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  • Video: Bloomberg Interview with Head of the Saudi Stock Market Sarah Al-Suhaimi
     

    Saudi Arabia’s head of its stock exchange, Sarah Al-Suhaimi, gave an interview with Bloomberg outlining her plans for the Tadawul at the Bloomberg Invest Summit in London. Al-Suhaimi is the first Saudi woman to chair the Saudi Arabian stock exchange, which is the largest stock market in the Middle East. [Click here to watch the interview on Bloomberg.com]

     
  • Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting
     

    Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters. The deal, struck in private in September, was then shared with the United States before a meeting in Algiers with other producers, according to four sources familiar with the plan cited by Reuters. The […]

     
  • PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’
     

    A spokesperson for Saudi Arabia’s Public Investment Fund (PIF) said via the Kingdom’s state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are “completely inaccurate.” The unnamed spokesperson said that the PIF “continues to work with the SoftBank Vision Fund, and other parties, on a number of large-scale, […]

     
  • Saudi Crown Prince to Visit Kuwait on Saturday for Qatar Talks – Reports
     

    Crown Prince Mohammed Bin Salman will visit Kuwait on Saturday to discuss the Kingdom’s ongoing conflict with Qatar, according to reports. During the visit, Crown Prince Mohammed bin Salman will hold talks with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, according to the Kuwaiti News Agency via Twitter. Kuwaiti mediation efforts have failed so far to end the crisis […]

     
  • Saudi Embassy to Celebrate 88th Saudi National Day with Event at National Harbor
     

    On Sunday, September 23, the Royal Embassy of Saudi Arabia in Washington will host a celebratory event to mark the Kingdom’s 88th national day at the National Harbor, the Embassy said on Twitter. The event begins at 3pm at the Pier at National Harbor and will showcase Saudi folklore and culture and is free for […]

     
  • Tough Times for the Saudi Property Market, Study Shows
     

    Saudi Arabia’s Real Estate Market was one of only seven worldwide to show annual price declines in 2Q 2018, according to results released by the Knight Frank Global House Price Index as reported in ArabianBusiness.com. The property market in Saudi Arabia saw a 1.3 percent fall in prices in 2Q 2018, compared with a global […]

     
  • The Star-Studded Line-Up of Speakers for October’s Future Investment Initiative (FII)
     

    The Saudi Arabia’s Public Investment Fund (PIF) annual Future Investment Initiative conference has listed an impressive roster of confirmed speakers for the event, taking place on October 23-25 in Riyadh. The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabiaand “serve as a platform to drive expert-led debate, discussion, and partnerships among the […]

     
  • Report: Saudi Arabia Eyes Oil Port in Eastern Yemen near Oman
     

    Saudi Arabia is reportedly eying a new oil port to be built in Yemen’s southeast al-Mahra governorate, near Oman, where Saudi-led coalition troops are present, the energy-focused website oilprice.com reports. Saudi Arabia-based marine construction company Huta Marine has sent a letter to the Saudi ambassador to Yemen in which it thanks the official for the opportunity to […]

     
  • C3 U.S. – Arab Healthcare & Business Summit 2018 Set for Monday September 24th in New York City
     

    The C3 U.S. – Arab Healthcare & Business Summit 2018 will assemble business leaders, policy makers, educators and healthcare professionals from the Arab world and the United States to bolster and promote U.S. and Arab world initiatives that are focused on the most up-to-date healthcare topics including infrastructure, the shift from communicable diseases, the future […]

     
  • Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
     

    Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]

     

MUST-READS

  • Can The Middle East Really Become A Leader In Renewable Energy?

    Bloomberg New Energy Finance (BNEF) estimates that Helios' costs could reach $1.50 per kilogram by 2030, way cheaper than the average cost of green hydrogen at $5 per kilogram and even cheaper than gray hydrogen made from cracking natural gas.

  • Perspective: What is driving Saudi Arabia and Oman closer?

    Although Saudi Arabia and Oman are extremely different types of Arabian monarchies, the two countries face many of the same problems in terms of achieving economic diversification before the oil runs out. With economies that remain heavily reliant on hydrocarbon resources, the leadership in both Riyadh and Muscat understand how building vibrant private sectors and growing knowledge-based economies are critical to long-term stability across the GCC.

  • The healthcare system in Saudi Arabia: How can we best move forward with funding to protect equitable and accessible care for all?

    The shift towards an ageing population and the increasing burden of chronic disease, along with increasing use of technology and development of expensive treatments, mean that health care costs in Saudi Arabia are likely to increase significantly in the near future. Therefore, new ways to fund healthcare have been explored, with the solution proposed being a social insurance model in which employment contributions pay for care.

  • A Coup in Tunisia?

    U.S. law bars foreign assistance to any country “whose duly elected head of government is deposed by military coup or decree.” For that reason, the U.S. government is unlikely to characterize this as a coup in the coming weeks.

  • Want economic prosperity? Help women become more financially capable

    Financial exclusion is a universal issue, one that is facing the majority of the global population. The latest figures from the World Bank’s Findex report indicate that there are at least 1.7 billion adults—one-third of the world’s adult population— remain unbanked and do not utilise any banking services. Women make up 56 per cent of the world’s unbanked adult population.

  • Is Saudi Arabia the Next Sustainable Tourism Destination?

    In September 2019, the Kingdom of Saudi Arabia announced the launch of a visa program, allowing nationals from 49 countries to visit for the first time as tourists. Women would now be allowed to visit the country unaccompanied and no longer required to wear an abaya or headscarf, which must be worn in public by Saudi women.

  • What Do Post-COVID Supply Chains Look Like?

    Businesses have seen the need for shorter, more localized supply chains. Supplies of some high-demand raw materials, like cobalt and lithium, can only come from specific regions — nothing can change that situation — but there can be more near-shoring and on-shoring. There is also the need for multi-shoring, not basic multi-sourcing, which caught out some operations during lockdown that had arranged multiple different supply sources in the same region, all affected by COVID-19 transport restrictions.

  • Libya: Is there any hope for free and fair elections? 

    The UN-mediated Libyan Political Dialogue Forum agreed in February to form a new interim administration, led by Prime Minister Abdul Hamid Dbeibah, in a bid to reconcile opposing authorities and lead the nation through elections after years of turmoil.

  • What does Saudi ban on Syrian produce mean for Assad’s government?

    Ahmad Hassan, a Syrian journalist residing in Turkey, told Al-Monitor that banning entry to Syrian trucks is part of the Saudi measures to counter the smuggling of drugs from Lebanon and Syria, because there is no joint Saudi-Syrian coordination mechanism that ensures Saudi knowledge of the government’s import procedures. Lately, the number of cargos containing drugs coming from Syria into Saudi Arabia has increased, he said.

  • Arab Spring Redux? Middle East Most Exposed to Food Prices: Map

    International food prices have risen close to their 2011 peak. Ten years ago, they triggered waves of protests, especially in the Middle East. The region is still exposed today -- seven of the 10 most-exposed emerging market economies are in the Middle East according to Bloomberg Economics’ food vulnerability scorecard -- but its weakest links are Sudan and Lebanon instead of Egypt and Tunisia, with Yemen rounding off the top three.