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  • Shrugging Off Uncertainty, Investors Pour Money into Saudi Arabia with ‘Strong Underlying Fundamentals’
     

    Saudi Arabia is “the hottest emerging market” right now as investors appear to be shrugging off concerns surrounding last year’s crackdown on corruption and with optimism surrounding Vision 2030’s economic and social reforms now coming into effect, CNN Money reports. “Equity funds investing in Saudi Arabia saw net inflows of $110 million between the start […]

     
  • Saudi Arabia, United Kingdom Pledge Billions in Bilateral Trade and Investments
     

    Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman’s visit in London with billions in deals eyed in the coming years. Saudi Arabia’s crown prince and the U.K.’s prime minister launched an economic and investment partnership called the U.K.-Saudi Arabia Strategic Partnership […]

     
  • Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]

     
  • New Life-Sized Camel Sculptures Discovered in Saudi Arabia May Date Back 2,000 Years
     

    Archaeologists from France’s National Center for Scientific Research (CRNS) and their colleagues from the Saudi Commission for Tourism and National Heritage (SCTH) have discovered camelid sculptures “unlike any others in the region” dating back to the first centuries BC or AD, according to a press release from the CRNS. The find sheds new light on the evolution […]

     
  • ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia
     

    Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports. ACWA Power announced the win on its website on Tuesday. “This plant is the first of what […]

     
  • Saudi Aramco CEO Says Company Eying U.S. Expansion
     

    Saudi Aramco’s CEO Amin Nasser said the company was eying expansion in the United States “where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive,” Reuters reports. Nasser also lauded the Trump administration as being friendly toward the oil industry. “The Trump administration has been positive towards the energy […]

     
  • House Speaker Ryan meets Saudi King Salman in Riyadh
     

    U.S. House Speaker Paul Ryan is leading a Congressional delegation to the Middle East, meeting with Saudi King Salman Wednesday in the first regional stop for talks centered on security, the Associated Press reports. The week-long Congressional Delegation (CODEL) trip to the Middle East “will focus on regional stability, the campaign against ISIS and terrorism, […]

     
  • Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
     

    With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]

     
  • Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
     

    Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]

     
  • First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
     

    Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]

     

MUST-READS

  • Perspective: How Netanyahu shattered Biden’s Middle East hopes

    Recent reporting indicates growing “distrust” between U.S. officials and their Israeli counterparts; the Biden administration was reportedly furious when Israel gave them little notice of its strikes that killed Hezbollah leader Hasan Nasrallah. Defense Secretary Lloyd Austin, as my colleagues reported, privately characterized Netanyahu’s government as “playing with house money” — operating on the presumption that, whatever it does, it could count on the United States to support its war aims and defend Israel against any Iranian retaliation.

  • Saudi Arabia executes 213 people in less than 10 months, setting new record

    Saudi Arabia has executed 213 people so far in 2024, more than it has in any other calendar year on record, as the kingdom competes for a seat at the UN Human Rights Council (HRC). According to the London-based rights group Reprieve, which documents the death penalty worldwide, the largest recorded figure prior to this year was 196 in 2022, followed by 184 in 2019.

  • Saudi king Salman recovers after undergoing medical tests, royal court says

    Saudi Arabia's King Salman has recovered after successfully completing medical tests for lung inflammation on Wednesday, the state news agency (SPA) said, citing the royal court. The royal court said on Sunday the 88-year-old monarch would undergo medical tests for a lung inflammation. The king of the world's biggest oil exporter and a major U.S. ally in the Middle East had received medical care for lung inflammation in May as well.

  • Abu Dhabi’s ports are driving the UAE’s post-oil transformation: Video

    The expansion of ports in the UAE’s capital aims to boost logistics and tourism across the country.

  • The UAE’s technology ambitions

    In 2017, the United Arab Emirates (UAE) released a national strategy for artificial intelligence (AI) that declared its goal of becoming ‘the world leader in AI by 2031’. Since then, the government has invested billions of dollars and transformed the country into a centre for technological innovation and foreign investment, the latter notably coming from China and the United States.

  • Archaeologists discuss latest findings from Al-Faw, Saudi Arabia’s newest World Heritage Site

    The event, organized by the Saudi Heritage Commission, follows the addition in July of Al-Faw to UNESCO’s list of World Heritage Sites. It is the eighth location in the Kingdom to achieve this recognition. Ajab Al-Otaibi, director of the commission’s Archaeological Documentation and Research department talked about the ways in which recent discoveries have changed our understanding of ancient civilizations in the region. “The most recent excavations have revealed a complex network of trade routes and cultural exchanges that connected Al-Faw with other kingdoms in the Arabian Peninsula and beyond,” he said.

  • Saudi embassy in US issues advisory to citizens on Hurricane Milton

    The Kingdom’s embassy in the US issued an emergency advisory to Saudis in Florida and neighboring states as Hurricane Milton restrengthened to a Category 5 as it barreled toward the state on Tuesday. The embassy asked Saudis to follow guidelines by state authorities in Florida, Georgia and the Carolinas.

  • Saudi Arabia’s Heritage Commission vows to protect archeological sites against violators

    Saudi Arabia’s Heritage Commission stressed that it will stand firmly against people who tamper with archeological sites, taking legal measures against them and preventing any transgressions that pose a threat to the safety of the Kingdom’s heritage. In the past week, the commission observed several violations of the antiquities and urban heritage regulations in Al-Wajh governorate in the Tabuk region and referred 23 expatriates to the relevant authorities.

  • Saudi Red Sea Authority set to attract 19 million tourists to Red Sea coast by 2030

    The Saudi Red Sea Authority (SRSA) aims to develop a thriving coastal tourism sector in the Red Sea, contributing approximately SR85 billion to the GDP by 2030. This would capture 30 percent of the Kingdom’s leisure tourism and 40 percent of total entertainment spending, attracting 19 million tourists, and generating more than 210,000 jobs.

  • Iran’s FM to visit Saudi Arabia amid hardliner backlash over Arab response to Gaza

    Last Friday, for the first time in five years, reinforcing a message he has focused on recently: the unity of Muslim countries against the presence of the US and other Western powers in the region. Khamenei called for solidarity, stating, “We have to tighten the belt of defense... from Afghanistan to Yemen, Iran to Gaza and Lebanon, in all Islamic countries. That’s the first issue I wanted to discuss.”