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  • Saudi Arabia forms global alliance in support of Israeli-Palestinian two-state solution
     

    European, Arab and Islamic nations have launched an initiative to strengthen support for a Palestinian state and its institutions, and prepare for a future after the war in Gaza.

     
  • OPEC releases World Oil Outlook 2024
     

    The Organization for Petroleum Exporting Countries (OPEC) issued its 2024 World Oil Outlook forecasting significant growth in global energy demand between now and 2050.

     
  • ’24 Fintech Conference in Riyadh
     

    The first edition of the International Conference on Financial Technology, ’24 Fintech, at the Riyadh Front Exhibition and Conference Center on Tuesday with an address from Finance Minister Mohammed Al-Jadaan, large crowds and a slew of announcements.

     
  • Saudi Solar Power capacity picking up speed
     

    GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035. 

     
  • U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
     

    The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.

     
  • Aquaculture in KSA
     

    Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.

     
  • Saudi Arabia rises on Expat Insider 2024 rankings
     

    For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad. 

     
  • KSA Climbs to 16th in World Competitiveness Ranking
     

    Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.

     
  • MENA’s Renewable Energy Promise
     

    Saudi Arabia and other GCC countries are in a position to become, “not just a major source of renewable energy, but also a central and indispensable player in the global energy transition, uniquely able to balance supply and demand for all types of energy, both hydrocarbons, and renewables.”

     
  • EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
     

    The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.

     

MUST-READS

  • Will a Turkey-Iraq Security Agreement Diminish Iran’s Hold Over Iraq?

    The MoU, which followed a historic visit to Iraq in April by Turkish President Recep Tayyip Erdogan, is a significant maneuver intended to solidify Turkey’s influence in Iraq. By labeling the Kurdish Kurdistan Workers Party or PKK a “banned organization,” Turkey seeks to legitimize its cross-border operations and strengthen its foothold in Iraqi politics and security.

  • IEA to convene major international energy security summit in London, hosted by UK government

    The IEA will convene an International Summit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks facing the global energy system and to prioritise the solutions and opportunities available for addressing them.

  • U.S., Israel and Egypt meet on Gaza border security sticking point

    Israeli Prime Minister Netanyahu's demand that Israel Defense Forces continue to be deployed along the Philadelphi corridor on the border of Egypt and Gaza has become one of the main — and final — points of contention on the way to a deal to release hostages being held by Hamas and establish a ceasefire in Gaza.

  • Climate change, security take top billing as Pacific Island leaders prepare to meet

    Climate change and security will dominate discussions at next week's meeting of Pacific Islands leaders in Tonga as China and the United States jostle for influence in the region. The chairman of the Pacific Islands Forum, Cook Islands Prime Minister Mark Brown, told foreign ministers from the 18 member nations this month "regional solidarity amidst the ever-increasing geostrategic interest, navigating the ongoing climate crisis and managing emerging challenges" are top priorities.

  • Commentary: The Limits of a U.S.-Saudi Security Deal

    At a time when many countries are hedging their bets amid the emerging great-power competition among China, Russia, and the United States, why would the Saudis double down on their historic reliance on Washington? In short, they want what neither China nor Russia can provide: security.

  • Turkish-Saudi Normalization Grows Under Security Umbrella

    Saudi Arabia’s burgeoning political and defense cooperation with Turkey has attracted significant attention, especially following visits by these top Saudi officials, which have paved the way for the signing of key cooperation agreements. Turkish policymakers have hailed the pace of advancements in relations with Saudi Arabia, stating that 2024 could be a “golden year” in Turkish-Saudi economic ties. Beyond the aspirations of policymakers from both countries, evolving regional dynamics are providing critical support for the development of closer Turkish-Saudi relations.

  • Staggering 68 pct of Saudi firms plan to use GenAI for enhanced security: Study

    Some 68 percent of organizations in Saudi Arabia plan to use generative AI (GenAI) within the next 12 months to enhance security measures, a new study by exposure management company Tenable found. The data for the study was commissioned in October 2023 by Forrester Consulting on behalf of Tenable.

  • Saudi Arabia rejects, condemns Israeli security minister’s visit to Al-Aqsa Mosque compound

    Saudi Arabia condemned and rejected in the strongest terms on Thursday a visit made by Israel’s far-right national security minister to Jerusalem’s most sensitive holy site. Itamar Ben-Gvir, an ultranationalist settler leader, said he had gone up to the Jerusalem hilltop compound of Al-Aqsa Mosque to pray for the return of Israeli hostages on Thursday. The Kingdom’s Foreign Ministry also condemned an Israeli parliament vote to oppose a Palestinian state.

  • Is Saudi Arabia replacing the US with China in its security partner mix?

    The visit fuelled speculation that Riyadh could be looking to Beijing to ease pressure from Washington on issues such as human rights and its stand on the Israel-Gaza war. Defence specialists said the conflict and tensions in the broader Middle East would undoubtedly have been on the agenda – along with Saudi Arabia’s rising arms purchases from China. But Saudi Arabia still saw the United States as its key security partner – even as it increases rapport with and arms purchases from China.

  • Saudi Arabia arrests over 16,000 residency, work, and border security violators

    Joint field campaigns to follow up and arrest violators of residency, work, and border security regulations, which took place in all regions of Saudi Arabia from June 27 to July 3, 2024, revealed a total of 16,565 violators. This included 9,969 violators of the residency system, 4,676 violators of the border security system, and 1,920 violators of the labor system.