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QUOTED
“30,000 new licenses had been issued [to women drivers] between February and March this year, a positive and encouraging increase which has nearly doubled the number of female drivers on Saudi roads after a slow uptake which saw only 40,000 licenses issued in the first six months of 2018.”
-The Saudi Gazette, in a report on the impact that women drivers are having on the Saudi automotive market. [Saudi Gazette]
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TOP STORY
Saudi Arabia’s deputy defense minister Prince Khalid bin Salman held several meetings with top U.S. officials yesterday in Washington, D.C., including Secretary of Defense Mark Esper, Secretary of State Mike Pompeo, and President Donald Trump. [more]
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TOP STORY
Saudi Arabia’s Crown Prince Mohammed bin Salman has instructed his younger brother and deputy defense minister Prince Khalid bin Salman to travel to Washington and London to “urge restraint” after the killing of a top Iranian commander has sent regional tensions soaring. [more]
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TOP STORY
Top Saudi officials have yet to comment publicly on the news last night of the U.S. drone strike on Iran’s powerful Quds Force commander Qasem Soleimani. [more]
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MORE TOP STORYLINES
in cpifinancial.net : The Ministry of Finance expects the fiscal deficit for 2020 to widen, primarily due to oil market instability, however, the Kingdom is continuing its effort towards reducing the budget deficit to achieve the target of fiscal balance by 2023.
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Via Matt Monaghan in sport360.com: This desire to enact far-reaching social and lifestyle changes, plus attract hordes of new tourists and bolster recreation activities, has been at the heart of the Saudis’ vast investment in sport. In July, the General Sports Authority [GSA] injected $650m to this venture.
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Via Davide Barbuscia in reuters.com: A court-driven end to the saga would not only offer some relief to those creditors, but more broadly would be an important sign to international investors, as the cases would be resolved under a new bankruptcy law introduced in 2018 as part of reforms aimed at making the kingdom more investor friendly.
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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 future of the US military presence in Iraq is in question amid scenes of confusion in Washington, as the Trump administration scrambled to respond...[By Julian Borger via theguardian.com]
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Crowds of mourners gathered in Kerman, the hometown of Iranian General Qassem Soleimani, for his burial. A stampede reportedly led to at least 50 deaths...[via dw.com]
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Iran’s leaders have promised to avenge the killing of General Qassem Soleimani, commander of Iran’s Revolutionary Guards Quds Force, by the United States....[By Parisa Hafezi via reuters.com]
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Libyan forces loyal to eastern-based commander Khalifa Haftar said on Monday they had taken control of the strategic coastal city of Sirte in a rapid...[By Ayman al-Warfalli via reuters.com]
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Overwhelmingly, the U.S. public does not believe that U.S. interests warrant war with Iran. Only about one-fifth of respondents say that their country “should be...[By Shibley Telhami via foreignpolicy.com]
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Despite Americans’ hesitancy to deploy U.S. troops into other conflicts, they remain comparably supportive, after 18 years of war, of maintaining the U.S. military footprint...[By Shibley Telhami and Connor Kopchick via washingtonpost.com]
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Egyptian President Abdel Fattah el-Sissi appeared at Coptic Christmas Eve Mass on Monday and praised the links between the country’s Christian and Muslim faithful, saying...[By Maggie Hyde via yahoo.com]
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