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  • King Salman Extends Eid Al-Fitr Holiday Break
     

    Saudi Arabia’s King Salman issued a directive to extend this year’s Eid Al-Fitr, the end of the Holy month of Ramadan holiday, to give government employees and military staff a full working week off to mark the holiday, which falls at the end of Ramadan. Although the exact start date of Eid has yet to be officially announced, […]

     
  • Saudi World Cup Squad Beats Greece in Friendly, Will Play Cup Host Russia on June 14
     

    Saudi Arabia’s World Cup squad won a friendly match against Greece 2-0 on Tuesday as the Kingdom sets its sights on its first tournament bid since since 2006. ESPN.com has an excellent breakdown of the Saudi team and how it got to secure its first World Cup bid in over a decade, since failing to qualify […]

     
  • Design Released for Saudi Arabia’s New Global Business School in Jeddah
     

    Renderings of the forthcoming Global Business School in Jeddah have been published online, depicting a massive building that will serve as a modern campus for the educational institution in Saudi Arabia’s second largest city. The new business school, which will have both Saudi and international students, is expected to open in 2020 and will operate […]

     
  • Will Trump’s JCPoA Decision Affect U.S.-Saudi Nuclear Talks?
     

    President Trump’s decision to withdraw the United States from the so-called Iran deal may have an effect on the ongoing negotiations between the U.S. and Saudi Arabia, according to analysts, as Energy Secretary Rick Perry hopes to steer Saudi nuclear negotiators into an “acceptable 123 agreement with additional protocols.” The U.S. is hoping to position Westinghouse among […]

     
  • Saudi Arabia Launches $13b ‘Quality of Life 2020’ Program to Promote Entertainment, Health, and Sports
     

    At a ceremony in Riyadh yesterday, the Kingdom unveiled its plans to spend 50 billion riyals ($13.33 billion) by 2020 on a new ‘Quality of Life 2020’ initiative to promote entertainment, health, sports and education as part of a modernizing drive by Crown Prince Mohammed bin Salman, according to Reuters. The program, which aims to generate 300,000 […]

     
  • Following Audit, Saudi Aramco Reserves ‘Higher than Expected’
     

    An audit of Saudi Aramco’s oil reserves done ahead of a planned IPO has found the state oil giant “to have higher reserves than it previously reported,” Reuters reports, citing sources familiar with the matter. Saudi Arabia’s oil, which is easily recoverable from the ground compared with shale sources found in the United States and […]

     
  • Saudi King, Crown Prince Attend Groundbreaking Ceremony for Qiddiya, Saudi Arabia’s Answer to Disneyworld
     

    Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman attended the opening ceremony this week of the Kingdom’s massive forthcoming entertainment city, Qiddiya, on the outskirts of Riyadh this weekend. Qiddiya represents another major investment in expanding social outlets for Saudis backed by Saudi Arabia’s PIF. The entertainment city sits 40km from downtown Riyadh and […]

     
  • Will Saudi Arabia Send Troops to Syria? Foreign Minister Adel Al-Jubeir Says Talks with U.S. Ongoing
     

    Saudi Arabia’s Foreign Minister Adel Al-Jubeir said it is “in discussions with the United States about sending troops to Syria,” according to the Washington Post, as President Trump seeks a way out for the U.S. military there. In comments to reporters in Riyadh, Al-Jubeir said the deliberations on what type of force needs to remain in […]

     
  • Arab Leaders Gather in Dhahran to Unite on Regional Challenges
     

    Arab leaders gathered in Dhahran this weekend for the 29th session of the Arab Summit, held for the first time at the recently-opened King Abdulaziz International Cultural Center in Dhahran. The group called on Sunday for an international probe into the “criminal” use of chemical weapons in Syria and condemned what it saw as Iran’s […]

     
  • Saudi Arabia’s Swings for Fences With ‘Bold, Risky’ Solar Bet
     

    Saudi Arabia and SoftBank signed a MOU to build a $200 billion solar power project this week in New York, dwarfing all other existing or planned projects in the world and placing the Kingdom and its 3,000 hours of sunshine a year into a global leadership position in the renewable energy field. The project, unveiled in New York this week […]

     

MUST-READS

  • Saudi Telecom Jumps Most Since 2008 After Dividend Boost

    Shares in Saudi Arabia’s top telecom company rose the most in almost 16 years after the company announced plans to boost quarterly dividends and said it may consider handing over more money to investors via special payments. Saudi Telecom Co. jumped 9.9% on the Saudi stock exchange on Sunday to 43.70 riyals ($11.65) a share, its biggest move on a closing basis since October 2008.

