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QUOTED
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“The Saudi G20 Presidency is committed to continuing the work from Osaka and promoting multilateral consensus. Working with our G20 partners, we will strive to deliver concrete actions and realize opportunities to enable us to face the challenges of the future.”
–Crown Prince Mohammed bin Salman, in a press release announcing that Saudi Arabia had officially assumed the G20 presidency. [Press Release]
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TOP STORY
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020.
The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms. [more]
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TOP STORY
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, the Riyadh-based firm said in a recently-released report. [more]
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MORE TOP STORYLINES
In saudigazette.com.sa : The people of the Kingdom of Saudi Arabia and its residents are all set to celebrate on Saturday (Nov. 30, 2019) corresponding to Rabee’ Al-Akhir 3, 1441H, the fifth anniversary of Custodian of the Two Holy Mosques King Salman’s accession to the throne as King of Saudi Arabia. With hearts full of love, peace of mind, and sense of accomplishments and gratitude for the generous contribution by the state in all fields of life, the people are discerning the development, the state authorities and institutions are achieving in all regions of the Kingdom.
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Via Filipe Pacheco in bloomberg.com : Six out of the top 10 best performing stocks in Riyadh are cement makers.
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In telegraph.co : Until very recently, Saudi Arabia was uncharted territory for tourists but following the September launch of its new visa entry system, 50,000 foreign travellers have taken their first steps into the Kingdom. Where are they coming from? Britain, according to officials, followed by China.
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MORE ON THE KINGDOM AND BEYOND
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The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, discussed the significant growth in investments between Saudi Arabia and Spain....[By Elias Al Helou via economymiddleeast.com]
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Saudi Arabia’s crude oil production reached in February 2024 a seven-month high of 9.01 million barrels per day (bpd), according to data from the...[By Elias Al Helou via economymiddleeast.com]
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GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023...[By Patrick Jowett via pv-magazine.com]
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Saudi Arabia’s holdings of US Treasuries reached $130.5 billion in February 2024, down $3.2 million month-on-month, new data released by the US Treasury showed.
Accordingly, the...[via argaam.com]
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The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%.
The decision applies traffic violations committed by Saudi nationals,...[via argaam.com]
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Rising Saudi Star Mohammed Elshehri has been announced as master of ceremonies at the 10th edition Saudi...[By Melanie Goodfellow via deadline.com]
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Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted the impact...[via maaal.com]
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Pakistan’s foreign office said on Friday the South Asian country would continue its “constructive engagement” with the Kingdom of Saudi Arabia to enhance economic and...[via arabnews.com]
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Eng. Mahmoud Abdulhadi, deputy minister of tourism for destination enablement, emphasized that Saudi Arabia is providing promising opportunities for both Saudi and international investors to...[via saudigazette.com]
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The Defense Security Cooperation Agency has approved the sale of C-172 and AC/RC-208 aircraft contractor logistics support and training to Iraq, and multifunctional information distribution...[via defenceconnect.com]
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“I’ve been going to Venice for about 12 years,” AlDowayan tells Arab News. “The first time I showed there, I knew in my heart that...[By Rawaa Talass via arabnews.com]
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The International Monetary Fund (IMF) has further strengthened its positive outlook for the Saudi Arabian economy by revising its 2025 growth forecast upwards for the...[via spa.gov]
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Riyadh will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady near 9.3 million barrels...[By Grant Smith and Abeer Abu Omar via yahoo.com]
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As heads of state and government meet in the U.K. this week for the 70th anniversary of the military...[By Holly Ellyatt via cnbc.com]
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The resignation of embattled Iraqi Prime Minister Adel Abdul Mahdi amid sustained protests for sweeping reform has set the stage for a new political crisis...[By Erin Cunningham and Mustafa Salim via washingtonpost.com]
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The Institute of International Finance said that deposits had dropped by more than $10 billion dollars since the end of August. An important part of...[By Randa Takieddine via arabnews.com]
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The Syrian pound has hit a record low amid the country’s grinding war and as a financial and political crisis roils neighboring Lebanon, Syria’s economic...[By AP via washingtonpost.com]
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Speaking before the start Monday of a two-week international climate conference in Madrid, the U.N. chief said the impact of rising temperatures — including more...[By Aritz Parra and Frank Jordans via apnews.com]
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With major automakers announcing new electric car models at a regular pace, there has been growing interest in recent years about the impact of electric...[via iea.org]
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An expanded soccer tournament, a direct flight, clandestine meetings and a pledge to release prisoners of war; diplomacy is breaking out as Gulf Arab nations...[By Zainab Fattah via bloomberg.com]
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Asad Majeed Khan discusses the U.S. troop pullout in Afghanistan, the worsening situation in Kashmir, and efforts to fight extremism....[By Patrick Tucker via defenseone.com]
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Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from...[By Vladimir Soldatkin via Reuters]
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The Taliban has said that it is ready for peace talks with the U.S. but also said that its position is the same as it...[By Rachel Frazin via thehill.com]
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Thousands of Indonesian Muslims from conservative groups held a peaceful rally in central Jakarta on Monday, with a spokesman for one of the organisers calling...[By Agustinus Beo Da Costa and Stanley Widianto via reuters.com]
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