The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity.
Hours before sunrise Thursday, thousands of Muslims from around the world stood in the dark on a rocky desert hill, preparing for prayers on the first day of the annual hajj pilgrimage, a central pillar of their faith.
This post highlights the insightful comments of Anne Habiby, co-founder and CEO of AllWorld network, who was part of the C3 session focusing on Entrepreneurship and Job Creation in the Arab World and How the US Can Help.
Jadwa raises its projections for Saudi Arabia’s budget and current account surpluses. According to the report, Jadwa now expects the Saudi economy to expand by 5.8 percent in 2012.
For starters, the United States is already over 80 percent (up from 70 percent a decade ago) self sufficient when it comes to energy production and use.
Ms. Hudome shares insights from her experiences advising clients trying to establish themselves in the MENA region and offers a number of guidelines that she has found useful.
Saudi Arabia appears to be keeping its pledge to ensure global markets are well supplied with oil, barely letting up in shipments to the United States even after two of its biggest refining customers suffered crippling glitches.
Expansionary government spending, elevated oil prices, a strong banking system, a maturing private-sector, increasing diversification, growing foreign investment and other factors contribute to an exciting period for Saudi Arabia.
To share expertise and best practice across the GCC region, Dubai Chamber of Commerce and Industry hosted a delegation led by the Council of Saudi Chambers at its head office recently.
