Other Briefings
China’s Rongsheng Petrochemical and Saudi Aramco Forge Closer Energy Ties with New MoU
Discussions are ongoing between Saudi Aramco and China’s Rongsheng Petrochemical regarding their mutual intent to acquire ownership stakes in each other’s subsidiary entities.
Saudi Arabia Upgrades Digital Platforms for Visa Applications
Saudi Arabia continues to modernize its visa application process to promote ease of access, boost tourism and business travel, and enhance transparency with regards to labor management.
Saudi Mutual Fund Opens Doors to Chinese Investors for the First Time
U.S.-backed Huatai-PineBridge Fund Management Co. Ltd. has applied to establish the first mutual fund accessible to Chinese mainland investors, tracking the Saudi Arabian stock market and marking a potential milestone in cross-border investment.
Saudi Arabia and Indonesia Collaborate to Elevate the Assurance of Halal Products
Saudi Arabia and Indonesia signed a memorandum of understanding (MoU) on Halal product assurance cooperation in addition to the mutual recognition of each other’s Halal certificates. The agreement was signed between Indonesia’s Halal Product Assurance Organizing Body (BPJPH) and the Saudi Food and Drug Authority.
China’s Multilateral Trade With Saudi Arabia, 2023/24 Status and Prospects
By Farzad Ramezani Bonesh Trade relations between China and the Arab countries go ack at least 1,500 years, when Chinese goods came to the Arabian Peninsula and Arab goods were transported to East Asia. China and Saudi Arabia established diplomatic relations in July 1990, with bilateral relations developing comprehensively over the past few decades. In […]
Saudi Arabia To Be World’s Fastest-Growing Major Economy in 2023
Saudi Arabia is poised to jump ahead of India as the fastest-growing major economy in 2023, as India’s growth takes a hit from weakening demand at home and abroad. India’s GDP will grow 7% in the 2023-24 fiscal year ending in March 2024, according to the first official estimate released by the National Statistics Ministry […]
Saudi Arabia & the UAE Eye BRICS Memberships: Implications
The Russia-Ukraine conflict accelerated a global trend aimed at creating an economic and financial universe parallel to the existing system. We have in the past highlighted the possibility of the GCC countries joining the BRICS grouping of Brazil, Russia, India, China and South Africa, whose population together constitute 41 per cent of the world. These […]
Saudi Arabia Wins Bid To Host 2029 Asian Games – With Outdoor Snow Skiing Facilities
Saudi Arabia has won the bid to host the Asian Winter Games in 2029, which will be held in Trojena, Neom. Neom is a part of the Kingdom’s Vision 2030 national development plan into which Prince Mohammed bin Salman has poured hundreds of billions of dollars, with the aim of transforming the Saudi economy, creating […]
Saudi Arabia’s Red Sea Development Project Begins To Take Shape
The Saudi Arabia Red Sea Development Company has begun to show the fruits of the five years of hard work it has put into creating an up market Red Sea tourist resort, as part of the Saudi Vision 2030 national development plan. The image shown above is part of the Nujama Ritz-Carlton Reserve, scheduled to […]
IMF Says Saudi Arabia’s Economy Growing Faster Than United States
The International Monetary Fund (IMF) has said that high oil prices will likely drive Saudi Arabia’s economic growth to outpace that of the United States this year. In a report published on August 17, the IMF predicted that the kingdom’s GDP will grow by 7.6% in 2022, the fastest rate of expansion in nearly a […]
