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  • Saudi Private Sector Growth hits 11 Month High as Economy Adjusts to Reforms
     

    Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, Reuters reports, citing a monthly survey of companies. The positive private sector growth figure is “a sign that the economy may finally be recovering from austerity measures” imposed at the start of 2018 as part of the Kingdom’s economic reform plans, which […]

     
  • Senate Set to Vote On Measure to End U.S. Support Saudi Arabia in Yemen as Pompeo Pens Op-Ed Touting ‘Vital Partnership’
     

    The U.S. Senate is expected to vote on legislation as early as Wednesday that would end U.S. involvement in the Saudi Arabia-backed war in Yemen, as the Trump Administration continues to publicly express support for the U.S.-Saudi relationship. Politico reports that the bill introduced by Sens. Mike Lee (R-Utah) and Bernie Sanders (I-Vt.) “has gained support since […]

     
  • Trump Taps Gen. John Abizaid as U.S. Ambassador to Saudi Arabia
     

    President Trump has selected Retired Four-Star General John Abizaid to be the next U.S. Ambassador to Saudi Arabia. An experienced military leader who retired from the U.S. Army in 2007 after 34 years of service, Gen. Abizaid was head of the U.S. Central Command (CENTCOM). At the time of his retirement, Abizaid was the longest serving commander […]

     
  • Top Think Tank in Saudi Arabia Studying ‘Hypothetical World Without OPEC’
     

    Saudi Arabia’s King Abdullah Petroleum Studies and Research Center in Riyadh is studying what happens to oil markets in a hypothetical world without OPEC, according to the Wall Street Journal and other reports. The study does not represent government thinking or any active discussions about OPEC within the Saudi government. “We’re looking at what happens if […]

     
  • Severe Weather, Rains Across Saudi Arabia Kill 14
     

    Damaging rains and floods have killed 14 people in Saudi Arabia in recent days as officials say the weather across the Kingdom this year has been among the most severe in decades. The heavy rain has affected 13 areas of the Kingdom, the Saudi Press Agency reported. Since Oct. 19, the Command and Guidance Center in […]

     
  • Blackstone Establishes Energy Investment Vehicle for MENA Region
     

    Blackstone, the world’s largest buyout group with over $15 billion of equity globally with the energy industry has established Zarou, a company designed to develop, finance, construct and operate energy-related projects in the MENA region. According to the Financial Times, Blackstone will team with Sameh Shenouda, former head of infrastructure equity investments at the UK’s development finance […]

     
  • Global Advisory Board for NEOM Includes Diverse Experts
     

    The Saudi government has appointed a global advisory board for Neom, the kingdom’s $500 billion city of the future planned for Saudi Arabia’s northwest coast near Egypt on the Red Sea. The board is composed of experts in a variety of sectors – including urban planning, architecture, design, technology, sustainability, energy and manufacturing – to provide […]

     
  • Oil Reaches Four Year High after OPEC+ Downplays Calls for Increased Production
     

    Oil rose to its highest price in four years on Tuesday, to above $81 on Brent, after Saudi Arabia and Russia appeared to downplay calls from the US to increase production. Saudi Arabia said it will boost its crude oil production “in the coming months” as it expects stronger demand, according to recent comments made by […]

     
  • Saudi Energy Minister Khalid Al-Falih in Washington Today to Meet with Secretary Perry
     

    Saudi Arabia’s Energy Minister Khalid Al-Falih is in Washington D.C. on Monday to meet with Secretary of Energy Rick Perry, according to a Reuters report which cited a Trump administration official and the Department of Energy. Saudi Arabia has markedly increased oil exports to America in recent months, according to Bloomberg. This weekend, the energy minister […]

     
  • Aramco Officials Begin Early Talks with Banks for SABIC Stake Financing, Report Says
     

    Saudi Aramco officials began early talks with banks about a potential debt financing of up to $70 billion to back its acquisition of a majority stake in Saudi petrochemical firm Sabic, Reuters reports, citing banking sources. JPMorgan and Morgan Stanley were picked to advise on Saudi Aramco’s plan in July. Aramco is looking at the 70% strategic stake in Sabic which […]

     

MUST-READS

  • Cristiano Ronaldo closes in on Saudi record after scoring perfect hat-trick for Al Nassr

    Cristiano Ronaldo scored a perfect hat-trick on Saturday evening to continue his prolific season as Al Nassr thrashed Al Wehda 6-0 in the Saudi Pro League.

