Third Monthly Issue of Domestic Sukuk Raises $1.9 Billion, Finance Ministry Says

The kingdom held $116.8 billion of Treasuries at the end of March, down 6 percent from a record $123.6 billion in January.

Saudi Arabia

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Bond Sales

Saudi Arabia Raises $1.9 Billion From Islamic Bond

Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and ...

 

MiSK-UNDF Forum

Saudi Arabia reaches out to New York in a testament of youth

The MiSK Foundation, the philanthropic non-profit organization established by Crown Prince Mohammed bin Salman, and the UN Development Fund jointly organized a youth forum on ...

 

Population

Makkah, Madinah and Riyadh harbor 60% of Saudi population

The Makkah, Madinah and Riyadh regions harbor about 60 percent of the population in the Kingdom which reached 32.6 million people as of the first ...

 

Saudi-Iran in Africa

The Fight for Africa: The New Focus of the Saudi-Iranian Rivalry

Africa has become a new competing arena between Saudi Arabia and Iran. Both states have turned their focus to the continent, developing ties with a ...

 

Energy Subsidies

Video: Saudi Arabia to Phase Out Fuel Subsidies

Al Ramz Capital Head of Research Talal Touqan discusses the impact of phasing out fuel subsidies in Saudi Arabia. He speaks on "Bloomberg Markets: Middle ...

 

Detentions

Crackdown and charm offensive: Saudi prince shores up power

With a crackdown on dissenters and a charm offensive to woo the kingdom's swelling youth population, Saudi Arabia's king-in-waiting Mohammed bin Salman is cementing his ...

 

Women in the Workforce

Women Will Train as Air Traffic Controllers in Saudi Arabia for First Time

Saudi Arabia has long faced Western criticism over the lack of opportunity and equality in society for women. The Gulf kingdom's ruling monarchy is now ...

 

Ha'ia

Saudi Shura Council to vote on curbing autonomy of morality police

Saudi Arabia’s Shura Council, an influential advisory body to the government, will vote on a proposal to merge the religious police into the ministry of ...

 

Extremism

Saudi Arabian government denounces ‘extremist ideology’

The Saudi Arabian government-supported Muslim World League, once seen as a promoter of the radical Wahhabism ideology, has issued a communique alongside the United Nations ...

 

Power

Acwa Power eyes boost to investments in home Saudi market

Saudi-based Acwa Power aims to acquire one or two bundles of generation assets from Saudi Electricity (SEC), its managing director said on Monday, as the ...

 

Jeddah-Riyadh Land Bridge

Saudi Arabia to Issue Tenders for Massive Railway in Early 2018

Saudi Arabia is planning to issue tenders for its long-delayed Land Bridge rail project linking the Red Sea port of Jeddah with the Arabian Gulf ...

 

Oil Price

Oil near five-month high as Middle East producers stick to cuts

Oil prices traded close to five-month highs on Tuesday after key Middle Eastern producers showed they continued to comply with output cuts under an OPEC-led ...

 

Public Investment Fund (PIF)

Saudi Arabia’s PIF launches ‘future investment’ initiative

The Saudi Arabian sovereign wealth fund launched the Future Investment Initiative (FII), intended to explore investment trends, opportunities and challenges in the years ahead. ...

 

Solar Power

Saudi Arabian solar tycoon wins $300m handouts boost

Australians are set to pay $300 million in subsidies to an outback solar farm owned by a Saudi Arabian billionaire in a new test of ...

 

Saudi +

Regional and related topics

U.S. Air Forces

Syria is a ‘Laboratory’ for the Air War of the Future

ISIS doesn’t have an Air Force, but the Syrian skies are nevertheless a rapidly evolving “laboratory” for air warfare, said U.S. military leaders, who described ...

 

UN General Assembly

UNGA 2017: Guide to the key issues at the United Nations General Assembly

The UN General Assembly (UNGA) runs from Sept. 12-29, but this week is when the key events kick off. The centerpiece of the gathering of ...

 

Russia in the Region

Russia Crosses the Euphrates: Implications

By helping Assad's forces bridge the river, Moscow is increasing the risk of direct confrontation while obstructing U.S. efforts to defeat IS, stabilize eastern Syria, ...

 

Hezbollah

Perspective: The Hubris of Hezbollah

So, despite the mystique that surrounds Hezbollah—especially since the 34-day war in the summer of 2006 in which it defeated Israel—don’t underestimate its capacity to ...

 

India

Superpower India to Replace China as Growth Engine

The number of people aged 65 and over in Asia will climb from 365 million today to more than half a billion in 2027, accounting for 60 percent ...

 

Norway SWF

$1 trillion mark reached for world’s largest sovereign wealth fund

The Norwegian sovereign wealth fund, the largest in the world, has officially hit $1 trillion. Norges Bank, who manages the fund for Norway, said on its ...

 

Regional Arms Sales

BAE’s Typhoon must navigate Gulf diplomacy 

Has BAE Systems been a beneficiary of the Brexit negotiations? Not through any sudden interest in its offshore patrol vessels — although it may not have escaped ...

 

London Terror Attack

British police arrest second man over London train bomb

British police arrested a second man over the bombing of a London commuter train on Friday that injured 30 people and the security services lowered ...

 

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