Saudi Arabia’s King Salman Orders $2b ‘Deposit’ to Yemen to Shore Up Currency

Yemen's civil war has threatened the Saudi border.
Saudi Arabia's King Salman ordered a $2 billion transfer to the Yemeni central bank, according to reports, as the Kingdom looks to shore up the economy of its war-torn southern neighbor.

Saudi Arabia

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Saudi Aramco IPO

Aramco CEO Says Ready for IPO as Listing Venues Up in Air

Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the ...



Saudi tender invites private firms to build 60 schools

Saudi Arabia’s Education Ministry announced on Wednesday a tender for private companies to build and maintain 60 schools, as part of economic reforms designed to ...


Saudi Economy

Economists Think Saudi’s Outlook Looks a Little Too Rosy

Saudi Arabia’s government expects record spending to deliver a strong economic rebound in 2018. Economists say it’s too optimistic, with officials underestimating the impact of ...


Popular Brands

Saudi fast food favorite Al Baik ahead of Samsung, Google in brand ranking

A handful of homegrown Saudi companies have again trumped some international heavyweights in a ranking of popular brands released by YouGov. ...


Saudi Treasury Holdings

Saudi Arabia Treasury Holding at New High: Video

Emirates NBD CEO Salman Bajwa discusses Saudi Treasury holdings, and talks about consumer plays. ...


Women in the Workforce

The missing million: Saudi women face grim realities in jobs market

More than one million Saudi women are currently looking for employment in Saudi Arabia, despite a push by policymakers to increase participation of this overshadowed, ...


Human Rights

Saudi Arabia: Repression Overshadows Women’s Reforms

Saudi Arabia announced reforms during 2017 to enhance women’s rights, including ending a driving ban, but stepped up arrests and prosecutions of activists seeking reform ...


Saudi Royals

Saudi Wealth Remains Hidden as Government Pursues $100 Billion

When the Riyadh Ritz-Carlton starts accepting guest bookings next month, it will be the end of the luxury hotel’s stint as a prison for Saudi ...


Filmmaking in Saudi

Lindsay Lohan’s Saudi movie set for September shoot

Award-winning Abu Dhabi-based filmmaker Nancy Paton and reformed Hollywood wild child Lindsay Lohan are hoping to be among the first to capitalise on the return ...


Power and Energy

Saudi Electricity secures $2.6 billion syndicated bridge loan

State-controlled utility Saudi Electricity Co said on Thursday it had signed a $2.6 billion bridge syndicated loan. ...


Delhi to Tel Aviv?

Israel prepares for air bridge to India over Saudi Arabia

The newspaper said that India and Israel are waiting for Saudi Arabia to accept the passage of the aircrafts owned by the two airlines through ...


Patriot Missile System

Saudi Arabia – Continuation of Missile System Support Services

he State Department has made a determination approving a possible Foreign Military Sale to Saudi Arabia of continuation of missile system support services for an ...


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Regional and related topics

Global Confidence

World’s confidence in US leadership under Trump at new low, poll finds

The survey of opinion in 134 countries showed a record collapse in approval for the US role in the world, from 48% under Obama to ...



Turkey says could act in Syria unless U.S. withdraws support for Kurdish force

Turkey said on Wednesday it would not hesitate to take action in Syria’s Afrin district and other areas unless the United States withdrew support for ...



U.S. troops will stay in Syria to counter ‘strategic’ threat from Iran

Secretary of State Rex Tillerson on Wednesday committed the United States to an indefinite military presence in Syria, citing a range of policy goals that ...


Qatar: World Cup

Qatar may ask Iran for help in hosting the World Cup

Though it promised to build 100,000 hotel rooms by 2022, it will struggle to reach 45,000. Germany had 2m foreign spectators for its World Cup ...


Oil Price

OPEC-Russia Oil Deal Faces a New Danger: Too Much Winning

When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be ...


DoD Innovation

Here’s How to Stop Squelching New Ideas, Eric Schmidt’s Advisory Board Tells DoD

“DoD does not have an innovation problem; it has an innovation adoption problem,” reads one of the new recommendations from the Defense Innovation Board. It ...



Israel’s Greatest Enemy: Iran, or Overconfidence?

On the wall of Amos Yadlin’s office at the Institute for National Security Studies in Tel Aviv, there is a framed Time magazine cover displaying ...


Iran Unrest

A long-simmering factor in Iran protests: climate change

Many environmental activists believe Iran is quickly approaching its breaking point as diminishing rainfall and warmer temperatures have caused lakes to disappear, kicked up blinding ...



Four Cranes Arrive at Yemen’s Hodeidah Port

The cranes, which will be operational immediately, are urgently needed to boost the capacity of Hodeidah Port, which handles around 70 percent of Yemen’s imports, ...


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