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Deputy Defense Minister Khalid bin Salman to Visit Washington, London to ‘Urge Restraint’ as U.S.-Iran Tensions Soar
Saudi Arabia’s Crown Prince Mohammed bin Salman has instructed his younger brother and deputy defense minister Prince Khalid bin Salman to travel to Washington and London to “urge restraint” after the killing of a top Iranian commander has sent regional tensions soaring.
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Saudi Arabia Mum on Soleimani Death So Far
Top Saudi officials have yet to comment publicly on the news last night of the U.S. drone strike on Iran’s powerful Quds Force commander Qasem Soleimani.
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Saudi Ambassador Princess Reema Visits Naval Air Station in Pensacola, Florida, Offers Condolences to Victims
Saudi Arabia’s Ambassador to the United States Princess Reema al-Saud visited the Naval Air Station Pensacola in Florida on Thursday to “personally extend her deepest condolences for the tragedy that unfolded last week and to reinforce Saudi Arabia’s full cooperation with U.S. authorities in investigating this senseless act of violence,” the Saudi embassy in Washington, […]
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Tiger Woods Cites Busy Schedule in Declining to Play in Saudi Invitational, Defends Mickelson’s Decision to Play
Tiger Woods has declined to play in the upcoming Saudi Invitational golf tournament early next year, citing one of the busiest tour schedules for the Master’s champ in recent years, and defended the decision by Phil Mickelson and others to play. Woods said that he understood that the decision could be difficult for some athletes, […]
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Qatar, Saudi National Teams Set to Face Off in Semifinals of Gulf Cup in Doha
Qatar defeated the United Arab Emirates, 4-2, in the quarterfinals of the Gulf Cup being played in Doha, Qatar on Monday. The win advances the host country’s team to a semifinal match against Saudi Arabia on Wednesday. The match between the two teams has extra intrigue as the two nations play each other for the […]
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Crown Prince Mohammed bin Salman Begins State Visit to UAE Wednesday
Saudi Arabia’s Crown Prince Mohammed Bin Salman will start a state visit to the UAE on Wednesday, according to Al Arabiya news. During the official visit, the Saudi Crown Prince will meet Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The two leaders […]
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Saudi Arabia’s Non-Oil Private Sector Economy Reaches 4-Year High
Saudi Arabia’s non-oil private sector economy continued to expand in October, with business conditions improving at the fastest pace in four years, as output and new order growth in the kingdom gathered pace, according to reports and new data. The IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) increased to 57.8 in October 2019, the […]
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Jadwa Investment: Saudi Arabia’s 2020 Preliminary Budget Statement
A recent report by Jadwa Investment highlights the recent revisions in fiscal indicators presented by Saudi Arabia’s Ministry of Finance during its recent 2020 preliminary budget statement, noting adjustments in budgeted revenue, expenditures and more. The report notes that Saudi Arabia’s 2019’s revenue “is expected to total SR917 billion ($245 billion), in line with our forecast […]
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Future Investment Initiative 2019 Begins Tomorrow in Riyadh; Finance, Global Leaders Set to Attend
The third installment of Saudi Arabia’s mega-conference, the Future Investment Initiative (FII) will kick off tomorrow October 29th at the Ritz Carlton in Riyadh. The Kingdom is expecting to see over 6000 attendees with over 275 speakers from over 30 countries. FII is billed as an international platform for expert-led debate between global leaders, investors and […]
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Saudi Arabia Celebrates Major Progress, Accomplishments in latest ‘Ease of Doing Business’ Ranking
Saudi Arabia jumped a whopping 30 places in the annual World Bank ‘Ease of Doing Business’ report for 2020, a survey of business efficiency in 190 countries, and was the top reforming country in the study this year. The Kingdom’s ranking at 62nd in the world is the highest ranking since the bank launched its “Doing […]
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Hezbollah exploding pager trail runs from Taiwan to Hungary
The detonation of thousands of pagers targeting Hezbollah in Lebanon has left a mysterious trail from Taiwan to Hungary, while raising the prospect of another full-scale war in the Middle East between the Iran-backed group and arch-foe Israel. Israel's Mossad spy agency, which has a long history of pulling off sophisticated attacks on foreign soil, planted explosives inside pagers imported by Hezbollah months before Tuesday's detonations that killed nine people, a senior Lebanese security source and another source told Reuters.
