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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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President Biden Praises ‘Courageous Leadership’ in Saudi Arabia over Yemen Truce; Plans June Visit
President Joe Biden praised Saudi Arabia’s “courageous leadership” on brokering and then leading the way to extend a U.N.-brokered ceasefire on Thursday between Yemen’s warring parties, according to reports. The comments come as President Biden reportedly is likely to visit the Kingdom this month.
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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MUST-READS
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Why Hezbollah and Israel Can’t Make a Deal
The attack demonstrated, not for the first time, the extraordinary degree of Israel’s penetration into Iran and its Arab allies. Just since January, Israel has assassinated the Hamas operative Saleh al-Arouri in Beirut, the Hamas political leader Ismail Haniyeh at a guesthouse in Tehran, and the Hezbollah military leader Fuad Shukr, again in Beirut. But the pager explosions mark an escalation, specifically, of the conflict that has been building between Israel and Hezbollah since October 8.
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Israel conducted Lebanon pager attack fearing Hezbollah was onto the operation
Israel decided to blow up the pager devices carried by Hezbollah members in Lebanon and Syria on Tuesday out of concern its secret operation might have been discovered by the group, three U.S. officials told Axios.
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The Complex Reality of Great Power Competition in the Middle East
Today’s Middle East and North Africa (MENA) region is at the core of the competition between the United States and its great power rivals, China and Russia. China has grown increasingly preoccupied with securing energy supplies from the Gulf. Russia has been invested in protecting the few allies it has in the region and in disrupting the U.S.-led regional security architecture.
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2024 Fiscal Transparency Report: Saudi Arabia
The limited data available in the government’s annual budget statement broke down expenditures by category, but not by ministry or agency. The annual budget statement did not show allocations to the royal family, and the government maintained off-budget accounts not subject to public oversight. Military and intelligence budgets were not subject to legislative oversight or a civilian public body. When actual revenues and expenditures did not reasonably correspond to those in the enacted budget, the government produced and publicly issued revised budget estimates.
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Pakistani Drivers Are The Heroes Behind Driving Saudi’s Famous Planes To Riyadh
When the famous Saudi planes rolled into Riyadh for the grand Riyadh Season, the city was buzzing with excitement! Hundreds of people lined the streets, proudly decked out in traditional Saudi clothes, waving flags, and cheering as the planes made their grand journey. But behind the scenes, the real heroes were the Pakistani drivers who made it all happen.
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7,000 Italian companies eye on Saudi market for investments
The announcement was made during the Saudi-Italian Business Forum, held on Wednesday at the Federation of Saudi Chambers’ headquarters. The Italian Ambassador to the Kingdom Carlo Balducci attended the event with over 140 companies and representatives from various government agencies from both countries.
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Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden
A tripartite partnership between SDRPY, Alwaleed Philanthropies and the UN Human Settlements Program (UN-Habitat), the project has also contributed to building the capacity of workers in the housing, construction and building sectors, the Saudi Press Agency reported on Wednesday.
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Saudi Arabia real estate market booms amidst strong residential and hospitality performance
The residential sector started strong in 2024 by delivering 27,500 units in Riyadh and Jeddah. This increased the total stock to 1.46 million units in the capital and 891,000 units in Jeddah. As such, residential sale prices experienced a 10% year-on-year (YoY) increase in Riyadh whilst average rents grew by 9% annually. In Jeddah, the pace of growth was slightly slower, with sale prices rising by 5% and rents increasing by 4% YoY during the same period.
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Saudi: Agricultural Development Fund Board approves over $533mln in loans
The board of directors of the Agricultural Development Fund (ADF) on Wednesday held its third meeting of the current fiscal year, chaired by Minister of Environment, Water, and Agriculture, and Chairman of the board Eng. Abdulrahman bin Abdulmohsen Al-Fadley. ADF Chief Executive Munir bin Fahd Al-Sahli stated that the board approved the provision of over SAR2 billion in loans and credit facilities during the meeting.
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Saudi Crown Prince Says No to Israel Ties Without Palestinian State
“This is an affirmation that the Saudi position is enduring in its support of the Palestinian cause,” Mahmoud al-Habbash, the religious affairs adviser to Mr. Abbas, said in an interview on Thursday. “We’re reassured about the Saudi stance, which is a cornerstone of the Arab and Islamic world’s position.”
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