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  • Number of Executed in Saudi Arabia in 2016 Dips Slightly from 20-Year High
     

    Saudi Arabia executed 153 people in 2016, a slight reduction over 2015 (158) that marked a 20-year high for the Kingdom. Though figures for Iran and China are less transparent and not yet available for 2016, both countries appear to have executed significantly more than Saudi Arabia last year. China has been dubbed the “world’s most prolific executioner” […]

     
  • U.S. Chamber of Commerce Brings Global Initiative on Health and Economy to Saudi Arabia
     

    A delegation from the U.S. Chamber of Commerce recently traveled to Saudi Arabia as part of an initiative aimed at promoting healthy living as a way to achieve a thriving economy. The U.S. Chamber’s Global Initiative on Health and Economy works to promote health as an economic asset around the world. This month, representatives from the […]

     
  • Major U.S. $7.9 Billion Weapon Sales Plans Include $3.51b in Chinooks to Saudi Arabia
     

    The Defense Security Cooperation Agency (DSCA) has approved five notifications of weapon sales to Congress, including 48 Chinook Cargo Helicopters for Saudi Arabia, Apache helicopters for the United Arab Emirates and TOW missiles for Morocco, according to reports. The estimated cost for the Saudi purchase is $3.51 billion. The Defense Security Cooperation Agency delivered the required […]

     
  • King Salman Dances in Qatar, Causes Social Media Buzz
     

    Saudi Arabia’s King Salman set social media sites buzzing after he was seen dancing the traditional Ardha dance alongside his counterpart, the Qatari Emir HRH Sheikh Tamim bin Hamad Al Thani. The King’s visit to Qatar is part of his tour of several GCC countries this week. King Salman arrived from the UAE, where he celebrated the Emirates’ […]

     
  • Saudi Arabia Replaces Labor Minister, Appoints 30 Women to Shoura Council
     

    Saudi King Salman appointed a new Minister of Labor on Sunday and appointed 30 women to the Shoura council as the Kingdom seeks to turn short term economic pain into long term stability and diversification with its Vision 2030 policy. Dr. Ali bin Nasser al-Afis (also spelled Ali bin Nasser al-Ghafis) is the new Minister, replacing Dr. Mufrej […]

     
  • Jadwa Investment: ‘Prudent Policies’ Should Decrease Saudi Deficit in 2017
     

    Jadwa Investment’s recently released macroeconomic update for the Kingdom’s economy finds that “prudent policies” have been taken to reform the fiscal budget. The Riyadh-based bank said that “fiscal consolidation, coupled with improved non-oil revenues, will mean a smaller-than-anticipated fiscal deficit in both 2016 and 2017. This consolidation will, nevertheless, negatively impact private sector activity, thereby […]

     
  • Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
     

    The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]

     
  • GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years. The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination […]

     
  • At Ceremony in Seattle, Saudia Receives First Boeing B777-300ER, Commits to Vision 2030 Goals
     

    Saudia’s top executive held a press conference in Seattle on Tuesday announcing the Kingdom’s commitment to the goals of the government’s Vision 2030 reform plans, a day before receiving the airlines’ first Boeing B777-300ER aircraft supplied with new and luxurious compartments for first class passengers. Saudia Director General Saleh Bin Nasser Al-Jasser said that the […]

     
  • Saudi Arabia’s Former Minister of Petroleum and Natural Resources Ali Al-Naimi Pens Memoir
     

    Saudi Arabia’s former Minister of Petroleum and Natural Resources Ali Al-Naimi has penned a memoir that offers “a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco,” Reuters reports. Out of the Desert: My Journey from Nomadic Bedouin to the Heart of Global Oil, published by Portfolio Penguin, “describes the battles waged […]

     

MUST-READS

  • Saudi Arabia’s adoption of fintech makes it an ideal DeFi hub, experts say

    “The financial sector here is heavily reliant on traditional intermediaries, with limited access to financial services for many citizens. DeFi can change this by providing decentralized financial services accessible to everyone, regardless of their location or financial status,” he told Arab News. DeFi can facilitate affordable and accessible services such as lending, borrowing, and investing, and enhance cross-border transactions with instant speed and almost zero fees, he added.

