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  • New Telecommunications and Data Protection Rules Taking Effect in Saudi Arabia

    The express goal of the Telecommunications Act is to promote digital transformation in the Kingdom and enhance the services provided within the ICT sector, particularly in light of recent exponential growth. At the same time, the new Telecommunications Act and ByLaws continue to require a license or authorization to provide certain communications or technology services in KSA and, in fact, they have effectively widened the scope of the CST’s regulatory jurisdiction to include additional technology and digital services. Whether these changes advance or hinder these policy goals, therefore, may ultimately depend on the burden created by the CST’s implementation practices.

  • Leading Travel Marketplace WINGIE Anticipates Up to 60% Expansion in Saudi Arabia’s Post-Eid Tourism Growth

    Following a busy Eid al-Adha and pilgrimage season, Saudi Arabia is maintaining its momentum with a surge in tourism. WINGIE, the leading travel marketplace in the MENA (The Middle East and North Africa) region, has observed a significant 57% increase in bookings to Saudi Arabia from international travelers compared to the previous year post-Eid, signaling a heightened interest in the country’s diverse attractions. The primary sources of these visitors include Egypt, Turkey, Germany, India, and the UAE, with the average cost of a flight being USD 207.

  • The Coming Israel-Hezbollah War

    In the days and weeks ahead, the Biden Administration will have a crucial role to play in averting war or limiting its worst outcomes, particularly in light of Iran’s threat to join the battle in Hezbollah’s defense. U.S. mediation can also provide diplomatic off-ramps once Israel and Hezbollah are prepared to explore a political settlement that could bring their fight to a close.

  • Saudi Aramco signs 20-year LNG supply deal with US energy firm Sempra

    Global trade in LNG reached 404 million tonnes last year – up from 397 million tonnes in 2022 – with tight supplies constraining growth, according to Shell's 2024 LNG outlook. Global LNG demand is estimated to rise by more than 50 per cent by 2040, driven by increasing industrial coal-to-gas switching in China and the use of more LNG in South Asian and South-East Asian countries to support economic growth, the February report said.

  • Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

    The National Debt Management Center in Saudi Arabia has announced the closure of the June 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated for this issuance was set at SAR4.414 billion ($1.17 billion). The Sukuk issuance was divided into three tranches. The first tranche has a size of SAR1.6 billion and matures in 2027. Additionally, the second tranche has a size of SAR53 million and matures in 2031. Meanwhile, the third tranche has a size of SAR2.761 billion and matures in 2034.

  • CNBC’s full interview with Saudi Arabia’s minister of economy

    Faisal Alibrahim, minister for the economy and planning for Saudi Arabia, discusses trade and tech opportunities with China.

  • Saudi Arabia’s legal sector braces for shake-up as govt mulls foreign ownership reforms for law firms

    Saudi Arabia’s legal community is abuzz with speculation almost two weeks after reports emerged on the kingdom mulling a move to potentially allow foreign-owned law firms to establish wholly-owned subsidiaries, experts told Arabian Business. This move could reshape the Saudi legal market and attract more international players to the region’s largest economy, potentially transforming the landscape of legal services in the Gulf’s most populous nation.

  • Saudi defense chief in China in bid for help with Houthis, boost military ties

    Grant Rumley, a senior fellow at the Washington Institute for Near East Policy, said that the reason for Prince Khalid's visit is Riyadh leaning on China to curb attacks by the Houthi rebels in Yemen on ships in the Red Sea. "China has leverage with Iran and has largely successfully protected its own interests vis a vis the Houthi attacks; the Saudis are likely hoping China will be able to apply some pressure on the group," Rumley told Al-Monitor.  

  • Saudi Women’s Quest For Change Enabled Them Earn Citizenship Rights

    “Far from being passive victims of their society, Saudi women are active agents who possess the tools and the necessary resilience that enable them to militate for their citizenship rights. This goes against prevailing stereotypes, especially in the West,” says Prof. Salhi.

  • Saudi announces winning bidders for 6 metal ore exploration sites

    The Saudi Ministry of Industry and Mineral Resources announced Wednesday preferred bidders for its fifth mining licensing round, with the bidders' total exploration spending across six mining sites exceeding 136 million Saudi riyals (about 36.25 million U.S. dollars). The tenders included the exploration rights of a variety of metal ores from regions covering 1,000 square km in total, the Saudi Press Agency reported. The ministry's spokesperson, Jarrah bin Mohammed Al-Jarrah, said the six sites, offered in the fifth round of the Saudi Exploration Competition, constitute the largest area the kingdom has ever recorded for a group bid.