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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 […]

     
  • 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 […]

     
  • 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 […]

     
  • Hilton to Open 35 Hotels, Add 10,000 Rooms in Saudi Arabia as Tourism Sector Soars
     

    Hilton Hotels & Resorts announced it is looking to build 35 new hotels in Saudi Arabia, adding as many as 10,000 rooms over the next 3-5 years, according to reports on comments made by a top executive for the company. The decision to invest in Saudi Arabia – the company’s largest pipeline in the Middle […]

     
  • Kingdom Ends Corruption Crackdown with $106 Billion Recovered
     

    Saudi investigators have recovered assets worth more than $106 billion in an anti-corruption crackdown ordered by Crown Prince Mohammed bin Salman, the royal court said on Wednesday. The crackdown began in November 2017 when Saudi Crown Prince Mohammed bin Salman ordered suspects detained at the Ritz Carlton in Riyadh. The government summoned 381 people, although some appeared only […]

     
  • Secretary of State Pompeo Kicks Off 8-Nation Middle East Tour
     

    Secretary of State Mike Pompeo begins a weeklong tour of eight Arab nations in the Middle East through Jan. 15, including a visit to Saudi Arabia. The Secretary’s schedule will take him to Amman, Cairo, Manama, Abu Dhabi, Doha, Riyadh, Muscat, and Kuwait City. Pompeo will give a major speech about America’s role in the region and privately […]

     
  • Oil Posts Biggest Weekly Gain Since December 2016
     

    Brent crude headed for its biggest weekly gain since December 2016 after several months of price falls as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy, according to reports. The weekly gain – nearly 9% on the Brent crude index – follows three weeks of losses and its worst quarter in […]

     
  • Breakthrough Ceasefire Agreements Reached over Yemen Ports as U.S. Senate Rebukes Trump
     

    The internationally recognized Yemeni government and the Iranian-aligned Houthi movement agreed to a ceasefire around the city of Hodeidah and to remove troops from the area in a potential major turning point for the three year old conflict, according to reports. The agreement was reached at U.N.-brokered talks in Sweden. The port, which is currently under Houthi control, […]

     
  • KPMG Releases Second Edition of its Saudi Arabia CEO Outlook report; Finds Positivity Among Saudi CEOs
     

    KPMG has released its second edition of its Saudi Arabia CEO Outlook report, available as a .PDF from the company’s website here.  The report is based on interviews with 50 CEOs of organizations in Saudi Arabia for their thoughts and insights on the potential opportunities that they have while preparing for the challenges that lie ahead, […]

     
  • Saudi Aramco Aims to Invest $150b to Become Gas Exporter – CEO
     

    Saudi Aramco’s gas expansion strategy needs $150 billion (117.55 billion pounds) worth of investments over the next decade as the company plans to increase output and become an exporter, Reuters reports, citing CEO Amin Nasser’s comments at an industry event in Dubai. Aramco is pushing ahead with its conventional and unconventional gas exploration and production program […]

     

MUST-READS

  • In pictures: Israelis protest to demand Gaza hostage deal

    Israeli protesters took to the streets for a second day on Monday to press the government to reach a deal to return hostages still held by Hamas, after six more captives were found dead in Gaza.

  • Saudi Arabia strengthens cooperation with Japanese gaming and entertainment companies

    The economic newspaper Nikkei Asia reported that the Kingdom’s Public Investment Fund plans to transfer all of its gaming-related shares to its subsidiary Savvy Games Group. The move underscores Saudi Arabia’s commitment to nurturing and developing the gaming industry in the region. By partnering with Japanese companies known for their expertise and innovation in the gaming sector, Saudi Arabia aims to build a strong ecosystem that fosters creativity and technological advancement.

  • UK suspends 30 of its 350 arms export licences to Israel

    Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Palestinian enclave of Gaza.

  • Oman announces major changes to foreign investment rules

    The move offers opportunities for SMEs owned by Omanis to contest most business sectors, the decision lays emphasis on ensuring that the projects and activities related to the national identity and Omani heritage shall not be compromised.

  • IEA to convene major international energy security summit in London, hosted by UK government

    The IEA will convene an International Summit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks facing the global energy system and to prioritise the solutions and opportunities available for addressing them.

  • Oil prices fall as weak demand overshadows Libya blockade

    Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude , which did not have a Monday settlement because of the U.S. Labour Day holiday, was 28 cents up from its Friday close of $73.55.

  • US military says Yemen’s Houthis attacked two crude oil tankers in Red Sea

    Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday, the U.S. military said, calling the assaults "reckless acts of terrorism". The Houthis late on Monday claimed responsibility for targeting the Blue Lagoon with multiple missiles and drones but did not make any mention of the Saudi tanker. The U.S. Central Command said the Houthis attacked the two tankers with two ballistic missiles and a one-way attack uncrewed aerial system, hitting both vessels.

  • Stars gear up for Saudi Arabia Masters – all you need to know

    The inaugural event which has been given the unofficial title of being the sport’s ‘fourth major’ by organisers, is the biggest ever staged outside the UK in the sport’s history, with a £2.3m prize fund and £500,000 winner’s cheque available - equal to the amount on offer at the Crucible in Sheffield.

  • International Saudi Falcons and Hunting Exhibition to Welcome Visitors in October

    The Saudi Falcons Club will organize the International Saudi Falcons and Hunting Exhibition from October 3 to 12 at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh, an event expected to draw over 400 exhibitors from 45 countries. This year's exhibition will be held on an impressive 60,000 square meters; it is designed to cater to visitors of all ages.

  • Saudi Fund for Development Celebrates 50 Years of Global Impact with Over $20 Billion in Development Contributions

    The Saudi Fund for Development (SFD) celebrated its 50th anniversary in Riyadh today, under the theme "50 Years of Global Impact." The event brought together key development partners to reflect on the SFD’s significant contributions to sustainable development worldwide. Over the past five decades, the SFD has allocated over $20 billion, financing more than 800 development projects and programs in vital sectors, including social infrastructure (education, healthcare, water and sewage, and housing and urban development), communication and transportation (roads, railways, airports and seaports), energy, agriculture, mining and industry, and others.