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  • Ministry of Culture and Information Launches Certified Saudi Cinema Account: ‘We are back’
     

    The Saudi Ministry of Culture and Information (MoCI) launched an official and certified account for Saudi cinema on Twitter yesterday and used its first tweet to proclaim the return of Saudi cinema. “We are back,” the account announced. The announcement and launch of the twitter handle comes ten days after the MoCI announced that cinemas […]

     
  • Yemen’s Houthis Fire Another Ballistic Missile at Riyadh
     

    Saudi Arabia said it intercepted a Yemeni rebel missile over Riyadh on Tuesday as residents reported a “loud boom” that shook buildings in the Saudi capital. It was the second Houthi missile attack on Riyadh in the past two months. “Ballistic missile intercepted over Riyadh,” the Coalition battling Yemen’s Houthi rebels said in a statement. […]

     
  • Saudi Cinema to Return in March 2018, Minister Al-Awwad Says
     

    Saudi Arabia’s Ministry of Culture and Information has confirmed that commercial cinemas will be allowed to operate in the Kingdom as of March 2018, according to a statement by Minister Awwad Al-Awwad. When the first cinema opens, it will be the first public cinema that has been permitted to operate in Saudi Arabia in 35 years. The return of […]

     
  • Second Missile in a Month Launched from Yemen Intercepted by Saudi Military
     

    For the second time in a month, the Saudi military has intercepted and destroyed a ballistic missile that was launched from Yemen on Thursday. The missile did not cause any casualties and was headed towards the Saudi city of Khamis Mushait on the Kingdom’s southwestern border, according to reports. Yemen’s Iran-backed armed Houthi rebels claimed responsibility for the […]

     
  • Crucial Test for Saudi Arabia, Russia on Oil Output at OPEC Meeting in Vienna
     

    OPEC and Russia are facing a “crucial test” on Thursday at a meeting in Vienna as Saudi Arabia and Russia seek to come to an agreement on oil output. Oil traders are expecting OPEC to announce a nine-month extension to supply caps that are currently due to finish at the end of March 2018, but such […]

     
  • Saudi-Led Coalition Faces Mounting International Criticism of Yemen Blockade
     

    Saudi Arabia is under growing international pressure from the U.N., U.S. Congress and global media outlets to unconditionally lift its blockade of Yemen, amid warnings of a serious deterioration to the already dire humanitarian situation in the war-torn country. In an unusual joint statement from the United Nations, the heads of the World Food Program, Unicef, and […]

     
  • Aramco Set to Invest $300 billion over 10 years in Oil and Gas Projects
     

    While speaking at the ADIPEC Energy Conference in Abu Dhabi, Aramco CEO, Amin Nasser, declared Saudi Aramco’s plans to invest $300 billion over 10 years in upstream oil and gas projects, Reuters reports. Preceding Nasser’s comments, Saudi Aramco announced on November 9 that it had signed eight agreements worth $4.5 billion with a number of […]

     
  • Fitch Ratings Affirms ‘A+’ Outlook for Saudi Arabia as Finance Ministry Pushes Back Date of Deficit Elimination
     

    Fitch Ratings on Thursday affirmed Saudi Arabia’s long-term foreign-currency Issuer Default Rating (IDR) at ‘A+’ with a stable outlook, saying the ratings are “supported by strong fiscal and external balance sheets, including exceptionally high international reserves, low government debt, significant government assets and strong commitment to an ambitious reform agenda.” The Fitch report said central […]

     
  • Despite Progress, WEF Ranks Saudi Poorly on Gender Gap Index
     

    Saudi Arabia was among the lowest-ranked countries on in the World Economic Forum’s Global Gender Gap index, despite recently issuing new rules on women driving and other progress in the Kingdom. Saudi Arabia placed 138th out of 144 countries. The Kingdom’s Vision 2030 economic and social reform plans call for greater participation and empowerment of women in Saudi […]

     
  • What We Know About Neom, Saudi Arabia’s New Planned Mega-City
     

    Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]

     

MUST-READS

  • Neymar celebrates Esports World Cup in Riyadh: ‘A great opportunity for Saudi Arabia and the world’

    Neymar Jr., the renowned Al Hilal and Brazil forward, has added his voice to the growing acclaim for the Esports World Cup in Riyadh, describing the event as a "great opportunity" for both Saudi Arabia and the global community. His endorsement came during a special appearance on Tuesday, where he led ‘Team Neymar Jr’ in a sold-out competition at the SEF Arena. Neymar, who has been with Saudi Pro League champions Al Hilal since 2023, is not just a football icon but also a passionate gamer.

