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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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Gradual Private Sector Recovery Underway in Saudi Arabia, Latest Data Indicates – Jadwa Investment
Saudi Arabia’s private sector is beginning to see signs of a gradual recovery, with non-oil PMI rising for the second consecutive month in October, Jadwa Investment says in its latest monthly Chartbook for the Saudi economy.
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G20 Saudi Secretariat Announces Digital Summit to Discuss Inclusive Growth in Aftermath of Covid-19
The G20 Saudi Secretariat as part of the International Conference program announces a four-day digital event series to explore how businesses, governments, and citizens can drive opportunities for inclusive growth through regulation, new technologies, and long-term strategic approaches in the aftermath of the Covid-19 pandemic.
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Road to the G20: Saudi Arabia Hosts Space Economy Leader Meeting
Saudi Arabia’s Space Commission organized 2020′s first meeting of space agency leaders that belong to G20 countries, as part of its chairmanship of the G20 this year.
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MUST-READS
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Saudi Arabia makes significant progress in WEF skilled employees index
Saudi Arabia has been strengthening its labor market for the last few years. The number of Saudi nationals working in the private sector increased from 1.7 million in 2019 to over 2.3 million in 2024, and the unemployment rate dropped to 7.6% during Q1 2024.
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Over 25,000 beehives spread across Saudi royal reserve for honey production season
The Imam Turki bin Abdullah Royal Nature Reserve Development Authority has said that 25,737 beehives spread across 256 sites in the reserve are participating in this year’s honey production season. The season, which opened at the beginning of July, will close at the end of April 2025, the Saudi Press Agency reported.
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Ceasefire hopes recede, after assassination in Tehran
Last Thursday, when Israeli Prime Minister Benjamin Netanyahu met President Biden at the White House, along with families of Israeli American hostages held by Hamas, several of the families, American officials and some observers thought there might be higher hopes for soon getting a hostage release/Gaza ceasefire deal over the finish line. That was in part because the Israeli Knesset was due to break on Sunday (July 28) for a few months, giving Netanyahu more political breathing room to strike a deal without immediate risk of his governing coalition collapsing, it was thought.
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The regional impact of Ismail Haniyeh’s assassination
The killing of Hamas political leader Ismail Haniyeh in Tehran and the killing of a Hezbollah senior commander in Beirut could be designed to allow Israeli Prime Minister Benjamin Netanyahu to declare some victories and move toward winding down the war in Gaza, or they may signal his intentions to escalate the conflict and possibly drag the US into a wider regional contest with Iran and Hezbollah.
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The Uneven Distribution of UNESCO World Heritage Sites
UNESCO has added 24 new sites to the World Heritage List, bringing the total number to 1,223 worldwide. As the following chart shows, there is an uneven distribution of where these sites are located, particularly in terms of the cultural heritage selection, with UNESCO having historically inscribed by far the largest number of this group to the Europe and North America category.
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Saudi Arabia allows employment of expatriate dependents in health and education sectors
The Ministry of Human Resources and Social Development has introduced a new initiative to enable the employment of expatriate dependents holding dependent visas in the health and education sectors, Okaz newspaper reported. The ministry outlined the steps to access this service. Users need to log into the Ajeer platform, select the Ajeer Dependents Service, fill out and submit the contract, and issue a dependents' permit.
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Saudi Arabia allows 100% foreign ownership in most business sectors
Saudi Vice Minister of Commerce and CEO of the National Competitiveness Center (NCC) Dr. Eman Al-Mutairi noted that the Kingdom allows 100% foreign ownership in most business sectors, a significant factor in attracting international investment. This was highlighted during the Saudi-Korean Business Forum on Tuesday, where Commerce Minister Dr. Majid Al-Qasabi emphasized that Saudi Arabia's Vision 2030 has led to substantial economic diversification, fostering sustainable and inclusive growth, and encouraging innovation across various business sectors.
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Saudi Arabia issued more than 82,000 visas for events in 2023
Saudi Arabia issued a total of 82,201 entry visas last year for foreigners to attend a calendar of sports, cultural and entertainment events as the kingdom is increasingly opening up to the outside world. The Saudi Ministry of Sports took the lead in the number of visas constituting 63 per cent of the total followed by the General Entertainment Authority with 22 per cent, and the Culture Ministry with 11 per cent, according to a breakdown in the Saudi newspaper Al Watan.
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Saudi Arabia Advances Globally in Several Indicators Per WEF Reports
According to reports released by the World Economic Forum (WEF) for 2024, the Kingdom of Saudi Arabia has achieved significant global progress in indicators of flexible working arrangements, ease of finding skilled employees in the labor market, and equal pay for equal work.
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U.S. officials in Saudi Arabia to discuss Yemen as Israel-Hezbollah tension grows
A senior U.S. delegation arrived in Saudi Arabia on Tuesday for talks about the situation in Yemen and the recent escalation between Israel and Houthi rebels, three U.S. officials said. The U.S. delegation is headed by Brett McGurk, the White House's top Middle East adviser, U.S. officials said. The State Department's top Middle East diplomat Barbara Leaf, the U.S. envoy for Yemen Tim Lendeking and the Pentagon's top Middle East official Dan Shapiro are also part of the delegation.
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