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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
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On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman
Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base where the U.S. has deployed defense capabilities.
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Saudi Aramco Sees Increased Number of Cyberattacks since Late 2019
Saudi Aramco has seen an increase in attempted cyber attacks since the final quarter of 2019 and has successfully repelled all of them so far, according to a Reuters report, which cited comments from an interview with chief information security officer Khalid al-Harbi.
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Report: Saudi Air Defenses Repel Latest Houthi Missile, Drone Strikes at Oil Facilities
Rocket and drone strikes fired by Iran-backed Houthi rebels at Saudi targets last week – including at Aramco oil facilities – were successfully shot down by Saudi air defenses, according to the Wall Street Journal which cited Saudi officials.
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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Saudi Arabia launches third phase to build up solar power capacity, invites bidders for new projects
Saudi Arabia’s energy ministry has issued a request for qualifications for the third round of the Kingdom’s National Renewable Energy Program (NREP), which comprises of “four Solar PV projects with a combined generation capacity of 1,200 MW,” the Saudi Press Agency said.
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Saudi Arabia’s Spending Cuts Could Reduce the Kingdom’s ‘Fiscal Vulnerabilities’ to Oil Price Fluctuation, IIF Says
Saudi Arabia will lower government spending in 2020 as the Kingdom’s economic and social reforms start to kick in. That could help reduce Saudi Arabia’s medium-term fiscal vulnerabilities to lower oil prices, the Institute of International Finance (IIF) said, and put Saudi on track for a balanced budget by 2023.
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Saudi Arabia to Grant Citizenship to ‘Scientists, Intellectuals and Innovators’ From Around the World
In a bid to attract top talent and spark innovation in the Kingdom, Saudi Arabia has announced that it would grant full citizenship to “scientists, intellectuals, and innovators” from key sectors and focuses, according to reports.
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Saudi Arabia Gears Up to Host G20 Summit; Saudi FM Travels to Japan for Ceremony
Saudi Arabia is making major preparations to host the annual gathering of the leaders of the Group of 20 (G20) nations next year in Riyadh, the 15th meeting of the group that is set to thrust the city into the global spotlight. The meeting will be held on November 21–22, 2020, and will be chaired […]
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Turkiye and Saudi Arabia forge defence technology partnership
The cooperation encompasses a broad range of defence sectors, including unmanned aerial vehicles (UAVs), missile systems, electronic warfare and advanced software systems. Turkish defence firms, renowned for their cutting-edge innovations, are expected to play a crucial role in the modernisation of Saudi Arabia’s defence industry. This partnership not only allows Saudi Arabia to acquire sophisticated military technologies but also to develop its indigenous production capabilities through joint ventures and collaborative research initiatives.
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Mastercard and Saudia Partner to Empower Women Entrepreneurs in Saudi Arabia with ‘Her Voice’
This season, Mastercard and Saudia will be putting inspiration into action by partnering with Blossom Accelerator, Saudi Arabia's first tech-inclusion and female-focused accelerator, to host three workshops — in Jeddah, Riyadh, and Khobar — providing budding female entrepreneurs, aspiring leaders, and small business owners access to all-important learning and networking opportunities.
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Defender Cancelo leaves Man City for Saudi club Al-Hilal
Manchester City defender Joao Cancelo has moved to Saudi Pro League club Al-Hilal in a £21.2m deal. The 30-year-old Portugal international joined Pep Guardiola's side from Juventus for £60m in 2019 and became a key component of the side.
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Shedding light on the non-profit sector in Saudi Arabia
While the sector has shown rapid growth in recent years, Al-Mubarak highlighted how there remains a long road ahead. “At the end of 2023, the non-profit sector contributed just under 0.9% to the economy. The goal of Vision 2030 is to lift the sector’s contribution to 5% of GDP by 2030. Achieving this would require the sector to grow by a factor of five in the next five years.”
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MBS reaffirms support for Palestinians in Riyadh meeting with Mahmoud Abbas
During the meeting, the Crown Prince reaffirmed Saudi Arabia’s commitment to engaging with international and regional parties to help de-escalate the situation, SPA added. He also emphasized the Kingdom’s support for the Palestinian people in their pursuit of legitimate rights, a dignified life, and a just and lasting peace.
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Saudi Arabia, Netherlands Explore Cooperation in Football
President of the Saudi Arabian Football Federation (SAFF) Yasser bin Hassan Al-Misehal received Dutch Ambassador to the Kingdom of Saudi Arabia Hans Peter van der Woude today at the federation's headquarters in Riyadh. During the meeting, the two officials discussed aspects of cooperation in the field of football. They also reviewed the latest developments in collaboration between the Saudi and Dutch federations in areas such as youth development, women's football, and technological solutions related to modern football.
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At least nine Palestinians killed as Israel mounts major West Bank operation
At least nine Palestinians were killed on Wednesday, Palestinian authorities said, as Israeli forces raided the flashpoint cities of Jenin and Tulkarm as well as other areas in the occupied West Bank in a major operation involving helicopters and drones. The assault, one of the largest seen in the West Bank for months, followed a series of smaller raids in the area over recent weeks as Israeli forces sought to crush groups of fighters from Palestinian militant groups.
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AI’s race for US energy butts up against bitcoin mining
U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like Amazon (AMZN.O) and Microsoft (MSFT.O) to scavenge for vast amounts of electricity.
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Lego to replace oil in its bricks with pricier renewable plastic
Toymaker Lego said on Wednesday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply. Lego, which sells billions of plastic bricks annually, has tested over 600 different materials to develop a new material that would completely replace its oil-based brick by 2030, but with limited success.
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Saudi Arabia Signals Ambition to Host Olympic Games
“We as a country are setting up for doing more and more, and I think the Olympics is a logical step,” said Prince Faisal bin Bandar bin Sultan Al Saud, chairman of the Saudi Esports Federation. “But, when we are ready.” The prince spoke on the sidelines of the closing ceremony for the first ever Esports World Cup, which was held in Riyadh and featured a record prize pot for the industry, at $60 million.
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