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  • Large Quantities of Natural Gas Discovered in Red Sea, Al-Falih Says
     

    Large quantities of gas have been discovered in the Red Sea, the official Saudi Press Agency said, citing comments made by Minister of Energy Khalid Al-Falih. Al-Falih said that Saudi Aramco will intensify exploration work over the next two years after completion of a feasibility study. Falih also said Saudi Aramco was studying possible Liquified Natural Gas (LNG) project […]

     
  • Latest Economic Data Shows Continued Improvement in Saudi Economy, Jadwa Investment Says
     

    Latest economic data from Jadwa Investment’s March 2019 economic chartbook shows more positive signs for the Saudi economy. Economic data reviewed by Jadwa for the month of January showed improvements for the economy, including a 32 percent rise in POS transactions, and a rise in non-oil PMI to its highest level since December 2017, the Riyadh-based bank said. […]

     
  • Saudi Crown Prince Mohammed bin Salman arrives in China
     

    Saudi Crown Prince Mohammed bin Salman arrived in China on Thursday, the third stop of his tour of Asian nations that started with visits to Pakistan and India. The Crown Prince is slated to meet Chinese President Xi Jin Ping during the official visit. China is Saudi Arabia’s largest trading partner, ahead of the United States. At […]

     
  • Looking East, Crown Prince Mohammed bin Salman Arrives in Pakistan
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Pakistan on Sunday for the start of a tour of several Asian nations as the Kingdom looks eastward to strengthen trade relationships and business opportunities. As is usually the case for the highest Saudi royal leaders on state visits, the Crown Prince traveled with a sizable entourage […]

     
  • Once Taboo, Valentines Day is Celebrated in Saudi Arabia
     

    Before 2018 in Saudi Arabia, Valentines Day was “an old tradition kept in the dark” and not openly celebrated by Saudis, instead being secretly observed by citizens in the privacy of their homes. Then, last year, Sheikh Ahmed Qasim Al-Ghamdi, former president of the Saudi “religious police” or Ha’ia, endorsed Valentine’s Day celebrations for the first time in […]

     
  • December Economic Data Shows Slight Cooling but Non-Oil Exports Grow, Jadwa Says
     

    The latest monthly economic chartbook released by Jadwa Investment found a cooling in some key economic data points, although the Saudi stock market soared by 10% in January as oil prices rose. The Riyadh-based Jadwa’s report found that POS rose by 10 percent while cash withdrawals were flat, and non-oil PMI index was marginally down […]

     
  • Saudi Media Powerhouse SRMG Launches Independent Arabia
     

    The Saudi Research and Marketing Group (SRMG) and the UK online publisher The Independent have launched a new digital news site, IndependentArabia.com. SRMG announced the appointment of Saudi journalist and political analyst Adhwan al-Ahmary as editor-in-chief of the online platform, while the new service will be staffed by a team of experienced journalists from Saudi Arabia […]

     
  • Saudi Oil Reserves Are Even Bigger than Previously Estimated
     

    An independent audit of Saudi Arabia’s oil reserves found that the Kingdom has more oil than previously estimated, according to reports and an official statement from the government of Saudi Arabia. The audit, conducted by Houston-based petroleum consultants DeGolyer & MacNaughton, had concluded that Saudi Arabia’s oil reserves total 268.5 billion barrels – over 2.2 […]

     
  • Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up
     

    A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index. The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in […]

     
  • King Salman Announces ‘Sweeping’ Cabinet Reshuffle Affecting Top Domestic, Foreign Policy Posts
     

    King Salman announced on live TV on Thursday a major and sweeping reshuffling of top cabinet positions in Saudi Arabia, the first such change in leadership since June. The royal decree replaces Saudi Arabia’s Foreign Minister Adel Al-Jubeir with former finance minister Ibrahim Al-Assaf. Al-Assaf was detained, then released within weeks of his detention at Riyadh’s Ritz-Carlton […]

     

MUST-READS

  • IRGC Newspaper Demands Nuclear Bomb

    While some reformist media outlets warn Pezeshkian that the present conflict with Israel may evolve into a military confrontation between Iran and the United States (and a prolonged Israeli and U.S. bombing campaign against Iran similar to the U.S. bombings of Iraq throughout the 1990s) the IRGC’s main mouthpiece, Javan, urges Iran to change its nuclear doctrine, which to judge by the article quoting American political scientist the late Professor Kenneth Waltz saying “Peace-lovers ought to love the nukes!,” may indicate nuclear breakout.   

