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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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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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, […]
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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 […]
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Full Text: Saudi Arabia Public Prosecution’s Briefing on the Investigation Results into the Murder of Jamal Khashoggi
Saudi Arabia’s Public Prosecution released a briefing on the investigation into the murder of Jamal Khashoggi in Istanbul. Below is the full text of the briefing, emailed by the Saudi Embassy in Washington, D.C. *** Public Prosecution: A Briefing on the Investigation Results The Public Prosecution said in a press briefing that through the investigation […]
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MUST-READS
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12 Luxury Resorts In Saudi For An Unforgettable Getaway
From pristine beaches to turquoise lagoons, the Kingdom has it all—and the finest luxury resorts in Saudi are here to help you make the most of the country’s must-visit destinations. only too happy to oblige. Expect idyllic waterfront havens, floating villas and private pools for endless rest, relaxation and rejuvenation. Ready to get your resting beach face on?
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Iraq moves to revoke Saudi broadcaster’s license after report angered militia supporters
Iraq’s commission governing media announced Saturday that it would take steps to revoke the license of a Saudi television station to operate in the country. That came hours after dozens of supporters of Iraqi militias stormed and looted the office of the broadcaster, MBC, in Baghdad in protest over a report that described a number of Iranian-linked militant figures — including a prominent Iraqi militia leader — as “terrorists.” The report on “terrorists” who had been killed this century mentioned former al-Qaida leader Osama bin Laden alongside a roster of Iran-backed figures.
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Opinion: Sinwar’s Death Changes Nothing
Netanyahu’s calculation is no mystery. Should he leave political office, he faces a criminal-corruption trial and a probable inquiry into the security meltdown on October 7. He has apparently concluded that the best way to stay out of prison is to stay in power, and the best way to stay in power is to keep the war going—specifically, the war in Gaza. The battle against Hezbollah in Lebanon is too volatile, and involves too many other actors, including the United States, Iran, and Gulf Arab countries, for Israel to keep control of its trajectory. For this reason, Lebanon is much less useful than Gaza as a domestic political tool.
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Opinion: How the Biden Team Plans to Build Peace From Sinwar’s Death
The death of Sinwar alone is not the sufficient condition to end this Gaza war and put Israelis and Palestinians on a pathway to a better future. Yes, Sinwar and Hamas always rejected a two-state solution and were committed to the violent destruction of the Jewish state. No one paid a bigger price for that than the Palestinians of Gaza. But while his death was necessary for a next step to be possible, it was never going to be everything.
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How AI-driven robotics is transforming healthcare in Saudi Arabia
Robots have lived among us for years, from our factory assembly lines to the autonomous vehicles sorting our parcels. Now, with rapid advances in artificial intelligence, our robot companions are taking on even more sophisticated tasks — even heart surgery. According to the World Economic Forum, the market for robot-assisted surgery is expected to surpass $14 billion by 2026. Having invested heavily in health sector innovation, Saudi Arabia is already making significant strides in the adoption of AI-driven robotics in medicine.
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Saudi Arabia Seeks to Expand Local Helicopter Production With Leonardo
Saudi Arabia is in talks with Leonardo to expand their collaboration by localizing the production of helicopter components. Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, and Leonardo Chairman Stefano Pontecorvo met in Milan to discuss a deal to support manufacturing aircraft structures, propellers, and advanced electronic flight systems. The partnership would also include developing capabilities in maintenance and repair service, as well as producing spare parts for engines, drones, and navigation systems. Leonardo has been working in Saudi Arabia for more than four decades, supplying fighter aircraft, avionics, surveillance, naval, and space systems, among others.
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Saudi Tech Firm Ejada Taps Goldman for IPO at $1.5 Billion Value
Ejada Systems Ltd. is considering an initial public offering in Riyadh at a valuation of as much as $1.5 billion, marking a rare listing by a technology services firm in Saudi Arabia. Goldman Sachs Group Inc. and Al Rajhi Capital have been hired to arrange the potential offering, which could come in the next few months, people familiar with the matter said, asking not to be identified as the discussions are confidential.
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Saudi Arabia can achieve clean water entirely by renewable energy-powered desalination, executives say
A nationwide supply of clean water produced entirely by renewable energy-powered desalination in Saudi Arabia is possible, according to top industry executives. Mohammed Al-Hajjaj, CEO of Engie Saudi Arabia, spoke to Arab News about how advances in technology and affordability meant that fully renewable desalination is a possibility. “In recent years, we have seen significant advances in energy storage, making it not only feasible and practical, but also increasingly affordable,” he said on the sidelines of the Solar & Storage Live KSA exhibition in Riyadh on Wednesday.
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Corporate activities drive Saudi bank loans to highest growth rate in 18 months
Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.11 percent — the highest in 18 months, according to recent data. Figures from the Saudi Central Bank, also known as SAMA, showed that corporate lending dominated the sector, making up around 54 percent, with individual loans comprising the remaining figure.
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Jannik Sinner Takes Home $6 Million With Win Over Carlos Alcaraz In 6 Kings Slam
World No. 1 Jannik Sinner backed up his ranking and will take home the biggest purse in sports history after winning the 6 Kings Slam in Riyadh, Saudi Arabia. Sinner defeated Carlos Alcaraz, 6-7, 6-3, 6-3 to capture $6 million prize. In the third-place match, 24-time Grand Slam champion Novak Djokovic beat Rafael Nadal 6-2, 7-6(5) in the final match of their storied rivalry. Nadal is set to retire at next month’s Davis Cup finals in Spain.
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