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  • Saudi-led Coalition in Yemen Announces Capture of Islamic State Leader in Yemen
     

    Saudi special forces, with assistance from the United States, have captured the leader of the Yemeni branch of the Islamic State militant group, according to the Saudi-led military coalition fighting in Yemen and reported in Reuters. The leader, Abu Osama al-Muhajer, as well as other members of the organization including its chief financial officer, were […]

     
  • U.S. Special Representative for Iran, Saudi Arabian Deputy Defense Minister Prince Khalid bin Salman Meet in Jeddah
     

    U.S. Special Representative for Iran Brian Hook met with Saudi Arabian Deputy Defence Minister Prince Khalid bin Salman in Jeddah on Friday, the minister said in a tweet. Hook and Prince Khalid discussed recent attacks in the region. “Pleased to meet with United States Special Representative for Iran Mr. Brian Hook to explore the latest efforts to […]

     
  • Saudi Arabia’s Saudia Airlines Spends Big at Paris Airshow
     

    Saudi Arabian flag-carrier Saudia announced at the Paris Airshow that it is expanding its existing order of Airbus A320neo family of plans from the current number of 35 “to as many as 100, including 35 options,” according to reports. The airline disclosed three years ago that it was taking 35 A320neo-family jets, including A321neos. The “neo” at the […]

     
  • U.S. Senators Preparing Legislation Seeking to Block Trump’s Plan to Sell $8b in Weapons to Saudi Arabia, UAE and Jordan
     

    Members from both parties in Congress are preparing legislation seeking to block President Trump’s plan for $8.1 billion in weapons sales to Saudi Arabia, the UAE and Jordan, according to reports. Last month, The Trump administration declared an emergency to bypass Congress and expedite billions of dollars in arms sales to several countries, citing the need to deter what it […]

     
  • Leaders Arrive in Saudi Arabia for Two Summits as Tensions Run High Over Iran
     

    Saudi Arabia began hosting Arab leaders for two emergency summits starting today after attacks this month on oil assets has heightened tensions with Iran, according to reports. Riyadh hopes the meetings will deliver a strong message to Iran that regional powers will defend their interests against any threat after this months attacks, Reuters reports. Saudi Arabia’s Minister of […]

     
  • Economy Update: Prices cool down after a year of reforms
     

    The latest official government figures on inflation for Saudi Arabia show a decline in prices after a year of reforms, according a recently released report by Jadwa Investment. Over the last year, Saudi Arabia has introduced a number of reform measures, including the introduction of a VAT, utility price reform, and other changes. The latest General […]

     
  • Saudi Arabia’s SALIC invests in crop analytics firm Hummingbird Technologies
     

    The Saudi Agricultural and Livestock Investment Company (SALIC) announced it was leading a £7m ($8.8m) funding round of investments into artificial intelligence startup Hummingbird Technologies, according to the company. Hummingbird, which was set up in 2016, uses drone and artificial intelligence to provide advanced crop analytics to farmers. Hummingbird, using imagery and data analytics from satellite, drone, plane […]

     
  • Oil Soars as Two Saudi Oil Tankers Among Four Attacked off UAE Coast
     

    Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates, Reuters reports, with a total of four vessels being impacted by an attack. The UAE said on Sunday that four commercial vessels were “sabotaged” just outside the Strait of Hormuz. It did […]

     
  • Saudi Government Revenue Surges Nearly 50% in Q1
     

    Government revenue surged to SR245 billion ($65 billion) the first quarter of this year, an increase of 48 percent year-on-year, according to recent data revealed by Jadwa Investment. Both oil and non-oil revenue saw sizable rises. Government oil revenue rose by 48 percent, to SR169 billion ($45 billion), and was boosted by a SR124 billion ($33 billion) dividend […]

     
  • Senate Fails to Override Trump Veto on Yemen War
     

    The Senate on Thursday fell short of the votes needed to override President Trump’s veto of legislation demanding an end of U.S. support for the Saudi-led military coalition operating in Yemen. The resolution passed in the House and Senate would have ended all U.S. involvement with the Saudi Arabia-led coalition in the war in Yemen. It marked […]

     

MUST-READS

  • Saudi Arabia ‘conservative’ on oil revenue as it pares back Vision 2030 plans

    Speaking at the Qatar Economic Forum in Doha on Tuesday, Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices. "We are not complacent; obviously we need to push through the momentum of reforming and transforming our economy, but we see the results," he added.  