  • Saudi fast food chain AlBaik set to make its debut in Pakistan

    The announcement comes as a Memorandum of Understanding (MoU) was signed between officials of the Al Baik Food System Company and Gas & Oil Pakistan Limited (GO). The signing ceremony was attended by high-ranking Saudi and Pakistani delegations under the patronage of Saudi Minister of Investment, Engineer Khalid Al-Falih, state-run APP reported on Friday, October 11.

  • Saudi to begin construction of Landbridge in early 2025: Report

    Saudi Arabia will start construction of the Landbridge project that costs $7 billion (SAR 26.3 billion) in early 2025, MEED reported citing a source close to the project. Saleh Al-Jasser, Minister of Transport, said in January 2023 that the project will be implemented by a Chinese-led consortium of 11 international firms, Argaam earlier reported.

  • How Saudi Arabia is partnering with Denmark in sustainable wastewater management

    Denmark’s approach to water sustainability relies on innovative technologies that reduce water wastage while conserving energy and resources. Danish engineering firms like Grundfos are making an impact in Saudi Arabia by introducing solar-powered pumping systems to supply water to remote and off-grid areas where access to electricity may be limited. According to Morten Riis, the company’s group senior director, their water solutions target not only groundwater and rivers but also focus on reducing water loss and optimizing energy consumption in the process.

  • Pentagon: US approves multi-billion-dollar weapons sales to Saudi Arabia, UAE

    The US has approved new weapons sales to the UAE and Saudi Arabia worth a combined $2.25 billion, the Pentagon announced on Friday. In separate statements, the Pentagon said that the State Department had approved the possible sale of 220 AIM-9X Block II Sidewinder Tactical Missiles and other related equipment worth an estimated $251.8 million.

  • Riyadh leads Saudi Arabia’s hot property market

    Strong population and employment growth in Riyadh is driving a surge in real estate transactions as new properties cannot come on the market fast enough. A dramatic rise in the number of deals in the 12 months to the end of June was also visible in Jeddah and Dammam, according to a report this week by real estate consultancy CBRE. Authorities are trying to raise the national home ownership rate to 70 percent under Vision 2030. An estimate shared with AGBI by the Sico Bank research team last month found that Saudi Arabia has already hit a “fairly strong” 62 to 65 percent of citizens owning their home.

  • Saudi Arabia to set up $186m concrete factory to supply 170km-long city

    Plans have been announced to build a $186m concrete plant as part of the huge Neom development programme in Saudi Arabia’s northwestern Tabuk Province. Saudi building materials company Asas Al-Mohileb is to develop and operate the facility, which will be able to produce over 20,000 cubic metres of ready-mix a day. The multi-plant facility will incorporate carbon capture and utilisation technology.

  • U.S. approves weapons sales to Saudi Arabia, UAE valued up to $2.2B

    The U.S. State Department approved the sale of billions of dollars in weapons to Saudi Arabia and the United Arab Emirates, two important allies against Iran as tensions rise in the Middle East. The Biden administration told Congress that it approved the sale of dozens of Hellfire and Sidewinder missiles to Saudi Arabia. The more than $1 billion sale also includes artillery, tank and machine gun ammunition.

  • Walking a Tightrope: How Gulf States are Navigating the Iran-Israel Conflict

    While Washington and Tel Aviv often present their partnerships with the Gulf as a success, the reality is more complex. Since 2021—and particularly after the March 2023 reconciliation agreement between Iran and Saudi Arabia—the GCC states have increasingly prioritized diplomacy over confrontation, engagement over isolation, and regional dialogue over military escalation. This is a major shift from the time of the Donald Trump administration, when Saudi Arabia, Bahrain, and the United Arab Emirates openly supported the U.S. “maximum pressure” campaign against Iran, hoping to contain Tehran’s influence through U.S. and Israeli security guarantees.

  • FIFA urged to put more human rights scrutiny into 2034 World Cup deal with Saudi Arabia

    Two months before FIFA is set to confirm Saudi Arabia as the 2034 World Cup host, the soccer body was urged again Friday to allow independent scrutiny of the kingdom’s human rights obligations for the tournament.  A group of law and human rights experts plus Saudi activists abroad want FIFA to mandate ongoing reviews — and a potential termination clause — into the 2034 World Cup hosting contract.