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Saudi Leadership Delighted at FTSE Inclusion for Tadawul; Billions Expected in Fresh Inflows
The Saudi Arabian stock market will join FTSE Russell’s emerging market index starting in March next year in a move that will likely bring billions of dollars of fresh investment into the Kingdom, Reuters reports. Saudi Arabia’s Crown Prince Mohammed bin Salman and Finance Minister Mohammed Al-Jadaan met with the Mark Makepeace, chief executive of […]
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Saudi Aramco IPO Delayed Until 2019, Financial Times Reports for Second Time
Saudi Aramco’s long-awaited IPO “could be delayed until 2019 at the earliest,” the Financial Times reported on Sunday, citing British officials briefed on the matter. It is the second time the London-based newspaper was the first to report that the IPO would be delayed. The Financial Times reported the same news in September, but Saudi officials […]
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Saudi Officials, Current and Former, Downplay Oil Demand Concerns
Saudi officials downplayed the risk of waning demand for oil as electric vehicles become more mainstream, according to comments made by Saudi Aramco’s CEO Amin Nasser and by former Minister of Petroleum Ali Al Naimi. According to comments at the CERAWeek by IHS Markit conference on Tuesday reported by Bloomberg, Nasser said he is “not […]
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Soft Opening for New $7.2 Billion Jeddah Airport Set for May
Jeddah’s King Abdulaziz International Airport is set to unveil its long-awaited new look at a soft opening in May, the Jeddah-based Saudi Gazette reports, citing confirmation by the General Authority of Civil Aviation (GACA) and the emir of Mecca. Once recognized by travelers as one of the worst airports in the world, Saudi Arabia’s second largest city is […]
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King Salman Opens Annual Janadriyah Festival as Kingdom Puts Saudi Culture On Display
Saudi Arabia’s King Salman on Wednesday attended the opening ceremony of the Kingdom’s 32nd National Festival for Heritage and Culture, held in Janadriyah village on the northern outskirts of Riyadh. The annual festival, known as the Janadriyah Festival, is a vibrant display of Saudi cultural traditions and heritage, and lasts 18 days. The festival’s first day saw King […]
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JLL Research: 2018 a ‘Year of Implementation’ for Saudi Arabia
A recent report by international real estate company Jones Lang LaSalle said that 2018 would be a “year of implementation” for Saudi Arabia following a historic 2017 in which Saudi Arabia saw great social and economic change. JLL predicts that recent reforms enacted by King Salman and Crown Prince Mohammed bin Salman will “translate positively” to the economy and […]
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Saudi Arabia Releases Prince Alwaleed bin Talal and Three Other Prominent Detainees
Just hours after a Reuters interview with reporter Katie Paul, Prince Alwaleed bin Talal was released from his cushy confines in the Ritz Carlton, Riyadh, where he and other prominent businessmen and royals have been detained in a crackdown on corruption in Saudi Arabia that started in November. Prince Alwaleed gave a tour of his large […]
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Report: Locations Scouted for Potential Nuclear Power Plant Sites in Saudi Arabia
Saudi Arabia is eying initial work on two sites for its first nuclear power plants, a report in MEED said, as the Kingdom looks to bolster alternative sources of energy to free up oil for export and power the growth needed for its Vision 2030 program. The kingdom has shortlisted two sites “and has invited […]
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Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]
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Gas Prices Set to Rise 80% in Saudi Arabia as New Relief for Low Income Saudis Planned
Saudi Arabia will soon raise gasoline and jet fuel prices by 80% on consumers as part of broader economic reform plans meant to curb domestic consumption of oil that could be used for exports. The rise in prices is a result of the gradual elimination of energy subsidies that have long kept prices at world-leading […]
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MUST-READS
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Perspective: Why is Saudi Arabia under attack on women’s issues?
The focus on women’s issues in Saudi Arabia is clearly politically motivated, at this time in particular, when their situation has been improving dramatically.
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Commentary: Can Saudi Arabia afford a stimulus?
Efficiency and technology will allow global GDP to double by 2040, but energy consumption to only increase by a third. This is the new law of diminishing returns if you are an energy exporter.
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International courts, Gitmo, citizenship-stripping: What next for Western ISIS supporters?
Experts say few countries have embassies or extradition treaties with Syria, let alone with the Kurdish-held areas in northern Syria. Nor have they shown any desire to go to the areas where ISIS fighters and families are being held, and put their government representatives in harm's way.
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Is Israel PM in more trouble now than ever before?
On top of that, he is facing his most formidable political rival in years: a former chief of the armed forces, Benny Gantz, who leads the new centrist Blue and White party and has promised clean governance. It is currently polling higher than the prime minister's Likud party.
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Can Qatar’s low-carbon city show a greener Middle East future?
Many of the more than 100 buildings in Msheireb - apartments, offices, hotels, a shopping mall and a primary school - are fitted with solar panels, solar water heaters and overhangs designed to shade the surrounding sidewalks.
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Is the U.S. Losing Europe When It Comes to the Middle East?
A regular survey of experts on matters relating to Middle Eastern and North African politics and security.
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‘Did you bring cigarettes?’: Meet the SDF fighters on the frontline in the Islamic State’s last refuge
Little known outside of Deir Ezzor province, even by many Syrians, Baghouz has become IS’s last refuge in Syria – and they are losing more of it hour by hour.
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How did Kuwait produce some of the Middle East’s largest exits?
Kuwait’s watershed moment came with the acquisition of Talabat in 2015. Most startup founders and investors in Kuwait will mention Talabat as an inspiration or a moment that piqued their interest in entrepreneurship.
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Dakar 2020: Saudi Arabia’s turn to grab the spotlight?
The news about the negotiations aren't new, but today they gained a renewed strength after some posts on Social Media made by local Saudi drivers who say the Dakar Rally is confirmed in Saudi Arabia not only for 2020, but also until 2024, which means five editions in the Arabian Peninsula.
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Commentary: Will China Replace The U.S. As The Middle East Hegemon?
Belt and Road, proclaimed by Chairman Xi Jinping in 2013, involves over 80 countries in Eurasia, Europe, South and Southeast Asia, the Middle East and Africa. Middle East energy will be the lifeblood of BRI, with China its engine and brain. Western Europe and the developing world will be its market.
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