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State Department Readout of Secretary Kerry’s Dinner with Deputy Crown Prince Mohammed bin Salman
Secretary Kerry hosted Deputy Crown Prince Mohammed bin Salman on June 13 for an iftar dinner in recognition of the Deputy Crown Prince’s visit to the United States. “The two reviewed the strong and enduring relationship between the United States and Saudi Arabia and discussed a broad range of regional issues, including Yemen, Syria, Libya, […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Jadwa Investment: Recent Saudi Stock Market Changes ‘Pave the Way’ for Saudi Arabia’s Inclusion Into MSCI Emerging Market Index
The major announcements for Saudi Arabia’s economy and society in the last few weeks related to the release of its ‘Vision 2030’ strategy have given the Kingdom a roadmap and targeted benchmarks for achieving greater economic diversification and empowering Saudi Arabia’s youth. In addition to the ‘Vision 2030’ release and cabinet changes there was “an […]
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Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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Difficult Times for the Saudi Binladin Group
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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MUST-READS
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A day of chaos in Israel as far-right protesters storm military bases
Israel experienced hours of chaos on Monday after far-right protesters encouraged by ultranationalist politicians from the governing coalition broke into a military base where Hamas militants are detained and another base hosting the Israel Defense Forces military court.
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Oil prices stabilise after Golan Heights attack
Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in the Israeli-occupied Golan Heights put a floor under last week's price losses. Brent crude futures gained 7 cents, or 0.09%, to $81.20 a barrel at 1007 GMT. U.S. West Texas Intermediate (WTI) crude futures rose by 1 cent, or 0.01%, to $77.17. The Brent and WTI benchmarks lost 1.8% and 3.7% respectively last week on sagging Chinese demand and hopes of a Gaza ceasefire agreement.
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How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry
Saudi Arabia has witnessed a remarkable transformation in its fashion industry in recent years, emerging as a vibrant and dynamic regional hub of creativity. Now, thanks to the power of artificial intelligence, more opportunities are fast emerging. With a blend of traditional influences and modern innovation, Saudi designers have been captivating global audiences, redefining cultural norms, and showcasing the Kingdom’s rich heritage through contemporary fashion.
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Unearthing the transformative potential of Saudi Arabia’s mining sector
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transforming into a leading exporter of diverse energy types, shifting away from its traditional role as an oil producer.
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Saudi hails kingdom’s first female Olympic swimmer Mashael Alayed
Saudi dignitaries on Sunday hailed the performance of Mashael Alayed, the first female swimmer from the kingdom to compete in an Olympics. The 17-year-old is the only female swimmer in the delegation and smashed her personal best to come sixth of seven in her 200 metres freestyle heat. Female athletes were for many years an untapped reservoir of talent in the conservative Islamic state, with girls banned from participating in sport at public schools until 2017 and women not allowed into sports stadiums until the following year.
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Saudi Arabia plans 92,000-capacity stadium in Riyadh
Saudi Arabia said on Sunday it plans to build a 92,000-capacity stadium in Riyadh that can host major international events, with the kingdom looking set to win the right to host the 2034 World Cup. The Saudi sports ministry unveiled the approved design for the stadium, which is scheduled to be completed in the fourth quarter of 2029, according to the state news agency SPA. The stadium is set to serve as the main base of the Saudi national team and will be part of a sports complex featuring an indoor sports hall, an Olympic-sized pool and other facilities. It will be named after Saudi King Salman.
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External Scholarships In Saudi Arabia – Study in Saudi Platform
The Kingdom of Saudi Arabia offers a range of External Scholarships for international students through the Study in Saudi Arabia platform. These scholarships are hosted by various Saudi universities. The duration of these scholarships typically aligns with the length of the chosen academic program.
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Average life expectancy in Saudi Arabia rises to 77.6 years
The report reveals a notable increase in average life expectancy in the Kingdom, which has risen to 77.6 years. This improvement is attributed to a series of health enhancements and initiatives, including the adoption of health promotion policies across all aspects of life, the promotion of walking culture, reduction of salt in foods, calorie disclosure, and the elimination of trans fats, along with efforts to enhance healthcare services and strengthen health risk prevention.
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Saudi Arabia Registers ‘Cultural Landscape of Al-Faw Archaeological Area’ on UNESCO World Heritage List
The Saudi Minister of Culture, Chairman of the Heritage Commission, and Chairman of the National Committee for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan, has announced that the Kingdom successfully inscribed the Cultural Landscape of Al-Faw Archaeological Area in the Riyadh Region on the UNESCO World Heritage List as a cultural site of outstanding universal value to humanity.
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Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results released July 28.
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