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  • Sec. Mattis, Saudi FM Al-Jubeir Meet; U.S. Calls for ‘Transparent Investigation’
     

    U.S. Defense Secretary Jim Mattis said on Sunday that he has met with Saudi Arabia’s foreign minister, Adel Al-Jubeir, and called for a “transparent investigation” into the killing of journalist Jamal Khashoggi in Turkey, according to reports. Mattis said he met Saudi Foreign Minister Adel al-Jubeir during a conference in Bahrain on Saturday and discussed […]

     
  • Crown prince chairs first meeting on reform of Saudi intelligence services
     

    Saudi Crown Prince Mohammed bin Salman chaired the first meeting on Thursday of a special committee to reform Saudi Arabia’s intelligence services. The restructuring was ordered by King Salman after the murder in Istanbul of Saudi journalist Jamal Khashoggi. According to Arab News, the committee “assessed the General Intelligence Presidency’s current organizational structure and identified […]

     
  • FII Kicks Off in Riyadh
     

    The Future Investment Initiative (FII) kicked off today at the Ritz Carlton, Riyadh with a standing room only crowd despite an exodus of CEOs and other top executives in recent weeks. The PIF-organized event went forward as planned despite questions regarding the event’s timing, and saw a large crowd at the start of the event. The event […]

     
  • Video: Bloomberg Interview with Head of the Saudi Stock Market Sarah Al-Suhaimi
     

    Saudi Arabia’s head of its stock exchange, Sarah Al-Suhaimi, gave an interview with Bloomberg outlining her plans for the Tadawul at the Bloomberg Invest Summit in London. Al-Suhaimi is the first Saudi woman to chair the Saudi Arabian stock exchange, which is the largest stock market in the Middle East. [Click here to watch the interview on Bloomberg.com]

     
  • Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting
     

    Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters. The deal, struck in private in September, was then shared with the United States before a meeting in Algiers with other producers, according to four sources familiar with the plan cited by Reuters. The […]

     
  • PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’
     

    A spokesperson for Saudi Arabia’s Public Investment Fund (PIF) said via the Kingdom’s state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are “completely inaccurate.” The unnamed spokesperson said that the PIF “continues to work with the SoftBank Vision Fund, and other parties, on a number of large-scale, […]

     
  • Saudi Crown Prince to Visit Kuwait on Saturday for Qatar Talks – Reports
     

    Crown Prince Mohammed Bin Salman will visit Kuwait on Saturday to discuss the Kingdom’s ongoing conflict with Qatar, according to reports. During the visit, Crown Prince Mohammed bin Salman will hold talks with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, according to the Kuwaiti News Agency via Twitter. Kuwaiti mediation efforts have failed so far to end the crisis […]

     
  • Saudi Embassy to Celebrate 88th Saudi National Day with Event at National Harbor
     

    On Sunday, September 23, the Royal Embassy of Saudi Arabia in Washington will host a celebratory event to mark the Kingdom’s 88th national day at the National Harbor, the Embassy said on Twitter. The event begins at 3pm at the Pier at National Harbor and will showcase Saudi folklore and culture and is free for […]

     
  • Tough Times for the Saudi Property Market, Study Shows
     

    Saudi Arabia’s Real Estate Market was one of only seven worldwide to show annual price declines in 2Q 2018, according to results released by the Knight Frank Global House Price Index as reported in ArabianBusiness.com. The property market in Saudi Arabia saw a 1.3 percent fall in prices in 2Q 2018, compared with a global […]

     
  • The Star-Studded Line-Up of Speakers for October’s Future Investment Initiative (FII)
     

    The Saudi Arabia’s Public Investment Fund (PIF) annual Future Investment Initiative conference has listed an impressive roster of confirmed speakers for the event, taking place on October 23-25 in Riyadh. The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabiaand “serve as a platform to drive expert-led debate, discussion, and partnerships among the […]

     

MUST-READS

  • Russia signals upcoming signing of strategic partnership accord with Iran

    Russia’s president has authorized the signing of a Comprehensive Strategic Partnership Agreement with Iran. This follows a Tehran visit by the secretary of the Russian Security Council, preceded by a trip to St. Petersburg by the Iranian national security advisor. The intensified engagement suggests that the two sides wish to move past a row over Moscow’s support for a contentious transit corridor in the South Caucasus, especially amid western pressure over alleged Iranian missile deliveries to Russia.

  • UAE to focus on business and tech in US state visit

    While acknowledging security concerns are a constant in the region, the UAE is fully focused on an “economy-first, prosperity-first” agenda, Dr. Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed, told reporters during a briefing in Dubai on Thursday.

  • Red Sea insurance costs soar as Houthi shipping threats loom, sources say

    The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said. The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel's war on Gaza. In more than 70 attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.

  • Saudi Arabia Ranks 2nd among G20 Countries in UN Telecommunication Infrastructure Index

    Saudi Arabia secured the second position among Group of Twenty (G20) countries in the United Nations Telecommunication Infrastructure Index (TII), showcasing notable advancements in the Kingdom's digital infrastructure and the efficacy of governmental efforts to bolster e-government. The TII assesses the progress of digital telecommunications infrastructure development globally and serves as a key component of the E-Government Development Index (EGDI).

  • Saudi FIFA World Cup 2034 bid chief spotlights Kingdom’s hosting credentials

    The head of the Saudi Arabian Football Federation’s FIFA World Cup 2034 bid unit, Hammad Albalawi, insists the Kingdom is primed to deliver the biggest single-host nation event in the tournament’s history a decade from now. The Saudi bid was officially unveiled last month, with 15 stadiums across five host cities - Riyadh, Jeddah, Abha, Al Khobar and NEOM - set to welcome fans when the quadrennial festival of football is, as expected, awarded to the Kingdom.

  • Container traffic at Saudi ports up 14.6% in 2023

    Saudi Arabia’s ports have witnessed a 14.6% increase in inbound and outbound container traffic during FY 2023 when compared to the year before, according to the General Authority for Statistics (GASTAT) which issued the kingdom’s Maritime Transport Statistics Publication results for 2023. The figures also show a 33.8% increase in ship traffic at the kingdom’s ports in 2023 compared to 2022. The total ship traffic at Saudi ports stood at 19,082.

  • Tourism new driver for enhancing Saudi Arabia’s rating: S&P

    The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of the new factors supporting the Kingdom’s credit rating.

  • Commentary: The myths that are building the Saudi nation

    To the Western eye, it might seem that MBS is showing the world that the new Saudi Arabia is a young and flashy amalgam of construction sites and sci-fi city planning, with a dash of esports and AI thrown in. But this is all merely window dressing. Scratch a little deeper and it’s not just a new city that is being built. Behind the scenes, something deeper and far more interesting is going on. The Kingdom is recasting its whole national identity.

  • Saudi Arabia National Day 2024 – Google Doodle

    Today’s Doodle celebrates Saudi Arabia’s National Day! On this day in 1932, Saudi citizens celebrated the establishment of the Kingdom of Saudi Arabia.

  • Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors

    Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.