Menu

Global Scans · Saudi Arabia · Weekly Summary


DRIVER: Saudi Arabia could see some tumultuous economic policy changes provoked by the lower oil price era and the emerging challenge from renewable energies. It also faces threats from Middle East turmoil.

  • [New] As the GCC cybersecurity industry continues to grow - with F & S estimating it to triple in value by 2030 to reach US$ 13.4 billion - countries like the UAE and Saudi Arabia continue to reduce their dependence on oil exports and are instead opting for digital tools and technologies. Intelligent CIO Middle East
  • [New] Saudi Arabia announces a plan to become a biotech leader in the Middle East and North Africa region by 2030 and an international biotech hub by 2040. Nature
  • Economic Diversification: Partnerships with global businesses will enable Saudi Arabia to shift away from oil dependence, fostering growth in sectors like tourism, entertainment, and renewable energy. Daily News Hungary
  • The Houthi rebels which had been supplied with Iranian missiles and drones would utilize the opportunity to assist in Iran's strike campaign and further intensified the strikes against Saudi Arabia. Future
  • China will not be able to sustain simultaneously improving its relations with Israel, Saudi Arabia, and Iran forever. Center for Strategic and International Studies
  • An end to OPEC in its present form cannot be entirely ruled out in the long term, but a price war initiated by Saudi Arabia that might trigger a breakup of the oil cartel is very unlikely in the near to medium term. Kaiser Partner
  • Tourism is increasingly recognized as a pivotal driver of economic growth in Saudi Arabia and a key pillar in the Saudi Vision 2030. AzerNews.az
  • Including Saudi Arabia and the UAE in BRICS could have profound implications for global energy policies and trade dynamics, given their status as major oil producers. AzerNews.az
  • Conservative monarchies, like Jordan and Saudi Arabia, fell squarely into the camp of the United States, risking their domestic legitimacy to ensure regime security. Al Jazeera Centre for Studies
  • There may possibly be somereduction in Saudi Arabia in the quarters ahead, but we expect incrementaldemand in other regions to sustain strong level of jack-up activity andutilization for the foreseeable future. TradingView
  • Saudi Arabia and Qatar are both going to be pressured to try to find ways to liberalize their economies in ways that make sense for themselves, if they want to compete with the economic freedom Dubai gives businesses. Fortune
  • The Biden administration has a historic opportunity to broker a groundbreaking deal encompassing Israel, Saudi Arabia, and the Palestinian Authority, not merely despite Israel's conflict with Hamas but because of it. Foundation for Defense of Democracies
  • As we strive for 10 x growth by 2040, we understand that embracing and investing in the latest technological trends is essential to unlocking the full potential of the mineral resources in the Kingdom of Saudi Arabia. International Mining
  • The Science Museum Group is to create a Museums Hub in Saudi Arabia which it says will become a center of excellence for science and culture and support the wider museum sector. Museums + Heritage Advisor
  • Other analysts point out that the Houthis might also seek closer relations with Saudi Arabia, a factor that could hold them back from any actions that escalate tensions within Yemen. Al Jazeera
  • Despite Iran's ongoing disruption though proxies including Hamas and the Houthis, Saudi Arabia is open to normalising relations with Israel, while also advancing the prospect of a Palestinian state. Smart Thinking
  • The GCC, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, has emerged as a powerful economic bloc with significant investment potential. Trade Horizons
  • The Kingdom of Saudi Arabia has warned of the extremely dangerous repercussions of storming and targeting the city of Rafah in the Gaza Strip, which is the last refuge for hundreds of thousands of civilians forced to flee by the brutal Israeli aggression. Palestine Chronicle
  • Per reporting by various media, Saudi Arabia appears to have given its tacit approval for use of the corridor, which will deliver cargo between the Gulf states and Israel via Saudi Arabia, Jordan, and a possible extension to Egypt. India Briefing News
  • The US wants a revitalised PA to run Gaza and hopes to convince Israel to take steps towards a two-state solution by enticing it with the prospect of normalising relations with Saudi Arabia. Centre for European Reform
  • Public support for the Houthis slowly eroded without an outside aggressor to blame; Houthi leaders could no longer justify the hardships in Yemen as a required sacrifice to resist foreign powers, namely Saudi Arabia and United Arab Emirates. The Conversation
  • Contested sovereignty over Al-Durra gas field between Iran, Kuwait, and Saudi Arabia remains a major contributor to regional antagonisms and could pose problems for economic corridor projects. Carnegie Middle East Center
  • Either way, despite buying lots of Iranian oil, China is forging far deeper commercial ties with Saudi Arabia and Gulf Arab states that fear Iran. The Economist

Last updated: 25 March 2024



Please stand by...

The magic is happening, but it might take a couple of minutes.

Login