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Hezbollah vows to punish Israel after pager explosions across Lebanon
Militant group Hezbollah promised to retaliate against Israel after accusing it of detonating pagers across Lebanon on Tuesday, killing nine people and wounding nearly 3,000 others who included fighters and Iran's envoy to Beirut. Lebanese Information Minister Ziad Makary condemned the late-afternoon detonation of the pagers - handheld devices that Hezbollah and others in Lebanon use to send messages - as an "Israeli aggression". Hezbollah said Israel would receive "its fair punishment" for the blasts.
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Middle East renewable energy investments to pass $75bn by 2030
The Middle East is on course to take $75.63bn of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council. These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and are forecast to come on stream between 2025 and 2030.
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Commentary: Workplace child care in Gulf countries would help employed mums. What gets in the way?
As a result, it is much more efficient to have – hypothetically – two childcare facilities serving 30 children each than it is to have 10 childcare facilities serving six children each. Certainly, in the case of an office tower with thousands of employees, having a shared, building-level childcare facility is economically sound. However, for smaller workplaces such as a bank branch, a clothing store or a coffee shop – where many Gulf women work – mandating an establishment-level childcare facility is both costly and highly inefficient.
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Saudi oil giant spends well over a billion on ‘sportswashing,’ new report says
“Sportswashing isn't new,” Orr said, noting the practice was developed by Western oil companies to head off potential uprisings in local communities that were grappling with worker rights and public safety. “For decades, sports have been a very effective tool for selling things, from sports drinks to shoes, flights to cereal,” she added. According to the study, the sports that attract the largest sums include football, motor sports, rugby union and golf.
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Saudi Arabia is topper in region and 4th globally in UN digital services index
Saudi Arabia emerged topper in the region and fourth globally in the UN digital services index. The Kingdom jumped 25 places in the UN E-Government Development Index (EGDI) 2024, becoming one of the leading countries worldwide. It ranked second among G20 countries in the index. Additionally, the Kingdom secured 7th position in the e-participation index, while the city of Riyadh ranked 3rd among 193 cities worldwide.
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Saudi’s Aramco Digital announces multiple AI partnerships
Aramco Digital Company and Groq, a major name in the field of artificial intelligence (AI) inference, have announced a partnership to establish the world's largest inferencing data centre in Saudi Arabia. But it's far from the only recent AI news from the digital and technology subsidiary of Aramco, the giant global integrated energy and chemicals company.
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Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 bln into Egypt as ‘first stage’
The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund (PIF) to pump $5 billion worth of investment money into Egypt in what it called a "first stage". The statement came after Egyptian Prime Minister Mostafa Madbouly met the Saudi crown prince in Riyadh and discussed boosting bilateral relations. The statement contained no further details on when the funds are going to be invested, the nature of the investments or in how many stages the Saudi government is planning to make its investments.
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Transforming Saudi Arabia’s built environment
The MEPIC, MEP International Conference, and BEDIC, Building Envelope Design and Insulation Conference, started today showcasing the Kingdom's commitment to sustainability, innovation, and modernization in its built sector. These pivotal events brought together leaders from government, industry, and academia to explore the latest advancements in construction, energy efficiency, and smart building technologies—aligned with Saudi Arabia's Vision 2030.
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Tawaref series: Company formation in Saudi from A to Z
For a company to properly align itself in the Saudi market, it's crucial to implement these processes successfully. We find that sometimes even local Saudis struggle to grasp these concepts. Even one misstep can be costly in the long run, so we highly recommend hiring a knowledgeable lawyer/Saudi setup partner to guide you through the process.
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