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Oil in Downward Spiral as Global Markets Push Prices to Fresh Lows
Recent turmoil in global markets, originating in China and spreading to markets globally, have put added pressure on an already battered price of oil as investors look for the bottom. Oil has fallen by about $60 in the last year, and instability in markets this week has increased downward pressure on the commodity with a 6% […]
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Saudi Arabia’s Women are Registering to Vote for the First Time Ever
Voter registration for women began in the parts of Saudi Arabia this last weekend in a milestone for women’s rights. The first registered women voters in Saudi Arabia comes four years after King Abdullah announced that women will be granted equal voting rights. “The participation of the Saudi women in the municipal elections as voters and […]
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Saudi Oil Exports Boosted to Record Numbers as IMF Urges Fiscal Policy Changes and Greater Economic Diversification
Saudi Arabia’s oil exports rebounded in June from a five-month low as the largest OPEC producer boosted output to a record, Bloomberg reports. Exports climbed to 7.37 million barrels a day from 6.94 million barrels in May, according to JODI data. Saudi Arabia told OPEC its June production was a record, exceeding a previous all-time high set in […]
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Saudi Super Cup in London Brings Saudi Football Fans a Taste of Home Sport in the United Kingdom
Saudi Arabian football clubs Al-Nassr and Al-Hilal squared off in the King’s Cup, the championship of the Saudi Professional League, in the United Kingdom to the delight of Saudi nationals in the UK. The UK print and online newspaper The Guardian noted that while the quality of the game may not have compared to the English Premier League gold standard, […]
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Crown Prince Naif Visits Site of ISIS Attack as Leadership Vows Action Against ‘Criminals’
Last week’s mosque attack in the Asir region of Saudi Arabia will not divide Saudi Arabia, Crown Prince Naif said as he visited the site of the massacre. “The terrorist bombing revealed the extent of hatred of these criminals as well as their disregard for the sanctity of God’s houses and the lives of innocent people, […]
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U.S. State Department OKs Sale of 600 Patriot Missiles, Ammunition and Arms to Saudi Arabia
The U.S. State Department today approved the sale of 600 patriot missiles to Saudi Arabia at a cost of $5.3 billion, according to reports. The additional additional PAC-3 missiles for Saudi Arabia will be built by Lockheed Martin Corp. “The Kingdom of Saudi Arabia has requested a possible sale of six hundred (600) Patriot Advanced Capability-3 […]
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Deputy Crown Prince Mohammed bin Salman Orders Aid to Yemen as Gains for Saudi-backed Forces Continue
Saudi-led coalition land forces operating in Yemen have seen gains in recent weeks following the initiation of Operation Golden Arrow to recapture the city of Aden on July 16, according to DefenseNews.com. Saudi Arabia’s Brig. Gen. Ahmed Al-Assiri told Al-Arabiya television in an interview on July 22 that “[Saudi] are supporting the legitimate corps in the […]
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Defense Secretary Ash Carter in Saudi Arabia to Meet with King Salman, Deputy Crown Prince Mohammed bin Salman
Secretary of Defense Ash Carter met today with King Salman and his defense minister, Deputy Crown Prince Mohammed bin Salman, in Jeddah on the Red Sea coast to reassure Saudi Arabia about U.S. commitment to their security. Secretary Carter is also slated to meet with GCC military officials, per remarks made by Saudi Foreign Minister Adel Al-Jubeir […]
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Saudi Arabia’s King Salman’s Outreach to Hamas Leader Seen as Widening Effort to Counter Iran through Arab Unity
King Salman’s historic meeting last Friday with Hamas leader Khaled Meshaal “was part of an effort by Riyadh to shore up Arab unity in the face of a perceived threat from Iran that it believes has become more urgent since last week’s nuclear deal,” writes Angus McDowall in Reuters. Meshaal, who was on pilgrimage to […]
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How Saudi Women are Finding a Way in the Workforce
Saudi women’s successes in the workforce represent “evidence of a slow but seismic shift” in Saudi society with entrepreneurs and career professionals finding ways toward career success in the Kingdom, according to a feature story by Alexandra Zarvis in the Los Angeles Times. “No matter how successful we are, no matter how much we achieve, the […]
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MUST-READS
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Will Biden enable Pakistani energy imports from Iran?
