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OPEC Discipline Partly to Blame for Oversupply, but Saudi Leadership May Boost Prices
Jadwa Investment’s recently released quarterly oil market update for Q2 2017 questions if discipline within OPEC is waning as oil’s price continues to stay low on international indices as high supply persists, but recent moves by Saudi Arabia in Russia this week indicate action is forthcoming to curb supply. Oil prices declined by 8 percent […]
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U.S. Removes Laptop Ban on Flights from Jeddah, Saudi Arabia; Riyadh to be Inspected by U.S. Officials ‘This Week’
The Trump administration on Monday lifted the ban on carrying laptops onboard Saudia Airlines, the last airline facing in-flight restrictions on electronics, a TSA spokesman has said. The removal only affects passengers on Saudia flying out of the airline’s hub in Jeddah, Saudi Arabia. US government officials will visit Riyadh’s King Khalid International Airport “later this […]
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CNN Publishes 2013 ‘Secret Agreements’ Between Gulf States Barring Support for Opposition and Hostile Groups
CNN has exclusively published documents showing that Qatar made a series of secret agreements with its Gulf neighbors in 2013 and 2014 barring support for opposition and hostile groups in those nations, as well as in Egypt and Yemen. The agreements themselves were not secret, but until now the exact wording in the documents was […]
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Saudi Aramco Releases 2016 Annual Review
Last week, Saudi Aramco released its annual review for 2016, a detailed overview of Saudi Arabia’s upstream and downstream energy operations, national strategy, and international activities and investments. The Annual Review for 2016, which is released halfway through the following year, takes on special significance as the Kingdom embarks on its Vision 2030 economic and social […]
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Blockade of Qatar Continues as Response to Demands Viewed as ‘Negative’
The foreign ministers of four Arab countries led by Saudi Arabia said they regretted Qatar’s “negative” response to their list of demands and said the blockade of the country would continue. Saudi Arabia, Egypt, Bahrain and the UAE severed ties with Qatar last month and Saudi Arabia has closed its airspace and land border with […]
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Foiled Mecca Mosque Attack Last Week Shows Urgency of Daesh Threat Inside the Kingdom
Last week’s foiled plot attempt to attack the Grand Mosque in Mecca indicates a growing Islamic State intent to mount mass-casualty attacks in Saudi Arabia, according to reports. A suspect in the planned attack on the mosque blew himself up in a nearby neighborhood when security forces surrounded a home where the man was hiding, […]
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Key U.S. Republican Senator Bob Corker Threatens to Hold Arms Sales to Saudi, UAE if Qatar Rift Not Fixed
The Republican chairman of the Senate Foreign Relations Committee, Senator Bob Corker (R-Tennessee) has threatened to withhold arms sales to Saudi Arabia and other Gulf nations until a diplomatic solution is found with neighboring Qatar. The standoff, which has lasted three weeks and has threatened the unity and economic strength of GCC nations, adds uncertainty to […]
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Saudi Arabia’s commitment to extended OPEC cuts ‘will result in oil production having negative effects on GDP’, Jadwa Says
A recent report on the Saudi economy by Riyadh-based Jadwa Investment finds that overall GDP growth will be 0.1 percent in 2017 (compared to 1.4 percent in 2016) due to a sharp decline in oil sector GDP, resulting from the Kingdom’s OPEC commitments to cut output. The projected figure is a revision from earlier forecasts […]
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‘Epicenter X: Saudi Contemporary Art’ Show Hits U.S. in July to Challenge Perceptions, Share Saudi Culture
A U.S. exhibition featuring the works of roughly 40 Saudi Arabian artists aims to “share their expressions, foster conversations and challenge conceptions of life” in Saudi Arabia, the Associated Press reports. The exhibition, entitled “Epicenter X: Saudi Contemporary Art,” opens July 8 and runs for about three months at the Arab American National Museum in […]
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GCC Population grows 7.3% to 57.6 million
According to recent statistics released by the GCC Statistical Centre, the total population of the Gulf Cooperation Council (GCC) countries witnessed a significant increase of 7.3% in 2023 compared to 2021, reaching 57.6 million.
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Saudi Arabia forms global alliance to push for Israeli-Palestinian two-state solution
Saudi Arabia has formed a global alliance to push for a two-state solution to the Israeli-Palestinian conflict, the country's foreign minister Prince Faisal bin Farhan Al Saud said on Thursday on the sidelines of the United Nations General Assembly meeting in New York. The alliance includes a number of Arab and Muslim countries and European partners, the Saudi state news agency reported, without specifying which countries had committed to join.
