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  • Made in Saudi Arabia; What’s in a Slogan?

    The kingdom has shown greater compatibility with long-term environmental and sustainability goals for the generations to come, one the one hand,and with the intricate dynamics of market investments and global financial ecosystem, on the other. While, at the same time, not losing sight of the current and truly important financial resource of oil. On average, revenues from oil production represented 3% of global gross domestic product (GDP) in recent data by the World Economic Forum (WEF).

  • Saudi Arabia’s UK ambassador warns Israeli war with Lebanon would quickly turn global

    A Saudi Arabian diplomat has warned Israel against a war in Lebanon, insisting that the kingdom will not normalise relations without justice for the Palestinian people.

    Israel and Hezbollah have both claimed they are ready to go to war this week, raising fears of a regional spillover of the Israel-Gaza war, which is entering its ninth month.

    Prince Khaled bin Bandar Bin Saud, Saudi Arabia’s ambassador to the UK, called on Israel and the international community to “recognise the danger that lies ahead”.

  • Too early for Saudi oil to be priced in renminbi, analyst says

    Jean-Michel Saliba of BofA Global Research says U.S.-Saudi relations have been around for many years, and “it’s not only about economics, there’s very deep political ties.”

  • How to apply for a U.S. visa in Saudi Arabia: A comprehensive guide

    If you are living in Saudi Arabia and plan to visit the United States soon, you will need to apply for a visa at the U.S. embassy in Riyadh or at the consulates in Jeddah or Dhahran. The required documents and types of visas to the U.S. are many and might get confusing. Therefore, here is a comprehensive guide to everything you need to know about applying for a U.S. visa in Saudi Arabia.

  • What the end of petrodollars means

    Let’s take a look back to the Nixon administration. America was beset by high inflation and large current-account deficits amid an ongoing war in Vietnam, putting downward pressure on the dollar and threatening a run on US gold reserves. In 1971, the US ended the dollar’s convertibility to gold — which had been the lynchpin of the Bretton Woods international monetary system of fixed exchange rates. Major currencies began to float against each other in 1973. Then came the oil shock that fall, when the Organization of Petroleum Exporting Countries (OPEC) cut oil production and embargoed shipments to the US during the Yom Kippur war.

  • Saudi Designers Take to the Runway in Paris

    “They are defining it the way they want to, they have no limitations on what is expected of them,” he explained. “They are introducing something new first and foremost for the Saudi customer base, something that’s fun, colorful and interesting, very focused on occasionwear,” he said, given the country’s dynamic social scene. “But there is an appeal to discover new shapes and cuts all over the world. The younger generation especially is not interested only in brands, but for unique looks.”

  • What the West gets wrong about Saudi Arabia.

    On this episode of the Al-Ma'idah initiative we talk to Dr. Abullrahman Bin Nooh, a Saudi GP who spent his youngest years in America, then lived in Saudi Arabia from the age of twelve. We discuss the ways the West misunderstands Saudi, the historic problems in Saudi, the ways Saudi culture has grown, areas it still needs to grow in and what the future looks like for the country.

  • Saudi to keep July crude steady to Asia, U.S. – sources

    Saudi Arabia, the world's top crude exporter, will maintain steady oil supplies to major Asian and U.S. buyers in July, sources said on Monday.
    Saudi Arabia has notified five Asian term buyers in Northeast Asia it would keep curbs on contracted volumes of crude oil in July at 7-14 percent, steady from June, industry sources said.
    Allotments to the U.S. market, the world's largest consumer market, also will remain unchanged for July, U.S. refining sources said.

  • PIF announces the establishment of the Regional Voluntary Carbon Market Company

    The Public Investment Fund (“PIF” or the “Fund”) announced today the establishment of the Regional Voluntary Carbon Market Company, where PIF holds an 80% stake and Saudi Tadawul Group Holding Company (“Saudi Tadawul Group”) holds a 20% stake in the company. The company will offer guidance and resourcing to support businesses and industry in the region as they play their part in the global transition to net zero, ensuring that carbon credit purchases go above and beyond meaningful emission reductions in value chains.

  • Why the concept of the Saudi Arabia-funded boxing league is great in theory, skepticism remains high

    The kingdom of Saudi Arabia's public investment fund, which has already dominated boxing headlines over the past year due to its massive financial commitment to the heavyweight division, is reportedly in discussions with nearly every major promoter about a deal valued between $4-5 billion that would combine stakeholders into a league beginning in 2025, according to Reuters.