{"id":104874,"date":"2026-03-04T00:00:00","date_gmt":"2026-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104874"},"modified":"2026-03-04T03:56:29","modified_gmt":"2026-03-04T03:56:29","slug":"saudi-arabia-says-its-ready-to-take-the-necessary-measures-to-defend-itself","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/03\/04\/saudi-arabia-says-its-ready-to-take-the-necessary-measures-to-defend-itself\/","title":{"rendered":"Saudi Arabia says it\u2019s ready to take the necessary measures to defend itself"},"content":{"rendered":"<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Good morning, all. <\/strong>A lot has happened over the past 24 hours, so let\u2019s dive right in.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>Two big developments happened overnight: <\/strong>The Kingdom made its strongest statement yet since the attacks from Iran started, saying it <strong>is prepared to take all necessary measures to defend its security and protect its territory<\/strong>, citizens, and residents, state news agency <a href=\"https:\/\/www.spa.gov.sa\/N2527825\" target=\"_blank\" rel=\"noopener\">SPA<\/a> reports, citing a cabinet statement. The government reiterated its support for other nations targeted by what it called \u201cheinous Iranian attacks.\u201d<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Saudi <\/strong><strong>Arabia intercepted and destroyed nine drones in the <\/strong><strong>Kingdom\u2019s<\/strong><strong> airspace<\/strong>, the Defense Ministry said in a <a href=\"https:\/\/x.com\/modgovksa\/status\/2029002834528616876\" target=\"_blank\" rel=\"noopener\">statement<\/a> earlier this morning.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>AND- Washington went ahead and shuttered its embassies in KSA and <\/strong><strong>Kuwait<\/strong>, ordering nonessential staff in nearby countries to evacuate, the <a href=\"https:\/\/www.nytimes.com\/2026\/03\/03\/world\/middleeast\/us-closes-embassies-in-saudi-arabia-and-kuwait.html\" target=\"_blank\" rel=\"noopener\">New York Times<\/a> reports. This should come as no surprise after Iranian drones <a href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/03\/the-us-embassy-in-riyadh-was-hit-by-drones-2\/\" target=\"_blank\" rel=\"noopener\">targeted the embassy in Riyadh<\/a> earlier this week.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong><a id=\"wwtt1\"><\/a> MARKET WATCH \u2014 <\/strong><strong>The Kingdo<\/strong><strong>m\u2019s capital markets are keeping their [redacted] <\/strong><strong>together <\/strong><strong>even <\/strong><strong>as the conflict simmers. <\/strong>The TASI edged up 0.73% yesterday amid the pause on trading in effect in the UAE and Kuwait.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Price action in bellwether stocks is signaling a shift toward energy as a regional hedge<\/strong>, Fahd Al Tarzi, CEO of CI Capital KSA, tells EnterpriseAM<strong>.<\/strong> Even with the security threats at Ras Tanura, Aramco is trading up 1.9%, a move Al Tarzi says is telling in the context of oil prices crossing USD 80 and European gas prices spiking.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Local retail investors are moving with caution<\/strong> and moving to cash amid the current volatility. Al Tarzi sees no evidence of panic selling \u2014 instead, investors are recycling capital out of the most liquid names to build liquidity positions. Turnover remains high, and the Nomu baby bourse is also showing resilience, Al Tarzi added.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>KEEP AN EYE ON- The DFM and ADX<\/strong>, where trading resumes this morning after a two-day stop\/<\/p>\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong><a id=\"wwtt3\"><\/a> 56.1 \u2014 that\u2019s the seasonally adjusted purchasing managers\u2019 index figure for the Kingdom<\/strong><strong> in February<\/strong>, dipping from 56.3 in January, according to S&amp;P Global\u2019s <a href=\"https:\/\/ent.news\/2026\/3\/184.pdf\" target=\"_blank\" rel=\"noopener\">Saudi Arabia PMI (pdf)<\/a>. While this indicates a nine-month low in the improvement rate for non-oil business conditions, the figure remains well above the 50.0 neutral threshold, signaling a sustained and healthy expansion in business conditions.