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  • Saudi, Qatar Bond Issues Get Cozy; Both Oversubscribed
     

    Saudi Arabia beat out regional rival Qatar’s first bond issuance since the Gulf crisis began with its own “surprise” $11 billion raise, which drew $52 billion of orders this week, according to reports. Saudi Arabia denies that the timing of the quick-fire raise was not aimed at damaging Qatar’s issuance. The Saudi debt management office told the […]

     
  • Now West, Crown Prince Salman Meets with Tech Elite in Seattle
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman met with some of the world’s most prominent technology executives in Seattle this weekend as part of his three-week long official visit to the United States. The powerful millennial has prioritized technology as part of Saudi Arabia’s Vision 2030 social and economic reform blueprint, and has used the newly-empowered Public […]

     
  • Crown Prince Mohammed bin Salman visits Harvard, MIT in Boston
     

    Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America’s premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030. The visit to Boston is the second stop in a weeks long tour across the United States, his first […]

     
  • State Department Approves $1 Billion in New Military Sales to Saudi Arabia
     

    The State Department approved a possible sale of $670 million in TOW 2B (BGM-71F-Series) missiles to Saudi Arabia, according to a release from the Defense Security Cooperation Agency (DSCA). Together, with a new $300 million sale for spare vehicle parts for the Royal Saudi Land Forces Ordnance Corps, the new deals announced amount to nearly $1 billion. Defense Secretary James Mattis on […]

     
  • Crown Prince Mohammed bin Salman Kicks Off Two Week U.S. Visit Today with Meeting at White House
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House. The Saudi embassy in Washington, D.C. issued a release providing further details on the trip, noting that in addition to meeting with President Trump […]

     
  • Shrugging Off Uncertainty, Investors Pour Money into Saudi Arabia with ‘Strong Underlying Fundamentals’
     

    Saudi Arabia is “the hottest emerging market” right now as investors appear to be shrugging off concerns surrounding last year’s crackdown on corruption and with optimism surrounding Vision 2030’s economic and social reforms now coming into effect, CNN Money reports. “Equity funds investing in Saudi Arabia saw net inflows of $110 million between the start […]

     
  • Saudi Arabia, United Kingdom Pledge Billions in Bilateral Trade and Investments
     

    Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman’s visit in London with billions in deals eyed in the coming years. Saudi Arabia’s crown prince and the U.K.’s prime minister launched an economic and investment partnership called the U.K.-Saudi Arabia Strategic Partnership […]

     
  • Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]

     
  • New Life-Sized Camel Sculptures Discovered in Saudi Arabia May Date Back 2,000 Years
     

    Archaeologists from France’s National Center for Scientific Research (CRNS) and their colleagues from the Saudi Commission for Tourism and National Heritage (SCTH) have discovered camelid sculptures “unlike any others in the region” dating back to the first centuries BC or AD, according to a press release from the CRNS. The find sheds new light on the evolution […]

     
  • ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia
     

    Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports. ACWA Power announced the win on its website on Tuesday. “This plant is the first of what […]

     

MUST-READS

  • Dreams turned into reality as Saudi Arabia turns 94

    September 23rd is a date that resonates deeply with every citizen and resident, symbolizing a land rich in goodness, blessings, and generosity. This occasion arrives amidst a new reality filled with significant development initiatives that position Saudi Arabia among advanced nations, embodying growth, security, ambition, and the unwavering resolve to turn the impossible into reality.

  • Saudi industrial investments soar to $400bn after expat fees waived

    Investments in the Saudi industrial sector jumped 54 per cent, hitting SR1.5tn ($400bn) this year from SR992bn ($264bn) in 2019, according to a report released by the Federation of Saudi Cambers’ economic-affairs department. The analytical report addresses the impact of the state’s waiver on fees for expatriate workers in the industrial sector, an initiative introduced in 2019 and running until the end of 2025, under a recent extension decision.

  • Could homegrown fashion be Saudi Arabia’s next economic driver?

    As a result, fashion sales in Saudi Arabia are projected to soar by 48 percent from 2021 to 2025, reflecting a robust annual growth rate of 13 percent. This growth is fuelled by diverse factors including a rising interest in sportswear due to increased health consciousness and robust marketing efforts by global brands like Adidas and Nike.

  • Iran’s Guards ban communications devices after strike on Hezbollah

    Iran's elite Revolutionary Guards Corps (IRGC) has ordered all members to stop using any type of communication devices after thousands of pagers and walkie-talkies used by its Hezbollah allies in Lebanon blew up in deadly attacks last week, two senior Iranian security officials told Reuters. One of the security officials said a large-scale operation is underway by the IRGC to inspect all devices, not just communication equipment. He said most of these devices were either homemade or imported from China and Russia.

  • Lebanon says Israeli airstrikes kill as least 100 people, as citizens told to evacuate

    Israel unleashed its most widespread wave of airstrikes against hundreds of Hezbollah targets on Monday, killing at least 100 people by Lebanese tallies, and warned citizens to evacuate areas where it said the armed group was storing weapons. The latest attacks come amid some of the heaviest cross-border exchanges of fire in almost a year of conflict, as Israel shifts its focus to its northern border, where Hezbollah has been firing rockets into Israel in support of its ally Hamas, which is fighting a war with Israel in Gaza.

  • Why Hezbollah and Israel Can’t Make a Deal

    The attack demonstrated, not for the first time, the extraordinary degree of Israel’s penetration into Iran and its Arab allies. Just since January, Israel has assassinated the Hamas operative Saleh al-Arouri in Beirut, the Hamas political leader Ismail Haniyeh at a guesthouse in Tehran, and the Hezbollah military leader Fuad Shukr, again in Beirut. But the pager explosions mark an escalation, specifically, of the conflict that has been building between Israel and Hezbollah since October 8.

  • Israel conducted Lebanon pager attack fearing Hezbollah was onto the operation

    Israel decided to blow up the pager devices carried by Hezbollah members in Lebanon and Syria on Tuesday out of concern its secret operation might have been discovered by the group, three U.S. officials told Axios.

  • The Complex Reality of Great Power Competition in the Middle East

    Today’s Middle East and North Africa (MENA) region is at the core of the competition between the United States and its great power rivals, China and Russia. China has grown increasingly preoccupied with securing energy supplies from the Gulf. Russia has been invested in protecting the few allies it has in the region and in disrupting the U.S.-led regional security architecture.

  • 2024 Fiscal Transparency Report: Saudi Arabia

    The limited data available in the government’s annual budget statement broke down expenditures by category, but not by ministry or agency. The annual budget statement did not show allocations to the royal family, and the government maintained off-budget accounts not subject to public oversight. Military and intelligence budgets were not subject to legislative oversight or a civilian public body. When actual revenues and expenditures did not reasonably correspond to those in the enacted budget, the government produced and publicly issued revised budget estimates.

  • Pakistani Drivers Are The Heroes Behind Driving Saudi’s Famous Planes To Riyadh

    When the famous Saudi planes rolled into Riyadh for the grand Riyadh Season, the city was buzzing with excitement! Hundreds of people lined the streets, proudly decked out in traditional Saudi clothes, waving flags, and cheering as the planes made their grand journey. But behind the scenes, the real heroes were the Pakistani drivers who made it all happen.