  • Sunak: British, Saudi trade exchange crosses $21 billion

    British Prime Minister Rishi Sunak revealed that trade exchange between the United Kingdom and Saudi Arabia exceeded 17 billion pounds ($21 billion). “Today we are launching the next phase of the deep and growing partnership between Saudi Arabia and the United Kingdom. Over the next two days, we will hear from Saudi leaders and companies about how to make Vision 2030 a reality, and the tremendous opportunities it presents to all of us,” he said while addressing, through a video conference, the opening session of the GREAT Futures Initiative Conference, which kicked off at the King Abdullah Financial District in Riyadh on Tuesday.

  • Saudi Arabia expands PPP pipeline

    Speaking at the MEED Mena Construction Summit in Riyadh, Badr said that NCP has a “healthy pipeline” of over 200 approved projects in different stages of development. He noted that another 300 projects are currently under review. It is understood that the pipeline includes more than 180 schools, following the award of contracts to develop and operate 60 schools each in Jeddah and Medina in 2020 and 2022. “New sectors like healthcare and education have been opened up for public-private partnerships beyond the traditional water and power sectors,” said Badr.

  • Seven and Qiddiya combine to form Saudi entertainment giant

    Saudi Entertainment Ventures (Seven) and Qiddiya Investment Company (QIC) are combining to become a lifestyle and entertainment giant in Saudi Arabia. Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya, which remains wholly owned by the PIF. By transferring ownership of Seven to Qiddya, the PIF aims to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector.

  • Saudi Arabia Diversifying Air Defenses And Boosting Local Industries

    Lockheed Martin awarded two subcontracts to Saudi Arabia’s defense industry in February. Under these subcontracts, Saudi companies will manufacture the interceptor canister and missile round pallet for the Terminal High Altitude Area Defense system. These subcontracts make Saudi Arabia the first country outside the United States to produce THAAD components locally.

  • Unemployment rate in Saudi Arabia’s labor market at 8.6 percent, women’s participation reaches 34.2 percent

    The unemployment rate dropped from 12.8 percent in 2017 to 8.6 percent in the third quarter of 2023

  • Saudi cement sales up 13% YoY in April

    Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement dispatches in April stood at 2.92Mt, compared to 2.6Mt in the same month in the previous year, due to the base month having 11 extra days of Ramadan. The 18.4 per cent MoM decrease was due to the Eid Al-Fatir holidays. Total cement and clinker exports in April 2024 came in at 554,000t, down 30 per cent on the 790,000t seen in April 2023.

  • Biden Moves Forward on $1 Billion in New Arms for Israel

    The Biden administration notified Congress on Tuesday that it was moving forward with more than $1 billion in new weapons deals for Israel, U.S. and congressional officials said, a massive arms package less than a week after the White House paused a shipment of bombs over a planned Israeli assault on Rafah.

  • For Netanyahu, Gaza’s ‘day after’ must wait

    A segment of Israeli society is furious with Netanyahu over his seeming unwillingness to prioritize the release and repatriation of dozens of Israeli hostages remaining in Hamas captivity in Gaza, where Israel has carried out more than a half-year-long relentless military campaign. Families and friends of the hostages staged an alternative “torch-dousing” ceremony to convey their rage and disquiet.

  • Jordan foils arms plot as kingdom caught in Iran-Israel shadow war

    Jordan has foiled a suspected Iranian-led plot to smuggle weapons into the U.S.-allied kingdom to help opponents of the ruling monarchy carry out acts of sabotage, according to two Jordanian sources with knowledge of the matter.
    The weapons were sent by Iranian-backed militias in Syria to a cell of the Muslim Brotherhood in Jordan that has links to the military wing of Palestinian group Hamas, the people told Reuters. The cache was seized when members of the cell, Jordanians of Palestinian descent, were arrested in late March, they said.

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