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  • Saudi Arabian Government Looking To Partner With Iowa Farmers On Imports

    Saudi Arabia imported almost $300 million in corn and $120 million in soybeans from the U.S. in 2018, the majority of which came from Iowa, Bakir said.

  • Saudi Red Sea cruise spotlights pristine coasts and sites of tourism megaprojects the kingdom is building to diversify its economy

    Sailing past pristine islands and turquoise lagoons, the first cruise ship offering Saudi tours serves a twin purpose – jump-starting tourism despite coronavirus fears and showcasing austerity-defying megaprojects planned along the Red Sea.

  • Why Saudi Arabia now uses plastic banknotes

    There are a few good reasons to go from paper to plastic. For one, polymer banknotes last 2.5 times longer than paper money, and are incredibly difficult to forge. The Saudi Monetary Agency has said that the five Riyal note has been printed to the highest standards, including ‘high-quality security’ stamps and markings. Another positive to plastic bank notes that might be of particular use in The Kingdom is the fact that they can withstand extreme temperatures.

  • Saudi Arabia must focus on own interests, national security while serving Palestinian cause – Prince Bandar

    In the final episode of a three-part interview with Saudi-owned Al Arabiya television aired on Wednesday, Prince Bandar once again criticised Palestinian leaders. “We are at a stage in which rather than being concerned with how to face the Israeli challenges in order to serve the Palestinian cause, we have to pay attention to our national security and interests,” he said.

  • Saudi Arabia: leading online purchases of grocery products 2020

    According to a survey conducted during the first week of April 2020 in Saudi Arabia, dairy products was the most preferred grocery product by online consumers, at 69 percent of respondents. The COVID-19 pandemic has changed the shopping behavior of Saudis, with more consumers shifting towards online shopping. Around half of Saudi respondents in another survey conducted in the Middle East and North Africa region claimed that they have used online shopping more frequently since the outbreak.

  • Saudi Arabia’s digital transformation helping to fuel housing market growth

    Al-Hogail said that where the ministry used to lend to 20,000 home buyers each year, it now lends to 20,000 each month. He said the Saudi Arabian Monetary Authority had played a major role in the growth of home ownership by reducing the minimum down payment required for property purchases from 30 percent of the purchase price to just 10 percent.

  • Saudi Staycations Lay Bare Obstacles to Kingdom’s Tourism Drive

    Ahmad Hamid usually spends his summers partying in London nightclubs. Stranded at home in Jeddah this year because of the coronavirus pandemic, he and his friends opted instead to vacation a short drive away in this ancient village on the Red Sea coast. “We spent our days island hopping and snorkeling, and at night we had barbecues and played music around a campfire,” said Mr. Hamid, a 30-year-old logistics operator. He rarely strayed from the pop-up campsite because the surrounding area offered little in terms of diversions: Umluj has just one dive shop, few restaurants or cafes and zero nightlife. “It would be nice to go out and walk around and meet people like when we travel abroad,” he said.

  • Perspective: Everything You Think About the Geopolitics of Climate Change Is Wrong

    Most Gulf Arab states are very efficient producers: With easy-to-extract barrels, less methane leakage, and lower flaring rates, they have some of the lowest life cycle emissions associated with their oil. Therefore, even as oil demand declines, OPEC’s share of global production could rise as a result of its members’ lower costs and emissions, strengthening the cartel’s grip on a market that will remain sizable for some time.

  • Saudi Aramco assigned Aaa.sa rating by Moody’s reflecting the company’s strength

    Saudi Aramco benefits from an “exceptional operational scale, significant downstream integration and strong financial flexibility given its low cost structure and low leverage relative to cash flows”, Moody’s said in a statement late on Wednesday. “This provides resilience through oil price cycles.”

  • U.N. calls for halt to clashes near Yemen’s Hodeidah port

    The United Nations on Thursday called for an immediate end to clashes near Yemen’s main port of Hodeidah after a surge in fighting that sources said have killed dozens of people despite a U.N.-sponsored ceasefire in place in the area. Hodiedah governorate has seen sporadic, limited fighting since the truce was agreed in late 2018 but intense clashes broke out this week between forces from the Iran-aligned Houthi movement and those allied with Yemen’s Saudi-backed government around al-Durayhimi city and the nearby town of Hais.