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UK Government Agrees to $2b Loan Guarantee For Saudi Aramco
The U.K. government agreed to a $2 billion loan guarantee for Saudi Aramco as competition to host the likely largest in history IPO heats up, according to Bloomberg. “The unusually large export credit guarantee, designed to finance the purchase of British goods, will be seen by many as an attempt to help woo the IPO to the […]
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Saudi Arabia to Boost Spending Next Year as Foreign Reserves Reach New Lows
Saudi Arabia will boost state spending next year despite dwindling foreign reserves as the Kingdom looks to turbo charge economic growth, according to reports. Saudi Arabia’s Finance Minister Mohammed al-Jadaan told the Financial Times that Saudi Arabia “would set out an expansionary budget in 2018” to respond to the needs of the struggling private sector, which is […]
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Secretary of State Rex Tillerson to Travel to Saudi Arabia October 20th for Saudi-Iraq Meet
U.S. Secretary of State Rex Tillerson will travel to Riyadh, Saudi Arabia to take part in the inaugural Coordination Council meeting between the governments of Saudi Arabia and Iraq. The Secretary will also meet with various Saudi leaders to discuss the conflict in Yemen, the ongoing Gulf dispute, Iran, and a number of other important regional and […]
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With transfer season underway Saudi Professional League evolves strategy
The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a […]
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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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New Royal Decrees in Saudi Arabia Change Up Regional Leadership Posts
A number of Saudi royals and officials were given new jobs on Tuesday as authorities issued a raft of royal decrees, according to reports by the SPA and Arab News.
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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Temperatures Soar Across Saudi Arabia; Certain Places Hit 50 Degrees Celsius
Temperatures are expected to soar up to 50 degrees celsius (122 degrees farenheit) in several areas Saudi Arabia, starting from Sunday until the end of the week, according to the National Center for Meteorology (NCM).
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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MUST-READS
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Yahya Sinwar’s death alone won’t end the war
The death of Hamas leader Yahya Sinwar, who was killed while battling Israeli soldiers in the southern Gaza town of Rafah last Wednesday, is a potential inflection point in the now year-long war that has seen at least 42,000 Palestinians killed and most of the Gaza Strip reduced to rubble. As the architect of the Oct. 7 attack and the ultimate arbiter over whether and when to accept a cease-fire, Sinwar’s death represents a major accomplishment for Israel’s military, which has racked up numerous tactical victories but has so far failed to achieve a decisive victory over Hamas. Both US and Israeli leaders have cast Sinwar as the primary obstacle to a cease-fire and hostage release deal, which has been stalled for many weeks.
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The Presidential Election’s Implications for Gulf Oil Exporters
With less than a month before Americans go to the polls to elect a new president, the global oil market is in turmoil because of geopolitical developments in the Middle East. The risk of an oil price shock should Israel target Iran’s energy infrastructure in response to Iran’s October 1 missile attack would have repercussions beyond the region. Oil prices immediately surged to register the highest weekly increase in more than a year after the October 1 attack, as the market braced for Israel’s response. Any further increase in the price of oil might influence voters come the U.S. election in November with the incumbent Democratic Party at risk of being penalized at the polls if there is a spike in U.S. gasoline prices.
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Saudi Arabia and BRICS—a balancing act?
Russia last month invited Saudi Crown Prince Mohammed bin Salman to attend the Oct. 22-24 BRICS summit it is hosting in Kazan. The summit is the bloc’s first since its expansion last year when six new members—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE)—were invited to join. While countries such as Iran have been quick to accept the invite, the Kingdom has yet to confirm its formal alignment with BRICS. Most likely, Saudi strategists are still weighing all pros and cons of membership—with factors in favor and against broadly balanced.
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Putin hosts BRICS summit in Russia under shadow of Ukraine war
Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow's partners from China, India, Brazil and the Arab world are urging President Vladimir Putin to find a way to end the war in Ukraine. The BRICS group now accounts for 45% of the world's population and 35% of its economy, based on purchasing power parity, though China accounts for over half of its economic might.
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How Saudi parents rationalize the choice of schoolfor their children
In societies where education holds high significance and parental ambitions for their chil-dren’s academic achievements are profound, understanding the rationale behind parental school choice becomes crucial. This study aims to explore the question: Are Saudi parentsrational in selecting their children’s schools? Through an in-depth analysis of preferences and decision-making factors, this research endeavors to shed light on the intricate dynamicsinfluencing parental school choice within the Saudi Arabian context.
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Saudi Arabia: Parsons, OBMI signs contracts with ARDARA
ARDARA‘s flagship destination is AlWadi – the exciting mixed-use waterfront development in the heart of Downtown Abha. Elegantly designed homes, thriving commercial spaces, vibrant retail hubs, and exhilarating entertainment outlets that will entice residents and visitors throughout the seasons.
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UK-based dissident can sue Saudi Arabia for alleged spyware, court rules
A prominent Saudi dissident who accuses Saudi Arabia of targeting him with spyware can sue the kingdom in London, his lawyers said on Monday. Yahya Assiri, a founder of the opposition National Assembly Party (NAAS) who lives in exile in Britain, alleges his electronic devices were targeted with surveillance software between 2018 and 2020. He is suing Saudi Arabia at London's High Court, saying the country used Pegasus - made by Israeli company NSO Group and sold only to nation states - and other spyware made by lesser-known Israeli firm QuaDream because of his work with dissidents.
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Trump Goes on Saudi State TV and Says He Has “So Much Respect” for Crown Prince Linked to Bone-Saw Murder
Appearing on Saudi state-owned TV network Al Arabiya, Trump said that while the relationship between Saudi Arabia and the United States is “fine right now,” when he was president, “it was great with capital letters. G-R-E-A-T, great.” (Yes, he actually spelled it out.) Trump added that he has “so much respect for the king, so much respect for Mohammed, who is doing great. I mean, he’s really a visionary. He’s done things that nobody else would have even thought about.” Later in the interview, he declared MBS a “great guy” who is “respected all over the world.”
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Saudi Arabia Announce First Batch of Companies Eligible for Exploration Enablement Program (EEP)
Launched at the Future Minerals Forum (FMF) in January 2024, this initiative aims to attract global investments and drive growth in Saudi Arabia’s mining and mineral industry as outlined in Vision 2030. The program attracted interest worldwide, with companies proposing innovative exploration ideas that align with the EEP’s objectives. After a thorough evaluation by key authorities and experts, six companies with 49 applications were chosen for the program from a competitive pool of 82 applications submitted by 18 companies.
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Fifa urged by women’s soccer players to scrap sponsorship with Saudi oil company Aramco
More than 100 professional women’s soccer players have signed an open letter to Fifa urging the global governing body to end its sponsorship with Saudi oil giant Aramco. Fifa confirmed a deal with Aramco, which is majority-owned by the Saudi government, in April. The company will sponsor both the 2026 men’s World Cup and 2027 Women’s World Cup in an agreement reportedly worth up to US$100 million a year.
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