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New ‘Economics in Society’ Report Examines Role of Misperceptions on Women Employment Rates in Saudi Arabia
A new research report published by the UBS International Center of Economics in Society examines how social norms may affect employment rates for women in Saudi Arabia, providing evidence “that most Saudi men privately believe that women should be allowed to work, but that they underestimate the extent to which other men share their views.” […]
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Saudi Economy to Grow at 2% This Year, Government Posts Large 1Q Surplus
Saudi Arabia’s central bank governor, Ahmed Al-Kholifey, told Reuters in an interview that he expects economic growth to be “no less than 2 percent” in 2019. The comments from Al-Kholifey comes as a separate quarterly Reuters poll of economists found lowered expectations for growth in Arab Gulf economies this year. Gross domestic product in Saudi Arabia, […]
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Al-Falih Expects Strong Demand for Aramco’s First-Ever Bond Issue
Saudi Arabia expects strong demand for Saudi Aramco’s first-ever bond issue, which is expected to close on Wednesday. Demand for the bonds could surpass $30 billion, Energy Minister Khalid Al-Falih said while speaking at the inaugural Gulf Intelligence Saudi Arabia Energy Forum in Riyadh on Monday. Others estimate it could top $40 billion, more than four […]
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Saudi Arabia plans 2.6 GW solar park near Mecca
Saudi Arabia is set to issue tenders for 2.6 GW Mecca solar project in 2019, according to reports. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Construction work on the project will begin this year, […]
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King Salman Announces $23 Billion for Four Entertainment Projects Including the ‘World’s Biggest Park’ in Riyadh
Saudi Arabia is planning to build the “world’s biggest park” as part of a $22.9bn project that aims to create large open green areas in Riyadh while creating thousands of new jobs, according to the Saudi Press Agency and other news outlets. The project consists of four entertainment projects in Riyadh, which are currently in the design phase, according […]
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WATCH: Adidas Ultraboost Ad Features Young Saudi Women Combatting Fitness Stereotypes
A new inspirational advertisement for Adidas’ popular Ultraboost shoe line features three young Saudi women discussing stereotypes they face and how they overcome them. The ad for Ultraboost trainers features fitness instructor and modest sportswear designer Lojain Alrefae running along the waterfront in Jeddah; Saudi mountaineer Raha Moharrak climbing the rocky ranges near Jeddah and football campaigner […]
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Saudi Housing Sector to See $21 Billion in Investment in 2019; Home Ownership Growing 6-7 Percent Annually – Minister
Saudi Arabia’s Minister of Housing Majed al-Hogail said he expects investments in the real estate financing sector to reach between 60 billion Saudi riyals and 80 billion riyals ($21.33 billion) in 2019, according to Reuters on the sidelines of a housing conference in Riyadh. The minister told Reuters that real estate financing for January hit 4.7 […]
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Kushner, Crown Prince Mohammed bin Salman Meet in Riyadh
President Donald Trump’s senior adviser and son-in-law, Jared Kushner, met with King Salman and Crown Prince Mohammed bin Salman yesterday in Riyadh, the first visit by Kushner since the killing of Jamal Khashoggi. “Building on previous conversations, they discussed increasing cooperation between the United States and Saudi Arabia, and the Trump Administration’s efforts to facilitate […]
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Saudi Arabia Names New Ambassador to United States: Princess Reema bint Bandar
Saudi Arabia has named Princess Reema bint Bandar bin Sultan bin Abdulaziz Al Saud as the 11th Saudi Ambassador to the United States, making her the first woman ever to serve in the role. Princess Reema will take over the role from Prince Khalid bin Salman, who has been appointed as the country’s deputy defense […]
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Crown Prince Mohammed bin Salman Lays Founding Stone on Future Saudi Tourism Spot Al Ula
Saudi Arabia’s Crown Prince Mohammed bin Salman launched more tourism projects in Al-Ula, Saudi Arabia, including a resort designed by a renowned French architect Jean Nouvel, and a nature reserve. Nouvel will build a resort in the mountains of Al-Ula as part of a plan launched on Sunday night “to transform the home of ancient civilizations into […]
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MUST-READS
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Commentary: To certify or not to certify? That’s not the question
The debate over the nuclear deal is a red herring. Like it or hate it, the Iran nuclear agreement addressed only one element of the challenge posed by Tehran—a complex, combustible labyrinth of problematic policies that have wreaked havoc within Iran and across the broader Middle East.
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How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Saudi Arabia has promised to do “whatever it takes” to end the global oil glut. If it cuts supplies in November by as much as it pledges, the kingdom will reduce production and exports alike by more or less a million barrels a day compared with last year.
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Will Russian-Saudi Relations Continue to Improve?
The summit is just one more milestone in the recent trend of warming Russian-Saudi ties.
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Saudis are about to Buy a Major Russian Missile System – Or are They?
The Growlers offer significant flexibility in command and control and range beyond the Patriots, which are limited to just one kind of interceptor with a range of approximately 90 miles. S-400 command nodes can use four different interceptors ranging from 25-250 miles.
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How is Saudi Arabia setting solar pricing records? Is it sustainable – repeatable?
Early Tuesday morning, news of lower than 2¢/kWh bids from Saudi Arabia’s first round bids on 300MW of 9.5GW solar power projects started popping up. Seven of eight bids were below 3¢/kWh, and two of eight bids broke a prior record low. Questions have arisen as to the sustainability of the bids outside of these unique circumstances.
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Commentary: What drove Saudi Arabia to lift driving ban? It’s not all about women.
Under the Sept. 27 edict, the new policy is to be reviewed by a ministerial committee and is to be enforced by June 24, 2018, a few days after the Eid holiday. Critically, a male guardian or relative will neither be required for women to receive a driver’s license nor be present as a passenger for women to drive.
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Could Saudi king’s Moscow visit be big for the oil market?
The Saudi king's visit to Moscow will be very significant for Russia-Saudi ties and could hugely impact the oil market, says Kirill Dmitriev of RDIF.
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Can Congress avoid blowing up the Iran deal?
US President Donald Trump has repeatedly indicated that he won’t find Iran to be in compliance with the 2015 nuclear deal later this month. If he follows through, the agreement’s fate will lie with a Republican-controlled Congress for whom the easiest solution — both politically and legislatively — will be to reimpose nuclear-related sanctions that could well blow up the deal.
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What’s wrong with the Iranian army? Deadly shootings put spotlight on forced military service
The shootings have raised uncomfortable questions for Iran’s army, one of the largest in the Middle East with an estimated 350,000 active-duty troops, nearly two-thirds of whom are conscripts.
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Perspective: Kurds Voted. So Is the Middle East Breaking Up?
The Kurdish vote reflects an existential quandary across the entire Middle East: Are some of the region’s most important countries really viable anymore? The world has resisted addressing the issue since the popular protests in 2011, known as the Arab Uprising, or Arab Spring, spawned four wars and a dozen crises.
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