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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudi Arabia Sees a Surge in Foreign Investment into the Kingdom in 2020 Despite the Global Pandemic
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 […]
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In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data. The General Authority for Statistics’ (GaStat) latest labor market release shows that unemployment in Saudi Arabia declined 2.3%, to 12.6% in Q4 2020, down […]
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Reports Say Saudis, Iran Held Direct Talks Facilitated by Iraqis
The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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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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Incoming RIBA president defends work on Neom
Weston Williamson + Partners co-founder Williamson will officially become RIBA president-elect next month after winning an election in July. According to the Architects' Journal, his studio is believed to have worked on the high-speed railway that will run under the 170-kilometre-long The Line mega city. The Line is the centre piece of the controversial Neom project in northwestern Saudi Arabia, which has been criticised on environmental and human rights grounds, particularly following reports that three men among communities evicted from the site have been sentenced to death. Saudi Arabia's government has claimed the men are convicted terrorists.
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Charted: Investment Needed to Meet Battery Demand by 2040
Battery demand is projected to increase ninefold by 2040. As a result, the battery industry’s total capex is expected to nearly triple, rising from $567 billion in 2030 to $1.6 trillion in 2040. Upstream, companies will focus mainly on lithium, nickel, copper, and recycling at the extraction stage.
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Israeli military retrieves bodies of six hostages held in Gaza
Israel retrieved the bodies of six hostages from the Khan Younis area in southern Gaza overnight, according to statements from the military and the prime minister's office on Tuesday. The families of Yagev Buchshtab, Alexander Dancyg, Avraham Munder, Yoram Metzger, Nadav Popplewell, and Chaim Perry have been informed, the statements added. The Hostages Families Forum, an organisation that represents most hostage families, welcomed the news but renewed its call on the government to conclude a hostage release deal with the Gaza-based Palestinian militant group Hamas.
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Blinken says Israel accepts Gaza proposal, urges Hamas to do same
U.S. Secretary of State Antony Blinken said on Monday Israeli Prime Minister Benjamin Netanyahu had accepted a "bridging proposal" presented by Washington to tackle disagreements blocking a ceasefire deal in Gaza, and urged Hamas to do the same. Blinken spoke to journalists after a day of meetings with Israeli officials, including a 2-1/2-hour meeting with Netanyahu. The top U.S. diplomat had said earlier that this push was probably the best and possibly last opportunity for a deal.
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The Rise of Eating Disorders in Saudi Arabia
While eating disorders used to be considered a Western phenomenon, they have now become a global health crisis. Many experts link the rise of eating disorders in other parts of the world to a spread in Western values and a ‘thin’ beauty ideal, underpinning body satisfaction and other core elements of eating disorder pathology. Equally, eating disorders in other cultures sometimes take different forms from those seen in the West, causing them to be missed or overlooked.
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Saudi’s Bahri signs almost $1 billion deal for nine oil tankers
The National Shipping Company of Saudi Arabia (Bahri) (4030.SE), opens new tab has signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for approximately 3.75 billion Saudi riyal ($999 million), the company announced on Tuesday.The purchase is part of a modernisation drive and will enable the company to start phasing out older vessels, Bahri said in a statement issued via Saudi Arabia's stock exchange.
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Saudi Fund Said to Eye Boeing, Airbus Jets for New Cargo Airline
The cargo-hauling operation would serve flag-carrier Saudia and startup Riyadh Air, according to people familiar with the matter, who asked not to be identified as the talks are private. The Public Investment Fund is in discussions with both planemakers and lessors to acquire Boeing 777 and Airbus A350 freighters, the people said. The talks are at an early stage. No final decisions have been made and the fund may ultimately decide to delay or scrap the plans.
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RDIA launches national initiative to strengthen Saudi Arabia’s semiconductor sector
The eight-month training, which will run from September 29 to May 29, targets individuals with bachelor’s degrees in electrical and computer engineering or related fields. Participants will be poised to join companies within the National Semiconductor Hub, directly contributing to the advancement of Saudi Arabia’s semiconductor industry.
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How prepared is Saudi Arabia to handle mpox?
An international outbreak of a milder variant of mpox occurred between July 2022 and May 2023. The first cluster of cases was reported in the UK, followed soon after by more in other parts of the world, including Europe and North America. It was the first time that a transmission chain had been reported outside of Africa without any known epidemiological links to West or Central Africa. In all, 87,000 cases were reported in 111 countries, and 140 people died.
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Tawakkalna tops government platforms in digital experience maturity index
Tawakkalna app, affiliated with the Saudi Data and Artificial Intelligence Authority (SDAIA), topped the government platforms in the Digital Experience Maturity Index for 2024 in Saudi Arabia, with a rate of 91.29%. This is among 39 digital platforms that were evaluated according to 4 main perspectives, under which 20 axes were included: measuring beneficiary satisfaction through the participation of more than 175,000 beneficiaries in evaluating their satisfaction with their digital experience and dealing with their complaints and evaluating the digital technologies and tools that enable these platforms.
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