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  • Second ‘Mega Entertainment Hub’ Planned for Riyadh Will Be Over 30 Acres
     

    Saudi authorities have announced a second major entertainment hub for citizens and visitors of the Kingdom’s capital city, Riyadh. At over 135,000 square meters (33 acres), the new complex will be located in the Al-Rabwa neighborhood of Riyadh and have metro line access via the Salah Al-Din station of the soon-to-be-completed Riyadh metro mega project, the […]

     
  • General Abizaid Faces Tough Questions from U.S. Senators in Confirmation Hearing
     

    President Trump’s choice for the next U.S. Ambassador to Saudi Arabia faced tough questions from U.S. senators but defended the U.S.-Saudi relationship on Wednesday and said the United States needed “a strong and mature partnership with Saudi Arabia.” Retired General John Abizaid’s confirmation hearing in front of the Senate Foreign Relations Committee was the first of this session […]

     
  • Positives Seen in Latest Saudi Government Labor Market Data as Vision 2030 Reforms Take Hold
     

    Saudi Arabia’s workforce saw an increase in female participation and a slight decline in unemployment, according latest data on the Saudi labor revealed in a Jadwa Investment report. The General Authority for Statistics (GaStat) labor market release for Q3 2018 shows that unemployment declined slightly to 12.8 percent, from 12.9 percent in the previous two […]

     
  • Analysis: Vision 2030 is Well Underway. Here’s What’s Needed to Make it a Success.
     

    In 2016, Saudi Arabia’s Crown Prince Mohammed bin Salman announced his “Vision 2030″—the most comprehensive transformation plan in the history of the country, which includes wide-ranging social and economic reforms. Vision 2030 was designed as a 14-year project; however, in its first three years, we have already seen tangible advances, such as fiscal consolidation efforts, […]

     
  • Crown Prince Mohammed bin Salman Arrives in India for Next Stop of Asia Tour
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in India for the second stop on a three-country tour of Asian nations as the Kingdom looks to boost relationships and trade opportunities in the East. India “rolled out the red carpet for the crown prince,” Reuters reports, amid simmering tensions with neighboring Pakistan following a militant attack in […]

     
  • Al-Falih: ‘Going forward the world is going to be Saudi Aramco’s playground’
     

    In a new interview with the Financial Times, Saudi Arabia’s powerful minister of energy, industry, and mineral resources Khalid Al-Falih indicated that Saudi Aramco would take on an active position as investor in resource opportunities outside the Kingdom of Saudi Arabia. Saudi Arabia’s state-owned energy company, Saudi Aramco, will seek to develop an international energy […]

     
  • Ambitious Saudi Entertainment Push Announced by GEA’s Turki al-Sheikh
     

    Saudi Arabia is looking to maintain heavy investment in the entertainment sector in 2019, according to comments made by a top Saudi official, as it looks to make good on key Vision 2030 economic reforms. Reuters reports that Saudi Arabia’s recently named chairman of the General Entertainment Authority, Turki al-Sheikh, said the Kingdom would put on […]

     
  • Saudi Arabia, Other Gulf Nations to Join JPMorgan Chase & Co.’s Emerging-Market Bond Indexes
     

    Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, Bloomberg reports, “potentially paving the way for billions of dollars in inflows into the securities.” The debt offerings from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait will represent about 11.8 percent of the EMBI Global […]

     
  • Saudi Arabia Eyes Major Domestic Energy Conservation by 2030, Al Falih Says
     

    Saudi Arabia expects to throttle back domestic energy consumption by 2030 by up to the equivalent of 2m barrels of oil per day, in line with the Kingdom’s Vision 2030 economic and social reform initiative, according to comments made by Khalid Al-Falih published by Reuters. Saudi Arabia has long used easily extracted oil reserves for […]

     
  • A Gradual Pickup in Private Sector Lending in Saudi Arabia Seen in Monetary Update
     

    A recently-released report by Jadwa Investment finds a gradual pickup in private sector lending since April 2018 after showing a slowdown in 2017 and Q1 2018. The Monetary and Financial Update report from the Riyadh-based Jadwa looks at the Kingdom’s monetary policy and other key economic data. Jadwa Investment sees “a rising level of uncertainty” in the […]

     

MUST-READS

  • Saudi Aramco wants to be a major LNG gas player, gas chief says

    The world's largest oil producer, Saudi Aramco (2222.SE), opens new tab, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the GasTech energy conference in Houston. The Saudi oil giant last year acquired from EIG Global Energy Partners LLC a minority stake in MidOcean Energy for $500 million, its first foray into LNG abroad. This month, it increased its stake to 49%.

