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  • US most preferred destination for Saudi students
     

    According to an article in Arab News, the Ministry of Higher Education “recently issued a statement revealing that most of the students selected for the King Abdullah Foreign Scholarship Program preferred to go the United States of America to pursue their higher studies, while the least number of students chose Holland. The ministry’s statement provides figures […]

     
  • New President for KAUST in Saudi Arabia
     

    In a press release today, the King Abdullah University of Science and Technology (KAUST) in Thuwal, Saudi Arabia, announced a new president in Dr. Jean-Lou Chameau, who will be the second to serve in that post since the university’s inception. Dr. Chameau previously served as President of the California Institute of Technology in Pasadena.

     
  • 5 More Years for Booming King Abdullah Scholarship
     

    Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]

     
  • Drone Revelation Underscores Defense/Security Bonds
     

    The recent news reports that American remotely operated aircraft are operating against Al Qaeda targets in Yemen should come as no surprise to those who have followed the close collaboration between the United States and Saudi Arabia over the course of the historic relationship. The revelations may be uncomfortable to those who seek to keep […]

     
  • Samsung and Galaxy chocolate top brands in Kingdom in 2012
     

    Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 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 more. [The full report from Jadwa Investment can be read here.]

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     

MUST-READS

  • Yemeni leader receives Saudi defense minister in Riyadh

    Rashad Al-Alimi, Chairman of Yemen’s Presidential Leadership Council received on Wednesday Saudi Arabia’s Minister of Defense Prince Khalid bin Salman, the Saudi Press Agency said. The pair discussed the ongoing efforts to advance the roadmap and reach a comprehensive political solution in Yemen under UN supervision. “I reiterated the Kingdom’s commitment to fully supporting Yemen in realizing the aspirations of its people,” Prince Khalid said on X.

  • “If You Build It, They Will Come”: Prospects for Foreign Direct Investment in Saudi Arabia

    Attracting higher foreign direct investment is a key part of the policy roadmap to diversify the Saudi economy. Vision 2030 set a goal of an increase in FDI to $100 billion, or 5.9% of gross domestic product, by 2030. FDI inflows were $29 billion in 2016, when Vision 2030 was announced. Increased FDI will support the development of new industries and sectors, such as artificial intelligence, gaming, advanced manufacturing, mining, renewable energy, and tourism. FDI brings the technology, capital, training capabilities, and business models that are essential for the long-term success and competitiveness of Saudi Arabia’s non-oil economy.

  • Saudi Arabia warns of a hot Hajj this year with temperatures of 48°C

    Saudi Arabia has forecast an average high temperature of up to 48ºC in Makkah during the Hajj pilgrimage this month, according to meteorological services.

    “The expected climate for Hajj this year is an increase in average temperatures of one and a half to two degrees above normal in Makkah and Madinah,” National Meteorology Centre chief Ayman Ghulam said on Tuesday.

    He said afternoon temperatures could peak at 48ºC.

  • Saudi Arabia cuts July Arab Light crude oil OSP to Asia

    Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters showed on Wednesday.
    That marks a 50 cent per barrel cut from the June OSP, the first cut in five months and towards the lower end of market expectations according to a Reuters survey.
    Its OSPs for other crude grades sold to Asian customers were slashed by 40-60 cents, the document showed.

  • Is Normalization between Saudi Arabia and Israel Still Possible?

    “The issue of Israel recognizing a two-state solution is in its own interest. I firmly believe that a two-state solution, that the establishment of a credible Palestinian state, serves not just the interests of the Palestinians and delivers their right to self-determination; it is also in the interest of Israel and delivers the security that Israel needs and deserves.” Unlike Iran and its allies, who explicitly call for Israel’s destruction, the Saudi position upholds the promise of the 2002 Arab Peace Initiative that acknowledges Israel’s right to exist within secure borders but asserts that this can only be achieved through the creation of a viable Palestinian state. This is a view that the Saudis believe reflects the majority position of most Arab and Sunni Muslims.

  • IMF Expects GCC Reserves to Grow by $300-$350 Bln in Three Years on Higher Oil Prices

    The International Monetary Fund expects the foreign reserves of the six oil-rich Arab countries of the Gulf Cooperation Council (GCC) to increase by $300-$350 billion in the next three years, a senior official said on Tuesday.

    The GCC - which comprises Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman - "will benefit from the increase in oil prices", Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, told Asharq TV. Oil prices have risen about 60% from the start of the year as global demand recovers from the coronavirus pandemic.

  • Iran General killed in suspected Israel air strike in Syria

    An Iranian General has been killed in a suspected Israeli air strike near the Syrian city of Aleppo, nearly two months after the Islamic Republic warned it would retaliate against attacks on its interests, Iran’s state TV reports. According to the report, Saeed Abyar, described as a Military Adviser, was targeted in a bombing raid resulting in the death of several civilians and “material losses”.

  • Lucid Motors campaign builds emotional bonds with Saudis

    Electric vehicle brand Lucid Motors, in collaboration with MCH Global and Create Production, launched a Ramadan campaign to connect with the Middle Eastern market. The campaign was created to particularly focus on Saudi Arabia.

  • Israel Secretly Targets U.S. Lawmakers With Influence Campaign on Gaza War

    The covert campaign was commissioned by Israel’s Ministry of Diaspora Affairs, a government body that connects Jews around the world with the State of Israel, four Israeli officials said. The ministry allocated about $2 million to the operation and hired Stoic, a political marketing firm in Tel Aviv, to carry it out, according to the officials and the documents.

  • Surprising, Unsettling, Surreal: Roaming Through Saudi Arabia

    All across Saudi Arabia, I’d seen countless projects being built, from simple museums to high-end resorts. These were the early fruits of an $800 billion investment in the travel sector, itself part of a much larger effort, Vision 2030, to remake the kingdom and reduce its economic dependence on oil.

    But I’d begun to see the building projects as something else, too: the striving of a country — long shrouded to most Westerners — to be seen, reconsidered, accepted. And with its doors suddenly flung open and the pandemic behind us, visitors like me were finally beginning to witness this new Saudi Arabia