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  • #FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
     

    In the latest FocusKSA discussion, Saudi-US Trade Group President, Richard Wilson, spoke with Walid Abdulwahab, a recent graduate of the University of Southern California and Founder and CEO of Desert Farms, which produces, markets and sells camel milk and camel milk products to a growing list of U.S. retail outlets.  Walid discusses his background, academic experience […]

     
  • SUSRIS: Saudi Oil Production “Crucial” to EIA 2015 Forecast
     

    “Changes in the forecast of Saudi Arabian oil production are crucial to the revised outlook and a major source of uncertainty in the year ahead. Saudi Arabia has indicated interest in preserving market share rather than unilaterally carrying the burden of cutting production to balance the global oil market. In addition to numerous statements by […]

     
  • #SaudiTBT: King Faisal Bin Abdulaziz al-Saud on the Tarmac of Le Bourget Airport in Paris, 1939
     

    Returning in March 1939 from the London Conference (St. James Palace Conference) which attempted to negotiate an agreement between Jews and Arabs in Palestine, Faisal Bin Abdulaziz Al-Saud stands on the tarmac of Le Bourget Airport in Paris, France with members of his delegation.  Among other issues, the London Conference was unable to resolve the matter of […]

     
  • Jadwa Investment’s November 2014 Saudi Chartbook finds Bank Lending to Private Sector Year-on-Year Highs
     

    Jadwa’s November 2014 Chartbook shows bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent and noted that economic data was positive for September. “Bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent, the highest since November 2013,” Jadwa Investment said, noting that generally “economic data was […]

     
  • Khoja Out as Information Minister, Replacement Named
     

    Saudi Arabia’s King Abdullah relieved Culture and Information Minister Abdul Aziz Khoja of his post by royal decree and replaced him with Bandar bin Mohammed Asaad Hajjar, an economist and Saudi Arabia’s Hajj Minister.  Although an Arab News headline said that Culture and Information Minister Abdul Aziz Khoja “quit,” media outlets are speculating that the Khoja was actually […]

     
  • Hamad Bin Nasser’s Classic Cars on Display in Qassim
     

    Hamad Bin Nasser is a fan of classic cars. The Saudi recently paid over $100,000 for a rare car from a collector in the United States, built in 1899.  Even the Emir of Qassim has visited his museum where the cars are viewable to automotive fans. The Saudi Press Agency recently posted photos of the […]

     
  • The Best SPA Photos from October 2014
     

    In the September edition of the best photos from the Saudi Press Agency, a dazzling performance from Saudi security forces, infrastructure in the Kingdom, ancient woodworking and more.

     
  • Video: Full Keynote Address by HRH Prince Turki Al Faisal at the 2014 AUSPC
     

    Prince Turki al-Faisal’s remarks to the 23nd Annual Arab-U.S. Policymakers Conference, entitled, “Framing and Charting the Region’s Issues, Interests, Challenges, and Opportunities: Implications for Arab and U.S. Policies” Saudi Arabia’s Prince Turki al-Faisal is Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to […]

     
  • Is the Saudi Health Ministry Failing to Meet Targets?
     

    Saudi Arabia is in danger of failing to meet crucial targets set out in the Kingdom’s ninth development plan for 2010 to 2014, according to a post published in the Saudi Gazette, based on information from the Arabic-language Al-Eqtisadiah. “With only two months left until the end of 2014, the ministry is far from reaching […]

     
  • #FocusKSA: What to Expect from the Opening of the Saudi Stock Market: Fahad al-Turki of Jadwa Investment
     

    In part 2 of our FocusKSA conversation with Dr. Fahad al-Turki, Head of Research for Jadwa Investment, discusses what to expect from the opening of the Saudi stock market to foreigners in 2015. Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports […]

     

MUST-READS

  • Global cyber outage grounds flights, hits banks, telecoms, media

    A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike (CRWD.O), opens new tab appeared to be the trigger, affecting customers using Microsoft's (MSFT.O), opens new tab Windows Operating System. Microsoft said later on Friday the issue had been fixed.

