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  • Green Bonds Are Flourishing in the World’s Hydrocarbon Hub

    In a region known for oil wells, tankers and sprawling natural-gas plants, green bonds might raise some eyebrows. But when Saudi Electricity Co. and Qatar National Bank sold notes this month designed to fund projects including environmentally friendly buildings, smart meters and infrastructure for distributing renewable power, investors piled in.

  • Kuwait Gets First Moody’s Downgrade Over ‘Liquidity Risks’

    Kuwait was downgraded for the first time by Moody’s Investors Service, a decision the ratings agency said reflects the increase in the government’s “liquidity risks.” The sovereign credit rating was cut two levels to A1, the fifth-highest investment-grade level and on par with China and Saudi Arabia, according to a statement on Tuesday. Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings, which lowered its own assessment of the country in March for the first time ever.

  • In Pictures: Saudi Arabia’s 90th National Day celebrations

    Massive air show, dazzling fireworks, and concerts across the country

  • Saudi Arabia says any nuclear deal with Iran must preserve non-proliferation

    Saudi Arabia said that any nuclear deal with Iran has to preserve non-proliferation and continue efforts aimed at making the Middle East a zone free of mass destruction weapons, state news agency SPA reported on Tuesday. The agreement “has to address Iran’s destabilising behaviours and its sponsorship of terrorism in the region to prevent it from any provocative actions in the future” it said in a statement issued after weekly cabinet meeting.

  • Saudi Arabia Suspends Flights To And From India Amid Surge In COVID-19 Cases: Report

    In a circular issued on Tuesday, Saudi Arabia's General Authority of Civil Aviation (GACA) said it was "suspending travel to and from the following countries: (India, Brazil and Argentina) including any person who has been in any of the mentioned countries above in the last 14 days prior to their arrival to the Kingdom".

  • New street race in Saudi Arabia likely to join 2021 F1 calendar

    The first grand prix in Saudi Arabia looks increasingly likely to form part of the 2021 F1 calendar. ADVERT | BECOME A SUPPORTER & GO AD-FREE A street race is being planned in the Middle Eastern’s country’s second-largest city, Jeddah, which is home to around 3.5 million people.

  • Smart City Index: Saudi Arabia capital Riyadh jumps 18 places to 53rd

    Saudi Arabia capital Riyadh has jumped 18 placesto finish 53rd out of 109 in a list of the world’s smartest cities. Globally, Singapore, Helsinki and Zurich came out on top of the index in a year that saw many European cities fall. Meanwhile, Abu Dhabi and Dubai have emerged as the smartest cities in the region. The UAE capital jumped 14 spots to rank 42nd while Dubai rose two places to 43rd.

  • Trump not been an honest broker on Palestinian statehood: Prince Turki

    Speaking to CNBC on Tuesday, Prince Turki said Trump had not been honest on the issue of Palestinian statehood. The prince added that his father, the late King Faisal, who ruled the kingdom in the 1960s and 1970s, would have been disappointed that the United Arab Emirates and Bahrain signed onto the recent accord without a solution for the Palestinians.

  • Saudi Arabia’s construction sector is powering Vision 2030

    Technology adoption is expected to continue to transform construction delivery. The use of prefabricated building techniques, such as those used by the Ministry of Housing with 3D printing, reduces the construction time, provides standardisation, improves quality and is less labor intensive than traditional techniques whilst adding agility and addressing continued demand.

  • Can the Oil and Gas Sector Reinvent Itself in a Post-COVID World?

    The energy sector is now only 2.5% of the S&P 500. And Exxon is out of the Dow. These things would have been unfathomable a few years ago.