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Saudi King Salman, Crown Prince Mohammed bin Salman Congratulate President-Elect Biden, Harris on Election Win
Saudi Arabia’s King Salman bin Abdulaziz and his son Crown Prince Mohammed bin Salman on Sunday congratulated U.S. President-elect Joe Biden and Vice President-elect Kamala Harris on winning the presidential election, the Saudi Press Agency said.
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Saudi Arabia Plans $2 billion Boost for Space Program by 2030
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space program, The Saudi Space Commission (SSC), by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis, Reuters reports.
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In Washington, Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Discusses Regional, Global Issues
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan took part in a virtual appearance yesterday with the Washington Institute for Near East Policy and discussed a range of regional and global issues following the inaugural U.S-Saudi Strategic Dialogue meetings with Secretary of State Mike Pompeo.
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Inflation, Unemployment Tick Up as Kingdom Seeks Path to Recovery for Economy – Report
Saudi Arabia saw an increase in unemployment and an uptick in inflation in recent months as the Kingdom seeks a pathway toward economic recovery following a period of low oil prices and the global Coronavirus pandemic, according to the most recent chartbook from Jadwa Investment.
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Saudi Government Lifts Suspension of Entry and Exit into Saudi Arabia for Residents, Visa Holders
The Government of Saudi Arabia announced changes effective September 15 that allow holders of current residence permits (known as “iqamas”) with a valid entry/exit visa as well as holders of a valid business or visit visa to enter (including exit and re-enter) Saudi Arabia, according to an advisory provided to SUSTG.
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New Digital Art Museum, with ‘Crowdpleasing Immersive Experiences’, to Launch in Jeddah in 2023
Tokyo-based multimedia collective group teamLab has signed a partnership agreement with Saudi Arabia’s Ministry of Culture to provide immersive experiences for a new digital art museum in Jeddah, according to reports, the latest investment by the Saudi government into the culture and lifestyle industry in the Kingdom.
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Saudi Electricity Co. Sells $1.3 Billion of Green Sukuk
Saudi Electricity Co. sold the first green bond in Saudi Arabia in what amounts to the “latest milestone in the expansion of environment-friendly debt instruments,” according to a report in Bloomberg.
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Report: Saudi Aramco Slows Diversification Plans Amid Lower Oil Prices, Dividend Pledge
Saudi Arabia’s state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
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World Bank Pauses ‘Doing Business’ Reports as it Probes Data Collection, Review Irregularities
The World Bank will put on hold further publication of its widely-followed “Doing Business” reports after the organization said it will probe irregularities in data collection, according to Reuters.
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FTSE Russell Launches Saudi Arabian Government Bond Index
Global index provider FTSE Russell launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, according to reports and a statement from the FTSE.
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Final off take agreement signed to localize 7 insulin products
The agreement was concluded in partnership with the National Unified Procurement Company for Medical Supplies (NUPCO), Sudair Pharmaceutical Company, Sanofi, and Novo Nordisk. This agreement reflects Saudi Arabia's efforts to enhance its production capabilities and its commitment to creating an attractive investment environment and thus strengthening its position as a regional center for the pharmaceutical industry in line with the goals of Saudi Vision 2030.
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Blinken on new quest for Saudi ties with Israel
The top US diplomat flew directly from Tel Aviv in Israel to the Saudi capital Riyadh, a mere two-hour flight impossible on commercial airliners, on a tour of the Middle East days before the US election. Speaking to reporters on the tarmac in Tel Aviv, Blinken urged keeping "eyes on the strategic prize" of Israel-Saudi normalisation as his efforts for a Gaza ceasefire ground on with no immediate breakthrough in sight. "There remains, despite everything that's happened, an incredible opportunity in this region to move in a totally different direction," Blinken said before boarding his US government plane.
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Saudi Arabia’s 2023 FDI data reflects success of Vision 2030: Al-Falih
“As a result of these positive shifts in FDIs, we expect to see more investors entering the Saudi market to take advantage of the country’s economic and investment strength, the stability of its policies, its long-term economic vision, and its solid financial and monetary fundamentals. Additionally, they will benefit from Saudi Arabia's strategic location, which serves as a gateway to growth opportunities throughout the Middle East and beyond,” Al-Falih said.
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Blinken and Crown Prince Salman discuss Gaza in US push for Israel-Saudi Arabia normalisation
US Secretary of State Antony Blinken met Saudi Crown Prince Mohammed bin Salman in Riyadh on Wednesday as part of a diplomatic push to “end the conflicts” in the Middle East. Mr Blinken “emphasised the need to end the war in Gaza, free the hostages and enable the people of Gaza to rebuild their lives free from Hamas", State Department spokesman Matthew Miller said in a readout of the meeting.
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Eleventh Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies
An eleventh relief plane of the Saudi air bridge, operated by the King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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Blinken scraps Jordan stop on Gaza truce tour, heading to Saudi Arabia instead
US Secretary of State Antony Blinken will travel to Saudi Arabia on Wednesday for talks on normalization with Israel as he pushes for a ceasefire in Gaza, a US official tells reporters. Blinken, who is on a regional tour expected to last throughout the week, will travel to Saudi capital Riyadh instead of previous plans to head to Jordan due to scheduling issues, the official says on condition of anonymity. The normalization deal is widely seen as dead in the water, as Riyadh is now conditioning it on the establishment of a Palestinian state — a nonstarter for Israel.
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Saudi Arabia enlists BlackRock to improve MBS market: Report
According to data available on Argaam, the Saudi Real Estate Refinance Co. (SRC) signed an agreement with BlackRock to develop the real estate finance sector, expand the local and international investor base, and ensure market stability and diverse financing options.
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Rafael Nadal gives brutally honest verdict on Saudi Arabia criticism and sportswashing claims
“What happens is that there comes a certain moment when you can be in one place or another, based on your opinion. I respect all opinions, as long as mine are also respected,” Nadal began. “Do they pay me to come here? Yes. But we must not lose perspective. You come here and what do you think? Are you doing good or bad? Because the only problem in the end is that you get paid for it. “Because, really, by coming here, you help the country. And those who speak in such a drastic way against the country, very well. “So, what do you want? For them to continue being bad, for them to continue keeping the country locked up, with more inequality? There is only one reality. “In the end, by coming here, we make events happen and tourists come, something that didn’t happen four or five years ago.
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Trees of the Gulf: Olive Trees and a Mediterranean Diet in the Desert
Aside from the sea itself, there is nothing that defines Mediterranean culture and heritage more than the olive tree. While entrepreneurs and immigrants from the Mediterranean to places with similar climates, such as California and parts of Australia, have planted olive groves and developed small industries, olive oil from outside the Mediterranean is a niche product, rarely held in high regard. But Saudi Arabia is challenging the Mediterranean’s 6,000-year hold on olive oil on a grand scale.
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Attackers kill 5, injure 22 at Turkish aviation site
Two attackers killed five people and wounded 22 others on Wednesday in what Ankara called a terrorist attack at the Turkish Aerospace Industries headquarters, where witnesses said they heard gunfire and an explosion. Interior Minister Ali Yerlikaya said both attackers were killed after the attack, adding two of the injured are in critical condition. TV broadcasters showed footage of armed assailants entering the TUSAS building near Ankara.
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