    Already clear in the SPL's top scorer standings, Ronaldo took his tally to 32 goals in 31 games – and 41 in 40 matches in all competitions – with his 66th career hat-trick.

    Ronaldo opened the scoring at Al Awwal Stadium in the fifth minute when Wehda goalkeeper Munir Mohamedi's poor clearance found the Nassr captain on the edge of the area. The Portuguese forward brought the ball into the box and curled a right-footed effort into the bottom corner.

  • Saudi Arabia’s Flyadeal considering new Airbus jet order amid route expansion plans

    Saudi Arabia's budget airline Flyadeal is considering placing an order for more single-aisle Airbus aircraft and upgrading its existing order of 50 narrow-body jets, as it seeks to grow its international route network.

    Flyadeal, an all-Airbus fleet operator, is looking into converting its existing order of A320 Neos and A321 Neos to higher specification aircraft, Steven Greenway, the new boss of the no-frills carrier, told The National.

    The potential modification will increase the maximum take-off weight, improve the performance of the jet engines and secure the so-called ETOPS certification that allows for longer flights over water.

  • Saudi students among global winners in Apple’s developer program

    Two students from Saudi Arabia are among the global winners in Apple’s developer programme, highlighting the region's potential in the growing technology segment.

    Jawaher Shaman, the creator of the My Child app that assists people with speech conditions, is among the top three “distinguished winners” of the Swift Student Challenge, joining Elena Galluzzo from Canada and US-based Dezmond Blair.

    A total of 50 distinguished winners were chosen, from a pool of 350 winning submissions, and they have been invited to attend Apple's annual Worldwide Developer Conference, which runs from June 10 to 14 at its headquarters in California.

  • Commentary: The longshot plan to end the war in Gaza and bring peace to the Middle East

    “The Saudis have a global and regional leadership role in the Islamic world that the others don’t have,” said Hussein Ibish, senior resident scholar at the Arab Gulf States Institute in Washington. “They have [more than] 30 million people and a lot of regional factions and divisions, so they have to worry about their internal political stability as well as their Arab leadership role.”

  • Despite Oct. 7, Netanyahu is determined to run for reelection, and certain he can win

    Netanyahu believes that Israel is in the midst of a war that will last for many years to come and that only he is fit to lead this challenge. More than that though, he is convinced that he will win an election — perhaps in the coming months — if a proposal for a hostage deal comes to a vote and wins the expected majority it needs to pass.

  • The Emergent Gulf Sovereign Wealth Fund-Global Tech Nexus

    These efforts are not just garnering global attention but also – in some cases – paying off. On April 15, Microsoft announced a $1.5 billion strategic investment in G42 for a minority stake and Microsoft’s vice chair and president, Brad Smith, joining the Emirati company’s board. At Saudi Arabia’s annual tech-focused LEAP conference, Amazon Web Services announced plans to spend $5.3 billion to create a new infrastructure region in the kingdom. Gulf countries are racing to build data centers with the help of local, Asian, and Western companies.

  • Perspective: Unfairly Maligned? The Cost of Mediation on Qatar-U.S. Relations

    Moreover, many of Qatar’s past actions toward Gaza that voices within the United States and Israel now denounce were implemented at the behest of officials in Washington and Tel Aviv. A look back at Qatari mediation in Gaza over the past decade could remind U.S. policymakers of Qatari maneuverability in the region when crises erupt.

  • Saudi Arabia’s Deserts have been turning green around the Holy Cities

    After heavy rains, parts of Saudi Arabia’s desert near Mecca and Medina have turned green. This transformation, particularly in the West, is due to excess water, leading to the growth of grass and plants. Photos show camels grazing on fresh grass, and once arid areas are now vibrant with color. This unusual sight has also been visible from NASA satellites.

  • Saudi Arabia’s non-oil business activity growth steady in April

    Saudi Arabia's non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output.
    The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.0 in April, the same as March, and well above the 50.0 mark denoting expansion in activity.
    The Output subindex retreated slightly to 61.9 in April from a six month high of 62.2 the previous month, but continued to reflect strong demand conditions, with Wholesale & Retail registering the strongest expansion in output.

  • Saudi PMI stabilizes at 57 points in April, business activity up sharply

    The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia PMI, kept unchanged at 57 points in April 2024.   The non-oil private sector saw a strong operational improvement in April.   Meanwhile, business activity hit sharply at the beginning of the second quarter, according to sub-sector data, the wholesale and retail businesses witnessed the strongest expansion in output.