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  • Saudi Arabia’s Former Minister of Petroleum and Natural Resources Ali Al-Naimi Pens Memoir
     

    Saudi Arabia’s former Minister of Petroleum and Natural Resources Ali Al-Naimi has penned a memoir that offers “a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco,” Reuters reports. Out of the Desert: My Journey from Nomadic Bedouin to the Heart of Global Oil, published by Portfolio Penguin, “describes the battles waged […]

     
  • Yemen’s Houthi Rebels Fire Missiles Toward Holy City of Mecca in Saudi Arabia, Coalition Says
     

    Yemen’s Houthi militia launched a ballistic missile toward Mecca on Thursday, the Saudi-led coalition intervening in Yemen’s civil war on behalf of the government said in a statement. Reuters via the Saudi Press Agency (SPA) reports that Coalition forces “destroyed the missile 65 km (40 miles) from the holy city before it could do any […]

     
  • Vision 2030 and Natural Gas
     

    A recently released Jadwa Investment report looks at the role that natural gas will play in Saudi Arabia’s Vision 2030 plan to reform its economy and society. “Saudi Arabia holds the world’s sixth largest proven gas reserves and was the seventh largest producer of gas in 2015. Continued investment in gas has resulted in steadily […]

     
  • Yemen Ceasefire Tested by Missiles, Airstrikes
     

    The 72-hour U.N.-backed truce in Yemen came under duress on Thursday when missiles fired from inside the war-torn country killed two civilians in Saudi Arabia, while a Saudi-led coalition launched air strikes that Iran-allied Houthi fighters said killed three people, according to reports. The U.N.-brokered ceasefire began late on Wednesday, which “brought Sanaa its first night without air strikes in […]

     
  • Saudi Energy and Industry Minister Khalid Al-Falih: Oil Market Wrapping Up ‘Considerable Downturn’
     

    Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih said on Wednesday that oil markets were at the end of a “considerable downturn” and that fundamentals were improving. “Market forces are clearly working after a testing period of sub-$30 oil prices… Oil demand is expanding at a healthy rate despite slower global growth,” Al-Falih said. […]

     
  • U.S. Responds to Missile Strikes from Yemen, Destroys 3 Radar Sites
     

    The U.S. military struck three radar sites in Houthi-controlled territory on Yemen’s Red Sea coast, the Pentagon said in a statement.  The strikes were aimed at preventing future missiles from being launched toward U.S. warships. “These limited self-defense strikes were conducted to protect our personnel, our ships, and our freedom of navigation in this important […]

     
  • News Analysis: In Push for Diversified Economy, Saudis Share in Sacrifice
     

    As part of its ongoing drive to reduce government spending Saudi Arabia announced that it will suspend pay increases for public sector employees and slash Minister-level pay and benefits, sending a message that all Saudis will share in the sacrifice as tries to balance its budget and diversify its economy away from oil.  The decision […]

     
  • Saudi Binladin Group Says Government Resumes Payment of Dues
     

    The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom’s biggest construction firm, for its work on government projects, according to a Reuters report which cited a local newspaper. The positive news for SBG and its employees comes at a critical time for the company. SBG faced its toughest challenges in the […]

     
  • Event Alert: King of Bahrain, Secretary Kissinger, Gen. David Petraeus Headline C3 Business Summit in New York
     

    Scheduled to take place on the heels of the 71st U.N. General Assembly in New York on September 26 and September 27, the 2016 C3 Business and Healthcare Summit has announced the confirmed participation of His Majesty King Hamad Bin Isa Al Khalifa and The Honorable Dr. Henry Kissinger. This edition of the well-established C3 Summit series will examine ISIS, Brexit, the growing concerns […]

     
  • Senate Votes Down Proposal to Block U.S. Arms Sale to Saudi Arabia
     

    The Senate on Wednesday rejected a bipartisan proposal to block a pending $1.15 billion United States arms sale to Saudi Arabia by a vote of 71-27. The Senate action comes as Congress is considering whether to override an expected presidential veto of the so-called JASTA bill, allowing 9/11 victims’ families to sue the Saudi government. The proposed […]

     

MUST-READS

  • The New Nazaha Law: More Prosecution Prospects in Saudi Arabia’s Fight Against Corruption

    Saudi Arabia’s Council of Ministers has enacted a stringent new law designed to tackle corruption among government employees. The Saudi Oversight and Anti-Corruption Authority (Nazaha) Law (the New Law), approved on 23 July 2024, mandates (amongst other penalties) the immediate dismissal of any government employee found guilty of corruption. The New Law was published in Umm Al-Qura, the Kingdom's official gazette, on 9 August 2024 and will take effect on 7 November 2024.

