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  • In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
     

    U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]

     
  • High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
     

    Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]

     
  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
     

    Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]

     
  • Sec. Mattis, Saudi FM Al-Jubeir Meet; U.S. Calls for ‘Transparent Investigation’
     

    U.S. Defense Secretary Jim Mattis said on Sunday that he has met with Saudi Arabia’s foreign minister, Adel Al-Jubeir, and called for a “transparent investigation” into the killing of journalist Jamal Khashoggi in Turkey, according to reports. Mattis said he met Saudi Foreign Minister Adel al-Jubeir during a conference in Bahrain on Saturday and discussed […]

     
  • Crown prince chairs first meeting on reform of Saudi intelligence services
     

    Saudi Crown Prince Mohammed bin Salman chaired the first meeting on Thursday of a special committee to reform Saudi Arabia’s intelligence services. The restructuring was ordered by King Salman after the murder in Istanbul of Saudi journalist Jamal Khashoggi. According to Arab News, the committee “assessed the General Intelligence Presidency’s current organizational structure and identified […]

     
  • FII Kicks Off in Riyadh
     

    The Future Investment Initiative (FII) kicked off today at the Ritz Carlton, Riyadh with a standing room only crowd despite an exodus of CEOs and other top executives in recent weeks. The PIF-organized event went forward as planned despite questions regarding the event’s timing, and saw a large crowd at the start of the event. The event […]

     
  • 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, […]

     

MUST-READS

  • Saudi Arabia Deploys Tornado Fighter Jets for Exercise in Pakistan

    The Royal Saudi Air Force has deployed six Panavia Tornado fighter jets for the Indus Shield 2024 air exercise in Pakistan, where Turkey and Egypt also showcased their military capabilities and explored opportunities for enhanced cooperation. The drill allowed each nation to discuss and exchange best practices on the latest technologies, strategies, and operations. In addition to Riyad’s Panavia Tornados, the Turkish Air Force contributed with F-16s, the Egyptian Air Force sent Mirage 2000s, and Pakistan deployed J-10C fighter jets.

  • A former Colorado staffer’s rogue NIL trip to Saudi Arabia: Wild tale or sign of desperate times?

    Reilly said he did not tell Sanders of his plans to visit the Middle East after the conclusion of the 2023 season, but said he informed members of Sanders’ personal staff of his intentions. He also had made it clear to tourism officials in the Middle East that he could never himself strike a deal, but his goal was to serve as an introductory middleman between Colorado’s collective and potential partners.

  • Saudi Arabia aims to establish itself as a global film production hub

    Producers, artists, specialists, and filmmakers from the kingdom and abroad are participating in the four-day Saudi Film Confex. The opening day showcased an impressive attendance of specialized filmmakers, featuring dialogue sessions that addressed critical topics such as the role of support and financing funds in the industry and the integration of the film sector with other developmental areas.

  • Saudi Arabia offers Pakistan share of $200bn in annual construction contracts

    As Saudi Arabia prepares to become the world’s largest construction market, the Kingdom is investing heavily to diversify its economy. According to a 2024 report by global property consultancy Knight Frank, the total construction output is projected to reach $181.5 billion by the end of 2028, marking a nearly 30 percent increase from 2023. “Saudi Arabia is the largest construction site in the world and we will in the next few years be awarding construction and material procurement contracts reaching about $1.8 trillion,” Al-Falih said at the Pak-Saudi Business Forum 2024.

  • Saudi Company for Artificial Intelligence partners with Elm for Al in public sector

    Established in 2021, SCAI is a PIF-owned company that was founded with the aim to positioning KSA as a global AI leader. The company builds AI applications, including in areas such as smart cities, healthcare, public transport, and sustainability. Together with Elm, one of Saudi Arabia’s leading IT consulting and technology companies, SCAI will develop AI use cases in the public sector, and develop prototypes and applications using Al technologies. Elm’s consulting business meanwhile will provide strategic advisory services to SCAI and to the Al offices of public sector institutions that are part of SCAI’s network.

  • Saudi businessmen sign 27 memorandums of understanding with Pakistan valued at $2 billion

    In a televised speech, Sharif hailed the memorandums and said he hoped they would soon be translated into agreements, adding that his government will do its best to facilitate Saudi investments in the country. Sharif also thanked Saudi Arabia for helping Pakistan reach an agreement to receive a $7 billion bailout from the International Monetary Fund.

  • Saudi, UAE, Qatar Lobbying DC to Keep Gulf Oil Safe from Israel

    Speaking to Reuters three unnamed Gulf sources said Saudi Arabia, UAE and Qatar are concerned that Israel will target Iranian oil facilities and that other Gulf assets could also come under fire by Iran or its proxies. All three Gulf countries are refusing to let Israel use their airspace, with Reuters reporting that Tehran warned Riyadh earlier this week that it could not guarantee the safety of the Kingdom's oil facilities in the event of an Israeli attack. "The Iranians have stated: 'If the Gulf states open up their airspace to Israel, that would be an act of war,” Reuters quoted a Saui analyst close to the royal court as saying.

  • Saudi Arabia launches insurance policy to protect expatriate workers

    Director general of international communications and cooperation, Abdulrahman Al-Zaid, told Arab News: “The Expatriate Worker Wage Insurance Service for Private Sector Defaults is part of the ministry’s ongoing efforts to protect both workers and employers, while enhancing the overall efficiency and appeal of the Saudi labor market. “The initiative is designed to create a more secure labor environment, making Saudi Arabia a leading hub for international talent.”

  • Saudi Arabia, GCC embrace biological age testing in push for healthier aging

    From stem cell research to modifying age-limiting conditions such as Alzheimer’s or Parkinson’s disease, to unlocking the regenerative capacity to reverse age-related changes in the body, targeting human aging with new therapies and medicines is a big business. And the latest trend is biological testing; figuring out how old your body actually is, versus the age on your passport. Or, in other words, your biological age versus your chronological age.

  • Battling Japan down Saudi Arabia to stay perfect in World Cup qualifying

    Japan handed Saudi Arabia a 2-0 defeat in Jeddah on Thursday as Hajime Moriyasu's side continued their march towards the World Cup with a third consecutive win in Asian qualifying that moves the Samurai Blue five points clear at the top of Group C. Daichi Kamada's close range finish put the Japanese in front in the 14th minute of a physical first half and substitute Koki Ogawa headed in Junya Ito's corner nine minutes from time to secure the points.