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  • 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 […]

     
  • Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
     

    Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]

     
  • Saudi Oil Reserves Are Even Bigger than Previously Estimated
     

    An independent audit of Saudi Arabia’s oil reserves found that the Kingdom has more oil than previously estimated, according to reports and an official statement from the government of Saudi Arabia. The audit, conducted by Houston-based petroleum consultants DeGolyer & MacNaughton, had concluded that Saudi Arabia’s oil reserves total 268.5 billion barrels – over 2.2 […]

     
  • Reports: Potential Deal for New Saudi Investment in U.S. Energy Sector
     

    Saudi Arabia is reportedly eyeing an investment in U.S. liquefied natural gas (LNG) in what would mark a “sea change in the energy flows between the U.S. and Saudi Arabia,” the Wall Street Journal reported Tuesday citing unnamed sources. The WSJ reports the “landmark decision” would mark a shift for Saudi Arabia, which in the past has been an energy […]

     
  • Secretary of State Pompeo Kicks Off 8-Nation Middle East Tour
     

    Secretary of State Mike Pompeo begins a weeklong tour of eight Arab nations in the Middle East through Jan. 15, including a visit to Saudi Arabia. The Secretary’s schedule will take him to Amman, Cairo, Manama, Abu Dhabi, Doha, Riyadh, Muscat, and Kuwait City. Pompeo will give a major speech about America’s role in the region and privately […]

     
  • Salaries in Saudi to Increase 5-6% in 2019, Women Participation to Rise 15%, Study Says
     

    Salaries for mid-level to senior professionals in Saudi Arabia will rise between 5-6% on average in 2019 and women will see a 15% rise in workforce participation in 2019, a recent study by GCC-based recruitment consultancy Cooper Fitch said. The study, the Cooper Fitch Salary Guide for the Kingdom of Saudi Arabia in 2019, provides salary expectation […]

     
  • Oil Posts Biggest Weekly Gain Since December 2016
     

    Brent crude headed for its biggest weekly gain since December 2016 after several months of price falls as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy, according to reports. The weekly gain – nearly 9% on the Brent crude index – follows three weeks of losses and its worst quarter in […]

     
  • Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
     

    Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]

     
  • Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up
     

    A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index. The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in […]

     
  • Saudi GDP Grew in 3Q, but Non-Oil Growth Slows
     

    Saudi Arabia’s economy grew in the third quarter of 2018 at its fastest rate since early 2016, according to reports, but non-oil growth slowed to 2.1 percent from 2.4 percent. The economic expansion came on the back of the oil sector, Reuters reports, with gross domestic product growth up 2.5 percent from a year earlier. But the slowing […]

     

MUST-READS

  • Saudi Arabia drives MENA e-commerce growth during festive season: Report

    A joint study by Flowwow and Admitad found that during the 2024 holiday season, Saudi Arabia was a major factor in the 44% increase in e-commerce orders throughout the Middle East and North Africa (MENA) region. Gifting, cultural celebrations, and mobile shopping trends all contributed to the spike. Around 62% of online purchases in Saudi Arabia were made on mobile devices, making it the country with the highest adoption rate of mobile commerce. The MENA e-commerce market is predicted to grow significantly and reach USD 50 billion by 2025, according to the report. Activity in this market significantly increased over the holiday season.

  • Saudi firm completes $1.24bn takeover of Olam’s agri unit

    Saudi Arabia’s SALIC International Investment Company has acquired a 35.43% stake in Olam Agri Holdings for $1.24 billion. The deal, which closed on December 23, 2024, values Olam Agri Holdings at US$3.5 billion. Olam Group will retain a majority stake of 64.57% in the agricultural unit. The transaction was first announced in March 2022. As part of the agreement, Olam Agri and the Saudi Agriculture and Livestock Investment Company (SALIC) have established a Strategic Supply & Cooperation Agreement, aimed at expanding Olam’s presence in Middle Eastern markets.

  • Annual rainfall up 53% in Saudi Arabia

    The annual rainfall in Saudi Arabia recorded an increase of 53.4% in 2023 compared to the previous year, according to figures from the kingdom’s General Authority for Statistics. The state agency also revealed that the amount of flood water that flowed into the kingdom’s dams last year amounted to 1,564 million cubic metres, recording an increase of 164.1% compared to the previous year.

