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‘New Launching-Off Point’ for U.S.-Saudi Ties: U.S. Imposes Sanctions, Visa Bans on Saudis for Khashoggi Killing, but Crown Prince Not Sanctioned
The Biden administration announced sanctions and visa bans on Friday targeting Saudi Arabian citizens over the 2018 killing of journalist Jamal Khashoggi, but stopped short of imposing sanctions on Crown Prince Mohammed bin Salman himself, Reuters reports. A senior Biden administration official, speaking on condition of anonymity to Reuters, said the approach aims to create […]
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After Steady Rise in Oil Prices, Saudi Arabia Plans Production Increase – Report
Saudi Arabia, the world’s largest oil producer, plans to increase oil output in the coming months as a nearly year-long recovery in oil prices is giving the Kingdom confidence that the market has improved enough to reverse a recent big production cut, the Wall Street Journal reports.
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World #1 Dustin Johnson Handily Wins the Saudi Arabia’s Third Saudi International Golf Tournament at Royal Greens
The world’s number one golfer, Dustin Johnson, handily held off some of the sport’s biggest names making last minute pushes to claim the Saudi International golf title at the Royal Greens Golf and Country Club.
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As Thaw Continues, Broadcasts by Qatar-based beIN Sports TV Channel Appear on Saudi TVs, Witnesses Say
Qatar-based TV channel beIN Sports was broadcast in Saudi Arabia on Monday after the two countries reconciled this month, ending a rift of more than three years, according to Reuters. The sports channel was barred from broadcasting in Saudi Arabia since mid-2017, when relations between the two countries were suspended, and was even the subject of international litigation between […]
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Oil Set for Weekly Gain, Hits 11-Month High on Announced Saudi Oil Cuts
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, boosted by Saudi Arabia’s pledge to cut output announced this week.
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Declaring Victory over Coronavirus, Saudi Authorities Announce Launch of Covid-19 Vaccination Program
Declaring victory over the coronavirus, Saudi Arabia announced the launch of its Covid-19 vaccination program, a week after approving Pfizer Inc. and BioNTech SE’s vaccine for its citizens. Saudi Arabia recorded only 139 new cases of infection on Sunday, the first time the figure has been under 150 since the pandemic began to take hold […]
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Saudi Prince Turki al-Faisal Offers Harsh Criticism of Israel at the Manama Dialogue Summit
Saudi Arabia’s Prince Turki al-Faisal harshly criticized Israel on Sunday at the Manama Dialogue summit that was remotely attended by Israel’s foreign minister, demonstrating the chasm that still exists between the two nations as reports claim that a deal to establish diplomatic ties may happen soon.
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Saudi Arabia’s Public Investment Fund Eyes Pivot to Domestic Investments in 2021 and Beyond
After investing billions in equities in the United States and elsewhere overseas, Saudi Arabia’s Public Investment Fund (PIF) is turning its focus to domestic investments in the Kingdom in 2021 and beyond, Bloomberg reports, citing comments from Crown Prince Mohammed bin Salman.
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Inaugural Saudi Ladies Invitational Golf Tournament Ends in Thrilling Playoff Win for Denmark’s Emily Kristine Pedersen
Saudi Arabia’s inaugural golf tournament wrapped up on Sunday with a thrilling, come-from-behind win by Denmark’s Emily Kristine Pedersen, who sealed her victory in a playoff hole after trailing the then-leader Georgia Hall by three strokes.
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Saudi Crown Prince Mohammed bin Salman Releases Rare Statement on Economic Reforms, Security
Saudi Arabia’s Crown Prince Mohammed bin Salman released a rare statement on the ongoing economic reforms in Saudi Arabia and took a firm stance against any threats to the Kingdom, as Saudi Arabia battles dual crises in the Coronavirus and lower oil revenue.
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MUST-READS
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Saudi Arabia to enforce USB Type-C charging ports for electronic devices from January 1
This decision introduced by the Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) aims to enhance the user experience in Saudi Arabia, reduce additional costs for consumers, and provide high-quality charging and data transfer technology while improving the quality of tech products.
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Saudi Arabia Megaproject Neom Says It Needs 20% of the World’s Steel
Manar Al Moneef, Neom's chief investment officer, spoke at the Global Logistics Forum in Riyadh on the weekend of October 13. According to the business news outlet Arabian Gulf Business Insight, she said, "Neom is going to be the largest customer [in logistics] over the next decade. If you look at our demand in logistics it's 5 percent of the global logistics market."
