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  • The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
     

    If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]

     
  • Hoteliers Expand in Saudi Arabia as Mecca Goes Upscale
     

    “I wish I could have more hotels in Mecca,” said Jan Smits, InterContinental’s chief executive officer for Asia, Middle East and Africa. “In four months, you make 70 percent of your income. It’s a really strong market and it’s one of the most unique in the world.” The company has been in the country since […]

     
  • Saudis allow women to compete
     

    Saudi Arabia is to allow its women athletes to compete in the Olympics for the first time. Officials say the country’s Olympic Committee will “oversee participation of women athletes who can qualify”. The decision will end recent speculation as to whether the entire Saudi team could have been disqualified on grounds of gender discrimination.

     
  • Education, Women’s Empowerment and Change
     

    There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30. Some of that increase has been through splitting up existing, very large universities, like King Abdul Aziz University, into more manageable sizes. […]

     
  • Saudi car sector to accelerate
     

    Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term, the National Commercial Bank said in its report on the Kingdom’s automotive sector released Wednesday. It noted that rising income […]

     
  • The Importance of Economic Diversification for Saudi Arabia
     

    In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]

     
  • Saudi Arabia names Defense Minister Prince Salman new heir to throne
     

    Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies.

     
  • Saudi Arabia mourns death of Crown Prince Naif
     

    The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city. Muslim leaders from across the world started arriving in Jeddah on their way to Makkah to […]

     
  • Five Facts About Saudi Arabian Horses
     

    The 2012 London Olympics have had many controversial headlines in the news about horse sports and Saudi Arabia. With that in mind, many people know about the Arabian horse’s influence in modern Thoroughbreds and equestrian athletics, what about a country these horses originate from? Interestingly, the country of Saudi Arabia is full of horse-related facts […]

     
  • 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.”

     

MUST-READS

  • Employees in Saudi Arabia to enjoy a long weekend marking Kingdom’s Founding Day

    Employees in Saudi Arabia will get to enjoy an extended weekend next week as the Kingdom marks its third Founding Day holiday on Thursday, February 22. Saudi citizens and residents will therefore enjoy a three-day weekend, as the Kingdom’s weekend spans from Friday to Saturday.

  • Saudi Arabia Snooker Masters: New tournament to offer £2m prize fund and become ‘fourth major’

    A newly-created Saudi Arabia Snooker Masters will offer a £2m prize fund and become the sport's 'fourth major', the World Snooker Tour has announced. The world's best players will travel to Riyadh at the end of August for the inaugural tournament. The prize pot makes it the second-richest event on the schedule, behind only the World Championship. It will be a ranking event open to all tour players, plus six local wildcards.

  • Saudi Arabia salary guide 2024: How much should you be earning?

    Salaries in Saudi Arabia are expected to rise by an average of 6 per cent in 2024, as demand for talent continues to surge amid the kingdom's efforts to diversify its economy away from hydrocarbons under its Vision 2030 plan, according to recruitment specialist Cooper Fitch. Development remains a major focus in the Arab world’s largest economy, with progress being made across the country’s megaprojects, including the $500 billion city Neom, Red Sea Project and AlUla, Cooper Fitch says in its 2024 Saudi Arabia salary guide. Over the past year, the kingdom has created 1.12 million jobs in the private sector as part of its plan to develop more than $1 trillion worth of projects, the Ministry of Finance said in its 2024 budget statement.

  • Faisal Shaker and MFC named best F&B Entrepreneur and Company in Saudi Arabia

    Clinching F&B Entrepreneur and F&B Company of the Year awards at Caterer Saudi Awards 2024 was entrepreneur, restaurateur, co-founder and CEO of MFC, Faisal Shaker. He and his firm took home two of the biggest awards from night, as well as Breakthrough Restaurant of the Year for Robata and Saudi F&B Brand for the Year for Myazu.

  • Saudi Arabia approves Law for Protection of Whistle-blowers and Witnesses

    A few years ago, the Shoura Council approved the draft law to ensure protection of whistle-blowers, witnesses, experts and victims, who are at risk for providing information on crimes, paving the way for the final approval by the Cabinet. The milestone law is aimed at providing security to individuals who may come under threat for giving evidence in court cases.

  • Houthi bypass: Quietly, goods forge overland path to Israel via Saudi Arabia, Jordan

    Israel-based freight forwarder Mentfield Logistics is among the companies involved in establishing a commercial trade route circumventing the Red Sea by sending goods from the ports of Dubai and Bahrain overland on trucks passing through the United Arab Emirates, Saudi Arabia and Jordan, and ending at Israeli ports. A second Israel-based firm, Trucknet, has also set up such a route.

  • IMF Chief: Change in Saudi Arabia is amazing and its economy is more dynamic

    International Monetary Fund Managing Director Kristalina Georgieva said that the change in Saudi Arabia in terms of economic diversification is amazing. “The change in Saudi Arabia is amazing,” she said in an interview with Al-Arabiya Business on the sidelines of the Arab Fiscal Forum held in Dubai. “The Kingdom’s economy has shifted from relying heavily on the oil and gas sectors to being more dynamic in the non-oil sectors. I praise the way the Kingdom is following to achieve its Vision 2030, regarding economic diversification.”

  • Saudi Arabia: An Investment Destination with Growth Potential

    Foreign direct investment in Saudi Arabia reached 8.1 billion Saudi Riyals in the first quarter of 2023, marking a significant increase from the previous year. These investments are expected to contribute to the localization of 57% of the local market, create 2.1 million jobs, and boost non-oil exports to SAR 580 billion by 2030.

  • Saudi Arabia To Launch Dream Of The Desert, The Middle East’s First Luxury Train

    The 800-mile trip will begin in Riyadh, Saudi Arabia’s capital city, and travel northwest toward the border with Jordan. The route will pass through long stretches of scenic deserts and UNESCO World Heritage archeological sites. Highlights include the city of Ha’il, the Al-Qassim province, and the King Salman bin Abdulaziz Royal Natural Reserve in Al Jouf. The journey will conclude at Al-Qurayat, near the Jordanian border. Passengers will be able to book one or two-night trips.

  • Saudi Arabia Stresses Need to Stop Israeli War on Gaza

    The Saudi government stressed on Tuesday the need to end the Israeli war on Gaza and for a ceasefire to be established. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government underlined the outcomes of the consultative meeting that it had called for to discuss the Israeli war on Gaza. The meeting called for lifting the restrictions imposed on the entry of humanitarian aid to Gaza.