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Saudi Arabia: Experience The Monumental Heritage Of A Kingdom Waiting To Be Explored
Alhasan revealed that Saudi Arabia ranked as one of the top long-haul destinations for Malaysian travelers last year, “representing 23% of all long-distance trips.” In comparison to the figures from 2022, Saudi Arabia saw a significant 15% rise in Malaysian visitors in 2023, highlighting the growing appeal of the kingdom among Malaysian tourists. The Saudi Arabian tourism ministry, through the Saudi Tourism Authority’s (STA) office in Kuala Lumpur, will maintain its strong collaboration with travel partners in Malaysia to further enhance tourism opportunities.
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Europeans, Arab and Muslim nations launch a new initiative for an independent Palestinian state
To accelerate work on these issues, Eide said almost 90 countries attended a meeting Thursday on the sidelines of the U.N. General Assembly’s current gathering of world leaders. He and Saudi Arabia’s foreign minister co-chaired the session to launch “The Global Alliance for the Implementation of a Palestinian State and a Two-State Solution.”
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Netflix to release Saudi thriller ‘Mandoob’ on October 1
Netflix has announced the release of Mandoob (Night Courier), a Saudi dark comedic crime thriller, on October 1, 2024. Backed by the Red Sea Film Foundation, the film premiered at the 2023 Toronto International Film Festival and made its Middle East and North Africa (MENA) debut at the Red Sea International Film Festival in Jeddah in December.
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Saudi FM slams Israel’s ‘barbaric practices’ against ‘defenseless’ Palestinian civilians
Prince Faisal urged the UN to recognize Palestine as a full member, saying: “We welcome the adoption by the General Assembly on May 10, 2024, of a resolution that states that the state of Palestine fulfills all the conditions to become a fully fledged member state of our organization, and we welcome the decision of Norway, Spain, Ireland, Slovenia and Armenia, who have recognized the brotherly country of Palestine.”
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Huge fire ravages one of Jeddah’s largest markets
A devastating fire has ravaged large parts of Jeddah International Market, one of the largest markets in the governorate. Two firefighters died while performing their duties to extinguish the fire at the famous market, which broke out at 6 a.m. on Sunday, according to the Civil Defense. More than 20 firefighting units were pressed into service to contain the rapidly spreading flames as the market in the Al-Rawdah district was partially engulfed in smoke.
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Saudi National Orchestra dazzles London with a breathtaking concert at Westminster Hall
In a night filled with grandeur and cultural resonance, the Saudi National Orchestra and Choir performed to a full house at Westminster Hall in London, marking a momentous occasion for Saudi music on the international stage. Organized by the Saudi Music Commission, the concert, titled Marvels of Saudi Orchestra, was the grand finale of the orchestra’s London tour before heading to its next destination, Tokyo. This event is part of Saudi Arabia's broader efforts to elevate the global presence of its cultural and artistic talents.
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Foreign Minister Delivers Saudi Arabia’s Speech at the 79th Session of the UN General Assembly
Our world today is witnessing many crises exacerbated by the satisfaction of managing them without finding practical solutions to address them. This is due to the laxity of practical international efforts and selectivity in implementing international law and international humanitarian law. This has resulted in the expansion of the circle of violence and conflicts and the threat to the principles of international legitimacy. This requires us to adhere to the principles and foundations set by the United Nations Charter, work together, and focus on long-term peaceful solutions that ensure the protection of civilians, end fighting and wars, and provide security and development regionally and internationally.
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Saudi Arabia sees 656% surge in leisure tourism in 2024
The most notable development is a 656% increase in tourists arriving for entertainment and holiday purposes. The ministry highlighted that 4.2 million tourists visited for these reasons in the first seven months of 2024, reflecting a 25% rise from the previous year and a significant leap from pre-pandemic levels in 2019.
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Saudi companies secure $3.2bln funding for 5.5GW solar projects
A consortium comprising Saudi-listed ACWA Power, the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF and Saudi Aramco Power Company (SAPCO), a wholly owned unit of Aramco, has secured financial close on 5.5 gigawatt (GW) solar PV projects worth 12 billion Saudi riyals ($3.2 billion).
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