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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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Death Toll Climbs from Beirut Explosion as Saudi, UAE Express Condolences, Solidarity with Lebanese People
The death toll from the massive explosion that rocked Beirut, Lebanon yesterday continues to climb as Saudi Arabia and the UAE pledge solidarity and support to the Lebanese people.
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New Mahd Sports Academy in Riyadh will Focus on Discovering and Developing the Kingdom’s Next Sports Talents
Saudi Arabian sports officials on Monday unveiled in Riyadh a new project to discover and nurture young sports talent in the Kingdom, according to reports.
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Saudi Arabia’s Stock Market to Launch ‘Saudi Futures 30’ on August 30th
Saudi Arbaia’s Stock Exchange (Tadawul) announced that it will launch an exchange-traded derivatives product, the Saudi Futures 30 (SF30), on August 30th in a bid to attract investment interest into the Kingdom, according to reports.
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Before the Pandemic, Saudi Arabia’s Tourism Sector Showed Encouraging Rates of Growth
Before the global pandemic and resulting economic slowdown, Saudi Arabia registered significant growth in one of its key industries of focus in 2019 as the Kingdom looks to diversify its economy away from oil, an encouraging sign of progress that could be resumed when Coronavirus fears wane. Inbound tourism in Saudi Arabia was up a […]
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Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy
Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom’s economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.
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MUST-READS
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Without a Nuclear Deal, How Close Is Iran to a Bomb?
Iran has accumulated enough enriched uranium to construct several bombs should its leaders choose to purify the heavy metal to the 90% level typically used in weapons. Moreover, it has not only returned to enriching to 20% but has for the first time gone to 60%, a level of purity the International Atomic Energy Agency says is technically indistinguishable from weapons-grade fuel.
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What is it like to shoot an international production in Saudi Arabia?
“We had a really good experience,” says Nelson. “The country isn’t what you think of it in the press. We made the movie we wanted to make with nobody behind us going, ‘Sorry guys, you’ve got to do it like this’.
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What is it like to shoot an international production in Saudi Arabia?
If you build it, will they come? Saudi Arabia is investing heavily in creating a world-class locations hub. But what is the reality of shooting in this vast country of which little is still known? Less than four years after it lifted its ban on cinemas, Saudi Arabia’s aim of becoming the Middle East’s foremost filming location seems to be bearing fruit with two major Hollywood movies shooting in the country. The cameras have just started rolling on Thunder Road’s Kandahar starring Gerard Butler while Desert Warrior, starring Anthony Mackie and Aiysha Hart, has been shooting since September.
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Will other GCC countries follow UAE’s suit in a Saturday and Sunday weekend?
“The willingness of other GCC countries to follow will be attenuated by the fact that only Qatar has a comparable presence of expatriates as a percentage of the population,” said Omar Al-Ubaydli, director of research at the Bahrain Centre for Strategic, International and Energy Studies.
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Analysis: Is Shale Gas A Gamechanger For Saudi Arabia?
"All other factors remaining equal, one billion cubic feet of gas equals 0.167 million barrels of oil equivalent, so 2.2 Bcf/d (the future Jafurah output) equals 0.3674 million barrels of oil equivalent, or 367,400 barrels. Therefore, the total projected new amount of gas to come from Jafurah is around 367,400 barrels per day, which is not even enough to cover the current amount of oil being (400,000 bpd) burned for power generation in Saudi Arabia, even if Aramco’s already elevated gas production holds steady."
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Carbon capture and storage: where should the world store CO₂?
Storing carbon is roughly the reverse of extracting it from the ground, and there is an opportunity for workers in the oil and gas industry to lend their skills and expertise to this endeavour.
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Will rare Emirati visit to Iran lead to ‘beginning of a new era’?
TbZ’s rare visit to Iran was also closely followed by Emirati experts. Prominent academic Dr. Abdulkhaleq Abdulla described the aim of the UAE as being “to establish a new moment in the history of the region,” and that this “diplomatic movement” is stemming from “the capitals of the region, not from Washington.”
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Is the fate of the JCPOA talks in Vienna about to be determined?
Iran and the P5+1 (US, Britain, France, China, Russia and Germany) reached a deal in 2015 on limiting Tehran’s nuclear activities in return for sanctions relief. However, in 2018, then president Donald Trump unilaterally withdrew the US from the accord and reimposed all sanctions. Since taking office in January, the Joe Biden administration has been involved in seven rounds of indirect talks with Iran on reviving the JCOPA.
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Is the Son Setting?
Rumors have been rife lately that former prime minister Saad al-Hariri may choose not to stand in parliamentary elections next year, if they are held. And while newspaper reports suggest that Hariri has not yet taken a final decision on the matter, everything about his political path lately makes this outcome very possible.
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Why has Saudi Arabia granted citizenship to a former Hezbollah insider?
While the granting of Saudi citizenship to Husseini will not have much of an impact on Lebanese Shiites, the move does hold symbolic significance. As Souaid of the March 14 Alliance underlined to Amwaj.media, “By granting citizenship to Husseini, Saudi Arabia is sending a message that the confrontation taking place at the regional level is not sectarian in nature, nor targeting the Shiite community.”
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