Vision 2030 Opportunities ‘Unprecedented in the Region’, HSBC Exec Says as Bank Plans Saudi Expansion

Deputy Crown Prince Mohammed bin Salman.
HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks "on one of the biggest economic transformations attempted by any country," the bank's regional chief Georges Elhedery told Reuters, via the New York Times.

Saudi Arabia

News, analysis, and more

Vision 2030

HSBC Plans Saudi Growth Thanks to Kingdom’s ‘Unprecedented’ Transformation

HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks on one of the biggest economic transformations attempted by any ...



Saudi Arabia to update its existing Nitaqat percentages

The Ministry of Labour and Social Development (MOLSD) has proposed amendments to the existing Nitaqat framework. The updates, which look to increase the threshold for ...


Global Oil Markets

Analysis: Saudi Swinging

Rumors and murmurs suggest that Saudi is not only cutting exports again in September, but is choosing to swing these flows away from the East, ...


Foreign Investment Law

Saudi Arabia to allow 100% foreign ownership of engineering firms

There are two conditions: The foreign entity must have a 10-year track record in operations, and it must already have a presence in at least ...


Factory Construction

$5.8bn worth of factories ongoing in Saudi

About 342 factories in the metals and minerals industry are underway, followed by the rubber and plastics industry with 128 factories, the food and beverages ...



Iraq, Saudi Arabia Reopen Land Border and Prepare to Resume Air Links

Saudi Arabia and Iraq say they are in the process of improving relations after the first busloads of Iraqi pilgrims entered the Saudi kingdom through ...


Oil Supply

Saudi energy minister says discussed stabilizing oil market with Iraq

Saudi Arabia's energy minister said on Wednesday that he had discussed efforts to stabilize oil markets with his Iraqi counterpart during a joint meeting. ...


King Salman International Complex for Maritime Industries and Services

Saudi Aramco pens dredging deal for giant maritime complex

Oil giant Saudi Aramco has signed contracts that will mark the start of works on what is going to be the giant maritime complex known ...



Trudeau government registers concern with Saudi Arabia over apparent armoured-vehicle use

The Trudeau government has reached out to Saudi Arabia and Western allies to register unease over Riyadh’s apparent use of Canadian armoured vehicles against its ...


Saudi +

Regional and related topics

Qatar Dispute

Kuwait envoys deliver letters to UAE, Saudi Arabia, Oman and Egypt over Qatar crisis

A Kuwaiti delegation of high-ranking royal family members has been sent across the region to deliver letters written by Kuwait’s ruler in the latest bid to ...


GCC Economic Integration

Qatar standoff an opportunity to rethink GCC’s basic economic model

“The problem now is that the commercial agency restrictions are in conflict with the 2008 GCC efforts to encourage nationals to invest, work, and buy ...



Perspective: Trump’s Syria Strategy Hinges on Russia

Perhaps that is a price we are willing to accept — like Budapest in 1956 and Prague in 1968; some areas are deemed beyond the ...


U.N. Syria Inquiry

War Crimes Expert Carla Del Ponte Resigns From U.N.’s Syria Inquiry

David Greene talks to former war crimes prosecutor Carla Del Ponte, who has announced she is quitting a U.N. commission investigating human rights abuses in ...



Syrian rebels near Damascus brace for expected army assault on last enclave

Syrian rebels were preparing for an imminent ground assault by the army on the last enclave they hold in Damascus after air strikes and shelling ...


Netanyahu Investigation

Does Israeli Corruption Probe Of Netanyahu Risk His Grip On Power?

For months now, Israeli Prime Minister Benjamin Netanyahu has been at the center of a corruption investigation. And now, there's a big development. Netanyahu's former ...


Anti-ISIS Campaign

ISIS Says Secret Weapons Await Coalition Forces In Battle for Raqqa

On Sunday, the Islamic State released the latest issue of its online magazine Rumiyha. In it, an ISIS military leader in Raqqa, Syria, claims to have ...


Afghanistan Policy

Pentagon to Bannon’s Blackwater Buddy Erik Prince: GTFO

At the Pentagon, according to a knowledgeable former senior official, opposition to Prince’s proposal—details of which were first reported by USA Today—for a “viceroy” to ...


Recent Editions