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  • Full Transcript: Crown Prince Mohammed bin Salman’s Interview with CBS’ 60 Minutes
     

    Below is the full transcript from the CBS 60 Minutes interview with Saudi Arabia’s Crown Prince Mohammed bin Salman. *** Norah O’Donnell: Did you order the murder of Jamal Khashoggi? Crown Prince Mohammad bin Salman: Absolutely not. This was a heinous crime. But I take full responsibility as a leader in Saudi Arabia, especially since it […]

     
  • Saudis Around the World Celebrate 89th National Day
     

    Saudis around the world are celebrating Saudi National day today, the Kingdom’s biggest national holiday dedicated to the history of the Kingdom as a unified state. The holiday commemorates the announcement of the Saudi Kingdom’s unification on September 23rd, 1932 by King Abdulaziz Al-Saud, who united and renamed the Kingdoms of Nejd and Hejaz to Saudi Arabia by […]

     
  • Pompeo Calls Strikes an ‘Act of War’ as he Visits Saudi Arabia, Meets with Crown Prince
     

    Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an “act of war” by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah. The recent attacks “didn’t come from the Houthis,” Pompeo said Wednesday in remarks to reporters. “This was an Iranian attack…we’re blessed that there were no Americans killed […]

     
  • Positive Trends Seen in Latest Data on Saudi Tourism Sector
     

    Recent data released by the Tourism Information Research Center for the Saudi Commission for Tourism & National Heritage finds encouraging data for Saudi officials hoping to attract tourism spending from abroad and entice Saudis to spend vacation locally in the Kingdom. Tourism spending in Saudi Arabia amounted to $9.6 billion during July and August of 2019 […]

     
  • Snapchat-funded Study Finds More Saudis Watching Video on Mobile Devices
     

    More Saudis watch short online videos than traditional TV, with more than 85 percent of Saudis viewing videos lasting less than 10 minutes at least once a day, according to a new Snapchat-commissioned study. The survey of 869 Saudis found that mobile devices are beginning to outpace traditional TV sets in the Kingdom. 80 percent of Saudis view […]

     
  • Oil Continues Slide as Recession Fears Mount
     

    Oil fell 2% toward $58 a barrel on Thursday, extending the previous session’s 3% drop, pressured by mounting recession in the United States and and a surprise boost in U.S. crude inventories, Reuters reports. Last week, oil prices rallied in response to indications from Saudi Arabia and the so-called OPEC+ group that it would work […]

     
  • Successful 2019 Hajj wraps up without incident as Muslims pilgrims pray in Mecca
     

    Millions of Hajj pilgrims began heading back to Mecca for final prayers on Tuesday as the world’s largest annual pilgrimage went off without incident despite the logistical challenges and escalating regional tensions, Reuters reports. Even with some heavy rainfall, senior officials said there had been no major incidents and that the Hajj experience for nearly 2.5 […]

     
  • Saudi Arabia’s Khalid Al-Falih, Ambassador Reema Meet with Rick Perry in Washington to Discuss Cooperation, Supply Security
     

    Saudi Arabia Energy Minister Khalid Al-Falih and Ambassador to the United States Princess Reema bint Bandar met U.S. Energy Secretary Rick Perry on Tuesday in Washington, D.C. for talks on the economy, oil markets, maritime security and U.S.-Saudi cooperation. Al-Falih said that the meeting dealt with “enhancing the distinguished relationship between the two countries and […]

     
  • The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 6: Rijal Alma—’A Wonder to Behold’
     

    Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom.

     
  • Kingdom Gears Up for 2019 Hajj Season
     

    Saudi Arabia is finalizing preparations for the 2019 Hajj Pilgrimage season, set to begin on Friday August 9th. Hosting the Hajj presents a number of major logistical, security, and health challenges for which Saudi authorities must prepare. The sheer number of pilgrims arriving each year is staggering. In both 2017 and 2018, over 2.3 million pilgrims […]

     

MUST-READS

  • Saudi Arabia to host Multilateral Industrial Policy Forum, bolstering its Global Leadership Position

    Saudi Arabia, in partnership with the United Nations Industrial Development Organization (UNIDO), will host the Multilateral Industrial Policy Forum (MIPF) in October, underscoring the Kingdom's significant industrial transformation, in line with Vision 2030, and aiming to expand the Saudi industrial base and solidify its position as a leading global industrial center. Organized by the Ministry of Industry and Mineral Resources in Riyadh, the forum is yet another substantial industrial development initiatives the Kingdom relentlessly takes.

