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QUOTED
“The strongest clusters of emerging markets are in the Arabian Gulf and Southeast Asia, thanks to business-friendly conditions and core strengths that draw logistics activity. In the Gulf, UAE (No. 3), Saudi Arabia (6), Qatar (7), Oman (14), Bahrain (15) and Kuwait (19) rank strongly.”
-Agility.com published its 2020 Agility Emerging Markets Logistics Index, which ranks countries by factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors. Saudi Arabia was also ranked top 3 for ‘best business fundamentals.’ [Yahoo Finance]
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TOP STORY
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area. [more]
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TOP STORY
US Secretary of State Mike Pompeo met with Saudi Arabia’s foreign minister Prince Faisal bin Farhan in Washington Wednesday to discuss Iran, Yemen, and other issues of mutual interest. [more]
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TOP STORY
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus. [more]
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TOP STORY
Planners and developers working on making Saudi Arabia’s Al-Ula UNESCO heritage site easier and more enjoyable to visit are keen to keep intact the natural beauty and wonder of the site, the UAE-based The National reports, citing an interview with Francesca Arici, the site’s chief planning officer. [more]
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MORE TOP STORYLINES
in breakingtravelnews.com : The PIF has announced that Amaala will sit alongside Neom and the Red Sea Project as part of the giga-projects investment portfolio, helping to establish a unique tourism ecosystem, supporting economic diversification and creating high-value job opportunities.
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Via Alex Longley and Grant Smith in yahoo.com via Bloomberg : After several weeks of falling crude prices, Chinese refiners are now snapping up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view that the sharp increase in the number of virus cases reported in China’s Hubei province this week doesn’t necessarily reflect a sudden jump in new infections.
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Via Deema Al-Khudair in arabnews.com : The love story is a relatively new concept in Saudi movies, but filmmakers and actors are finding they are increasingly able to portray this aspect of life from the Kingdom’s perspective.
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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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Lebanon’s finance minister said Thursday that its new government is weighing whether to pay or default on its $1.2 billion Eurobond maturing next month, amid...[via arabnews.com]
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With the warning and an elevated threat level, the sailors prepared for potential combat. Additional precautions put in place on the Normandy required them to...[By Dan Lamothe via washingtonpost.com]
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Eight Republicans joined all Democrats in voting 55 to 45 for the measure, despite sharp warnings from Trump that challenging his war powers would “show...[By Karoun Demirjian via washingtonpost.com]
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Despite continued talks between Russia and Turkey no new cease-fire or de-escalation agreement has been reached between the two sides. Instead, President Recep Tayyip Erdogan...[By Saphora Smith and Aziz Akyavas via nbcnews.com]
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Today Libya is a nation in name only. Haftar’s forces have laid siege to Tripoli for 10 months, and France is increasingly marginalized in a...[By Ania Nussbaum, John Follain, and Sylvia Westall via bloomberg.com]
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The US military said in a statement on Thursday that its guided-missile cruiser, the USS Normandy, boarded a dhow, a traditional sailing vessel, in the Arabian Sea on...[via middleeasteye.net]
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“I am pretty sure the economy will dictate certain unavoidable reforms in the next few years,” John Sfakianakis, the chief economist of the Saudi Arabia-based Gulf...[By Sebastian Castelier via al-monitor.com]
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Criticizing the US Middle East peace plan, the EU's foreign policy chief said the bloc needs a strategy to end unrest between Israelis and Palestinians....[By Davis VanOpdorp via dw.com]
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Pompeo on Saturday begins a trip to Senegal, Angola and Ethiopia, chosen for their leaders' attachment to democratic values in a continent that has seen...[via rfi.fr]
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