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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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President Joe Biden, Saudi Arabia’s King Salman Speak by Phone in First Call of New U.S. Administration
President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss the longstanding partnership between the United States and Saudi Arabia, the first such call between the two G20 nation leaders since Biden took office in January.
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Secretary of Defense Lloyd J. Austin III, Crown Prince Mohammed bin Salman Speak by Phone
On February 18, Secretary of Defense Lloyd J. Austin III spoke by phone with Crown Prince and Minister of Defense Mohammed bin Salman to “reaffirm the strategic defense partnership between the United States and the Kingdom of Saudi Arabia,” the Pentagon said in a readout of the call.
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U.S. Treasury Secretary Janet Yellen, Saudi Finance Minister Mohammed Al-Jadaan Speak by Phone to Discuss Coronavirus, Economic Recovery
U.S. Treasury Secretary Janet Yellen and Saudi Finance Minister Mohammed Al-Jadaan discussed the coronavirus pandemic and other issues during a call on Wednesday, the U.S. Treasury Department said. The call is the first between the two finance chiefs after Yellen’s approval as President Joe Biden’s Secretary of the U.S. Treasury.
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Saudi Arabia Fends Off Houthi Attacks on Civilian Targets, Will Continue to Treat Houthis ‘As a Terrorist Organization’
Yemen’s Houthi group said on Monday it had struck Saudi Arabia’s Abha and Jeddah airports with drones, knocking operations offline at the two international airports for two hours in a continuation of seemingly relentless attacks aimed at civilians. The Houthis confirmed the attacks on their Twitter account, according to Reuters. There was no Saudi confirmation […]
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Saudi Arabia’s Non-Oil PMI Ended 2020 with ‘Remarkable Rise’, TASI Flat in January – Jadwa Investment
Saudi Arabia’s non-oil Purchasing Managers Index (PMI) ended the year with a “remarkable rise” in December, with the index hitting its highest reading since November 2019, Jadwa Investment said in its latest Chartbook publication dated February 2021.
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In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM
In a rare televised appearance on Sunday, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled ambitious plans for a new carbon-free city at NEOM, in the Kingdom’s northwest along the Red Sea.
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More Golf Stars Join List of Committed Players for Saudi International in February
More international golf stars have joined the growing list of players who have committed to playing in the Saudi International at Royal Greens Golf & Country Club, beginning February 4th 2021. Norwegian youngster Viktor Hovland and American Ryder Cup star Tony Finau are the latest top international stars to confirm their entry for the third edition […]
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OPEC+ Agrees on Output Increase by by 500,000 Barrels a Day in January – Reports
OPEC and Russia on Thursday agreed to a slight increase in production quotas in January, reducing their deep oil output cuts from January by 500,000 barrels per day, according to reports. The decision taken by OPEC and Russia signals the world’s biggest producers “are betting the worst of a pandemic-inspired shock to demand is behind them,” according to the […]
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Yemen’s Houthis Increase Attacks on Saudi Arabia’s Oil Facilities, Assets as Kingdom’s Leaders Urge UN Action
Yemen’s Iran-backed Houthi militia claimed responsibility for another brazen missile attack on a Saudi Aramco oil facility on Monday, leaving no one injured but a fire that raged for 40 minutes, according to reports.
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MUST-READS
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Would more MNCs see opportunity in Saudi Arabia?
Foreign ownership limitations are a challenge for MNCs' investment in Saudi Arabia's non-oil sectors, says Tony Nash from Complete Intelligence.
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Commentary: Why Is America So Bad at Promoting Democracy in Other Countries?
You might think a realist like me wouldn’t give a damn about a state’s regime-type or domestic institutions and care even less about the goal of promoting democracy.
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Is This the End of the Oil Era?
Daniel Morris, senior investment strategist at BNP Paribas, discusses the oil markets and the changes in the energy sector.
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India’s Oil Demand: On the Verge of ‘Take-Off’?
In this new era of slower Chinese growth, a new contender has emerged: India, which in 2015 was the main driver of growth in non-OECD oil demand. India’s oil demand has soared over the last year, reaching an average figure for oil demand growth y/y of 0.30 mb/d in 2015, compared with 0.1–0.15 mb/d over the previous decade.
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After six months of violence, Palestinians wonder: What was gained?
No village in the West Bank generated more attackers per capita than Saer, a farm town of 20,000 people famous for its quarries and grapes in the hills east of Hebron, where everyone knows each other.
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What’s behind Egyptian Protests over Islands given to Saudi Arabia?
It is noteworthy that the recent assistance packages have been more in the form of loans and investments as opposed to pure aid, which was the vehicle through which Saudi Arabia and Gulf States initially supported the Egyptian regime following Mursi’s 2013 overthrow.
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Is Iran Seeking Regional Hegemony?
During his recent visit to Washington, Israeli Defense Minister Moshe Ya’alon remarked that a “Shiite radical axis” headed by Iran “is exploiting the deal now to gain hegemony” in the region.
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Can Saudi Arabia’s Aid Policy Pay Off?
Saudi Arabia is a generous international donor. According to one study conducted by the Global Public Policy Institute, the country donated over $90 billion or 3.7 percent of its gross domestic product (GDP) between 1975 and 2005. The same study found, however, that the Saudis lack an articulated and coherent aid policy.
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Does the removal of top jihadists weaken ISIL?
So the high-level killings over the past month may not have a significant impact on the battlefield. They might, however, leave a dent on the changing ideological outlook, particularly because the targets included religious giants in this field.
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Commentary: Will US-Saudi ‘special relationship’ last?
There is little doubt that the Saudi-led “Arab coalition” in Yemen has generated most of the attention — and scrutiny — that Saudi Arabia has received in the international media since Salman ascended to the throne in January 2015.
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