  • Solomon Islands agrees visa exemption for Saudis

    At the outset of the meeting, Prince Faisal conveyed the greetings and appreciation of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman, wishing the government and people of the Solomon Islands continued stability and prosperity. In turn, the prime minister of the Solomon Islands offered his greetings and appreciation to King Salman and the Crown Prince, wishing the government and people of the Kingdom steady progress and prosperity.

  • Saudi Arabia intensifies its efforts to provide aid to Gaza

    Since the conflict erupted on Oct. 7 last year, Saudi Arabia has directly donated $185 million in humanitarian aid to Palestine through the Saudi aid agency KSrelief, Foreign Minister Prince Faisal bin Farhan told the UN General Assembly. Prince Faisal also noted in his speech on Sept. 28 that Saudi Arabia is working with different UN agencies to raise a total of $106 billion for reconstruction and humanitarian aid.

  • Saudi FM, Ukrainian Counterpart Discuss Developments of Ukrainian-Russian Crisis

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received on Sunday a phone call from Ukraine’s Minister of Foreign Affairs, Andrii Sybiha. Prince Faisal congratulated his Ukrainian counterpart on the occasion of assuming his post, wishing him success in carrying out his duties. The two sides also reviewed bilateral relations and the latest developments of the Ukrainian-Russian crisis. They also discussed issues of common interest.

  • AI is powering Saudi Arabia’s next wave of economic growth: Video

    Saudi Arabia is betting big on AI to power its post-oil future, with the technology set to inject over $135 billion into the economy by 2030.

  • Saudi Arabia’s e-commerce sees 9.4 per cent increase

    Saudi Arabia's e-commerce sector is experiencing growth, with 39,769 new businesses registered in the third quarter of this year, reflecting a 9.4 per cent increase compared to last year. According to the latest data from the ministry of commerce, Riyadh topped the list with 16,274 registrations, followed by Mecca at 10,023 and the Eastern Province with 6,328. The regions of Medina and Qasim reported 1,897 and 1,302 registrations, respectively.

  • Aramco Digital bets on partnerships to build Saudi Arabia’s AI ecosystem

    Aramco Digital has also signed several Memorandums of Understanding (MoU) at the Global AI Summit held in Riyadh recently. It inked a deal with Cerebras Systems and FuriosaAI to explore collaboration in the supercomputing and AI domains and also partnered with South Korea's Rebellions to deploy Rebellions Neural Processing Unit chips in Aramco's data centers. In addition, Aramco Digital has signed an MoU with SambaNova Systems to accelerate AI capabilities, innovation and adoption across the country. It also announced the deployment of an AI supercomputer powered by NVIDIA GPUs, one of the region's first systems of its kind.

  • Riyadh Air to fix Saudi’s ‘unacceptable’ lack of connectivity

    Speaking at Routes World 2024, CEO Tony Douglas described the current lack of non-stop flights from Riyadh to many major cities as “unacceptable”. While Saudi Arabia’s current national carrier, Saudia, will primarily focus on connecting Jeddah with regional and some international destinations, Riyadh Air will provide more direct links between the capital, Riyadh, and mega-cities around the world. One of Riyadh Air’s key targets is to boost connections between Saudi Arabia and Asia, a region with booming economies and increasing travel demand. By offering new direct routes to capitals such as Tokyo, Seoul, and Singapore, the airline hopes to position Riyadh as a major hub for business and tourism.

  • Saudi Arabia’s KSrelief continues volunteer surgery program

    Saudi aid agency KSrelief has continued its voluntary medical work around the globe, the Saudi Press Agency reported. Medical services were provided for scores of patients at the Kidney Dialysis Center in Al-Ghaydah, Al-Mahrah Governorate, Yemen. During September, 126 patients were served. Among them, 54 underwent 446 scheduled dialysis sessions and six emergency sessions, while 75 patients received medical examinations and consultations at the clinic.

  • Hezbollah supports ceasefire efforts in Lebanon, deputy leader says

     Hezbollah's deputy leader said in comments broadcast on Tuesday that the group backs efforts to reach a ceasefire in Lebanon, and for the first time omitted any mention of a Gaza truce deal as a pre-condition to halting the group's attacks on Israel. Naim Qassem's remarks were shown on television after Israeli forces began ground operations in the southwest of Lebanon, expanding incursions into a new zone.