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Milestones in Saudi Arabia as Women are Appointed to Head the Kingdom’s Stock Exchange, Major Newspaper for the First Time
For the first time in Saudi Arabia, a woman will head up the Kingdom’s stock exchange and one of the country’s daily newspapers as incremental progress toward equality for women continues. The appointment of Sarah Al-Suhaimi to chair the Saudi stock exchange, or Tadawul, is in line with an ambitious economic and social reform program […]
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Photos Show Severe Floods Hitting Saudi Arabia’s Asir Region
At least one person was killed and hundreds rescued on Wednesday after severe flooding in Saudi Arabia’s Asir region. Videos and photos emerging online of the floods show fast-moving currents sweeping away cars and motorists stranded in water. Saudi Arabia’s Civil Defense said that 10 others were injured and over 280 people were rescued while dealing with […]
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In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]
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Russia Takes Title of Top Oil Supplier to China for the First Time Ever in 2016; Unseats Saudi Arabia
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market, Bloomberg reports. The recent takeover as top supplier to China comes as analysts parse comments made by Saudi Arabia’s Minister of Energy and Natural Resources Khalid al-Falih […]
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For Saudi Arabia’s 2017 Budget, Jadwa Investment Sees ‘Expansionary Fiscal Stance’
Saudi Arabia unveiled its 2017 budget last week with a budgeted SR890b ($237.2b) in spending, which is a SR50b ($13.3b) increase over the 2016 budget of SR840b ($223.8b). In a note sent to investors, Riyadh-based Jadwa Investment released a report outlining Saudi Arabia’s efforts to reduce its deficit despite the increase in spending. Based on revenues […]
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Saudi Arabia’s SIDF Gets New Investment Muscle to Enter New Industries
Saudi Arabia’s Energy Minister Khalid al-Falih said that Saudi Arabia plans to boost the capital of the Saudi Industrial Development Fund (SIDF) by SAR6bn ($1.6bn) to help finance the kingdom’s entry into new industries. The additional planned allocation would be on top of the SAR3bn ($800m) of capital recently injected in the fund, Falih said, […]
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‘Shamoon’ Comeback: Several Saudi Government Agencies Attacked by Malware from Iranian State-Sponsored Hack
State-sponsored hackers have reportedly conducted a series of destructive malware attacks on Saudi Arabia over the last two weeks, including erasing data and wreaking havoc in the computer banks of the agency running the country’s airports and hitting five additional targets, Bloomberg reports. U.S. security firms said that a version of Shamoon, the computer virus […]
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Saudi Prince Alwaleed bin Talal: ‘Stop the Debate…It’s Time for Women to Drive’ in Saudi Arabia
In a 4-page essay entitled, “It’s High Time Women Started Driving Their Cars,” billionaire Saudi businessman Prince Alwaleed bin Talal urged an end to the debate about women’s driving in Saudi Arabia. The essay is as much a short treatise on modern Saudi feminism and the progress of women’s rights in the Kingdom as it […]
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Saudi Arabia Begins to ‘Inject Large Amounts of Money Into Economy’ to Boost Growth
Saudi Arabia’s government has begun “injecting large amounts of money into the economy to boost growth at the end of this year after a sharp slowdown due to low oil prices,” Reuters reports citing Saudi Central Bank data. After raising $17.5 billion last month in its first international bond issue, Saudi Arabia “did not hold that […]
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Government Makes Payments to Construction Companies as MMG Sends Letter to Deputy Crown Prince Warning of Operations Halt
Saudi Arabia has reportedly made good on $10.7 billion that it owed to private sector companies, according to Arab News, but one construction firm said on Monday that it wrote directly to the Deputy Crown Prince warning it may need to cease operations. Mohammad Al Mojil Group (MMG) said in a short statement through Saudi […]
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MUST-READS
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How Saudi Arabia’s plans to increase base metals production, consumption will affect markets
The country’s ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries, sources said. Meanwhile, Manara Minerals’ investment in Vale’s base metals unit could lead the firm’s nickel production to increase to 3000,000 tpy from around 175,000 tpy, according to Vale.
