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  • Jadwa Investments May 2012 Inflation Report for Saudi Arabia
     

    Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011. Jadwa noted that the decline “was due to a fall in inflation for ‘other expenses and services,’ which stems from lower gold prices.”

     
  • Saudi Arabia remains largest takaful market
     

    The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]

     
  • Jadwa Chartbook June 2012: Sectoral Performance
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]

     
  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • The Middle East fights the Flame, but virus spreads anyway
     

    Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]

     
  • Saudi Construction Sector: A Sleeping Giant Awakes
     

    Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector.  Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP.  It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]

     
  • Changing patterns in U.S. crude imports
     

    U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]

     
  • At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
     

    Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in

     
  • Saudi Satire Ignites YouTube’s Massive Growth in Middle East
     

    Fahad Albutairi never expected a career in broadcast or comedy, and he certainly didn’t expect to emerge as a YouTube star known to millions. Albutairi is the co-founder and star of the La Yekthar Show, a small cadre of YouTube shows shot in Saudi Arabia that have become wildly popular in the last year. His […]

     
  • Saudi female entrepreneurs exploit changing attitudes
     

    In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]

     

MUST-READS

  • Saudi Arabia eyes BPCL refinery investment in India

    Saudi Arabia is considering investment opportunities in Indian Government-backed Bharat Petroleum Corporation Limited’s (BPCL) new refinery project, reported Moneycontrol, citing sources. Following the unsuccessful attempt to establish a 60 million tonnes per annum (mtpa) refinery in Ratnagiri, Maharashtra, India's Oil Minister, Hardeep Singh Puri, suggested in May 2023 that the country should consider constructing smaller refineries to circumvent land acquisition challenges.

  • Saudi Arabia’s adoption of fintech makes it an ideal DeFi hub, experts say

    “The financial sector here is heavily reliant on traditional intermediaries, with limited access to financial services for many citizens. DeFi can change this by providing decentralized financial services accessible to everyone, regardless of their location or financial status,” he told Arab News. DeFi can facilitate affordable and accessible services such as lending, borrowing, and investing, and enhance cross-border transactions with instant speed and almost zero fees, he added.

  • Saudi fast food chain AlBaik set to make its debut in Pakistan

    The announcement comes as a Memorandum of Understanding (MoU) was signed between officials of the Al Baik Food System Company and Gas & Oil Pakistan Limited (GO). The signing ceremony was attended by high-ranking Saudi and Pakistani delegations under the patronage of Saudi Minister of Investment, Engineer Khalid Al-Falih, state-run APP reported on Friday, October 11.

  • Saudi to begin construction of Landbridge in early 2025: Report

    Saudi Arabia will start construction of the Landbridge project that costs $7 billion (SAR 26.3 billion) in early 2025, MEED reported citing a source close to the project. Saleh Al-Jasser, Minister of Transport, said in January 2023 that the project will be implemented by a Chinese-led consortium of 11 international firms, Argaam earlier reported.

  • How Saudi Arabia is partnering with Denmark in sustainable wastewater management

    Denmark’s approach to water sustainability relies on innovative technologies that reduce water wastage while conserving energy and resources. Danish engineering firms like Grundfos are making an impact in Saudi Arabia by introducing solar-powered pumping systems to supply water to remote and off-grid areas where access to electricity may be limited. According to Morten Riis, the company’s group senior director, their water solutions target not only groundwater and rivers but also focus on reducing water loss and optimizing energy consumption in the process.

  • Pentagon: US approves multi-billion-dollar weapons sales to Saudi Arabia, UAE

    The US has approved new weapons sales to the UAE and Saudi Arabia worth a combined $2.25 billion, the Pentagon announced on Friday. In separate statements, the Pentagon said that the State Department had approved the possible sale of 220 AIM-9X Block II Sidewinder Tactical Missiles and other related equipment worth an estimated $251.8 million.

  • Riyadh leads Saudi Arabia’s hot property market

    Strong population and employment growth in Riyadh is driving a surge in real estate transactions as new properties cannot come on the market fast enough. A dramatic rise in the number of deals in the 12 months to the end of June was also visible in Jeddah and Dammam, according to a report this week by real estate consultancy CBRE. Authorities are trying to raise the national home ownership rate to 70 percent under Vision 2030. An estimate shared with AGBI by the Sico Bank research team last month found that Saudi Arabia has already hit a “fairly strong” 62 to 65 percent of citizens owning their home.

  • Saudi Arabia to set up $186m concrete factory to supply 170km-long city

    Plans have been announced to build a $186m concrete plant as part of the huge Neom development programme in Saudi Arabia’s northwestern Tabuk Province. Saudi building materials company Asas Al-Mohileb is to develop and operate the facility, which will be able to produce over 20,000 cubic metres of ready-mix a day. The multi-plant facility will incorporate carbon capture and utilisation technology.

  • U.S. approves weapons sales to Saudi Arabia, UAE valued up to $2.2B

    The U.S. State Department approved the sale of billions of dollars in weapons to Saudi Arabia and the United Arab Emirates, two important allies against Iran as tensions rise in the Middle East. The Biden administration told Congress that it approved the sale of dozens of Hellfire and Sidewinder missiles to Saudi Arabia. The more than $1 billion sale also includes artillery, tank and machine gun ammunition.

  • Walking a Tightrope: How Gulf States are Navigating the Iran-Israel Conflict

    While Washington and Tel Aviv often present their partnerships with the Gulf as a success, the reality is more complex. Since 2021—and particularly after the March 2023 reconciliation agreement between Iran and Saudi Arabia—the GCC states have increasingly prioritized diplomacy over confrontation, engagement over isolation, and regional dialogue over military escalation. This is a major shift from the time of the Donald Trump administration, when Saudi Arabia, Bahrain, and the United Arab Emirates openly supported the U.S. “maximum pressure” campaign against Iran, hoping to contain Tehran’s influence through U.S. and Israeli security guarantees.