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  • IMF suggests Saudi Arabia double its VAT to 10%
     

    The International Monetary Fund (IMF) suggested that Saudi Arabia would see positive economic benefits by raising its Value Added Tax (VAT) to 10% after successfully implementing a 5% VAT last year. “The introduction of the VAT in January 2018 was a landmark achievement, with revenue collections exceeding expectations,” the Washington-based lender said in a report […]

     
  • Royal Decrees Shake Up Saudi Aramco, Energy and Industry Sectors
     

    A series of Royal Decrees issued by King Salman of Saudi Arabia on Friday included major shake ups to Saudi Aramco as well as government ministries and top leadership. King Salman issued a royal decree to set up a new Ministry of Industry and Mineral Resources, separating it from the Ministry of Energy. The Kingdom named Bandar Alkhorayef […]

     
  • Saudi Students See Greater Freedom in Travel with New Rules
     

    New rules put in place by Saudi government authorities have granted the right of all Saudi students studying oversees to travel without requiring a permit from their parents or guardians, even if they are under the age of 21, according to reports. Saudi Arabia’s General Directorate of Passports announced Monday that students “will only require proof of […]

     
  • Will Formula One Racing Come to Saudi Arabia?
     

    Saudi Arabia and Formula One are discussing the possibility of holding a race in the country, “and team bosses have been asked for an opinion,” sources told Reuters on Tuesday. “The Times newspaper reported that Formula One and the 10 teams would seek reassurance on issues including human rights, gender equality and media freedom before any […]

     
  • Saudia’s Flyadeal Cancels $6b Boeing Deal, Opts for Airbus’ A320neo
     

    Saudi airline Flyadeal has canceled an order for up to $6 billion worth of Boeing 737 Max planes, instead opting to purchase from Boeing’s top European competitor, Airbus SE, according to reports. Flyadeal had committed to purchasing up to 50 planes from Boeing, but after the global grounding of the company’s 737 Max 8 planes […]

     
  • Saudi Arabia Raises €3b in first bond denominated in European currency
     

    Saudi Arabia has raised 3 billion euros from over 14.5 billion worth of orders for its first bond denominated in European currency, according to reports. With this deal, the Saudis have sold over $60 billion in international bonds since their debut as a global borrower in late 2016, making the kingdom one of the biggest […]

     
  • Saudi-led Coalition in Yemen Announces Capture of Islamic State Leader in Yemen
     

    Saudi special forces, with assistance from the United States, have captured the leader of the Yemeni branch of the Islamic State militant group, according to the Saudi-led military coalition fighting in Yemen and reported in Reuters. The leader, Abu Osama al-Muhajer, as well as other members of the organization including its chief financial officer, were […]

     
  • U.S. Special Representative for Iran, Saudi Arabian Deputy Defense Minister Prince Khalid bin Salman Meet in Jeddah
     

    U.S. Special Representative for Iran Brian Hook met with Saudi Arabian Deputy Defence Minister Prince Khalid bin Salman in Jeddah on Friday, the minister said in a tweet. Hook and Prince Khalid discussed recent attacks in the region. “Pleased to meet with United States Special Representative for Iran Mr. Brian Hook to explore the latest efforts to […]

     
  • Saudi Arabia’s Saudia Airlines Spends Big at Paris Airshow
     

    Saudi Arabian flag-carrier Saudia announced at the Paris Airshow that it is expanding its existing order of Airbus A320neo family of plans from the current number of 35 “to as many as 100, including 35 options,” according to reports. The airline disclosed three years ago that it was taking 35 A320neo-family jets, including A321neos. The “neo” at the […]

     
  • U.S. Senators Preparing Legislation Seeking to Block Trump’s Plan to Sell $8b in Weapons to Saudi Arabia, UAE and Jordan
     

    Members from both parties in Congress are preparing legislation seeking to block President Trump’s plan for $8.1 billion in weapons sales to Saudi Arabia, the UAE and Jordan, according to reports. Last month, The Trump administration declared an emergency to bypass Congress and expedite billions of dollars in arms sales to several countries, citing the need to deter what it […]

     

MUST-READS

  • Saudi Arabia’s unemployment rate holds steady at 3.5% in Q1

    Notably, labor force participation among Saudis increased by 1.0 percentage points to reach 51.4%, indicating a growing willingness to enter the workforce. The data reveals a significant improvement for Saudi men. The employment-to-population ratio climbed to 63.6%, while the unemployment rate fell to 4.2%, suggesting a successful integration of men into the job market.