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Wage pressures intensify: <\/strong>The survey recorded the sharpest increase in wage costs in its history (dating back to August 2009), driven by firms aggressively raising salaries to retain talent and keep pace with increased workloads. Consequently, business selling charges rose at their joint-fastest rate since May 2023, matching a previous peak seen in October 2025.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Employment gathers pace: <\/strong>While overall output growth moderated, the rate of hiring quickened to a four-month high as businesses expanded capacity to tackle a buildup of outstanding orders. \u201cA key highlight of the February results was the sizable increase in employment, as firms expanded their workforce to manage higher workloads and new business inflows,\u201d Riyad Bank Chief Economist Naif Al-Ghaith noted.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>\u201cThis acceleration in hiring signals confidence in near-term demand<\/strong>, even as overall output growth moderated. At the same time, supply chain performance improved further, with delivery times shortening amid better coordination and operational efficiencies,\u201d he added.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">Get <b style=\"font-weight: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p><a class=\"btn-green px-3 d-flex align-items-center\" href=\"ksa\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a href=\"mailto:climate@enterprisemea.com\" target=\"_blank\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DID YOU KNOW <\/strong>that we also cover <a href=\"https:\/\/enterprise.news\/egypt\/en\" target=\"_blank\" rel=\"noopener\">Egypt<\/a>, <a href=\"https:\/\/enterprise.news\/uae\/en\" target=\"_blank\" rel=\"noopener\">the UAE<\/a>, the MENA <a href=\"https:\/\/enterprise.news\/logistics\/en\" target=\"_blank\" rel=\"noopener\">logistics<\/a> industry, and the <a href=\"https:\/\/enterprise.news\/mena-india\/en\" target=\"_blank\" rel=\"noopener\">MENA &lt;&gt; India<\/a> corridor?<br \/>\n<strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The latest on the escalating regional war continues to dominate the front pages<\/strong>, which we dive into in the news well, below.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MEANWHILE IN BUSINESS NEWS- <\/strong>The world's largest alternative asset manager Blackstone has seen its clients <a href=\"https:\/\/www.reuters.com\/business\/blackstones-82-billion-private-credit-fund-sees-net-outflows-2026-03-03\/\" target=\"_blank\" rel=\"noopener\">pull out USD 3.7 bn<\/a> from its flagship BCred fund in 1Q 2026. The private credit sector is currently facing scrutiny over valuation and transparency. Rival investment group Blue Owl\u2019s decision to halt redemptions also placed a strain on the sector.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>AND- <\/strong>French media group Banijay Group <a href=\"https:\/\/www.banijay.com\/blog\/2026\/03\/03\/25219\/\" target=\"_blank\" rel=\"noopener\">is merging<\/a> its TV production business with rival Alll3Media, forming a single entity \u2014 which will become the world\u2019s largest independent TV producer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, all. A lot has happened over the past 24 hours, so let\u2019s dive right in. Two big developments happened overnight: The Kingdom made its strongest statement yet since the attacks from Iran started, saying it is prepared to take all necessary measures to defend its security and protect its territory, citizens, and residents, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":104875,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[10,385,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-ksa","tag-war-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"73943132-27dc-4c5d-9cec-d1ce66cf7171","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/3\/231.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kingdom to do what\u2019s needed to defend itself","related_issue":[104872],"teaser":"","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Arabia says it\u2019s ready to take the necessary measures to defend itself - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/04\/saudi-arabia-says-its-ready-to-take-the-necessary-measures-to-defend-itself\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia says it\u2019s ready to take the necessary measures to defend itself\" \/>\n<meta property=\"og:description\" content=\"Good morning, all. A lot has happened over the past 24 hours, so let\u2019s dive right in. 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