  • Hezbollah exploding pager trail runs from Taiwan to Hungary

    The detonation of thousands of pagers targeting Hezbollah in Lebanon has left a mysterious trail from Taiwan to Hungary, while raising the prospect of another full-scale war in the Middle East between the Iran-backed group and arch-foe Israel. Israel's Mossad spy agency, which has a long history of pulling off sophisticated attacks on foreign soil, planted explosives inside pagers imported by Hezbollah months before Tuesday's detonations that killed nine people, a senior Lebanese security source and another source told Reuters.

  • Hezbollah vows to punish Israel after pager explosions across Lebanon

    Militant group Hezbollah promised to retaliate against Israel after accusing it of detonating pagers across Lebanon on Tuesday, killing nine people and wounding nearly 3,000 others who included fighters and Iran's envoy to Beirut. Lebanese Information Minister Ziad Makary condemned the late-afternoon detonation of the pagers - handheld devices that Hezbollah and others in Lebanon use to send messages - as an "Israeli aggression". Hezbollah said Israel would receive "its fair punishment" for the blasts.

  • Middle East renewable energy investments to pass $75bn by 2030

    The Middle East is on course to take $75.63bn of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council. These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and are forecast to come on stream between 2025 and 2030.

  • Commentary: Workplace child care in Gulf countries would help employed mums. What gets in the way?

    As a result, it is much more efficient to have – hypothetically – two childcare facilities serving 30 children each than it is to have 10 childcare facilities serving six children each. Certainly, in the case of an office tower with thousands of employees, having a shared, building-level childcare facility is economically sound. However, for smaller workplaces such as a bank branch, a clothing store or a coffee shop – where many Gulf women work – mandating an establishment-level childcare facility is both costly and highly inefficient.

  • Saudi oil giant spends well over a billion on ‘sportswashing,’ new report says

    “Sportswashing isn't new,” Orr said, noting the practice was developed by Western oil companies to head off potential uprisings in local communities that were grappling with worker rights and public safety. “For decades, sports have been a very effective tool for selling things, from sports drinks to shoes, flights to cereal,” she added. According to the study, the sports that attract the largest sums include football, motor sports, rugby union and golf.

  • Saudi Arabia is topper in region and 4th globally in UN digital services index

    Saudi Arabia emerged topper in the region and fourth globally in the UN digital services index. The Kingdom jumped 25 places in the UN E-Government Development Index (EGDI) 2024, becoming one of the leading countries worldwide. It ranked second among G20 countries in the index. Additionally, the Kingdom secured 7th position in the e-participation index, while the city of Riyadh ranked 3rd among 193 cities worldwide.

  • Saudi’s Aramco Digital announces multiple AI partnerships

    Aramco Digital Company and Groq, a major name in the field of artificial intelligence (AI) inference, have announced a partnership to establish the world's largest inferencing data centre in Saudi Arabia. But it's far from the only recent AI news from the digital and technology subsidiary of Aramco, the giant global integrated energy and chemicals company.

  • Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 bln into Egypt as ‘first stage’

    The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund (PIF) to pump $5 billion worth of investment money into Egypt in what it called a "first stage". The statement came after Egyptian Prime Minister Mostafa Madbouly met the Saudi crown prince in Riyadh and discussed boosting bilateral relations. The statement contained no further details on when the funds are going to be invested, the nature of the investments or in how many stages the Saudi government is planning to make its investments.

  • Transforming Saudi Arabia’s built environment

    The MEPIC, MEP International Conference, and BEDIC, Building Envelope Design and Insulation Conference, started today showcasing the Kingdom's commitment to sustainability, innovation, and modernization in its built sector. These pivotal events brought together leaders from government, industry, and academia to explore the latest advancements in construction, energy efficiency, and smart building technologies—aligned with Saudi Arabia's Vision 2030.