Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability

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Saudi Arabia

News, analysis, and more

King Salman in Asia

What the Saudi King Salman seeks in Asia

Saudi kings seldom undertake such ambitious regional tours, but King Salman's undertaking is an extension of the kingdom's more ambitious outreach to the Asia-Pacific since ...

 

King Salman in Indonesia

Saudi king arrives in Indonesia under tight security

Saudi Arabia's King Salman on Wednesday landed at a military airbase in the capital of Indonesia, the world's largest Muslim-majority country, to kick off the ...

 

Saudi Oil Policy

Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO

Saudi Arabian Oil Co. bought half of a Malaysian oil refinery and petrochemical plant as it prepares for what may be the biggest ever initial public ...

 

Saudi-Malaysia

Saudi-Malaysian deals give new impetus to bilateral ties: Experts

Dr. Salim Ajajah, an academic at Taif University, said the Kingdom maintains solid relations with Malaysia in particular, and other East Asian countries in general. ...

 

OPEC Oil Output

OPEC compliance with oil curbs rises to 94 percent in February

OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already ...

 

Bank Lending

Saudi bank lending growth slows to lowest in nearly seven years

The combination of renewed flows of government money and low demand for new loans is causing Saudi money rates to plunge. The three-month interbank offered ...

 

Economy

Saudi Arabia suspends domestic bond issue in February

Saudi Arabia's govermnent has decided to suspend its monthly issue of domestic bonds in February, refraining from issuing local currency bonds for a fifth month ...

 

Saudi-Iraq

Iraq seeks restoring relations with Saudi Arabia, insists PM

Iraq seeks re-build “balanced” relations with Saudi Arabia, Iraqi Prime Minster Haider Al-Abadi said on Tuesday. ...

 

Cyberattacks in Saudi Arabia

Saudi facilities sustained nearly 1,000 cyber attacks in 2016

Saudi Arabia’s institutions and facilities sustained nearly 1,000 cyberattacks in 2016 from hackers seeking to prevent services, steal data and target infrastructure, according Saleh Ibrahim ...

 

GCC Education Spending

Saudi Arabia leads educational renaissance process in GCC: Saudi minister

Abdul Rahim Hassan Al-Naqi, secretary general of the Federation of Chambers of the GCC, said, “the GCC states annually spend approximately $150 billion on education ...

 

Banking and Finance

Citigroup Said in Talks for Saudi Return After Exit in 2004

Citigroup Inc. is in advanced discussions for a banking license in Saudi Arabia, returning after a more than 10-year absence from the kingdom, as the ...

 

Security

Saudi gets 27 years in prison for terrorist offenses

The Specialized Criminal Court delivered a preliminary sentence of 27 years in prison for a Saudi found guilty of corruption and security breach by joining a ...

 

Saudi +

Regional and related topics

State of the Union

Trump Sticks to a Protectionist, Isolationist Script in First Big Speech

His speech repeated themes and promises he touted as a candidate, particularly the idea that America is being taken advantage by other countries and the ...

 

Social Media App

How This UAE Startup Is Helping Big Brands To Dominate Social Media In The Middle East

Three years ago, Brndstr started with a custom built software that allowed a brand’s Twitter account to automatically respond to hashtags with offers and vouchers. ...

 

Trump Defense Budget

Trump’s defense budget goals slammed from all sides

President Trump has issued his budget guidance to his agencies, and it comes down to very simple math: Subtract $54 billion from non-defense discretionary domestic ...

 

ISIS Finances

Islamic State on Brink of Financial Collapse, Report Finds

The business model of Islamic State is failing, and the terror group will soon likely collapse financially, according to a detailed analysis of IS finances ...

 

Suicide Attacks

Isis has industrialised martyrdom, says report into suicide attacks

Islamic State is launching suicide attacks as a military tactic with similarities to Japan’s use of kamikaze pilots in the second world war, according to ...

 

Yemen Raid

Trump blames generals for Navy SEAL’s death in Yemen raid

In a television interview, President Donald Trump appeared to blame his military leaders for a Navy SEAL's death last month during a troubled raid in Yemen, ...

 

Trump Travel Ban

Trump Order to Drop Iraq From Travel Ban List, Officials Say

Four officials told The Associated Press that the decision followed pressure from the Pentagon and State Department, which had urged the White House to reconsider ...

 

Egypt

Egypt’s Economy Is in Crisis. So Why Is the Government Spending Millions on a Fancy New Space Agency?

A space program can be a good investment, economists say, but that depends on the government’s commitment to developing a staff to run it. ...

 

Syria

Turkey Said to Seek U.S. Support to Attack IS Syria Bastion

Turkey is seeking U.S. support to lead a ground offensive against Islamic State’s main stronghold in Syria, a Turkish official said, a move that could ...

 

Nike Ad

This Nike Ad From The Middle East Is Causing Controversy

It's been called both empowering and a fail, but either way, this new ad from Nike Middle East is making people talk. ...

 

Afghanistan

US Confirms Airstrike Killed Senior Taliban Leader

The United States military has confirmed the killing of a top Taliban leader in a recent airstrike in Afghanistan’s troubled northern province of Kunduz. ...

 

Microsoft

Tech giant Microsoft appoints new Middle East chief

Tech giant Microsoft on Tuesday announced the appointment of Samer Abu Ltaif as the president of its Middle East and Africa (MEA) region. ...

 

Iran

IMF says sanctions on Iran dampening economic sentiment

Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation's economy, the International Monetary Fund ...

 

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