He said that the weekly event started in 2014, “When I and my friends who have a passion for cars decided to gather here on...

 

SABIC

Saudi chemical giant SABIC bets big on India to create future tech products

SABIC is the second-largest polycarbonate producer in the world with 24 per cent market share (with a total capacity of 1.24 million tons per year)...

 

Saudi-China

Saudi Arabia Boosts Exports To World’s Leading Oil Importer

Chinese imports of Saudi crude oil jumped by 76.3 percent to 1.98 million bpd last month, cementing Saudi Arabia as the top supplier of oil...

 

Vision 2030

Boost for Vision 2030: Action plan to attract private sector funding

SAGIA will oversee the committees carrying out the tasks entrusted to them, following the adoption of the action plan, which will be submitted to the...

 

Saudi Aramco IPO

Aramco IPO retail subscription at $5.8 billion, says lead manager

Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals (4.5 billion pounds) on Monday, lead manager Samba Capital said....

 

ACWA

ACWA connects Saudi’s first utility scale renewables plant to the grid

The project has commenced initial production under a pilot phase according to schedule, with full commercial operation to be achieved before the end of the...

 

Yemen Civil War

Saudi-led coalition says it has freed 200 Houthi prisoners

A Saudi-led military coalition said on Tuesday it had freed 200 prisoners from the Iran-aligned Houthi movement in a step that could further efforts to...

 

Saudi-UAE

Saudi Arabia’s Crown Prince Leaves For UAE on Official Visit

Saudi Arabia's Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense left Riyadh on Wednesday for the United Arab...

 

Saudi Aramco IPO

Gulf state investors step in to help Aramco hit IPO target: sources

Saudi Arabia’s wealthy Gulf neighbors plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out...

 

OPEC

Analysis: Does Saudi Arabia Need OPEC?

OPEC declares its function is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to...

 

Aramco IPO

Aramco IPO retail subscription at $7.2bn

The retail element of the sale so far amounts to a total of 845,101,020 shares, Samba Capital said in a statement. The last day of subscription...

 

ACWA

Saudi Arabia adds first solar power plant to grid

Saudi Arabia has been moving away from burning crude oil to generate power, switching first to gas-fired plants and subsequently moving towards wind and solar...

 

Saudi +

Regional and related topics

Iran

Iranians endure internet shutdown with despair and disarray

The five-day blackout surprised many Iranians and made them fearful that such an event could happen again. It derailed daily life, resulting in widespread disruptions...

 

Oil Markets

OPEC and Russia likely to extend production cuts at December meeting

OPEC and Russia, or OPEC Plus, meet in Vienna next week, and it is widely expected oil ministers will extend their production cut agreement to...

 

Libya

‘Libya is ground zero’: drones on frontline in bloody civil war

The use of lethal drones was once an area dominated by the US, but has spread rapidly, drawing in new conflicts and causing more civilian...

 

Afghanistan

After U.S. pressure, Afghanistan frees activists who exposed sex abuse

Afghanistan on Wednesday released two civil society activists arrested after exposing alleged sexual abuse of hundreds of school children, following pressure from the United States...

 

5th Fleet

Lincoln pulls into Bahrain for a port visit

With two days to spare before Thanksgiving, and weeks after most of its surface escorts returned home, Lincoln pulled into Bahrain’s capital, Manama, for a...

 

Climate Change

‘Bleak’ U.N. Report on a Planet in Peril Looms Over New Climate Talks

Countries have failed to halt the rise of greenhouse gas emissions despite repeated warnings from scientists, with China and the United States, the two biggest...

 

Iran

Iran to Replace $11 Billion of Imports as Economic Crisis Bites

The Islamic Republic aims to produce electrical, automobile and telecommunications goods and double exports to 15 neighboring countries in order to reach a target value...

 

Russia in the Region

The Limits of Russian Strategy in the Middle East

Russia's Middle East strategy appears to be reaping dividends, but it is not without significant challenges and risks. It remains to be seen whether Moscow...

 

Iraq

Baghdad Bombings Kill 5 as Iraqis Protest Government

Iraqi officials say three simultaneous explosions have rocked Baghdad, killing five people and wounding more than a dozen, in the first apparent coordinated attack since...

 

Recent Editions