  • Maximum fine of SR100000 for intentionally blocking or obstructing public road

    The executive regulations of the Law of the Protection of Public Facilities stipulate that anyone who intentionally damages, blocks or obstructs a public road or flood drainage passages shall be slapped with a fine of 75 percent of the cost of repairing the damaged area, not to exceed SR100000. In the event of committing the violation by a group of persons, they shall jointly bear the value of the penalty, and this does not prevent the completion of the procedures for referring the perpetrators to the competent court. The executive regulations, approved by Minister of Municipalities and Housing Majid Al-Hogail, obligate the violator to compensate for all damages caused to the public facility, including the costs of repairing the damage caused.

  • Saudi National Team Qualifies for Semi-finals of 26th Arabian Gulf Cup with 3–1 Victory Over Iraq

    The Saudi national football team has secured its qualification for the semi-finals of the 26th Arabian Gulf Cup after defeating Iraq 3–1 in its final group-stage match today. Saudi goals came from Forward Salem Al-Dawsari, who converted a penalty in the 57th minute, and Striker Abdullah Al-Hamdan, who scored in the 81st and 86th minutes. Iraq’s sole goal was scored by Forward Mohanad Ali in the 64th minute. With this victory, the Saudi team increased its points tally to six and secured its place in the semi-finals alongside group leader Bahrain.

  • Saudi Arabia to provide $500m in new economic support for Yemen

    Saudi Arabia announced on Friday a new economic support package for Yemen worth $500 million and aimed at bolstering the government’s budget, stabilizing the Central Bank of Yemen, and fostering the development and stability of the Yemeni people. The latest assistance includes a $300 million deposit into the Central Bank of Yemen to improve economic and financial conditions, alongside $200 million to address the Yemeni budget deficit, the Saudi Press Agency reported.

  • Saudi Arabia condemns Israel’s burning of Gaza hospital

    Saudi Arabia on Friday denounced the burning of a Gaza hospital by Israeli forces and the forced removal of patients and medical staff from the facility. Hospital officials said that Israeli troops raided Kamal Adwan Hospital on Friday, gathered staff outside the facility, removed their clothes, and took them to an unknown location. Israeli soldiers then set fire to several parts of the facility, which is one of the last operating in the northernmost part of the Gaza Strip, including the surgery department, according to the Palestinian health ministry in the enclave.

  • ‘Year of the Camel’: A Celebration of Saudi Heritage and Identity

    The Ministry of Culture declared 2024 the "Year of the Camel", an initiative that celebrated the unique bond between men and camels, and showcased the enduring legacy of these magnificent creatures.  In the Holy Quran, the camel is described as a marvel of creation. Islamic tradition highlights the significance of camels to the lives of prophets, notably the she-camel of Prophet Saleh, a divine miracle, and Al-Qaswa, the Prophet Muhammad's companion. King Abdulaziz bin Abdulrahman Al Faisal Al Saud, the founder of modern Saudi Arabia, acknowledged the significance of camels; his own journey of unification was inextricably linked to his she-camel, "Masiha", which was not merely a means of transportation but also a symbol of his unwavering determination and resilience.

  • Saudi Arabia’s Year in Sport: Highlights from a blockbuster 2024 in the Kingdom

    From football to Formula 1 and boxing to MMA, 2024 has been a huge year of sport in Saudi Arabia, as the Kingdom continues to cement its position as one of the globe’s leading destinations for elite-level competition. Last Saturday’s heavyweight boxing clash between Tyson Fury and Oleksandar Usyk was the final major sporting event of a memorable year, which has seen numerous records tumble and titles change hands. With the curtain coming down on 2024, Al Arabiya English reflects on another busy 12 months of sport in the Kingdom.

  • Saudi Arabia publishes camel vocabulary guide

    The King Salman Academy of Arabic (KSGAAL) has unveiled a comprehensive linguistic resource that includes terms and expressions related to camels, their breeds, colors, life stages, and diseases. In addition to the scientific section, the dictionary features a chapter on idioms, proverbs, stories, fairy tales, and poems dedicated to these iconic animals, Azernews reports. KSGAAL Secretary General Abdullah Al-Vashmi emphasized that the guide is a vital tool for preserving and understanding the central role of camels in Arab culture. Historically, these animals were the primary means of transportation, traversing mountains, valleys, and deserts like ships crossing the sea.