  • Five Saudi banks to finance cultural development fund

    Five Saudi banks have agreed to provide financing for a new arts fund managed by Saudi Arabia’s Cultural Development Fund, which has been leading government support for the arts since 2021.  The agreement with Al-Rajhi Bank, Alinma Bank, Banque Saudi Fransi, Arab National Bank and Bank Aljazira will provide support to private sector projects in the 16 areas covered by the fund, which include architecture, museums, film, fashion, music and poetry.

  • Egypt and Saudi Arabia accelerate $1.8 billion electricity interconnector project

    The first phase is slated to begin in July 2025, and the entire project is anticipated to be fully operational by early 2026. At an estimated cost of $1.8 billion, this project represents a major investment in regional energy cooperation.

  • Amiantit’s East Gas files to list 20% of shares on Nomu

    Saudi Arabian Amiantit Co. and Saudi Paper Manufacturing Co. announced receiving a letter from East Gas Co. on May 19, about applying to the Capital Market Authority (CMA) for a direct listing on the Nomu -Parallel Market.  The file was submitted by East Gas financial advisor, Arbah Capital Co. In separate statements to Tadawul, the two companies said the procedure and any material developments will be announced in due course.

  • 10 Saudi Players to Watch in 2024-25 RSL

    The dawn of a new season brings with it fresh excitement about the fresh additions to the Roshn Saudi League, names that will provide hours of entertainment across the next 34 rounds of action. Equally as entertaining, however, are the household stars already within the league that have set the benchmark for some time now, or perhaps have only emerged, standing above as the best Saudi players in the RSL. A mix of experienced and youthfulness, here are 10 Saudi Arabians to keep an eye out for as the 2024-25 season kicks into gear on Thursday.

  • KAUST and Saudi Red Sea Authority to collaborate on conservation research

    The King Abdullah University of Science and Technology (KAUST) has signed a Memorandum of Understanding (MoU) with Saudi Red Sea Authority (SRSA) to explore avenues of cooperation in biodiversity sustainability, support for marine environment protection initiatives and assess the impact of coastal tourism activities on the Red Sea. The MoU also aims to leverage their combined capabilities and expertise to achieve mutual benefits.

  • Saudi Arabia’s National Water Company constructs 3 reservoirs in Riyadh

    The National Water Company (NWC) announced that it has recently completed the construction and operation of a number of water reservoirs to support the daily water supply in Diriyah Governorate and Hattin and Al Nakheel districts north of Riyadh. The total cost is more than 43 million Saudi Riyals ($11.4 million) as part of Phase 1 of the Strategic Water Plan in Riyadh.

  • Saudi Arabia: Introduction of the New Investment Law

    The Investment Law aims to further Vision 2030 by facilitating the diversification of Saudi's economy and enhancing its competitiveness as a global investment hub. The law was drafted after conducting a thorough study with a detailed research methodology/ benchmarking exercise to consolidate best international practices. (Benchmark jurisdictions included Indonesia, Singapore, Germany, the U.A.E., Turkey, and the U.S.A.) The Investment Law will come into force 180 days after its publication in the Official Gazette and its implementing regulations will be issued within the same period.

  • Saudi Arabia’s profits from oil exports plunge as kingdom tightens purse strings

    Saudi Arabia’s revenue from oil exports have plummeted to a three-year low, testing the kingdom’s ability to support oil prices by choking supply. Saudi Arabia earned just $17.7bn from oil sales abroad in June, according to government data, or nine percent less than it did at the same time last year, and 12 percent less than in May. Bloomberg reported in July that Saudi Arabia exported about 5.6 million barrels of oil a day in June, just 250,000 barrels more than it was exporting during the start of the Covid-19 pandemic when global travel and oil demand crashed.

  • MISA: 184 foreign companies move regional HQ to Saudi Arabia during first half of 2024

    A total of 57 companies secured investment licenses to move their regional headquarters to the Kingdom during the second quarter of this year, and this records a growth rate of 84 percent compared to the same period in 2023. This is in addition to 127 licenses issued in the first quarter of 2024 and thus bringing the total number of licenses issued in the first half of the year to about 184 licenses, according to the “Saudi Economy and Investment Monitor” report for the second quarter of 2024, released by MISA.