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  • Saudi Aramco to invest in new energy ventures
     

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]

     
  • Al Jubayl Saudi Arabia As Seen From Orbit at Night
     

    The city of Al Jubayl (or Jubail) is located on the coast of Saudi Arabia, along the Persian Gulf. The city has a history extending back more than 7,000 years, but since 1975 it has been associated with the petrochemical, fertilizer, and steel industries. At night, these industrial areas form a brightly lit region (image […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     
  • The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
     

    If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]

     
  • Sulaiman Al-Rajhi’s life a rags to riches story
     

    Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. He became penniless after transferring all his assets among his children and set aside the rest for endowments. In recognition of his outstanding work to […]

     
  • How Oil Has Driven Global Conflict For The Past 100 Years
     

    Michael T. Klare recently gave a presentation titled “The Geopolitics of Oil: Old and New” at the Association for the Study of Peak Oil conference in Vienna, in which he speaks about how no other substance in the world is as closely aligned with geopolitics as oil is. Klare describes the geopolitics of oil — the intersection […]

     
  • Hoteliers Expand in Saudi Arabia as Mecca Goes Upscale
     

    “I wish I could have more hotels in Mecca,” said Jan Smits, InterContinental’s chief executive officer for Asia, Middle East and Africa. “In four months, you make 70 percent of your income. It’s a really strong market and it’s one of the most unique in the world.” The company has been in the country since […]

     

MUST-READS

  • Saudi Arabia Taps Bond Market With $5 Billion Sukuk Deal

    The kingdom sold the bonds through notes maturing in three, six and 10 years, according to a person familiar with the matter, who asked not to be identified. The deal was priced at yields of 60 basis points more than comparable US Treasuries for the shortest tranche and at 85 basis points for the longest tranche, the person said. That’s down from initial discussions for around 85 to 110 basis points.

  • Saudi Exchange approves listing of $12.08bn in govt debt instruments

    Saudi Arabia’s stock exchange has approved the listing of SR45.28 billion ($12.08 billion) worth of government debt instruments submitted by the Ministry of Finance.

  • Opinion: Saudi Arabia Is Becoming One of Biden’s Most Important Swing States

    The transformation overseen by Crown Prince Mohammed, often referred to simply as MbS, has led to substantial shifts in the kingdom's domestic outlook, which has embraced a more globalized character and a transition away from oil dependence, among other initiatives in line with the youngest-ever heir to the throne's ambitious Vision 2030 plan. It's also prompted a recalibration of foreign relations and the pursuit of more robust ties with other leading powers, including top U.S. rivals China and Russia.

  • Franklin Templeton launches its debut campaign in Saudi Arabia

    Franklin Templeton has announced the debut of its inaugural brand campaign in Saudi Arabia. Following the investment firm’s operational launch in Riyadh in March, the six-week advertising campaign highlights its long history, core values, and breadth of investment capabilities in Saudi Arabia.

  • Elon Musk’s xAI raises $6bn from investors including Saudi Arabia’s Prince Alwaleed

    Elon Musk's artificial intelligence start-up xAI has raised $6 billion in a series B funding round that includes participation from Saudi billionaire Prince Alwaleed bin Talal and his investment company Kingdom Holding, as it seeks to challenge rival OpenAI.

    The round, which also saw investments from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity Management & Research Company, will support the market launch of xAI's products, the company said on Monday.

  • Israel ‘cannot exist’ without Palestinian state: Saudi FM

    “I firmly believe that a two-state solution with the establishment of a credible Palestinian State serves … the interest of the Palestinians and delivers [on] their right to self-determination,” bin Farhan said on Sunday night, adding that Israel “doesn't get to decide whether or not the Palestinians have a right to self-determination.”

  • MbS, MbZ meet in Saudi Arabia amid rumors of widening rift

    Bader Al-Asaker, the head of the Saudi crown prince’s private office, on May 17 posted a photo on Twitter/X capturing a smiling Mohammed bin Salman Al Saud (MbS) together with Emirati President Sheikh Mohammed bin Zayed Al Nahyan (MbZ) at the Al-Aziziyah Palace.

  • Saudi Work: Evolving narratives of advertising and marketing

    The Ramadan campaign from Serviceplan Arabia and Abdul Latif Jameel Motors – Toyota takes a different approach to the Holy Month. Set in the corniche of Saudi-city Khobar, the ad takes a more comedic approach while maintaining the spirit of Ramadan and generosity.

  • Rebranded Saudi studio launches with new talent initiative

    Alamiya Filmed Entertainment (AFE), a Riyadh–based independent film studio, announced its official launch and plans following its acquisition of Lyra Pictures, last year. The film studio has established its operations across Riyadh, Dubai, and Los Angeles, under the leadership of Wesam Kattan and Bassma El Afghani, CEO and President of AFE.

  • Ronaldo breaks Saudi League’s single-season scoring record

    Al Nasr's Cristiano Ronaldo capped his first full Saudi Pro League season in style as he broke the record for the most goals scored in one campaign on Monday.
    The Portuguese 39-year-old scored a brace in his side's 4-2 win over Al Ittihad on the final matchday to bring his league tally this season to 35 goals.
    The previous record was held by former Al Nasr forward and Moroccan international Abderrazak Hamdallah, who scored 34 goals in 2018-19.