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  • 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-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     
  • Growing Domestic Demand threatens Energy Export Position
     

    “As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • Interview with Thuraya Al-Arrayed, Women Join Shura Council
     

    This month King Abdullah of Saudi Arabia kept his promise and appointed women to the Shura Council for the first time. The council is a non-voting, advisory body. But the inclusion of women is significant. Anchor Marco Werman speaks with Thuraya al-Arrayed, one of the Shura’s new female members.

     
  • Oil Exports, Politics and Propaganda
     

    Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     
  • Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
     

    The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.

     
  • Breakthrough in Saudi Arabia: 30 women named to parliament
     

    King Abdullah Bin Abdul Aziz of Saudi Arabia issued Friday a historic decree allowing women to be members of the kingdom’s previously all-male Shura Council for the first time. The decree amended two article in the council’s statute introducing a 20 percent quota for women in the country’s 150-member Shura Council, and the king appointed […]

     

MUST-READS

  • China’s Baosteel ups investment in Saudi steel plate venture to $1B

    Baosteel, a subsidiary of the world’s largest steelmaker, China Baowu Steel Group, said in Shanghai Stock Exchange statement that it will have a 50% stake in the Saudi venture, based in the kingdom’s special economic zone Ras Al-Khair Industrial City on the northeast coast of the country. The venture will process commodities and supply construction, gas, oil and shipping industries across the Middle East and North Africa, Baosteel said in the statement.

  • Saudi Investors Acquire Crowd Analyzer to Boost Innovation and Expand Data Analysis Markets

    Abdullah Al-Tuwaijri, the official spokesperson for the investment group, commented, “Crowd Analyzer’s growth and innovation potential make it an attractive investment. The company’s innovative AI technology and focus on the Arabic language align perfectly with our vision of empowering high-growth tech companies in the region. We believe the acquisition will accelerate the company’s expansion and development of a broader range of data solutions, ultimately benefiting businesses throughout the Kingdom.”

  • First AI Center in Saudi Banking sector Introduced by Riyadh Bank

    Riyad Bank has marked a significant milestone in Saudi Arabia’s digital banking landscape with the inauguration of the Center of Intelligence, the kingdom’s pioneering artificial intelligence (AI) hub within the banking sector. This innovative initiative, unveiled on July 23, underscores the bank’s commitment to advancing operational efficiency and enhancing customer experiences through cutting-edge AI technologies. 

  • Saudi Arabia turns to Kuwait for fuel oil in rare move to meet summer demand

     Saudi Arabia imported fuel oil from Kuwait for the first time in more than two years in July to help meet peak summer power demand while discounted supplies from Russia fell, according to trade sources and shipping data. Imports of Kuwaiti high sulphur fuel oil (HSFO) exceeded 180,000 metric tons (about 37,000 barrels per day), data from shipping analytics firms Kpler and Vortexa showed, the kingdom's first fuel purchase from Kuwait since May 2022.

  • Saudi Tadawul Group Holding Company Just Beat Revenue By 6.6%

    The second-quarter results for Saudi Tadawul Group Holding Company (TADAWUL:1111) were released last week, making it a good time to revisit its performance. It was a workmanlike result, with revenues of ر.س353m coming in 6.6% ahead of expectations, and statutory earnings per share of ر.س3.25, in line with analyst appraisals. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

  • Al-Khateeb highlights Taif as a top tourism destination

    Minister of Tourism Ahmed Al-Khateeb highlighted Taif is one of the top tourist destinations in the Kingdom while emphasizing the ministry's commitment to strengthening partnerships with the private sector, the main driver of the tourism industry. As part of his tour across various regions of the Kingdom, coinciding with the Saudi Summer Program, Al-Khateeb visited Taif Province, accompanied by several ministry leaders on Wednesday.

  • 100 days to go until Saudi Arabia hosts historic WTA Finals in Riyadh

    The event is the season-ending crown jewel event on the Hologic WTA Tour featuring the Top 8 singles players and doubles teams, contesting a record prize pool.  The event will take place between November 2-9 at King Saud University in the capital. The event is part of the Saudi Tennis Federation’s ambition to inspire 1 million into tennis by 2030.

  • Saudi Factories Surpass 2023 Targets, Boosting Product Competitiveness

    Saudi factories are increasingly adopting automation to improve product quality and competitiveness while cutting costs. A total of 479 factories have completed the Smart Industry Readiness Index “SIRI” assessment, exceeding the Kingdom’s 2023 targets. The Ministry of Industry and Mineral Resources started evaluating the second group of factories under the Future Factories Program in July 2023. This phase covers 260 factories, each with licensed capital over SAR 200 million ($53.3 million).

  • Saudi athletes gear up for Paris 2024 Summer Olympics with rigorous training

    Saudi teams continue preparations for the 33rd Summer Olympic Games, which will officially open in Paris on Friday. Saudi Arabia will participate with 10 athletes in four events: show jumping, taekwondo, athletics, and swimming. The Saudi show jumping team in both individual and team events will be represented by riders Ramzi Al-Duhami, Abdullah Al-Sharbatly, Khaled Al-Mobty, and Abdulrahman Al-Rajhi. The taekwondo team will feature Dunia Abu Talib in the 49 kg category.

  • Saudi’s flynas strikes deal for 75 Airbus A320neos, 15 A330s

     Low-cost Saudi airline flynas has signed a memorandum of understanding with Airbus (AIR.PA), opens new tab for 75 of its narrow-body A320neo family aircraft and 15 of its wide-body A330-900 jets, the companies said at the Farnborough Airshow on Thursday.  The A320neo deal is worth about $4 billion and the A330 deal about $1.7 billion, according to estimated delivery prices from Cirium Ascend. Reuters reported that flynas was negotiating an A330 deal ahead of the air show.