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Saudi Arabia, Palestine to Set Up Joint Business Council
Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council, the SPA reports. Palestinian President Mahmoud Abbas visited Riyadh on Wednesday and met with King Salman and Crown Prince Mohammed bin Salman. The official Saudi Press Agency said that the leaders reached “an agreement on the establishment of a […]
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Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. Until today, visas were largely restricted to pilgrims, business travelers and expatriate workers, leaving much of Saudi Arabia – including 5 UNESCO World Heritage sites, […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts
Saudi Arabia’s new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher. The comments from the new minister came after a meeting of ministers from […]
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Saudi energy ministry appoints new head of REPDO, the Kingdom’s renewables body
Saudi Arabia’s energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan. Faisal Al-Yemni, who was previously chief executive at GCC Assets Investment and Development Company and has […]
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Women in Saudi Arabia begin exercising new travel rights as reforms progress
Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint. This week’s announcement by the Departments of Passport and Civil Status that the organization has begun enforcing the amended Travel Documents Law and regulations […]
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Saudi Aramco Picks Advisors for Second Run at Initial Public Offering
Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg. “The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be […]
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U.S. Ambassador to Saudi Arabia Praises Kingdom’s Generosity and Hospitality during 2019 Hajj
US Ambassador to Saudi Arabia John Abizaid praised the Kingdom’s hospitality during this year’s Hajj season, noting Saudi Arabia’s generosity was “truly on display for the world to see.” “On behalf of the United States Mission to Saudi Arabia I would like to extend our best wishes to all Muslims in Saudi Arabia and around the world […]
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UAE’s Sheikh Mohamed bin Zayed Visits Jeddah, Mecca for Meetings with Top Officials
The Crown Prince of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, arrived in Jeddah today for talks with Saudi Arabia’s top leaders, according to reports. The Crown Prince was received at King Abdulaziz International Airport in Jeddah by Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defense and former Saudi Ambassador to […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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Saudi Arabia plans to allow tougher nuclear oversight by IAEA this year
Saudi Arabia plans to scrap light-touch oversight of its nuclear facilities by the U.N. atomic watchdog and switch to regular safeguards by the end of this year, the kingdom said on Monday, a step the watchdog has long been calling for. Saudi Arabia has a nascent nuclear programme that it wants to expand to eventually include activities like proliferation-sensitive uranium enrichment. It is unclear where its ambitions end, since Crown Prince Mohammed bin Salman has said for years it will develop nuclear weapons if regional rival Iran does.
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UK trade minister to meet Gulf state officials in Saudi Arabia
Reynolds will discuss ambitions for a trade deal with members of the Gulf Cooperation Council in Riyadh on Monday. The bloc is made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Talks began in July for a deal that would boost the UK economy by £1.6 billion ($2.1 billion), the Department for Business and Trade said.
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3 Customs Authority officials arrested in Rabigh over SR2.23 million bribery charges
An official source at the Oversight and Anti-Corruption Authority (Nazaha) has announced the arrest of three employees from the Zakat, Tax, and Customs Authority (ZTCA) at King Abdullah Port in Rabigh. The arrests were made in collaboration with the Ministry of Interior. The employees, identified as Rashid Mohammed Al-Shabrami, Mohammed Ahmed Al-Jizani, and Saleh Hamoud Al-Harbi, are accused of accepting a total of SR2,232,000 in bribes from a number of expatriates.
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Russia and Ukraine exchange 103 prisoners each in deal mediated by UAE
The exchange of a total of 206 prisoners was facilitated in the UAE’s eighth such mediation, the Gulf nation’s Ministry of Foreign Affairs said in a statement on social media platform X. “We have successfully brought back another 103 warriors from Russian captivity to Ukraine,” Zelenskyy posted on X on Saturday. The freed Ukrainians included 82 privates and sergeants and 21 officers from the Armed Forces of Ukraine, the National Guard of Ukraine, border guards, and police officers, he said.
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EU mission starts Red Sea oil tanker salvage
An operation trying to salvage a stricken oil tanker, burning in the Red Sea for almost a month now after attacks by Yemen's Houthi rebels, has begun, according to a European Union naval mission on Saturday. The EU's Operation Aspides released images showing its vessels escorting three ships making their way toward the Greek-flagged oil tanker Sounion. The operation aims to prevent an environmental disaster in the region.
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Iraqi and US forces kill a top IS commander and other militants in joint operation
Iraqi forces and American troops have killed a senior commander with the Islamic State group who was wanted by the United States, as well as several other prominent militants, Iraq’s military said on Friday. The operation in Iraq’s western Anbar province began in late August, the Iraqi military said, and involved also members of the Iraqi National Intelligence Service and Iraq’s air force.
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Saudi Ranks Among Top Countries For Child Welfare And Education Opportunities
Saudi has emerged as a global leader in child welfare and education, ranking among the top nations where citizens believe children are treated with respect and dignity, according to the 2023 Gallup World Poll. Iain Drennan, executive director of WeProtect Global Alliance, praised the Gulf region’s achievements in safeguarding children. He emphasized the importance of ensuring children’s rights, particularly in light of global challenges like child abuse and online exploitation.
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Analysis: Saudi Arabia’s FDI Outlook
Strong economic foundations and extensive international relations contribute to growing FDI in Saudi Arabia’s tourism, construction, electronics, and financial service sectors, among others. Correspondingly, GlobalData’s FDI database records 735 announced and 572 opened FDI projects in Saudi Arabia, between Q1 2019 and Q3 2024.
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China’s Expanding Solar Footprint in the Gulf
China’s recent third plenum highlights the Communist Party’s commitment to guiding the country’s economy through ongoing global tensions and domestic challenges by focusing on sustainable, high-quality growth fueled by advanced technologies. Despite a robust economic performance and a leading role in global green energy, China’s solar industry faces significant turbulence from overexpansion, fierce competition, and external tariffs. As the sector confronts these difficulties, Chinese solar companies are strategically expanding into Gulf markets, leveraging the region’s immense solar potential while navigating the risks associated with intense competition and harsh environmental conditions.
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Territorial Disputes Threaten Iran-Arab Detente
The uneasy detente between Iran and its Arab neighbors is not only threatened by the state of Iranian-U.S. relations but also by dormant territorial disputes. These include disputes over the Greater and Lesser Tunb and Abu Musa islands claimed by the United Arab Emirates and oil and gas fields that Iran shares with neighboring countries – which Iran has not developed due to the international sanctions regime and restricted access to technology. Should the Islamic Revolutionary Guard Corps and its engineering arm, Khatam al-Anbia Construction Headquarters, engage in developing the fields, Iran and its Arab neighbors may find themselves entangled in renewed crises.
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