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Aramco Commences Operations at Arabian Rig Manufacturing: Saudi Aramco’s JV to Manufacture Drilling Rigs in Kingdom for First Time
Saudi Aramco has launched Arabian Rig Manufacturing (ARM), a joint venture firm with American entity NOV, to manufacture drilling rigs and related equipment for the first time in Saudi Arabia.
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US’ Advent Technologies signs MoU with Saudi-based Hydrogen Systems; Saudi Wants Green Hydrogen Commitment from EU
US-headquartered Advent Technologies has signed a Memorandum of Understanding with Riyadh-based Hydrogen Systems “to provide integrated hydrogen solutions and value-added support to industrial and renewable energy markets in the Middle East,” Zawya reports.
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Ministry of Industry and Mineral Resources Awards License for Khnaighuiyah Mining Site
Saudi Arabia’s Ministry of Industry and Mineral Resources said on Wednesday that it had awarded a license to mine at the Kingdom’s prized Khnaighuiyah mining site, where zinc and copper deposits are estimated around 26 million tons, Reuters reports.
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Monsha’at Report — Number of SMEs in Saudi Arabia Grows 25.6% in 1H 2022
Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) said the number of registered SMEs in Saudi Arabia hit 892,063 in the first half of this year, registering a 25.6 percent increase from the fourth quarter of 2021.
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Saudi Arabia’s Non-Oil Exports Surge by 31% in Q2 to $23 Billion
Saudi Arabia’s non-oil exports surged by 31 percent in the second quarter to SR86.2 billion ($22.9 billion) from SR65.8 billion in the same period last year, the General Authority for Statistics, also known as GASTAT, said in a report.
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C3 US-Arab Healthcare and Business Summit Set for September 19th, 2022 at Union League Club in New York City
The C3 US-Arab Healthcare and Business Summit, a leading conference in the sector now in its 11th Annual edition, is set to take place September 19th, 2022 at the Union League Club in New York City.
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IMF: Saudi Economy Likely to be One of the Fastest Growing in the World in 2022
The International Monetary Fund (IMF) on Wednesday maintained its economic growth forecast for Saudi Arabia at 7.6% this year, bucking the global trend toward recession and likely placing it among the top growing economies in the world in 2022.
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U.S. Yemen Envoy Tim Lenderking Heads to Saudi Arabia, Jordan to Push Yemen Peace Talks
The U.S. special envoy for Yemen, Tim Lenderking, is headed to Saudi Arabia and Jordan on Monday to continue Washington’s diplomatic efforts to back a United Nation’s mediated truce in Yemen, Reuters reports, citing the U.S. State Department said.
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Oil Continues Drop on Global Indices as Recession, Demand Destruction Fears Weigh on Prices
Oil plummeted about 9% on Tuesday in the biggest daily drop since March, and failed to regain ground on Wednesday, as growing fears of a global recession and lockdowns in China that could slash demand weighed on prices.
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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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The Sahara Desert flooded for the first time in decades. Here’s what it looks like
Striking images from the Sahara Desert show large lakes etched into rolling sand dunes after one of the most arid, barren places in the world was hit with its first floods in decades. The Sahara does experience rain, but usually just a few inches a year and rarely in late summer. Over two days in September, however, intense rain fell in parts of the desert in southeast Morocco, after a low pressure system pushed across northwestern Sahara. Preliminary NASA satellite data showed nearly 8 inches of rain in some parts of the region.
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Saudi Arabia to open four airports for private sector by 2025
He stated that Saudi Arabia is set to become one of the world’s largest producers of green energy. Additionally, he emphasized the importance of regionalizing supply chains, with plans to establish centers for logistics supply chains in the kingdom.
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Preview: Saudi Arabia Target Crucial Win Against Bahrain in World Cup Qualifier
Saudi Arabia, under coach Roberto Mancini, look to end a three-match winless run at home. They previously suffered defeats to Jordan and Japan and settled for a draw with Indonesia. This match provides an opportunity for Saudi Arabia to regain form and push for qualification.
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Odds rising that Saudi Arabia may ‘open floodgates’ on oil production – report
"Although the focus in the oil market has shifted to geopolitical risks and potential short-term supply disruptions, just as importantly, we think the possibility that Saudi Arabia could open the floodgates has increased in recent weeks alongside reports of deteriorating cohesion among OPEC+ members," Capital Economics climate and commodities economist Kieran Tompkins wrote, adding the OPEC+ meeting scheduled for December 1 "could be a potential flashpoint."
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Weekly Briefing: Iran’s growing burden of confronting Israel
Iranian media headlines from last week vividly demonstrated the hard choices before Tehran as Iran confronts the specter of possible war with Israel and its allies. The contrasting realities exemplify the pressures Iran’s leadership is under in terms of choosing the immediate and narrow national security interests, namely focusing on saving the economy and avoiding war, versus insisting on core Khomeinist convictions of confronting Israel and the United States.
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Lina Khatib: War Spreads to Lebanon
This has been one of the biggest blows to Hezbollah morally. He's been in charge for 30 years, but the cultivation of the image has really taken off since 2006, so we're talking about almost two decades of this person being presented as almost superhuman. His image had been tightly linked to that of Hezbollah itself, so that, in the eyes of many supporters of Hezbollah, Nasrallah represented strength, resilience, victory, and all those qualities that Hezbollah wanted associated with itself. At the morale level, having this figure eliminated is a huge blow.
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Iran Might Reevaluate its Strategy
The relative failure of Iranian missile strikes has significantly eroded the value of Tehran’s enormous investment in its missile and drone technology and raised serious questions among Iran’s regional allies about the ability of Tehran to come to their defense.
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Day One Problems: Yemen
On January 20, 2025, either Vice President Kamala Harris or former President Donald J. Trump will be sworn in as the next president of the United States. Whoever takes the oath of office that day will face a host of national security challenges, from the war in Ukraine and China’s growing belligerency to the Israel-Hamas conflict, Iran, and a metastasizing terrorist threat. Somewhere on that list will also be the Houthis, the Iranian-backed militia that controls northern Yemen and, for much of the past year, has been attacking commercial shipping in and around the Red Sea.
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US warns Israel to stop blocking aid to Gaza
After Israel sharply cut aid to Gaza in September and brought it to a total halt the first two weeks of October, the United States has formally warned Israel that it has 30 days to rapidly surge the amount of humanitarian aid allowed into Gaza, or risk being deemed in violation of US laws making it eligible to receive US military assistance.
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Saudi crown prince to attend first EU–Gulf Cooperation Summit in Brussels
Saudi Crown Prince Mohammad bin Salman and other Gulf leaders will be in Brussels for the first EU–Gulf Cooperation Summit, focusing on trade, security, and Middle East peace. Saudi Crown Prince Mohammad bin Salman will be in Brussels on Wednesday for the first EU–Gulf Cooperation Summit, Euronews can reveal. The de facto Saudi leader is discussing a range of issues, including global security, the Middle East, trade and global warming. It's his second official visit to Brussels, having previously attended in 2015 for the Global Coalition against ISIS. On the Middle East, the EU hopes the summit can strengthen support for the Palestinian Authority as a step towards resuscitating a two-state solution.
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