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The Saudi Stock Exchange is Opening Up to Foreign Investment
The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]
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IP in Saudi Arabia: Why does Saudi society ‘prefer to buy pirated material’?
A guest contributor to the Saudi Gazette lamented the Kingdom’s inability to stop pirating, saying “because of our negligence and violation of intellectual property rights, we have been prevented from buying electronic books from the world’s major providers of such material.” Abdullah Azzam noted that he was unable to purchase ebooks through Google Play because […]
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10 Things to Know: 2014 SACM Career Fair and Graduation Ceremony at the Gaylord Hotel in Washington
If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]
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$16.5 Billion Mecca Metro Deal to be Signed in October by Mayor
Mecca will sign a $16.5 billion contract with the winning bidder for a new metro project for the holy city, ArabianSupplyChain.com via the Arabic newspaper Al Youm said. The contract will include 88 new train stations and 22 underground depots, the report said:
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Hardin Lang Discusses the Advance of ISIS in Iraq and the Implications for the U.S.-Saudi Relationship [VIDEO]
Last week’s FocusKSA discussion brought together leading thinkers and analysts to discuss the advance of ISIS in Iraq and hash out the implications for key players, especially the United States and Saudi Arabia. In his opening remarks, Hardin Lang, Senior Fellow, Center for American Progress (CAP), discussed the findings from the just-released CAP study, co-written with Brian Katulis […]
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New retail hours for shops in Saudi Arabia
Saudi Arabia has approved new retail hours for Saudi stores, according to a Saudi Gazette report via Arabian Business:
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US-Saudi Trade, Investment and the U.S.-Saudi Commercial Relationship
On June 12th, 2014 the FocusKSA discussion series examined the current status and future trajectory of trade and investment between the U.S. and Saudi Arabia.
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An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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‘Saudi Labor in Transition’
With regard to preserving economic, political and social stability at home, none of these external issues may be as important for Saudi Arabia to ‘get right’ as the issue of jobs. FOCUS KSA presents Saudi Labor in Transition: What are the Challenges facing the Kingdom?
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Fahad Nazer: Assertions that Saudi Supports ISIL ‘Without Evidence’ and ‘Defies Common Sense’ [VIDEO]
Last week’s FocusKSA discussion on the deteriorating security situation in Iraq brought together three experts on the subject to make sense of the advance of ISIL and discuss the implications for Saudi Arabia and the United States. Fahad Nazer, analyst with JTG Inc. and frequent commentator on CNN, Al Monitor and other media outlets, focused on the lack of […]
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MUST-READS
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How Hamas Saved Egypt
Last fall, Egypt was on the brink of economic collapse. A decade of debt-fueled spending on a pharaonic-scale had emptied its Central Bank coffers. By February, Cairo’s public debt was 89% of its gross domestic product. External debt had soared to 46% of GDP. The pound, its currency, was one of the world’s worst performing. Unable to import supplies and repatriate profits, foreign companies were leaving, or threatening to leave Egypt in droves. Annual inflation was over 35%, and double that for some food staples. Egypt seemed on the verge of a sovereign default—its first ever.
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What to expect from Saudi Arabia’s first Red Sea Fashion Week
Riyadh Fashion Week launched in 2023. And most recently, Lebanese designer Rami Kadi took a leaf out of the Dolce & Gabbana book by staging his latest couture show at AlUla.
The first Red Sea Fashion Week will begin on Thursday, showing that the kingdom has big plans to put the nation firmly on the fashion map.
Running until May 18, the event is being held at the newly opened The St Regis Red Sea, located on a private island and accessible only via boats.
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Front Row Snaps Up World Rights For Saudi-Emirati Family Comedy ‘Al Eid Eiden’
MENA distributor Front Row Filmed Entertainment has acquired global distribution rights for Image Nation Abu Dhabi’s Saudi-Emirati family comedy Al Eid Eiden.
The film features Saudi star Fahad Al-Butairi (Telfaz11’ Al-Khallat+, The Office, From A to B) alongside actress Emirati Meerra Al Midfa (The Monster) and Egyptian actor Shadi Alfons (Malek Al Halba, Ramy).
It follows a Saudi-Emirati family as they make the final preparations for a Eid getaway in Abu Dhabi. An unexpected turn of events on their day of travel changes things drastically for the parents, but not wanting to disappoint their three young children, they decide to go ahead as planned.
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How are Ronaldo and other Saudi Pro League stars shaping up for Euros?
England kick off Euro 2024 against Serbia on 16 June and if Jordan Henderson is called up then the former Al-Ettifaq midfielder should be able to give Gareth Southgate an idea of the form Aleksandar Mitrovic and Sergej Milinkovic-Savic are in. They are two of a growing number of European internationals who will be acting as unofficial ambassadors for the Saudi Pro League (SPL) this summer – especially if they underperform.
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Saudi Arabia opens up to Iraq’s Shiite shrines
Indicating a changing approach to Iraq, Saudi Ambassador to Baghdad Abdulaziz Al-Shammari has paid a highly publicized visit to a major Shiite shrine in the city of Karbala. The ambassador was welcomed by Karbala Governor Nassif Al-Khattabi in addition to other civil and religious dignitaries, hailing a mutual desire for “economic and political integration in all fields.”
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Successful Completion of the First Saudi SolarThon at Alfaisal University
This past weekend, Alfaisal University, Dimensions Startup Studios in collaboration with the College of Engineering, proudly hosted the first-ever Saudi SolarThon, an extraordinary gathering of minds focused on advancing solar energy technology. This event, held at our Dimensions Startup Studios, attracted esteemed guest speakers from King Abdullah University of Science and Technology (KAUST) and the King Abdulaziz City for Science and Technology (KACST) and OptimalPV.
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Will Saudi Arabia’s sports investment trigger an athleisure boom?
By 2030, the government aims to increase the ratio of individuals exercising at least once a week to 40 percent. With an expanding base of sports practitioners, the country’s sportswear and athleisure apparel market is set to boom. In 2022, the category generated $1.3 billion (SAR 4.9 billion) in sales, and by 2027, it is expected to reach $1.5 billion. Could Saudi Arabia be the next frontier for sportswear?
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Continued Fighting in Gaza and Ongoing Peace Talks
The Israel Defense Forces (IDF) are continuing to push further into Rafah, where Israeli Prime Minister Benjamin Netanyahu has declared his intention to eliminate four Hamas battalions operating from the area. Israel reports that in parts of eastern Rafah, its troops have been dismantling tunnel shafts and rocket launchers belonging to Hamas.
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Secret Hamas Files Show How It Spied on Everyday Palestinians
The Hamas leader Yahya Sinwar has for years overseen a secret police force in Gaza that conducted surveillance on everyday Palestinians and built files on young people, journalists and those who questioned the government, according to intelligence officials and a trove of internal documents reviewed by The New York Times.
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The A.I. Kingdom Rises: Inside Saudi Arabia’s Ambitious Journey to Reshape the Global Tech Landscape
Mohammed Bin Salman Nonprofit City is a testament to Saudi Arabia's commitment to diversifying its economy and becoming a global leader in artificial intelligence and innovation. By investing in cutting-edge facilities, fostering partnerships, and empowering the youth, the city is poised to play a significant role in reshaping the global tech landscape in line with the kingdom's Vision 2030 blueprint.
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