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  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
     

    Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]

     
  • Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
     

    Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]

     
  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Commentary: Saudi Arbitration Court in the UK?
     

    In a recent Financial Times article Caroline Binham and Helen Warrell reported that, “Saudi Arabia will lobby the UK government as early as November to set up a confidential court in London that would settle multimillion pound commercial disputes arising from the Middle Eastern kingdom. The Saudis hope that a London-based arbitration centre would help counter investor […]

     
  • What’s the foreign policy agenda for the next four years?
     

    Is it too early to talk about the foreign policy and national security agenda that will face the next president? No matter who wins on November 6, the feature that is going to dominate U.S. national security planning over the next four years is constraint. Even if we avoid going off the sequestration cliff, there […]

     
  • US Election Note: Middle East Policy after 2012
     

    The Middle East will be a significant challenge to US foreign policy-makers during the next administration – whether with regard to further transitions of the Arab Spring, Iran’s appetite for nuclear weapons, Israel’s posture towards Palestine and other Arab powers in its neighbourhood, or the rise of political Islam. Despite the US tilt to Asia, […]

     

MUST-READS

  • Opinion: A New Era of Saudi Diplomacy Has Arrived

    Engagement allows Saudi Arabia to devote its energies to the economic transformation agenda of Vision 2030 while also enhancing its global influence. However, the renewal of conflicts, both within and outside the Middle East, has revealed Saudi diplomacy’s limitations and highlighted the kingdom’s persistently high level of geopolitical risk.

  • Canoo Teams Up with Red Sea Global for EV Pilot Program in Saudi Arabia

    The U.S. electric vehicle startup Canoo signed on Monday a partnership with Red Sea Global (RSG) to pilot its electric vehicles at the renowned regenerative tourism destinations, The Red Sea and AMAALA. AMAALA is an ultra-luxury tourism destination being developed along the Red Sea coast in northwestern Saudi Arabia with more than 4,000 sq. km — yes, km. The first phase of the luxurious complex is expected to be finished by 2025.

  • Saudi insurers lead GCC region in net profit and revenues, study shows

    The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions. According to the report released by research firm Insurance Monitor, in association with Lux Actuaries and Consultants, four firms from the Kingdom grabbed their spots on the list of the 10 largest coverage companies in the Gulf Cooperation Council region in terms of revenue. The rankings come as 2023 saw the start of operations of the Insurance Authority in Saudi Arabia, described in the study as “a significant structural reform well-timed with the robust growth in insurance revenue to pave the way for regulatory independence and sectoral advancement.”

  • Electronic payments rise by 70 pc in Saudi Arabia

    As reported by the Saudi Press Agency, 10.8 billion transactions were processed in 2023 compared to 8.7 billion transactions in 2022. The e-commerce sector is expected to exceed $13.2 billion by 2025, after a 60 per cent surge in online shopping in 2019-20. Reports suggest close to 91 per cent of Saudi consumers now shop through e-commerce, and close to 14 per cent of money is spent online at least once a day. In 2023, Amazon Saudi also doubled its storage capacity in the year 2023. It had launched a 2.7 million cubic foot fulfilment centre in Riyadh that can house more than 9 million products.

  • Riyadh Air’s first intake of female Saudi engineers commence diploma course

    The female engineers will study under the supervision and guidance of Aviation Australia and the International Aviation Technical College at Riyadh Airport, this follows an MOU signed between Riyadh Air and the Colleges of Excellence in August 2023 and is the first collaboration of many between the organisations.

  • WWE King & Queen of The Ring Set to Return in Saudi Arabia

    WWE’s decade-long deal with Saudi Arabia is still going strong as there are still quite a few events left as part of their ongoing deal. Their next event will be taking place in May and now it appears it will feature the King & Queen of The Ring this time around.

  • Staff at France’s EDF question involvement in futuristic Saudi city

    Some employees of French energy giant EDF want the company to reconsider its involvement in a hydro-electric plant in the Saudi desert that would power Crown Prince Mohammed bin Salman's futuristic megacity Neom, following concerns over the project's sustainability and alleged human rights abuses. Neom is being built in the Tabuk region in northeast Saudi Arabia on some 26,000km2 of land, an area the size of Belgium.

  • Eid Al Fitr 2024: Shawwal moon not sighted in Saudi Arabia

    The moon sighting committee in Saudi Arabia declared that the Shawwal crescent could not be sighted in the Kingdom today. As a result, the holy month of Ramadan will continue until April 9, lasting 30 days. Eid Al Fitr will, therefore, be observed on April 10. The Supreme Court of Saudi Arabia had called on all Muslims across the Kingdom to sight the Shawwal crescent on the evening of Monday, Ramadan 29. The sighting of the Shawwal moon marks the end of the holy month of Ramadan and the beginning of Eid Al Fitr.

  • Etihad Expands To 76 Destinations With Airbus A320s To Saudi Arabia’s Al Qassim

    In most parts of the world, Etihad Airways is known for its ultra-luxurious long-haul flights across continents, but it also has a thriving short-haul network served mainly by Airbus A320 Family aircraft. Last Friday, the full-service carrier announced adding a new route from Abu Dhabi to Al Qassim in Saudi Arabia, which will commence in June.

  • ‘Reef Saudi’ Invests USD16.2 Million to Elevate Saudi Arabia’s Coffee Production

    The ‘Reef Saudi’ initiative, focused on Sustainable Agricultural Rural Development, is revolutionizing the Kingdom’s coffee industry. Since 2020, an initial investment of SR61 million has empowered 3,718 individuals engaged in coffee cultivation and production. This commitment signals a transformative surge in Saudi Arabia’s coffee output, soaring from 800 tons in 2020 to 1,485 tons in 2023, marking a remarkable 37% increase.