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Saudi Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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Saudi Arabia Turns on the Taps: Crude Exports Rise for 5th Straight Month
Saudi Arabia continues to ratchet up crude oil exports to meet demand as prices rise, with exports rising in September for a fifth month in a row to their highest since January, Reuters reports, citing the Joint Organization Data Initiative (JODI).
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State Department Releases U.S.-GCC Iran Working Group Statement; Calls for Iran to ‘Seize the Diplomatic Moment’
Diplomats from the U.S., Saudi Arabia and other GCC nations convened in Riyadh this week to discuss a coordinated effort to counter Iran’s “range of aggressive and dangerous policies,” the State Department confirmed in a statement.
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Lydia Ko Wins Aramco Saudi Ladies International by Five Shots
Lydia Ko shot a 65 in the final round on Sunday of the Aramco Ladies International to win the tournament by five strokes. Ko shot a 63 on Saturday to take a four stroke lead going into the final day of the tournament, tying the course record and helping her achieve a winning score of 23 under […]
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Will Oil Reach $100?
In June, Bank of America forecasted that oil may reach $100 by sometime in 2022 on surging demand and a rebounding global economy. At the time, the Charlotte, NC-based bank was the most bullish of the major forecasters for a return to triple digits by 2022.
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Mashable Review: ‘The Lucid Air is the Future of Cars’
Lucid Group, Inc., the electric car maker backed by Saudi Arabia’s Public Investment Fund (PIF), recently gave a sneak peak of its forthcoming Lucid Air Dream Edition to a small group of media representatives at its main factory in Casa Grande, Arizona. One of those media people, Chris Taylor from Mashable, gave the car a […]
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Oil Drives Exports Rebound in July 2021 after Pandemic Year
Saudi Arabia’s exports continued to show signs of a rebound, with total exports rising 79.6% in July 2021 versus the same month last year when the global pandemic choked international trade and oil prices remained lower.
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SABIC, Exxon Mobil JV on Gulf Coast Prepares for Initial Startup – Report
Saudi petrochemicals firm SABIC said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup, according to Reuters.
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Saudi Arabia Re-Allows Entry From and Travel to UAE, Argentina and South Africa – SPA
Saudi Arabia removed the United Arab Emirates, Argentina and South Africa from its entry banned country list and re-allowed citizens to travel to the three countries starting Sept. 8, Reuters reports, citing state media. The decision comes just weeks before Dubai is set to host the Dubai Expo 2020 trade fair.
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Saudi FIFA World Cup 2034 bid chief spotlights Kingdom’s hosting credentials
The head of the Saudi Arabian Football Federation’s FIFA World Cup 2034 bid unit, Hammad Albalawi, insists the Kingdom is primed to deliver the biggest single-host nation event in the tournament’s history a decade from now. The Saudi bid was officially unveiled last month, with 15 stadiums across five host cities - Riyadh, Jeddah, Abha, Al Khobar and NEOM - set to welcome fans when the quadrennial festival of football is, as expected, awarded to the Kingdom.
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Container traffic at Saudi ports up 14.6% in 2023
Saudi Arabia’s ports have witnessed a 14.6% increase in inbound and outbound container traffic during FY 2023 when compared to the year before, according to the General Authority for Statistics (GASTAT) which issued the kingdom’s Maritime Transport Statistics Publication results for 2023. The figures also show a 33.8% increase in ship traffic at the kingdom’s ports in 2023 compared to 2022. The total ship traffic at Saudi ports stood at 19,082.
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Tourism new driver for enhancing Saudi Arabia’s rating: S&P
The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of the new factors supporting the Kingdom’s credit rating.
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Commentary: The myths that are building the Saudi nation
To the Western eye, it might seem that MBS is showing the world that the new Saudi Arabia is a young and flashy amalgam of construction sites and sci-fi city planning, with a dash of esports and AI thrown in. But this is all merely window dressing. Scratch a little deeper and it’s not just a new city that is being built. Behind the scenes, something deeper and far more interesting is going on. The Kingdom is recasting its whole national identity.
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Saudi Arabia National Day 2024 – Google Doodle
Today’s Doodle celebrates Saudi Arabia’s National Day! On this day in 1932, Saudi citizens celebrated the establishment of the Kingdom of Saudi Arabia.
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Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors
Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.
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2,000 people celebrate Saudi National Day with historic run through Jeddah
About 2,000 men, women and children took part in the Jeddah Green Spirit Run on Friday, setting off from Bab Jadeed in the heart of the city’s Historic District. Organized by Masafat Club, in collaboration with the Ministry of Sports, Sports for All Federation and Jeddah Historic District, the 5 km and 2 km races were held to mark Saudi National Day.
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Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman
Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday evening to discuss regional security challenges and our mutual interest in deterring aggression and reducing tensions across the region. They agreed to continue strengthening the United States-Kingdom of Saudi Arabia defense partnership to help restore stability and calm to the region.
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Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway
In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.
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Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024
According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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