  • China’s solar industry finds oasis in the Middle East

    China's solar energy giants such as JinkoSolar, LONGi Green Energy Technology, TrinaSolar, and JA Solar Technology, have struggled since 2023. LONGi and JA Solar recorded losses in the first quarter of 2024, while JinkoSolar and TrinaSolar saw their net profits plunge by 29.09% and 70.83%, respectively, to CNY 11.76 billion (US$1.62 billion) and CNY 5.16 billion. Solar silicon wafer providers Tongwei and TCL Zhonghuan Renewable Energy Technology also swung from profit to loss.

  • Saudi Arabia signs deals for 30GW domestic solar PV manufacturing

    Both agreements, made through joint ventures (JV), will bring 30GW of solar PV manufacturing, from ingots to modules, to Saudi Arabia. The agreements have been made by the Renewable Energy Localization Company (RELC), a fully-owned PIF company, along with the participation of Saudi renewables investor Vision Industries (VI) and the Chinese manufacturers.

  • Saudi Arabia’s Riyadh may be crypto’s sleeping giant

    Though the word “cryptocurrency” was largely avoided at the event, Siu’s message seemed clear: Saudi Arabia may not have made definitive moves in the realm of blockchain and crypto, but it is a sleeping giant in terms of wealth, population and influence, and can set the tone of the industry for the entire region.

  • Slowing Chinese economy no threat to Saudi oil exports – yet

    Slower economic growth in China in the second quarter of this year has raised concerns about Saudi Arabia’s ability to maintain funding lines from its main trading partner. The Chinese economy grew at a year-on-year rate of 4.7 percent, down from 5.3 percent in the previous quarter. In the retail sector, the pace of growth slowed to an 18-month low as deflationary pressures forced businesses in the world’s second-largest economy to cut prices on everything from cars to food and clothes.

  • Saudi’s New Murabba Stadium will be ready for the 2034 FIFA World Cup

    Part of the grand $800 billion New Murabba project, the stadium is just one piece of the puzzle. The project aims to double the size and population of the capital, turning downtown Riyadh into a cultural hotspot. Alongside the stadium, the project will include a museum, a technology and design university, a multi-purpose immersive theatre, and over 80 cultural and entertainment venues.

  • Saudi Arabia stresses importance of strengthening international order to prevent chaos and conflicts

    Moreover, the Cabinet reaffirmed the Kingdom’s commitment to enhancing international cooperation to ban weapons of mass destruction and prevent their proliferation during the meetings of the Executive Council of the Organization for the Prohibition of Chemical Weapons. The Cabinet emphasized the organization’s role in maintaining international peace and security and the full and effective implementation of all provisions of the Chemical Weapons Convention.

  • Saudi Crown Prince congratulates Iranian President on election victory during a phone call

    Crown Prince and Prime Minister Mohammed bin Salman congratulated President Dr. Masoud Pezeshkian on winning the presidential elections in Iran during a phone call on Wednesday. The Crown Prince and President Pezeshkian praised the development of relations at all levels, stressing the importance of continuing to enhance cooperation in various fields between the two countries. The Iranian President expressed his gratitude and appreciation to Crown Prince Mohammed bin Salman for his kind wishes.

  • Saudi Aramco backs AI startup

    A venture unit of Saudi Arabian oil company Aramco is making its first U.S. AI-related investment, backing a pre-Series A round for San Francisco-based AiXplain, AiXplain is one of a growing number of startups that aim to transform generative AI from chatbots into agents who can take action. The startup also wants to ensure that Arabic languages are better represented.

  • Will growing Saudi investment in Iraq hit Iranian roadblock?

    Gulf Arab investment in Iraq has swelled in recent years, signaling a new and widening rapprochement with Baghdad. Yet, while Iran and Saudi Arabia last year agreed to normalize relations, it is unclear whether Arab investment in Iraq—without stoking Iranian ire—is tenable. Riyadh and its Arab neighbors recognize that any move against their interests by Iran-backed  Iraqi armed groups would undermine the investments that their broader strategy depends on.