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Deputy Crown Prince Mohammed bin Salman Meets Secretary Mattis at the Pentagon; Pledges Cooperation in Fight Against Daesh
Secretary of Defense Jim Mattis met with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman at the Pentagon yesterday following the Prince’s meeting with President Trump at the White House on Tuesday. “Secretary Mattis and the deputy crown prince affirmed the importance of the U.S.-Saudi Arabia defense relationship, and discussed the security environment in […]
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The Not-So ‘Vanishing Prince’: Saudi Crown Prince Mohammed bin Naif’s Busy Public Schedule and the Dangers of Saudi Kremlinology
‘Kremlinology’ originally applied to the attempt by outsiders to understand Russia’s political inner-workings. It can also describe any attempt to understand a secretive organization or process, and the Saudi royal family certainly fits this bill. Conclusions about the inner-workings of Saudi Arabia’s government and royal family based solely on appearance, rumor or sources that may […]
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Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]
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As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]
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King Salman Launches Month-Long Investment Tour in Asia
Saudi Arabia’s King Salman leaves Sunday for a month-long tour of key nations in Asia as the region grows in influence as an oil importer and potential investor in the Saudi economy. The King is expected to visit Malaysia, Indonesia, Japan and China. It is his first trip outside the Middle East and North Africa since […]
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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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‘I’ll always protect’ Saudi Arabia, former US President Trump says
Donald Trump has vowed to “always” protect Saudi Arabia if he is re-elected as US president during the upcoming elections in November. The former president and Republican nominee, who will run against Joe Biden in a few months, made his first trip abroad to Saudi Arabia after entering the White House in 2017.
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JinkoSolar to build 10GW n-type cell and module factory in Saudi Arabia
The facility will be built and financed through a joint venture (JV) between JinkoSolar Middle East, the Renewable Energy Localization Company (RELC) – a subsidiary of the state-run Saudi Public Investment Fund – and Vision Industries (VI), an investor in Saudi clean energy industrial projects and supply chains. Both JinkoSolar and RELC will hold 40% equity and VI the remaining 20%.
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NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration
The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf of the Kingdom of Saudi Arabia.
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Mideast missile duels have cost US Navy nearly $1B, secretary says
The U.S. Navy is nearly $1 billion in the hole after defending Israel from Iranian missiles last weekend and fighting off Houthi attacks on Red Sea shipping since October, the service’s secretary said Tuesday in a bid to convince House lawmakers to approve $95 billion in supplemental funding.
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Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen.
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Saudi Arabia is set to gain another stadium, amid a flurry of new builds and upgrades.
The New Murabba Development Company, which is owned by Saudi Arabia’s Public Investment Fund (PIF), today unveiled designs for the new venue. The 45,000-capacity stadium will be located in the Saudi capital of Riyadh and is anticipated to be complete by the end of 2032. The development company said the venue would feature “cutting-edge” sporting technology, while renderings show the stadium in football mode – suggesting that it could be used for the 2034 FIFA World Cup in Saudi.
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KAUST joins Saudi AgriFood Tech Alliance
The Ministry of Environment, Water and Agriculture announced the launch of the first Saudi AgriFood Tech Alliance with KAUST, a founding member alongside the Research, Development and Innovation Authority and Topian, the NEOM Food Company. The alliance aims to provide a platform to unite and mobilize a complementary network of food and agriculture stakeholders, catalyzing the national-scale deployment of AgriFood technological solutions.
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Saudi Arabia Ranks Second Among G20 in ICT Development for Second Year
The Kingdom of Saudi Arabia has secured the second position among the Group of Twenty (G20) countries for the second consecutive time in the 2024 ICT Development Index published by the United Nations International Telecommunication Union (ITU). The index tracks the digital development and progress of 170 countries in information and communication technology (ICT) services through sub-indicators divided into two axes: inclusive and effective communication.
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Saudi Arabia Announces Carbon Capture And Utilization Challenge For Startups
Saudi Arabia appears to be doubling down on carbon capture as part of its plans to create a circular economy. Last week the country’s Ministry of Economy and Planning (MEP) and Ministry of Energy (MoEnergy) unveiled the Carbon Capture and Utilization Challenge. The challenge invites startups from across the globe to present innovative approaches to reduce carbon emissions through sustainable system transformations. This includes advancements in carbon capture technologies, novel applications for carbon utilization, and industrial integration.
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‘Magic Rounds’: Saudi Pro League 2024-25 fixtures announced with revamped approach
The 306-match campaign kicks off on the weekend of August 22, when reigning champions Al Hilal will visit Al Akhdoud, which only secured its Pro League survival on the final day of the 2023-24 campaign – an achievement that sparked memorable scenes as coach Noureddine Zekri danced across the pitch.
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