  • Recap of Sedrah and NextGenAI Hackathons (in Saudi Arabia)

    The way hackathons generally work is that they are short 1–3 day events focused around a certain theme. Participants form teams to build a prototype (usually from scratch) in that time, and present at the end for the judges to evaluate.

  • Saudi Aramco holds OSPs for LPG in July steady, Sonatrach raises it by 11-18%

    Saudi Arabia's state oil producer Aramco (2222.SE), opens new tab left unchanged official selling prices (OSPs) for liquefied petroleum gas in July, while Algeria's Sonatrach raised OSPs for LPG by 11-18% due to a rising demand from the Mediterranean region, traders said. Aramco's July OSP for propane was stable at $580 per metric ton , as well as for butane, at $565 per ton. Propane and butane are types of LPG with different boiling points.

  • Saudi Arabia will require unified charging ports for portable electronics

    In Saudi Arabia, the authorities, represented by SASO, have announced the decision to standardize charging ports for portable electronic devices sold within their country. The decision will take place in two phases. The first phase will begin on 1 January 2025 and includes devices with totally 18 HS Codes, covering mobile phones, tablets, digital cameras, e-readers, portable video game devices, headphones, earphones, amplifiers, keyboards and computer pointer devices, in addition to portable navigation systems, portable speakers and wireless routers. The second phase shall start 1 April 2026 and will include laptops.

  • MBC Group picks new Saudi location for Season 8 of “Top Chef”

    Production of the new season of “Top Chef” will take place in the NEOM Media Village, home to four world-class sound stages and resort-style lodgings for cast & crew, with every episode featuring rigorous challenges designed to push the chefs’ skills to the limit.

  • Saudi unemployment rate continues its downward trend, reaching 7.6% in 1Q 2024

    The unemployment rate for all Saudis continued its downward trend after recording a drop to 7.6 percent in the first quarter of 2024 compared to 7.8 percent during the fourth quarter of 2023. This rate became close to more than the Vision 2030 target, which has been set at seven percent, according to the Labor Market Bulletin for the first quarter of 2024, released on Sunday, by the Saudi General Authority for Statistics (GASTAT).

  • Saudi Foreign Ministry highlights women empowerment in diplomacy

    The Kingdom’s Foreign Ministry held a seminar here on Sunday titled “The Role of Women in Diplomatic Work,” the Saudi Press Agency reported. The event at the Prince Saud Al-Faisal Institute for Diplomatic Studies was held to mark last week’s UN International Day of Women in Diplomacy. Among those who attended were Saudi Arabia’s Deputy Foreign Minister Waleed bin Abdulkarim Al-Khuraiji, female ambassadors to the Kingdom, and members of the foreign diplomatic corps.

  • Who does Saudi Arabia play in 2026 FIFA World Cup qualifiers?

    Saudi Arabia learned its 2026 FIFA World Cup qualifying fate on Thursday as the Green Falcons were handed a tough third round group that includes fellow Asian heavyweights Australia and Japan. Roberto Mancini’ side, which labored to a second place finish behind Jordan in second-round qualifying, will need to improve if it is to claim a spot at the World Cup finals in the USA, Canada and Mexico in two years’ time.

  • Saudi Arabia expands footprint in Djibouti with major investment projects

    The Saudi Ajyal Petroleum and Energy Company laid a cornerstone for the $12.7 billion refinery project in Djibouti Damerjog International Park (DDIP), south of the country’s capital, earlier this week with the presence of Abdoulkader Kamil Mohamed, the Prime Minister of Djibouti. An agreement to create Saudi Logistics City in the Djibouti port free zone was reached earlier this month by a group of Saudi businessmen.

  • Kuwait’s sovereign wealth fund plans to open office in Saudi Arabia

    Al Mudhaf highlighted Saudi Arabia's increasing investment significance and its growing role in global economic decisions. This move follows a visit by a Saudi business delegation to Doha in May to promote investment in industry and mining, and the recent announcements by major investment banks, such as Edmond de Rothschild, about opening offices in Riyadh, according to Kuwait’s official news agency