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  • Riyadh Metro’s New Trains will have Three Separate Classes of Cars
     

    The trains for Riyadh’s forthcoming metro project on lines 1 and 2 will have three separate classes of cars for citizens and expats, according to reports. The Siemens-built trains will have a first class for men with “gold-colored seats” that are wider than other sections. A second section will be for families, which in Saudi […]

     
  • Collapse in Oil Prices Hits Saudi S&P Credit Rating
     

    Saudi Arabia and other oil-producing nations saw a cut in credit ratings by Standard & Poor’s on Wednesday amid the collapse in crude oil prices, according to reports. According to Forbes, Saudi Arabia is now rated A-, “a two notch downgrade from S&P’s previous rating of A+, [and] is forecast to have a current account deficit […]

     
  • Will 2016 be a Big Year for the Middle East Solar Energy Market?
     

    Writing for Green Tech Media, Jason Deign, comments that the Middle East market for solar energy is anticipating a big year in 2016… maybe.  The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region.   Deign takes a […]

     
  • Jadwa: Saudi Economy will Continue to Slow in 2016
     

    Riyadh-based Jadwa Investment recently released an updated analysis on Saudi Arabia’s economy, painting a gloomy picture of the Kingdom’s economic health in the face of low oil prices. The Saudi economy will continue to slow in 2016 as the private sector gradually adjusts to the new norm of fiscal deficits and lower spending announced by […]

     
  • Saudi Arabia ‘Ready to Participate in Any Ground Operations’ by Coalition in Syria
     

    Saudi Arabia has announced its readiness to send ground troops to Syria to help in the battle against ISIS, or Daesh, according to comments made by a Saudi defense official. “The kingdom is ready to participate in any ground operations that the coalition (against ISIS) may agree to carry out in Syria,” said military spokesman […]

     
  • Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
     

    5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform.  In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]

     
  • Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
     

    Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh.  Saudi […]

     
  • U.S., Saudi Business Leaders to Meet in Riyadh for U.S.-Saudi CEO Summit, GCF 2016
     

    U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States. The inaugural U.S.-Saudi CEO Summit, organized by the U.S. Chamber of Commerce and the Council of Saudi Chambers […]

     
  • IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
     

    The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]

     
  • Saudi-led Intervention in Yemen to Restore Hadi Continues into 10th Month with ‘Different Objectives’
     

    The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members. The coalition has retaken Aden, Yemen’s southern port, and according to Saudi […]

     

MUST-READS

  • Israel’s evacuation orders have displaced 90% of Gaza residents, UN says

    Successive Israeli evacuation orders in Gaza have displaced 90% of its 2.1 million residents since the Israel-Hamas war began in October, the top U.N. humanitarian official for the Palestinian territory says. U.S. Vice President Kamala Harris says she and President Joe Biden are working to end the war in Gaza, where the International Rescue Committee says the polio virus has been circulating for the first time in a quarter-century because of the destruction of hospitals and water infrastructure, along with overcrowded living conditions.

  • Saudi: Tadawul witnesses 22 private deals worth $104.26mln on Thursday

    Investors in the Saudi stock market Tadawul witnessed execution of 22 private deals on Thursday, with a total value of SR391 million. Most of these deals were pertaining to the Saudi local banks. The highest executed value was in Alinma Bank with SR132 million distributed over six deals with about 4 million shares executed at a price of SR32.25.

  • Saudi Ministry unveils $26.65 million initiative to transform Najran into mining hub

    At a recent investor meeting in Najran, Minister Bandar Alkhorayef emphasized the ministry’s dedication to supporting investors and tackling sector challenges. The Industrial Fund, offering up to 75% financing, specifically targets support for the Najran region, recognized as a promising peripheral area.

  • Questions mount over six hostages’ fate in Gaza after IDF finds gunshot wounds

    Fury was palpable at the end of a demonstration in Tel Aviv on Thursday, as protesters demanded a deal to free Israeli hostages in Gaza and grieved this week’s news that the bodies of six captives had been retrieved. Their tragic fate has raised fears that more Israeli hostages will not be retrieved alive either, said one protester. “We need to bring back those that we know were alive,” Daniel told CNN. Continuing war as negotiations for a ceasefire-hostage deal falter “will only bring more coffins to them and to us,” the 48-year-old added.

  • Taliban codify morality laws requiring Afghan women to cover faces, men to grow beards

    Afghanistan's Taliban formally codified a long set of rules governing morality this week, ranging from requiring women to cover their faces and men to grow beards to banning car drivers from playing music, the Justice Ministry said. The rules, promoted as in line with Islamic sharia law and to be enforced by the morality ministry, were based on a decree by the Taliban's supreme spiritual leader in 2022 and were now officially published as law, a Justice Ministry spokesman said.

  • Commentary: Newcastle’s Saudi future may not be what many imagined as pressure hits

    Newcastle will always have the memories of the night when they welcomed Paris Saint-Germain to St James’ Park – Kylian Mbappé, Gianluigi Donnarumma, Ousmane Dembélé et al – and beat them 4-1, but the European adventures perhaps took the edge off league form and the result was a seventh-placed finish. There’s no shame in that: other than the previous season, it was their best finish since 2011-12. But expectations have been raised. One season’s exceptional achievement rapidly becomes the following season’s par.

  • Saudi Announces Four-Day Holiday For 94th National Day

    The slogan “We Dream and Achieve” isn’t just catchy—it’s a reflection of the Kingdom’s ambitious projects and leadership in innovation. It perfectly captures the spirit of progress and transformation that defines Saudi Arabia today. The GEA is encouraging all government and private organizations to get on board with the theme and use the official branding to make this National Day unforgettable.

  • Saudi Perfume Maker’s $188 Million IPO Sells Out In Hours

    Saudi Arabia-based perfume maker Al Majed for Oud Co. received more orders for its initial public offering than shares available in just a few hours after books opened on the deal on Sunday. The company is selling a 30% stake — 7.5 million shares — and seeks to raise as much as $188 million. Institutional investors fully covered the order book throughout the 90 riyals to 94 riyals ($24 to $25) price range, according to people familiar with the matter, who asked not to be identified as the information is private.

  • Saudi Minister of Interior Welcome US Ambassador to KSA

    The meeting highlighted the presence of the Deputy Minister of Interior, Dr. Nasser bin Abdulaziz Al-Daoud, and the Assistant Minister of Interior, Dr. Hisham bin Abdulrahman Al-Falih, alongside the Undersecretary of the Ministry of Interior, Dr. Khalid bin Mohammed Al-Battal, and the Undersecretary of the Ministry of Interior for Security Affairs, Mr. Mohammed bin Muhanna Al-Muhanna, and a number of senior officials at the Ministry of Interior.

  • Saudi Arabia’s residential landscape changing as smart cities rise

    Saudi Arabia was represented five times in the 2024 edition of the International Institute for Management Development Smart City Index — with Riyadh, Madinah, and Makkah making the list along with Jeddah and Al-Khobar. With the $500 billion giga-project of NEOM set to lead the way with smart technology, it is no surprise the number of high-net-worth individuals flocking to Saudi Arabia is set to rise, with a report released by Henley & Partners in June projecting over 300 millionaires would be moving to the Kingdom in 2024.