  • US return of offensive weapons sales to top customer Saudi Arabia set to boost revenue

    The Biden administration reversed the three-year-old policy this month, which was originally meant to pressure the kingdom over its involvement in the Yemen war – a move that the US may now be regretting given its own need to curb the Houthis now. Saudi Arabia – the main recipient of US arms exports from 2019-2023, according to the Stockholm International Peace Research Institute (Sipri), could boost revenue that made up 15 per cent of total US global arms exports at the time.

  • Incredible photos reveal 75-mile canyon for £800 billion futuristic city

    Also known as The Line, it aims to create a 75-mile long futuristic city that prioritises pedestrians and green spaces while minimising environmental impact. Once completed, it is set to feature towering skyscrapers, an artificial mountain and ski resort, an octagonal floating port, a dedicated swimming lane for commuters as well as a sophisticated AI and robots network designed to serve its uber-rich residents.

  • Saudi Arabia’s Public Investment Fund (PIF) boosts economic diversification

    Saudi Arabia's Public Investment Fund (PIF) has managed to double the value of its investment portfolio aimed at developing and enhancing emerging sectors, reaching 943 billion Saudi Riyals (equivalent to EUR 231 billion) by the end of 2023.  This significant increase reflects a key strategy to strengthen its role in the Kingdom's economic transformation and diversification of its revenue sources, thereby reducing dependence on oil.

  • Commentary: OPEC’s and Saudi Arabia’s moment of truth

    In the next few weeks, Saudi Arabia and its OPEC allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices, calendar spreads and refinery margins, amid concerns about the outlook for petroleum consumption, have dramatised the danger of getting it wrong. Boosting production despite downward revisions to consumption growth and a continued output increases from rivals in the United States, Canada, Brazil and Guyana risks another accumulation of inventories and a slump in prices.

  • Turki Al-Sheikh unveils theme of 94th Saudi National Day

    Advisor Turki Al-Sheikh, chairman of the General Entertainment Authority (GEA), announced on Thursday the theme of Saudi Arabia’s 94th National Day, which falls on September 23 each year. The theme “We dream, we achieve,” carried over from last year, highlights the significant projects related to the Saudi Vision 2030 and showcases the Kingdom’s leading role in various fields.

  • Hornets defender Hoedt makes Saudi switch

    Watford Player of the Year Wesley Hoedt has left the club to join Saudi Pro League outfit Al-Shabab. The 30-year-old - who has won six caps for the Netherlands - joined the Hornets from Belgian side Anderlecht in January 2023. Hoedt made himself a fans' favourite with a goal on his debut against Blackburn and went on to play 15 times in 2022-23, then every minute of 48 games last season, wearing the captain’s armband on 32 occasions.

  • Israel and Hezbollah in major missile exchange as escalation fears grow

    Hezbollah launched hundreds of rockets and drones at Israel early on Sunday, as Israel's military said it struck Lebanon with around 100 jets to thwart a larger attack, in one of the biggest clashes in more than 10 months of border warfare. Missiles were visible curling up through the dawn sky, dark vapour trails behind them, as an air raid siren sounded in Israel and a distant blast lit the horizon, while smoke rose over houses in Khiam in southern Lebanon.

  • What is Islamic State, the group implicated in Germany stabbing?

    Islamic State has described the 26-year-old Syrian man taken into custody after a stabbing rampage in the western German city of Solingen as a "soldier" of the group. Though largely crushed by a U.S.-led coalition several years ago, IS has managed some major attacks while seeking to rebuild. They include an assault on a Russian concert hall in March that killed at least 143 people and two explosions in the Iranian city of Kerman in January that killed nearly 100 people.

  • Saudi perfume maker sets IPO price guidance

    Al Majed for Oud Company, a Riyadh-based perfume and oud products manufacturer, has set the price range for its initial public offering (IPO) between SAR90 and SAR94 ($23.99-$25.05) per share. The institutional book-building period started on Sunday and will end on August 29. The company is floating 30 percent of its capital, or 7.5 million shares, on the Saudi stock exchange.