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  • With Houthi Gains in Yemen, Saudi Reportedly Pulls Aid
     

    Saudi Arabia has suspended most of its financial aid to Yemen in “clear indication of its dissatisfaction with the growing political power of Shi’ite Houthi fighters friendly with Riyadh’s regional rival, Iran,” according to a Reuters report. “Soon after Houthi fighters took over the capital Sanaa in September, Saudi Arabia promptly suspended much of that […]

     
  • Saudi Arabia Sees Oil Prices Stabilizing ‘Around $60 a Barrel’
     

    Saudi Arabia now believes oil prices could stabilize at around $60 a barrel, a level both it and other Gulf producers believe they could withstand, according to people familiar with the situation citied in a UPI report. “Saudi Arabia seeks to maintain its long-term market share, even if the price of oil stays temporarily low, its […]

     
  • Smartphone Generation: The Overnight Mobile Internet Revolution in the MENA Region
     

    What is the single indicator related to the online market opportunity in the United Arab Emirates and Saudi Arabia that beats all other developed and developing countries? Just take a look at people in coffee shops, malls, or even at family gatherings, you’ll notice immediately that everyone has a smartphone. To be specific, 74% of […]

     
  • Legalized Drifting: 4-Round Saudi Car Drift to Begin Al-Ahsa
     

    At long last, one Saudi will be able to claim to be the best drifter in the Kingdom. The Saudi Star Drift Championship kicks off this month for the first time, and will be supervised by the Saudi Arabian Motor Federation. The series will take an otherwise illegal but popular hobby in Saudi Arabia and make it […]

     
  • #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 […]

     

MUST-READS

  • Saudi Arabia supports joint statement on Gaza ceasefire and humanitarian crisis

    The Ministry of Foreign Affairs expressed Saudi Arabia's support for the joint statement issued by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, Emir of Qatar. The Kingdom reaffirmed its backing for ongoing efforts to establish a ceasefire and address the worsening humanitarian crisis in Gaza. Saudi Arabia emphasized the urgency of ending the bloodshed, alleviating suffering, and safeguarding civilians. Additionally, the Kingdom stressed the importance of advancing toward the end of the occupation, achieving peace and security, and restoring the full legitimate rights of the Palestinian people.

  • Expat remittances from Saudi Arabia hits $3.2bn in June

    Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 percent, according to the latest data from the Saudi Central Bank, also known as SAMA. This figure underscores the Kingdom’s significant role in global remittance flows and is a testament to the economic dynamics influencing the region.

  • Saudi Arabia signs IAEA protocol as nuclear plans advance

    Saudi Arabia has inched closer to obtaining US help to develop a nuclear energy programme by signing a protocol that ensures the International Atomic Energy Agency (IAEA) has legal rights to operate inside the kingdom. However an agreement to the inspection of nuclear facilities by the Vienna-based supervisory body, including a protocol that would allow snap visits, remains outstanding.  “As nuclear activities are poised to grow in Saudi Arabia, facilitating the work of IAEA staff as they carry out duties is key,” IAEA Director General Rafael Mariano Grossi posted on X, formerly Twitter, on August 7.

  • Saudi Arabia sees surge in cancer cases, Riyadh tops the list

    Saudi Arabia has reported approximately 22,000 cancer cases, with breast cancer being the most common type, according to Dr. Mushabib Al Asiri, Director General of the National Cancer Centre, with Riyadh leading the Kingdom in cancer cases. Dr. Al Asiri noted that the Saudi Oncology Registry, one of the country's foremost national registries, provides essential statistical data to enhance cancer-related health and preventive services. The registry's data indicates that of the 22,000 cases, around 17,941 are Saudi nationals, while 4,215 are non-Saudis.

  • Saudi Arabia’s startup appeal spans across diverse sectors

    The Saudi fintech sector has seen its fair share of new entrants during the first quarter of the year, with US-based MoneyHash being the most recent mover. Established in late 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, MoneyHash has set its sights on the Saudi market following a successful $4.5 million seed funding round in February.

  • Biden Lifts Ban on Offensive Weapons Sales to Saudi Arabia

    Biden had ordered the pause on the sale of precision-guided munitions and other weapons to pressure Riyadh to wind down its war against Houthi rebels in Yemen. The Saudis met their end of the bargain, according to a senior US official who asked not to be identified discussing a decision that hasn’t been publicly announced.

  • US to lift ban on offensive weapons sales to Saudi Arabia

    The Biden administration has decided to lift a ban on U.S. sales of offensive weapons to Saudi Arabia, the State Department said on Friday, reversing a three-year-old policy to pressure the kingdom to wind down the Yemen war. The State Department was lifting its suspension on certain transfers of air-to-ground munitions to Saudi Arabia, a senior department official confirmed. "We will consider new transfers on a typical case-by-case basis consistent with the Conventional Arms Transfer Policy," the official said.

  • Saudi Fisheries widens H1 2024 net loss to SAR 19.7M; Q2 at SAR 10.8M

    H1 2024 sales dropped 43%, primarily due to the decline in the wholesale and retail segments on supply challenges. The company reported a net loss at SAR 10.8 million for Q2 2024, compared to SAR 12.7 million in Q2 2023, on higher production costs and inclusion of fair value gains from the investment properties.

  • Spinneys Opens Its First Ever Grocery Store in Riyadh, Saudi Arabia

    Spinneys, the popular UAE based grocery chain has opened its first store in the Saudi capital, Riyadh at La Strada Yard in An Nuzhah district. Spinneys stores offer a great range of local and international products including from the UK and USA. Spinneys aims to open 12 stores across the Kingdom by 2028, including 3 more stores in Riyadh and Jeddah this year.

  • Saudi Arabia Date Production Covers More than Local Needs

    Riyadh emerges as the top date producer, contributing 436,112 tons annually, followed by Qassim with 390,698 tons. Madinah and the Eastern Region also make substantial contributions, producing 263,283 tons and 203,069 tons respectively.