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  • Is Saudi Arabia’s Economy Turning the Corner?
     

    Saudi Arabia’s non-oil private sector may be showing signs of stabilization after roughly two years of uncertainty and significant economic policy changes, according to new data. A recently published Saudi Arabia PMI by Emirates NBD shows growth in Saudi Arabia’s non-oil private sector accelerated to an eight-month high in July. “July’s survey is encouraging as it suggests […]

     
  • $6.9 billion in Tourist Projects Approved under Saudi NTP
     

    Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]

     
  • Fahad Nazer: ‘What I learned from attending a round table with the Foreign Minister of Saudi Arabia’
     

    Last month, Foreign Minister Adel Al-Jubeir hosted a private round table discussion at the Embassy of Saudi Arabia in Washington with a very small group of Washington-based political analysts and Middle East scholars. Fahad Nazer, Senior Political Analyst at JTG Inc., shared his reaction from the meeting on JTG’s blog. “In this small, less formal setting, […]

     
  • SABIC, Exxon Affiliate Studying JV Petrochemicals Complex on U.S. Gulf Coast
     

    Saudi Arabia’s SABIC said Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. Exxon Mobil. fIf developed, the project would be “located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units,” the company said. Before making final investment decisions, the companies will “conduct necessary […]

     
  • U.S. Warns Of ‘Potential, Imminent Threat’ Against Americans In Jeddah
     

    The U.S. Embassy in Saudi Arabia posted a notice to its website yesterday warning of “potential, imminent threat against U.S. citizens in areas of Jeddah frequented by Westerners, such as markets, restaurants, and shopping malls, among others.” State Department spokesman John Kirby told reporters in Washington that the notice is “a security message, not a […]

     
  • Pokemon GO Banned in Saudi Arabia; 3 Arrested at Jeddah Airport – Report
     

    Pokemon GO, the viral video game phenomenon that has taken the U.S. and other markets around the world by storm, has been banned in Saudi Arabia, according to a report in the Evening Standard which cited the Arabic-language newspaper Almowaten. Pokemon GO is a game available on smartphones that allows users to catch different characters […]

     
  • Construction Begins on ‘World’s Largest’ Gas Complex in Jazan, Saudi Arabia
     

    Construction has begun on a $2.1 billion industrial gas complex in Jazan, Saudi Arabia, which is slated to become the largest such facility in the world. The industrial gas complex will serve Saudi Aramco’s Jazan refinery and terminal when complete, and will require 600MW to operate, according to a report in Gulf Business. The contract for the […]

     
  • WTO launches new World Trade Outlook Indicator
     

    The World Trade Organization (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade, the organization said on its website. The WTOI was unveiled in Shanghai, China on July 8th ahead of a meeting of G20 trade ministers. “Combining a variety of trade-related indices, the […]

     
  • Ramadan Must-Watch TV: ‘Selfie 2’
     

    Ramadan in Saudi Arabia is more than a month of fasting and personal reflection.  It is a communal up-ending of one’s normal schedule with work, school and every facet of daily life rearranged in order to fulfill one of the five main pillars of Islam while also coming through this trial healthy and whole. Saudi […]

     
  • Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
     

    Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]

     

MUST-READS

  • Foreign Minister Prince Faisal emphasizes significant progress in Saudi-Turkish relations

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan emphasized significant progress in Saudi-Turkish relations across political, economic, and security domains. During his official visit to the Republic of Türkiye, Prince Faisal announced the signing of a protocol to amend the minutes establishing the Coordination Council, with plans for the second coordination meeting in Riyadh soon. This reflects the leadership's commitment to advancing relations in all areas of mutual interest, he said.

  • Senior senators warn Israel-Saudi normalisation is slipping away from US

    “It’s clear at this stage that none of this is going to work through Congress before the November elections,” Elizabeth Dent, a senior fellow at the Washington Institute for Near East Policy, told MEE, referring to the Biden administration’s prospective agreements with Riyadh. Coons said that those watching for a deal would need to see a “prompt announcement” of one from the Biden administration in the coming days. It would also require Congress to come back into session during the summer.