Ebrahim Raisi has traveled to Pakistan, marking the first trip by an Iranian president to the country’s eastern neighbor in over eight years. Iranian state media have focused on the potential economic benefits of the visit, which could involve a deal on the completion of a stalled gas pipeline opposed by the US. If Islamabad fails to complete its section of the pipeline, it could face Iranian legal action potentially resulting in 18B USD in fines.
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No Soft Power Shake-Ups for Now
President Joe Biden may not have fully restored the image of the U.S. abroad, but it is in better condition now than it was under his predecessor and likely rival in the November election.
A new Gallup report based on surveys in over 130 countries and territories shows that the median global approval rating of U.S. leadership stood at 41% in 2023, down from 45% during Biden’s first year in office but unchanged from his second.
Historically, the 41% approval rating is lower than all but one of the ratings under President Barack Obama but is higher than any of those under Presidents Donald Trump and George W. Bush. -
Israel gears up for Rafah civilian evacuation ahead of promised assault
Israel has procured tens of thousands of tents for Palestinian civilians it intends to evacuate from Rafah in the coming weeks ahead a promised assault on the city it sees as the last bastion of Hamas in the Gaza Strip, Israeli sources said on Wednesday.Abutting the Egyptian border, Rafah's population has been swollen by more than a million Palestinians who fled the half-year-old Israeli offensive through the rest of Gaza.
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Saudi Arabia’s Policy Shifts Open New Doors for Global Investors
The enduring popularity of mocktails is expected to persist, with a considerable number of individuals choosing to refrain from alcohol consumption due to religious beliefs, regardless of any potential changes in alcohol regulations. Ensuring a sustained market for high-quality mocktails and non-alcoholic alternatives.
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Saudi Arabia is becoming a hot spot for global technology manufacturing with sustainable practices in mind.
AI and industry 4.0 technology presents an unprecedented opportunity for manufacturers to transform their operations. The market for industry 4.0 technology is expected to reach $327.8 billion by 2030, as manufacturing companies deploy AI, robotics, and other technologies for automation, increased efficiency, and other benefits. At the same time, manufacturers are looking to improve sustainability in their operations, and are looking for greater resilience and flexibility in their supply chains.
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Prince Faisal: Saudi Arabia is more optimistic about regional stability and security
Foreign Minister Prince Faisal bin Farhan said that Saudi Arabia is more optimistic about the stability and security of the countries in the region. He said that the Kingdom’s vision pushes towards the development, reconstruction and stability of the region and not toward unrest. The minister made the remarks while speaking to Al-Arabiya/Al-Hadath on the sidelines of the first high-level EU-GCC Forum on Regional Security and Cooperation held in Luxembourg.
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What does EU visa relaxation for Saudi, Bahraini, Omani citizens mean?
Under the new rules, Bahraini, Omani and Saudi Arabian nationals will be eligible for multiple-entry visas, allowing them to visit the Schengen area (the EU’s 27 member states as well as Bulgaria and Romania) and move freely between them.
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Updates On Saudi Arabia’s Regional Headquarters Program
The multinational company must start RHQ operations within six (6) months after its RHQ license is granted and it must establish three (3) optional activities chosen in the first year of the license operation.
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Top US diplomat to visit Saudi Arabia this weekend following China trip
The top US diplomat is scheduled to visit Saudi Arabia this weekend, diplomatic sources told Al Arabiya English on Tuesday.
Sources said Secretary of State Antony Blinken, who will travel to China this week, is expected to attend the World Economic Forum in Riyadh and may hold bilateral meetings on the sidelines.
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Saudi Arabia airline Flynas confirms plans to launch IPO this year
Saudi Arabia's low-cost airline Flynas on Tuesday confirmed plans to list its shares on the Tadawul stock exchange this year, amid the kingdom's ambitions to grow its aviation sector and a boom in initial public offerings in the country.
Flynas, which is backed by billionaire businessman Prince Alwaleed bin Talal, recorded a 32 per cent annual increase in revenue to reach 6.3 billion Saudi riyals ($1.68 billion) in 2023, its chief executive Bander Al Mohanna told the Airline Economics conference in Riyadh.
The carrier revealed its financial results for the first time ahead of the anticipated IPO.
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