  • How Riyadh’s new King Salman Park will provide an urban haven for flora and fauna

    Scheduled to open in 2025, King Salman Park is set to become the largest of its kind in the world, covering about 16.6 sq. km. As a flagship initiative of Saudi Vision 2030, it will not only expand the city’s green spaces, but also enhance quality of life. “King Salman Park is set to redefine Riyadh’s urban landscape,” Khaled Al-Ojyan, an architect with Green Riyadh, told Arab News. “This ambitious project aligns perfectly with Vision 2030, transforming the city into a more sustainable, vibrant and green environment.”

  • GAFT refers 915 investment, export opportunities to Ministry of Investment

    The Saudi General Authority of Foreign Trade (GAFT) referred 915 investment and export opportunities to the Ministry of Investment and the Saudi Export Development Authority (SEDA) in 2023, compared to 948 opportunities referred in 2022. According to GAFT’s annual report, the number of export opportunities referred to SEDA was 660, compared to 871 in 2022. Meanwhile, the number of investment opportunities referred to the Ministry of Investment last year was 255, compared to 77 in 2022.

  • Baker Hughes says US oil rig count unchanged for second week

    The US drilling rig count remained unchanged for the second straight week at 483 in the week ended Aug. 30. Meanwhile, the gas rig count declined by two to 95, the lowest level since April 23, 2021 (94 rigs).

  • Ivan Toney leaves Brentford to join Al-Ahli in Saudi Arabia

    The striker will join Al-Ahli after the Saudi club agreed to pay Brentford a transfer fee reported to be $52 million. The Saudi Pro League had been quiet this summer — in contrast to big spending a year ago — but lured the England international away amid reported interest from Premier League clubs.

  • Reforms to Saudi legal sector set to attract foreign law firms to the Kingdom

    The proposal seeks to amend the first paragraph of Article 50 of the Kingdom’s Code of Law Practice. If enacted, it would allow non-Saudi law firms to set up wholly foreign-owned professional companies. These firms would offer legal advice on the Kingdom’s regulations and represent clients in court through registered Saudi lawyers. Details posted on the Istitlaa platform reveal that this project aims to advance the legal profession, improve the quality and efficiency of the industry, and integrate global expertise into the local context.

  • Torrential rains trigger urban flooding in Saudi Arabia

    Saudi Arabia was struck by thunderstorms and flash flooding on most of its Red Sea on Friday with footages on social media showing roads inundated and cars stranded in floodwater, according to The National. The rains are expected to last until Tuesday prompting the directorate to urge the citizens to remain on alert and adhere to safety guidelines issued through media as per the Saudi Gazette.

  • Saudi Arabia records 21% surge in credit card loans to reach $8bn

    Saudi banks recorded a 21 percent annual surge in credit card loans in the second quarter of 2024, reaching SR30.04 billion ($8.01 billion), according to official data. Figures from the Saudi Central Bank, also known as SAMA, showed that this is the highest quarterly figure reported, and the most substantial annual growth seen in a year.

  • Saudi Cyclists Continue to Win Medals at the Track Asia Cup 2024

    The Saudi cycling team has been performing exceptionally well at the Track Asia Cup 2024, currently taking place in Suphan Buri, Thailand. With over 160 athletes from 28 nations participating, the Saudi riders won two bronze medals today.

  • Saudi Arabia extends the tax amnesty scheme until 31 December 2024

    In March 2020, the Zakat, Tax and Customs Authority (ZATCA) released a tax amnesty program in the context of the COVID-19 pandemic, with the aim of mitigating its impact on taxpayers. This tax amnesty scheme exempted taxpayers complying with certain requirements from fines and penalties arising from late registrations, late payments and late filing of tax returns in relation to certain taxes.