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Will Oil Reach $100 Soon? Traders, Industry Execs See Oil Rising Higher
In April last year, at the height of the pandemic crisis that touched every corner of the globe, oil prices collapsed in a spectacular fashion as demand plummeted and supply continued apace, leaving suppliers in some cases without a place to store their excess crude oil. US oil prices plunged, falling below $0 to $-37.63 a barrel – […]
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Report: Progress Toward the End of the Conflict in Yemen
The Saudi-led coalition fighting to restore the U.N.-backed government in Yemen and the Iran-backed Houthi rebels are working on a peace deal that would bring toward a close the years-long fighting in the country, according to a report in Reuters, which cited three sources.
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Shoura Council Calls on Saudi Body to Study Expanding Foreign Ownership of Saudi Land
Saudi Arabia’s Shoura Council has called on the Kingdom’s Real Estate General Authority “to coordinate with the relevant authorities to study its proposal allowing non-resident foreign individuals to own real estate in Saudi Arabia amid specific controls,” the local Saudi Gazette reports.
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Saudi FM Faisal bin Farhan Acknowledges ‘Exploratory Talks’ with Iran; Kingdom is ‘Hopeful’
Saudi Arabia’s Foreign Minister HRH Prince Faisal bin Farhan acknowledged in an interview with the AFP that the Kingdom has held “exploratory talks” with regional rival Iran, and said that Saudi Arabia is “hopeful” that the talks in their early stages will lead to diplomatic progress.
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Saudi to Make COVID-19 Vaccinations Mandatory for All Public and Private Sector Workers
All public and private sector workers wishing to attend a workplace in Saudi Arabia will be required to have taken a COVID-19 vaccination, the human resources ministry said on Friday. The ministry did not say when the new rule would take effect.
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Ramadan Moon Seen in Saudi Arabia, Holy Month Begins Tuesday
The Ramadan crescent moon has been sighted in Saudi Arabia, meaning the holy month will officially begin on Tuesday, April 13, according to an official announcement from the Kingdom’s Supreme Court.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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US-based Railcar Company Greenbrier the Latest to Move Regional HQ to Riyadh
US-based railcar company Greenbrier is one of the latest American companies to be moving or building their regional Headquarters in Riyadh, the company said, as it looks to profit off the opportunities presented by the Kingdom’s Vision 2030 economic and social reform plans. The NYSE-listed Greenbrier is one of 24 companies that have recently agreed […]
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New Whitepaper Examines the State of Recycling, Waste Management in Saudi Arabia, UAE
A new whitepaper released online from the UK-based publication The Economist Intelligence Unit examines the state of waste management and recycling in Saudi Arabia and the UAE. The whitepaper, entitled Towards zero: Rethinking recycling in Saudi Arabia and the UAE, examines the state of waste management in Saudi Arabia and the UAE and identifies priorities for accelerating […]
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14th Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies
The 14th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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Israel’s Shifting Policies Toward the West Bank
The current government is taking advantage of the situation created on October 7, 2023, to bring about a fundamental change on the ground in the West Bank, seizing the opportunity to implement the goals laid out when the present cabinet was formed. These goals include attempting to abandon the Oslo Accords status quo, advancing the process of weakening the PA economically, financially, and in security matters—possibly as a prelude to its complete dismemberment—expanding the settlements, further boosting the number of settlers, and de facto annexing Palestinian lands in Area C. While the events of October 7, 2023 did not bring about this shift on their own, they boosted this agenda and gave it a sheen of legitimacy within Israeli society, accelerating its implementation and the extent to which it is publicly expressed.
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US power grid added battery equivalent of 20 nuclear reactors in past four years
From barely anything just a few years ago, the US is now adding utility-scale batteries at a dizzying pace, having installed more than 20 gigawatts of battery capacity to the electric grid, with 5GW of this occurring just in the first seven months of this year, according to the federal Energy Information Administration (EIA).
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With no exit strategy for Israel in Gaza, critics fear an open-ended stay
Retired Israeli general Giora Eiland believes Israel faces months of fighting in Gaza unless Prime Minister Benjamin Netanyahu uses the chance offered by the death of Hamas leader Yahya Sinwar to end the war. Since Sinwar's death this month, Eiland has been one of a chorus of former senior army officers questioning the government's strategy in Gaza, where earlier this month troops went back into areas of the north that had already been cleared at least twice before.
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Renard back to coach Saudi Arabia after Mancini exits
Herve Renard was hired to coach Saudi Arabia for a second time on Saturday, two days after the departure of Roberto Mancini. ’m back,” Renard said in a social media video posted by the Saudi Arabia Football Federation. The Frenchman most recently coached France women to the Paris Olympics quarterfinals. He was previously in charge of Saudi Arabia from 2019-23, a tenure that included a famous 2-1 win over Argentina at the 2022 World Cup in Qatar.
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Saudi Arabia imposes SR300,000 fine and 5-yr jail for abusive behaviour in workplaces, schools and places of worship
Fines of up to 300,000 Saudi riyals or imprisonment for up to five years will be imposed on anyone found guilty of abusive behavior in workplaces, schools, or places of worship, the Saudi Public Prosecution announced in a statement on its official account on X (formerly Twitter). The Public Prosecution emphasised that any harmful actions in these environments constitute a criminal offence, reiterating the importance of enforcing the Protection from Abuse Law.
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Saudi Arabia condemns military targeting of Iran, urges restraint amid regional tensions
In a statement, Saudi Arabia urged all involved parties to exercise maximum restraint and to de-escalate tensions, warning of the potential consequences of continued military conflicts. The Kingdom called upon the international community, as well as influential and active stakeholders, to fulfill their roles and responsibilities in mitigating escalation and working towards the cessation of conflicts within the region. Early Saturday, Israel announced that its military has executed "precise strikes" against military targets in Iran, with explosions reportedly heard in Tehran.
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Saudi deputy foreign minister engages in key diplomatic meetings at donors’ conference in Jeddah
Saudi Arabia’s deputy minister of foreign affairs Waleed Elkhereiji held a series of high-level meetings on Saturday on the sidelines of the Donors’ Conference to Support Internally Displaced People and Refugees in the Sahel and Lake Chad Region. The conference, held in Jeddah, brought together international representatives to address the humanitarian challenges impacting the region.
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‘He’s back’: Herve Renard returns as Saudi Arabia national team head coach
“I’m back,” Renard said in a social media video posted by the Saudi Arabia Football Federation. It will be the second spell in charge of the Green Falcons for the Frenchman. Renard led the national team to a memorable 2-1 win over eventual champions Argentina at the 2022 World Cup but left in March last year to take over France’s women’s team. The 56-year-old stepped down from the role in August following France’s quarter-final exit to Brazil at the Paris Olympics.
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How investment in solar capacity is powering Saudi Arabia’s sustainable energy future
By the end of the decade, Saudi Arabia aims to generate 58.7 gigawatts of renewable energy. This includes 40 GW from solar photovoltaics, alongside 16 GW from wind energy and 2.7 GW from concentrated solar power. In 2024, Abdulaziz bin Salman, the Saudi minister for energy, announced plans to tender new renewable energy projects with an annual capacity of 20 GW. This could potentially lead to a total capacity of 100-130 GW by 2030.
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