  • Who is Mohammed Deif, the Hamas military chief targeted by Israel?

    Israel has targeted Hamas’ military chief Mohammed Deif in a strike on a designated humanitarian zone in southern Gaza which killed at least 90 Palestinians. It is not clear yet if Deif was among the dead. But who is he? An elusive and powerful figure, Deif is understood to be one of the masterminds behind the October 7 attacks. He has led the Palestinian militant group’s armed wing for more than two decades. If his death is confirmed, Deif would be the highest profile Hamas leader killed since the war in Gaza began nine months ago. Israel has been seeking to dismantle Hamas following the October 7 attacks but with fighting ongoing and senior Hamas figures at large, that goal has seemed distant.

  • Saudi Arabia’s environmental efforts helping to reduce dust storms

    The center’s Executive Director, Jamaan Saad Al-Qahtani, said dust storms are declining due to the country’s environmental initiatives, especially the Saudi Green Initiative, an ambitious national program of planting 10 billion trees within the kingdom. The natural reserves also prevent desertification, and recent favorable weather patterns have further aided vegetation growth.

  • Saudi Arabia condemns assassination attempt on former US president Trump

    Saudi Arabia on Sunday condemned the assassination attempt against former US president Donald Trump. In a statement by the foreign ministry, the Kingdom stressed its “rejection of all forms of violence” and expressed its “complete solidarity with the United States of America, the former president and his family.”

  • Thailand investment body opens first Middle East office in Saudi Arabia

    The Thai Board of Investment (BOI) officially inaugurated its office in Saudi Arabia to capitalize on investment potential and regional cooperation. This marks its first office in the Middle East, launched during the "Saudi-Thai Investment Forum" held in Riyadh on Sunday, with senior government officials and business leaders from both countries in attendance.

  • Turkish President Erdogan receives Saudi foreign minister

    Turkish President Recep Tayyip Erdogan on Sunday received Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. “President Recep Tayyip Erdogan received Minister of Foreign Affairs of Saudi Arabia Prince Faisal bin Farhan bin Abdullah Al Saud at the Dolmabahce Presidential Office in Istanbul,” said the country’s Communications Directorate on X. Turkish Foreign Minister Hakan Fidan, who earlier Sunday had one-on-one talks with his Saudi counterpart, also attended the closed-door reception held at the Dolmabahce Palace Presidential Office.

  • Why Buy Now, Pay Later (BNPL) services are booming in UAE and Saudi Arabia

    In a recent study, Redseer Strategy Consultants shared that the use of Buy Now, Pay Later (BNPL) services is on the rise in the Middle East. Interestingly, the UAE and the Kingdom of Saudi Arabia (KSA) outscored their regional peers. Charting the growth of the BNPL industry in the region, Redseer notes that in 2022, one in 10 consumers was using BNPL services. But by 2023, this figure had doubled, with one in five consumers now using BNPL options for online transactions.

  • Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer

    Saudi Arabia is the region’s biggest buyer of fuel oil, a type of dirty product that’s left over after refineries produce transport fuels like gasoline and diesel. It also burns crude oil directly to produce electricity, which likely contributed to the kingdom’s exports dropping to a 10-month low of about 5.6 million barrels a day in June, according to data compiled by Bloomberg. Fuel oil is mostly sold at a discount to crude since it’s heavier and more polluting.

  • Saudi Arabia emphasizes commitment to chemical weapons ban

    Saudi Ambassador to the Netherlands and Permanent Representative to the Organization for the Prohibition of Chemical Weapons, Ziad Al-Attiyah, reaffirmed Saudi Arabia’s commitment to enhancing international cooperation to prohibit all weapons of mass destruction and prevent their proliferation.