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Israeli Official Describes Secret Government Bid to Cement Control of West Bank
Israeli judges have long ruled that Israel’s control of the territory is a temporary military occupation and complies with international law. A powerful minister’s recent speech, caught on tape, suggested the government is trying to change that.
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Opinion: Saudi Arabia’s Unwavering Support For Palestine
The religious significance of Palestine, particularly Jerusalem, also plays a crucial role in Saudi Arabia’s stance. As the custodian of the two holiest sites in Islam, Mecca and Medina, Saudi Arabia holds a unique position within the Muslim world. Jerusalem, home to the Al-Aqsa Mosque, the third holiest site in Islam, holds profound religious importance for Muslims worldwide. Saudi Arabia’s commitment to protecting and preserving Islamic heritage in Jerusalem underscores its broader support for Palestinian sovereignty.
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Saudi health minister says 1,301 people died during Hajj
Saudi Arabia’s health minister said on Sunday the death toll during this year’s Hajj pilgrimage reached 1,301. Speaking to state television, Fahd al-Jalajel said that 83 percent of the deceased were pilgrims who had undertaken the journey without the necessary permits.
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Saudi delegation in US to explore expanding trade and investment opportunities
A Saudi delegation, headed by the Saudi General Authority of Foreign Trade under the chairmanship of Deputy Governor of the Authority for International Relations Abdulaziz Alsakran, is participating in the 8th Saudi-US Trade and Investment Council Meeting (TIFA), which began in Washington, D.C., on Sunday. Officials from 20 government entities are participating in the event, which will conclude on June 28. The Council aims to monitor trade and investment relations to identify opportunities to further expand trade and investment, as well as to work to remove barriers to trade and investment flows, foster a promising trade and investment environment, and promote economic development between the two countries.
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Saudi Arabia announces 3-term school year with 8-week vacation
The 2024-25 academic year will feature a three-term system for public schools, including an eight-week summer vacation, the Saudi Press Agency (SPA) reported. The first term will begin on Sunday, August 18, 2024, the second term will begin on Sunday, November 17, 2024, and the third term will begin on Sunday, March 2, 2025, ending on Thursday, June 26, 2025.
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How Sports Are Making Saudi Arabia Look Better Than Ever
This spotlight has also largely succeeded in redefining narratives of Saudi Arabia's reputation abroad in countries like the United States, where long-standing concerns over the nation's human rights situation have been substantially diluted as Riyadh bears the soft power fruits of its multibillion-dollar push to attract foreign fans, talent and events.
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Saudi border guards foil smuggling attempts near Jazan
Border Guard land patrols have foiled an attempt to smuggle 135 kilograms of qat in Al-Dayer sector of Jazan Region. Also in Jazan region, border police thwarted an attempt to illegally transport 160 kilograms of qat in Al-Ardah. Legal procedures were followed, and the seized items were handed over to the concerned authority. Meanwhile, two Pakistani residents attempting to sell 4.7 kilograms of methamphetamine in Jeddah. The individuals were referred to the Public Prosecution for legal action.
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Iran election: Young voters’ divide over 2022 protests shapes presidential race
Atousa joined angry protests against Iran's rulers in 2022 that loyalists like Reza helped crush. Two years on, the two young Iranians' political views remain at odds, reflecting a rift that will shape the outcome of presidential elections this week. Now 22, Atousa says she will abstain from voting in Friday's ballot to choose a successor to Ebrahim Raisi after his death in a helicopter crash, regarding the exercise with derision.
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How children starve
Nearly 166 million people worldwide are estimated to need urgent action against hunger, according to the Integrated Food Security Phase Classification (IPC), a global partnership which measures food insecurity. That includes nearly everyone in the Gaza Strip, where the Israeli military launched an offensive in October following an attack on Israel by Hamas militants. More than one million of Gaza’s inhabitants face the most extreme form of malnutrition – classified by the IPC as ‘Catastrophe or Famine.’
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