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Viral Videos Show Sandstorms Engulfing Riyadh, Other Cities in Saudi Arabia
Viral videos emerging from social media show parts of Saudi Arabia experiencing an intense sandstorm which engulfed cities and towns in the Kingdom and forcing authorities to issue a weather warning.
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Oil Rises to $69 a Barrel on Brent as OPEC+ Supply Curbs Boost Prices
Oil rose to around $69 a barrel on Tuesday, a day after jumping above $70 for the first time in over a year as investors focused on prospects for tighter supply due to extended OPEC+ output curbs and amid growing hopes of a recovery in demand, according to a report from Reuters.
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No Damage from Attempted Houthi Missile Attack on Saudi Aramco Facility, Oil Temporarily Spikes
An attempted Houthi missile and drone strike on a Saudi Aramco facility in Dhahran did not cause any loss of life or damage to property, but initial concern over the attack caused oil’s price to spike on international indices before paring back those gains, Saudi authorities said.
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Saudi Arabia’s Tourism Ambitions Expand to Mountainous Asir Province
Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern mountainous Asir region, according to Reuters and Saudi Arabia’s official press agency.
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Despite Uncertainty, Saudi Economy to Experience Broad-Based Recovery in 2021 – Jadwa Investment
Saudi Arabia will experience a broad-based economic recovery in 2021 as the Kingdom moves beyond the damage caused by the Coronavirus pandemic and low oil prices, Jadwa Investment said in a recent research note. The Riyadh-based bank’s expectations for the Kingdom’s economy come despite a “considerable degree of uncertainty” surrounding the Coronavirus and vaccination roll-outs across […]
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In Op-Ed, Ambassador Princess Reema bint Bandar Says Gender Equality Must Be A Global Priority
In a passionate op-ed published by Harper’s Bazaar Arabia, Saudi Ambassador to the U.S., H.R.H. Princess Reema Bint Bandar Al Saud urges leaders and others around the world to do more to support gender equality and argues “there is no better time to advance women’s roles in society than now.”
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After Strong Finish in 2020, Oil Likely to Continue Steady Comeback in 2021 — Jadwa Investment
After a strong finish to 2020, oil demand will continue rising in Q1 and during the rest of the year on a quarterly basis, but still end up 3 percent lower than pre-COVID-19 levels by the end of 2021, a recent report by Jadwa Investment on the market said.
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October Data: Saudi Oil Exports Drop $5 Billion, Down Nearly One Third
Saudi Arabia’s oil exports in the month of October fell by 18.9 billion riyals ($5.04 billion), down by nearly a third, while non-oil exports fell by 0.3%, according to data obtained by Reuters.
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Saudi Arabia’s Air Force Receives Final F-15SA Fighter Aircraft in Deal Signed under Obama Administration
The Royal Saudi Air Force has received the last F-15SA advanced fighter aircraft from the United States as part of a massive $29bn foreign military sales (FMS) agreement agreed to with the Obama administration in 2010. An advanced version of the F-15S, the F-15SA is equipped with several capabilities to enable the Royal Saudi Air Force […]
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Saudi Arabia, Qatar Near Deal to End Three Year Rift — Report
Saudi Arabia and Qatar are nearing a “preliminary deal” to end a three-plus year rift between the two Gulf nations, according to Bloomberg.
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MUST-READS
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Driving Reductions in Emissions: Unlocking the Potential of Fuel Economy Targets in Saudi Arabia
The adoption of more stringent fuel economy standards represents a pivotal pathway toward achieving net zero emissions in the transportation sector. By steadily increasing the fuel efficiency of vehicles, this approach drives a gradual but consistent decline in emissions. When coupled with the simultaneous integration of electric and alternative fuel vehicles into the market, the goal of net zero emissions becomes increasingly feasible.
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Saudi Arabia buys around 235,000 metric tons of wheat, GFSA says
Saudi Arabia’s main state wheat buying agency, the General Food Security Authority (GFSA), on Monday purchased around 235,000 metric tons of hard wheat in an international tender, the agency said.
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Thousands flee their homes as Israeli forces bomb southern Gaza
Israeli forces bombarded several areas of the southern Gaza Strip on Tuesday and thousands of Palestinians fled their homes in what could be part of a final push of Israel's intensive military operations in nine months of war. Eight Palestinians were killed and dozens wounded, health officials said. Israel's military said that two soldiers had been killed in battle a day earlier. Israel's leaders have said they were winding down the phase of intense fighting against Hamas, the Islamist group that has governed Gaza since 2007, and would soon shift into more targeted operations.
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Saudi Arabia’s sovereign wealth fund swings to $36.8 bln profit in 2023
Saudi Arabia's sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday, after posting a loss of $15.6 billion a year earlier. Total revenues at the Public Investment Fund more than doubled to $88.3 billion last year from $44 billion in 2022, according to a regulatory filing.The rise in revenues was driven by factors including an improvement in both investment and non-investment activities in sectors like banking, telecommunications and gaming, as well as increased dividends.
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Nazaha: 155 government officials arrested over corruption charges
The Nazaha said in a statement on its X account that its officials carried out a total of 924 inspection raids during the last month of June. The Nazaha initiated a number of criminal and administrative cases following the oversight rounds in June, which resulted in the investigation of cases against 382 officials accused of various corruption charges.
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EV Metals Group completes initial exploration programme at Saudi Arabia project
The Project, located 450 km east of Jeddah in the South-East of the Arabian Shield, comprises 13 tenements, covering a total area of approximately 1200km2. All 13 tenements already have exploration licenses granted with the final 2 having recently being granted in April. Previous work conducted to date indicate the prospects of lithium and rare earths. RIWAQ also holds 2 separate tenements, which are prospective for nickel and copper/molybdenum porphyry systems respectively. These are both pending final grant.
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Saudi Arabia introduces mandatory health insurance for 3.7 million domestic workers
Saudi Arabia has today introduced mandatory health insurance for domestic workers employed by households with more than four staff, according to the Saudi Council of Health Insurance (CHI). The CHI says the move is part of the CHI and the Insurance Authority’s efforts to enable all beneficiaries to access comprehensive care and prevention and to empower stakeholders to achieve justice, transparency, excellence and performance.
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Saudi energy minister announces discovery of 7 oil, gas deposits
Saudi Arabia’s energy minister announced the discovery of seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, Saudi Press Agency reported on Monday.Prince Abdulaziz bin Salman said Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs,” SPA said.
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Saudi Customs thwarts attempt to smuggle 3.6 million Captagon pills at Jeddah Islamic Port
Customs inspectors at Jeddah Islamic Port thwarted an attempt to smuggle 3,633,978 Captagon pills, which were found hidden in a consignment coming to Saudi Arabia. The Zakat, Tax and Customs Authority (ZATCA) explained that a shipment consisting of “iron equipment” was received at the port, and when it was subjected to routine customs inspections using modern security techniques, a quantity of grains was found hidden within the shipment.
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Organizational structures for health clusters approved
It is noteworthy that the first phase of the health transformation was completed by the Ministry of Health by the end of 2023 with the launch of 20 health clusters to serve beneficiaries in various regions of the Kingdom. Eight paths of the modern healthcare model were implemented, which include heart attack path, the stroke path, the early detection path for breast cancer, early detection path for colon cancer, serious injuries path, the obesity path in adults, the diabetes path in adults, and the palliative care path.
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