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Perspective: The New Battle for the Middle East
These two countries are historic rivals with irreconcilable goals. Vision 2030 appeals to national aspirations, whereas Vision 1979 taps into national grievances. Vision 2030 seeks a security alliance with the United States and normalization with Israel; Vision 1979 is premised on resisting the former and eradicating the latter. Vision 2030 is propelled by social liberalization; Vision 1979 is anchored in social repression.
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How EVs are changing the future of oil demand
Despite near-term challenges in some markets, the uptake of electric vehicles (EVs) globally remains strong. Last year, about 20% of new cars sold worldwide were electric – and that share is expected to continue to rise. Based on today’s policy settings by governments around the world, EVs’ market share is set to grow nearer to 50% by 2030 and beyond it soon after.
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Iran announces first joint military drills with Saudi Arabia in Red Sea
Iran has announced joint military drills with Saudi Arabia in the Red Sea, though the kingdom has yet to confirm. In a statement on Tuesday, the commander of Iran’s navy, Admiral Shahram Irani, said that they had been asked by Saudi Arabia to take part in the operations. “Saudi Arabia has asked that we organise joint exercises in the Red Sea,” he was quoted as saying by the Iranian news agency ISNA. “Coordination is underway and delegations from both countries will hold the necessary consultations on how to conduct the exercise." He did not give any details on a potential timescale.
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Secretary Blinken’s Meeting with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud
Secretary of State Antony J. Blinken met today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud in Riyadh. The Secretary underscored the importance of bringing the war in Gaza to an end and releasing all hostages. The Secretary and Foreign Minister continued discussions on how to establish security, governance, and reconstruction in the post-conflict period. The Secretary thanked the Foreign Minister for Saudi Arabia’s work to facilitate humanitarian aid into Gaza and Lebanon. They also discussed the need for a diplomatic solution in Lebanon that allows Israeli and Lebanese civilians to return to their homes.
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Saudi Economy Set for Strongest Growth in Years Amid OPEC+ Supply Boost
Saudi Arabia’s economy is set to grow by 4.4% next year, accelerating to the highest in three years from 1.3% growth expected for 2024, as OPEC+ is set to begin unwinding its oil production cuts in December, a Reuters poll of economists showed on Wednesday. On average, the economies of the six members of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – are expected to grow by 4.1% in 2025, compared to an expected 1.8% growth for this year and higher than the average estimate of 3.7% growth for 2025 in the July Reuters poll.
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Al-Khorayef: Saudi Arabia to localize production of about 200 medicines
Minister of Industry and Mineral Resources Bandar Al-Khorayef confirmed that the ministry has identified approximately 200 medicines whose localization is a priority in Saudi Arabia due to their great importance in achieving drug security. Actual steps have begun to localize 42 of these medicines in coordination and integration with governmental and private entities. He also stressed that Saudi Arabia is moving forward to become a pivotal center for the pharmaceutical and vaccine industry in the region, through effective partnerships it has concluded with major global pharmaceutical companies. Al-Khorayef stressed the importance of unifying efforts and establishing a clear reference for localizing the pharmaceutical industry to attract qualitative investments to the sector, and accelerate the steps toward achieving the goals of Saudi Arabia’s Vision 2030 in the pharmaceutical sector.
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Secretary Blinken’s Meeting with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud
Secretary of State Antony J. Blinken met today with Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud in Riyadh to discuss our common efforts to end the conflicts in the region and establish greater peace and security. The Secretary emphasized the need to end the war in Gaza, free the hostages, and enable the people of Gaza to rebuild their lives free from Hamas. The Secretary and Crown Prince discussed efforts toward a diplomatic resolution in Lebanon that allows civilians on both sides of the Blue Line to return to their homes. They continued discussions on the need to establish lasting regional stability, including through greater integration among countries in the region. They also discussed the importance of ending the conflict in Sudan, protecting civilians, and advancing a political transition to a civilian government. The Secretary expressed appreciation for Saudi Arabia’s role in promoting stability and peace in the region.
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Saudi Arabia’s World Cup Stadiums Explained
The 2034 FIFA Men’s World Cup is coming to Saudi Arabia. The Kingdom, which has been rapidly expanding its infrastructure and pushing the boundaries of architectural innovation, will now build or renovate 15 stadiums across the country, marking a bold step in its bid to become a global sporting hub. The tournament will be hosted across 11 newly constructed venues, while four existing stadiums will undergo extensive renovations to meet FIFA’s rigorous standards.
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