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AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport
AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design “inspired by the optical illusion of a desert mirage.”
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With Demand Recovery Accelerating, Oil Markets Tick Up
Stronger consumption of oil globally pushed markets higher on Friday as countries move forward with opening back up despite concerns about the Coronavirus pandemic.
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Report: PIF to buy 2.32% stake in India’s Jio Platforms for $1.49 billion
Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ digital unit Jio Platforms for $1.49 billion, Reuters reports.
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Second Wave: Saudi Arabia Continues Battle Against COVID-19 Spread; 3,717 New Cases Reported
Saudi Arabia announced 36 more Coronavirus deaths and 3,717 new cases of the disease on Wednesday, a significant uptick in cases as the Kingdom deals with a second wave after initial successful efforts in flattening the curve.
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SAMA Uses Blockchain for Local Deposits of Announced Funds
The Saudi Arabian Monetary Authority (SAMA) used blockchain technology to deposit part of the liquidity that SAMA had previously announced to be injected into the banking sector “as part of SAMA’s actions aimed at enhancing the sector’s capabilities to continue its role in providing credit facilities,” the organization announced.
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Jadwa Chartbook: Saudi economic data from April shows Coronavirus impact
Economic indicators for the Saudi economy in April reflected the impact of COVID-19 containment measures on the local economy, with PMI remaining in contractionary territory, Jadwa Investment said in its recently-released chartbook.
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Sports Diplomacy in the Middle East: King Faisal Center for Research and Islamic Studies to Host Live Broadcast May 19th
The King Faisal Center for Research and Islamic Studies (KFCRIS) will host a live broadcast on Tuesday, May 19th at 3:00pm Washington, D.C. time (10:00 pm in Riyadh) on Sports Diplomacy in the Middle East, featuring speakers HRH Prince Faisal bin Bandar bin Sultan, president of the Saudi Arabian Federation for Electronic and Intellectual Sports (SAFEIS). The event […]
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‘Pockets of Demand’ Seen Returning for Oil as Suppliers Curb More to Boost Price
Areas of increased demand for oil are emerging as suppliers, lead by Saudi Arabia, cut additional output in hopes of boosting crude’s price, according to reports.
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Saudi Arabia’s coronavirus cases grow to 35,000
The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections, Reuters reports.
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Analysis: Saudi Arabia Could ‘Emerge from the Pandemic Stronger, both Economically and Geopolitically’
In an opinion piece in Foreign Policy magazine, a former advisor to President Barack Obama and professor at Columbia University says it is likely that Saudi Arabia will emerge from the Coronavirus pandemic “stronger, both economically and geopolitically” and that its bold moves in oil markets created a win for the Kingdom.
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MUST-READS
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Ranked: The World’s 50 Largest Private Equity Firms
In 2023, private equity firms controlled $8.2 trillion in assets globally according to McKinsey & Company, a figure that has rapidly expanded since the industry first emerged 40 years ago. As large investors such as pension funds and insurance companies increasingly look to private markets, these alternative asset managers have seen their assets grow by more than twofold in the last five years.
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This 256 km highway in Saudi Arabia is world’s longest road without a bend
Saudi Arabia's Highway 10 has emerged as the world's longest straight road, surpassing Australia's Eyre Highway, according to the Guinness World Records. This achievement marks a significant milestone in transportation infrastructure, offering travellers an unparalleled journey across vast distances with unobstructed views. This 256-kilometre (159-mile) asphalt stretch cuts through the vast Rub Al-Khali desert, also known as the Empty Quarter, the largest sand desert in the world, without any bends left or right, or any appreciable gradient up or down.
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Saudi experts on urban heritage give lectures in Paris
Experts on urban heritage from Saudi Arabia are giving a series of lectures on the topic at the UN Educational, Scientific and Cultural Organization offices in Paris. Organized by the Saudi Heritage Commission, the program of four lectures explores some of the initiatives developed by the organization and the wider strategies on urban heritage in the Kingdom, the Saudi Press Agency reported. The first lecture delved into material and intangible methods for preserving urban heritage, while the second looked at the development of traditional architecture in Al-Ahsa.
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Commentary: Religious tolerance is at the core of the Gulf’s strategic thinking
It has become fashionable for many modern secularists to demonise religion as being a major barrier to peace. When they learn someone is devout, it often wrongly conjures up images of extreme confessional intolerance, such as the Spanish Inquisition torturing suspected heretics based on flimsy evidence. It is perhaps not a surprise, then, that the significant role religion plays in daily life in Gulf countries – including the political and legal systems – occasionally draws antipathy and hysterically negative media coverage in the West.
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U.S. military completes temporary pier off Gaza; deliveries to start within days
The U.S. Army has completed a temporary pier on a Gazan beach; trucks should begin hauling away the first 500 tons of aid for civilians within days, with thousands more tons in the pipeline, Pentagon officials said Thursday.
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San Remo: The Middle East’s Most Important Treaty You Never Heard Of
A year and half after the end of World War I, the victorious Allied Powers convened at a villa in northern Italy to decide the fate of the defeated Ottoman Empire and redraw the map of the Middle East, which had been part of that empire. The result of this conference was The Treaty of San Remo which was signed on April 24, 1920.
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Opinion: The Gaza Crisis Pushes Washington and Riyadh Closer
Riyadh wants to conclude defense agreements and to advance regional peacemaking, but when it comes to Netanyahu’s government, it has no peace partner. On the contrary, Saudi Arabia must contend with an Israeli leader who has promised to launch an offensive into Rafah, creating the potential for a regional explosion that Iran will exploit. Can Saudi leaders secure and justify some kind of defense agreement with the United States without signaling that they have not turned their back on the Palestinians?
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Zain invests $427mn to expand 5G, digital services in Saudi Arabia
Saudi telco Zain KSA announced plans to invest a total of SAR1.6 billion ($427 million) to expand its 5G network and digital services ecosystem in Saudi Arabia, local press reported. The operator said it will expand its current 5G network coverage to 122 cities across the country.
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The Future of EV Charging: Spotlight on the UAE and Saudi Arabia
KSA has also made several high-profile investments through its sovereign wealth fund, the Public Investment Fund (“PIF”). In 2023, PIF and Saudi Electricity Company established a 75%/25% owned joint venture, the Electric Vehicle Infrastructure Company (“EVIQ”). EVIQ intends to install 5,000+ fast chargers by 2030 in over 1,000 locations across KSA. It also aims to promote private sector participation in the development of this network and support the localisation of research, development, and manufacturing of technologically advanced materials.
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Calls for change mount as Saudi lady doctor dies in car crash post her 24-hour shift
The Saudi medical community has mourned the loss of Dr. Aziza Fatani, a dedicated neonatal intensive care doctor who died in a car accident after completing a 24-hour shift at a hospital in Jeddah.The incident, which occurred last Sunday, has sparked widespread calls for reform in hospital work schedules.
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