  • Exploring the 6 Saudi Arabia UNESCO World Heritage Sites

    Al-Hijr, also known as Madâin Sâlih, was the first UNESCO World Heritage Site in Saudi Arabia. It is a remarkable archaeological site that dates back to the Nabatean Kingdom in the 1st century AD. The site served as an important trade hub along the incense route and is adorned with well-preserved monumental tombs, cave inscriptions, and rock-cut facades.

  • Saudi-Portuguese economic cooperation gathers steam with creation of Business Council

    The Council Chairman Al-Baltan said that the formation of the council represents a new stage in the path of economic relations between Saudi Arabia and Portugal so as to enable the business sectors to benefit from promising investment opportunities in the two countries as well as to enhance trade and investment partnerships between the two sides.

  • Saudi trade surplus surpasses $26.13bln in 2Q 2024

    Saudi Arabia’s trade balance recorded a surplus of SR98.36 billion in the second quarter of 2024, reaching its highest level during the current year. This represents a quarterly growth of 13.2 percent, with an increase of SR11.495 billion compared to a surplus of SR86.873 billion in the first quarter of the year, according to the preliminary international trade data released by the General Authority for Statistics (GASTAT).

  • White House insists Israel-Saudi normalization still possible before US election

    “President Biden absolutely believes normalization between Israel and Saudi Arabia is possible, and he believes that it’s certainly possible to get it done before the end of his time as president,” says National Security Council spokesperson John Kirby in an interview with The Times of Israel. “He recognizes that there’s a lot of spade work that needs to be done before you can get there, [but] that’s why we’re in Doha right now trying to get this ceasefire in place so that we can start to make some progress on larger regional issues,” Kirby explains.

  • Turkiye and Saudi Arabia forge defence technology partnership

    The cooperation encompasses a broad range of defence sectors, including unmanned aerial vehicles (UAVs), missile systems, electronic warfare and advanced software systems. Turkish defence firms, renowned for their cutting-edge innovations, are expected to play a crucial role in the modernisation of Saudi Arabia’s defence industry. This partnership not only allows Saudi Arabia to acquire sophisticated military technologies but also to develop its indigenous production capabilities through joint ventures and collaborative research initiatives.

  • Mastercard and Saudia Partner to Empower Women Entrepreneurs in Saudi Arabia with ‘Her Voice’

    This season, Mastercard and Saudia will be putting inspiration into action by partnering with Blossom Accelerator, Saudi Arabia's first tech-inclusion and female-focused accelerator, to host three workshops — in Jeddah, Riyadh, and Khobar — providing budding female entrepreneurs, aspiring leaders, and small business owners access to all-important learning and networking opportunities.

  • Defender Cancelo leaves Man City for Saudi club Al-Hilal

    Manchester City defender Joao Cancelo has moved to Saudi Pro League club Al-Hilal in a £21.2m deal. The 30-year-old Portugal international joined Pep Guardiola's side from Juventus for £60m in 2019 and became a key component of the side.

  • Shedding light on the non-profit sector in Saudi Arabia

    While the sector has shown rapid growth in recent years, Al-Mubarak highlighted how there remains a long road ahead. “At the end of 2023, the non-profit sector contributed just under 0.9% to the economy. The goal of Vision 2030 is to lift the sector’s contribution to 5% of GDP by 2030. Achieving this would require the sector to grow by a factor of five in the next five years.”

  • MBS reaffirms support for Palestinians in Riyadh meeting with Mahmoud Abbas

    During the meeting, the Crown Prince reaffirmed Saudi Arabia’s commitment to engaging with international and regional parties to help de-escalate the situation, SPA added. He also emphasized the Kingdom’s support for the Palestinian people in their pursuit of legitimate rights, a dignified life, and a just and lasting peace.