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  • Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
     

    The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]

     
  • Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
     

    A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]

     
  • Trump’s First Foreign Trip as President is to Saudi Arabia
     

    President Donald Trump will visit Saudi Arabia as his first foreign trip since taking office, a sign of the Kingdom’s importance as an ally and trading partner to the United States. The trip will also include visits to Israel and the Vatican, meaning that Trump will be visiting the spiritual centers of Islam, Judaism and […]

     
  • ‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
     

    After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]

     
  • Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances
     

    If Saudi Arabia as the de-facto head of OPEC used to set the ceiling for the price of oil, now it looks like that role has been taken over – by U.S. shale producers. However, Saudi Arabia can still set the floor. According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC […]

     
  • Saudi Arabia Looks to Overhaul Billions in Government Projects, Report Says
     

    Saudi Arabia’s government is ordering its ministries and agencies to review billions of dollars’ worth of unfinished infrastructure and economic development projects “with a view to shelving or restructuring them,” a report in Reuters said, citing government sources. According to the report, Riyadh’s Bureau of Capital and Operational Spending Rationalization, set up last year to make […]

     
  • In First, Full Japanese Orchestra Performs in Riyadh
     

    For the first time, a Japanese orchestra has played a live performance in Saudi Arabia’s capital, the latest step forward for Saudi culture and prospects for greater entertainment options for Saudi citizens. Minister of Culture and Information Adel Al-Toraifi opened the first Japanese full orchestra concert in Saudi Arabia on Thursday night at King Fahad […]

     
  • Tadawul Announces Update on Progress To Reforms
     

    Saudi Arabia’s stock exchange, the Tadawul, today provided in a press release “an update of its progress across a range of far-reaching capital market reforms to enhance efficiency, corporate governance, and transparency.” The reforms are part of the Exchange’s efforts to further align Saudi capital market with international standards and make it more attractive to […]

     
  • Saudi Economic Data for February Paints Another ‘Mixed Picture’
     

    Saudi Arabia’s economic data for the month of February 2017 showed a mixed picture for the Kingdom, with foreign reserves falling to $514 billion in February, the lowest since August 2011. The latest Jadwa Investment monthly chartbook for February finds cash withdrawals from ATMs and POS transactions showed a downward trend, but non-oil PMI was […]

     
  • Saudi Shoura Council Takes Aim at Much Maligned Saudi Airports, Demands Vision for Change
     

    The Shoura Council asked the General Authority for Civil Aviation (GACA) Wednesday to establish a strategic vision to make Saudi airports among top ranked globally, achieve competitiveness, ensure safety and serve customers in the best manner, according to reports. Saudis are often embarrassed of their outdated and poorly operated airports and look enviously at other […]

     

MUST-READS

  • Hong Kong in talks with UAE and Saudi sovereign wealth funds for Asia investments

    Hong Kong is in talks with sovereign wealth funds in Dubai, Abu Dhabi and Riyadh to channel their investments into broader Asian markets including China and enable deals for Asian investors in the Gulf, a senior government official has said. The city, one of the biggest financial and trading hubs in Asia, has already developed a strong deal pipeline in Asia, the GCC and the broader Middle East region, in sectors such as energy, sustainability, infrastructure and utilities, commissioner for Belt and Road Nicholas Ho told The National.

  • Sudan accuses UAE of arming rivals and prolonging war, UAE accuses Sudan of refusing to talk peace

    The Sudanese government accused the United Arab Emirates on Wednesday of providing weapons to its rival paramilitary force and prolonging the 17-month war. The UAE called the allegations “utterly false” and “baseless” and accused the government of refusing to negotiate peace with its enemy.

  • Iran turns to Hells Angels and other criminal gangs to target critics

    Instead, officials said, Iran hired criminals in Eastern Europe who encountered few obstacles as they cleared security checks at Heathrow Airport, spent days tracking Zeraati and then caught departing flights just hours after carrying out an ambush that their victim survived — perhaps intentionally, investigators said, to serve as a warning but not trigger the fallout that would come with the murder of a British citizen.

  • Chinese Premier vows stronger trade, investment ties with Saudi Arabia

    “China and Saudi Arabia should further expand the scale of bilateral trade, deepen cooperation in traditional areas such as oil and gas, petrochemicals and infrastructure construction … [while expanding] to new energy, information and communications, digital economy, green economy … and work together to maintain the stability of the global industrial supply chain,” the premier said, according to the official People’s Daily newspaper.

  • Saudi Games 2024 Torch Arrives in NEOM

    The torch for the third edition of the Saudi Games 2024 arrived in NEOM on Tuesday, as part of its promotional tour for the largest national sports event in the Kingdom. The event will be held in Riyadh from October 3 to October 17.

  • Saudi’s new Investment Law promises FDI level playing field

    On August 11, the country announced the new regime which will replace the existing Foreign Investment Law from next year, unifying local and foreign firms under a single investment rulebook for the first time. It is the latest in a string of legislative changes designed to lift transparency and closer align business law in the Middle East’s biggest economy to international standards.

  • Saudi Aramco says will launch first branded gas station in Pakistan by year end

    Saudi oil giant Aramco said on Wednesday it would launch its first branded retail gas station in Pakistan by the end of the year, having already completed the acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd. (GO) in May. Aramco is a global integrated energy and chemicals company that produces approximately one in every eight barrels of the world’s oil supply. GO, one of Pakistan’s largest retail and storage companies, is involved in the procurement, storage, sale and marketing of petroleum products and lubricants.

  • Travelex looks at expansion into Saudi Arabia amid kingdom’s $800bn tourism push

    Travelex, the UK-based foreign exchange company, is exploring opportunities for its entry into Saudi Arabia as the kingdom aims to invest $800 billion to develop its tourism sector, attract international visitors and diversify its economy away from oil revenue. The global travel money services business is currently in discussions to enter the lucrative market and is considering airports across the country as part of wider plans to expand into high-growth markets in the Middle East and Asia, Richard Wazacz, chief executive of Travelex, told The National.

  • Netanyahu’s Other War

    “Judicial reform is not on the agenda,” Prime Minister Benjamin Netanyahu declared at a press conference on October 28, referring to his government’s program to eviscerate the supreme court and give the executive unconstrained power. Major  protest organizations that had risen to fight Netanyahu’s power grab switched their  mission overnight to philanthropy—helping bereaved families and displaced residents of border towns. Amid sirens warning of incoming rockets from Gaza, arguments over judicial review could obviously wait.

  • Rory McIlroy Says New York City Meeting Between PGA Tour, Saudi PIF Is ‘Peculiar Timing’

    Rory McIlroy expressed surprise Wednesday at the timing of meetings taking place between the leaders of golf’s divided factions, but said the reason behind a December exhibition between players on both sides was to try and show the world the possibilities going forward. Speaking ahead of the DP World Tour’s Irish Open at Royal County Down, McIlroy discussed the match he disclosed last week that would see him and Scottie Scheffler of the PGA Tour play against LIV Golf’s Bryson DeChambeau and Brooks Koepka.

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