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Seven Important Takeaways from Saudi Deputy Crown Prince Mohammed bin Salman’s Lunch Meeting with President Trump
A “senior advisor to Deputy Crown Prince Mohammed bin Salman” released an enthusiastic statement following yesterday’s meeting between the Prince and President Trump, calling the meeting a “huge success.” Observers of the U.S.-Saudi relationship will read the full text of the statement closely. It provides some insight into the thinking of Saudi leaders on the […]
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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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Saudi Arabia Makes Diplomatic Push to Warm Ties with Iraq
Saudi Arabia’s Foreign Minister Adel Al-Jubeir made a surprise trip to Iraq on Saturday, the first trip there by a Saudi foreign minister since 1990. While in Baghdad, Al-Jubeir met with Iraqi Prime Minister Haider Al-Abadi and his counterpart, Ibrahim Al-Jaafari. Al-Jubeir said that Saudi Arabia plans to appoint a new ambassador and resume direct flights […]
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Petrochemicals Sector in Saudi Arabia Remains Vital for Vision 2030 Aims
The Petrochemicals sector in Saudi Arabia makes up 60% of the Kingdom’s non-oil exports and remains vital to the Kingdom’s Vision 2030 aims, according to a recent study on the sector released by Jadwa Investment. The sector’s prominence in the non-oil economy means it has been identified by both the National Transformation Program (NTP) 2020 and […]
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“Ken of Arabia” Lands Moelis and Co. as Lead Advisor for Saudi Aramco IPO
Saudi Aramco has chosen New York-based boutique investment bank Moelis & Co as an adviser on its plans for what is expected to be the world’s biggest initial public share offer, Reuters reports. Moelis & Co secured the role of lead independent adviser. The selection is set to move the small newcomer, and its CEO, […]
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Raw Video Emerges of Houthi Attack on Saudi Frigate as U.S. Sends Destroyer to Red Sea
Raw video has emerged online of a Houthi attack on a Saudi frigate that damaged the ship and drew the condemnation of Saudi Arabia and its allies. Suicide boats belonging to the Houthi militias from Yemen struck the Saudi frigate off Hodeida port in the Red Sea. Two crew members were killed and three were […]
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Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]
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Jeddah Cell Connected to ISIS Busted after Two Saudis Blow Themselves Up During Raid
Saudi Arabia has busted a large terror cell after two Saudis blew themselves up during a gun battle in Jeddah, the Kingdom’s second-largest city. In addition to the two dead, 16 suspected terrorists have been arrested, including three Saudis and 13 Pakistani nationals, according to the Saudi Gazette. The Kingdom has also named the two […]
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Saudi: Nationwide Initiative To Replace Old ACs
Previously, a similar effort targeted seven major Saudi cities and ended in late 2023. Created in 2010, the Saudi Energy Efficiency Centre also launched an initiative for installing high-efficiency air conditioners that ended in late 2021. The air conditioner market in Saudi Arabia is projected to rise in value from the current SR2.3 billion to SR3.1 billion by 2029, according to a recent media report.
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Qualcomm, Aramco and RDIA Plan Design in Saudi Arabia Startup Program
Qualcomm, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.
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KAPSARC Leverages GIS for Off-Grid EV Charging in Saudi Arabia
So, while EVs certainly lower greenhouse gas emissions, EVs will continue to emit CO2 until the grid is completely green. Thus, charging EVs off-grid with a charging mechanism based on 100% renewable energy creates EVs that produce no tailpipe emissions and none from the charging power.
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Saudi Arabia: Women’s fashion projected to become $53bn market by 2030
Rising female workforce participation, coupled with increasing westernisation of clothing, besides rising social media influence and mushrooming of online shopping platforms are the driving forces for the unprecedented growth in the fashion wear segment in Saudi Arabia, the research by global advisory firm RedSeer said.
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First Iraqi car enters Kuwait after 33 years
Iraqi Ambassador to Kuwait, Al-Manhal Al-Safi, announced yesterday the entry of the first Iraqi car into Kuwait in more than 33 years. This came ahead of the football match between the Iraqi and Kuwaiti national teams in the Asian qualifiers for the 2030 World Cup, scheduled to be held tomorrow. Al-Safi said on his account on X that the car belongs to an Iraqi citizen who came to attend the match, and thanked Kuwait for the warm reception.
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UAE completes Arab world’s first nuclear plant
Abu Dhabi's Barakah Nuclear Energy Plant will produce 40 terawatt-hours (TWh) of electricity annually after its fourth and final reactor entered commercial operation, the state-owned Emirates Nuclear Energy Corporation (ENEC) said in a statement. It will generate 25% of the electricity needs of the hot, desert Gulf state, where air-conditioning is ubiquitous – nearly the equivalent of New Zealand's annual consumption, ENEC said.
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Dr. Basma AlBuhairan: A Story of Cross-Sector Leadership
The Kingdom’s ranking in global innovation and technology indices is continuously improving. Saudi Arabia jumped 10 ranks to achieve 2nd place among the G20 countries according to ITU’s ICT Development Index (IDI) 2023
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How a Saudi university’s AI solution is revolutionizing Red Sea coral conservation
The groundbreaking technology, Coral-AI, combines real-time environmental monitoring with automated delivery of beneficial microorganisms, offering a proactive approach to preserving coral health not just in the Red Sea, but potentially across the world’s oceans. The Red Sea, the world’s northernmost tropical sea, is a semi-enclosed body of water connected to the Mediterranean Sea and the Arabian Sea through the narrow Suez Canal and Bab Al-Mandab Strait.
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Iran’s president visits Iraq amid Middle East tensions
Iranian President Masoud Pezeshkian visited Iraq on Wednesday on his first foreign trip, signalling the clerical establishment's intention to strengthen ties with a strategic ally of both Tehran and Washington as regional tensions rise. Pezeshkian, a relative moderate who was elected in July, met Iraqi Prime Minister Mohammed Shia al-Sudani at the start of a three-day visit that Tehran and Baghdad said would include the signing of a number of agreements and discussion of the Gaza war and the situation in the Middle East.
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23 years later, September 11 families continue quest for accountability from Saudi Arabia through civil lawsuit
Now, as survivors and the victims’ families commemorate another anniversary, they await a federal judge’s pivotal decision in their yearslong legal battle with the Kingdom of Saudi Arabia over their claim of KSA’s role in backing an extremist support network that assisted the hijackers in the US leading up to the attack on the World Trade Center and the Pentagon on September 11, 2001. The Kingdom denies the allegations.
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