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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports. Marubeni has formed a joint venture with Saudi utility Al Jomaih Energy and Water for the plant, which is […]
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023
Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom’s economic opportunities to countries that will hire local talent and compete with neighboring cities in other Gulf nations.
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Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.
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Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory
U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.
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Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity
Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.
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List of World’s Top Golfers Competing at Third Saudi International Grows as Kevin Na Commits
The field of competitors for next month’s Saudi International powered by Softbank Investment Advisers is growing as another top golfer in the world has joined some of the sports biggest names confirmed to compete in Saudi Arabia. Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is […]
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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Oil price fall pushes Saudi Arabia to look at raising output
Ole Hansen, head of commodities strategy at Saxo Bank, said the move represented “a major shift in thinking” by Riyadh. “The outlook for slowing demand growth, not least in China, has probably prompted them to accept a lower price tag for crude and, with that, the need to increase production,” he said.
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Saudi Arabia’s coffee expansion is being driven by homegrown brands
Since its founding in 2018, Half Million has expanded at an extraordinary pace, now boasting 59 stores across 14 cities in the Kingdom. Its popularity, driven by strategic branding and a social media-driven marketing campaign, reflects not only the country’s growing appetite for coffee but also a wider trend: the rise of national Saudi brands that understand and cater to local preferences.
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Opinion: Why Everything Is Suddenly Spiraling for Israel
This Israeli government, led by Benjamin Netanyahu, wants you and me and every Israeli and all of Israel’s friends — and even enemies — to believe that there was always only one right answer to that question: Invade Gaza, hunt down every Hamas leader and fighter, kill every last one and not be deterred by the civilian casualties, then pummel Hezbollah in Lebanon — and do both without spending time planning an exit strategy for either.
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CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise
Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)
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CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise
Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)
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Saudi crown prince announces the launch of Riyadh Non-Profit Foundation
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of the “Riyadh Non-Profit Foundation” and the formation of its board of directors on Thursday. The foundation will be an independent institution and fall under the umbrella of the Royal Commission for Riyadh City, Saudi Press Agency reported. Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of the “Riyadh Non-Profit Foundation” and the formation of its board of directors on Thursday. The foundation will be an independent institution and fall under the umbrella of the Royal Commission for Riyadh City, Saudi Press Agency reported.
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Creativity to transform these Saudi industries
Drawing on his unique perspective as both a tech entrepreneur and a creative pioneer, from his early days at Facebook to his latest venture, Karaz Disco, Prince Fahad will offer an in-depth look at how innovative content with an Arabic identity is redefining the Kingdom’s cultural landscape. His session will explore the ongoing impact of Saudi Vision 2030 on the media and entertainment sectors and the critical role of creativity in driving this profound transformation.
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Saudi Arabia announces new global coalition to establish Palestinian state
Saudi Arabia’s top diplomat on Thursday announced the launch of a new initiative to establish a Palestinian state and garner support for the implementation of a two-state solution after decades of international efforts failed, leading the region to the brink of an all-out war. The Global Alliance for the Implementation of the two-state solution was unveiled during Prince Faisal bin Farhan’s speech at a meeting that included the Arab League, the Organization of Islamic Cooperation (OIC) and Norway.
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As Middle East conflict escalates, Muslim American voter group endorses Harris over Trump
Vice President Kamala Harris has secured the endorsement of one of the nation’s largest Muslim American voter mobilization groups, marking a significant boost to her campaign since many Muslim and Arab American organizations have opted to support third-party candidates or not endorse. Emgage Action, the political arm of an 18-year-old Muslim American advocacy group, endorsed Harris’ presidential campaign on Wednesday, saying in a statement provided first to The Associated Press that the group “recognizes the responsibility to defeat” Donald Trump in November.
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Israel ‘didn’t even respond’ to truce proposal, as it continues bombing Lebanon
Israel's prime minister indicated that he "did not even respond" to proposals aimed at bringing about a temporary ceasefire between Israel and Hezbollah, as Israeli forces continued raining down air strikes on Lebanon. On Thursday, US President Joe Biden and French President Emmanuel Macron published a joint statement calling for a 21-day truce, aimed at paving the way for broader negotiations for a permanent ceasefire. Just hours later, however, Prime Minister Benjamin Netanyahu's office rejected the idea.
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