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  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     
  • The Secret History of America’s Thirty-Year Conflict with Iran
     

    A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     
  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]

     
  • Obama authorizes secret U.S. support for Syrian rebels
     

    President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]

     
  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]

     
  • Wealth Management in the Middle East: Boon or Bust?
     

    Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]

     

MUST-READS

  • Saudi Arabia’s tourist expenditure hits $40bn in H1, says minister

    Tourist spending in Saudi Arabia reached approximately SR150 billion ($40 billion) in the first half of 2024, reflecting a 10 percent increase in both traveler numbers and expenditure compared to the same period the previous year, as revealed by a top minister.  At a conference convened to review the 2024 summer tourism program, the Kingdom’s Minister of Tourism Ahmed Al-Khateeb reiterated that his country will launch a tourist visa next month to attract more international visitors and bolster the sector’s growth.

  • Lilium strikes sales deal with Saudi Arabia for up to 100 eVTOL aircraft

    Lilium, an electric aviation company based in Germany, says it has secured a binding sales agreement for up to 100 electric vertical takeoff and landing (eVTOL) aircraft with Saudia Group, which operates the largest airline carrier in Saudi Arabia and is wholly owned by the Kingdom of Saudi Arabia. The agreement is a “firm order” for 50 Lilium jets, with an option to purchase up to 50 more, the company said. The deal follows a 2022 memorandum of understanding between Lilium and Saudia to explore ways in which battery-powered multi-rotor aircraft can address the region’s transportation challenges.

  • Saudi Consortium Secures $3.9 Billion Financing for Taiba-2 and Qassim-2 Power Projects, Advancing Saudi Arabia’s Energy Goals

    Aljomaih Energy & Water Company (AEC), in collaboration with Ajlan & Bros Group, Buhur for Investment Company, and the EDF Group, announced the successful financial close of the Taiba-2 and Qassim-2 Independent Power Plant (IPP) projects in Saudi Arabia, totaling 3.96 gigawatts (GW).

  • Saudi Arabia rejects, condemns Israeli security minister’s visit to Al-Aqsa Mosque compound

    Saudi Arabia condemned and rejected in the strongest terms on Thursday a visit made by Israel’s far-right national security minister to Jerusalem’s most sensitive holy site. Itamar Ben-Gvir, an ultranationalist settler leader, said he had gone up to the Jerusalem hilltop compound of Al-Aqsa Mosque to pray for the return of Israeli hostages on Thursday. The Kingdom’s Foreign Ministry also condemned an Israeli parliament vote to oppose a Palestinian state.

  • Trump Organisation and Saudi developer sign deal for Dubai luxury tower

    The Trump Organization on Thursday announced a deal with a Saudi developer to build a luxury high-rise tower in Dubai, as the former president’s real estate company continues its expansion in the Gulf region. The Trump Organization and Dar Global, a subsidiary of Saudi Arabia's Dar Al Arkan Real Estate Development, said the project will launch next year, without providing a cost estimate.

  • Saudi Arabia sets new tourism record

    A record 60 million tourists to Saudi Arabia during the first half of 2024 spent a total of SR143 billion ($38.1 billion), Minister of Tourism Ahmed Al-Khateeb has announced. Speaking at a press conference on Wednesday, the minister highlighted the significant advances made by both the Kingdom and its tourism industry which have resulted in such a notable achievement. “Our country is blessed with a multiplicity of tourist destinations and climate diversity, (as well as) the moderate weather that the Aseer region enjoys during the summer season and low temperatures compared to most cities in the world,” he said.

  • Saudi Arabia signs deal with Chinese construction giant to build 20,000 new homes, eyes $67bn housing boost

    Saudi Arabia has signed a deal with a Chinese construction to build 20,000 new homes as it looks to deliver $67bn of new real estate projects. The National Housing Company (NHC) has signed an agreement with China State Construction Engineering Corporation (CSCEC) in the presence of the Minister of Municipal and Rural Affairs and Housing, Majid bin Abdullah Al Hogail. The agreement aims to build 20,000 housing units in the suburbs and communities developed by NHC across various regions of the Kingdom of Saudi Arabia.

  • A father’s love, a daughter’s freedom

    The survey, conducted for researchers at the University of Massachusetts Amherst, could upend the approach of the international community to restore full education for Afghan girls. Trying to persuade or threaten the Taliban to change has only hardened their position in the three years since they retook power after the American withdrawal. Instead, researchers suggest that fathers with eldest daughters be “primed” by outside groups to use their authority in a male-dominated society to overturn the education ban.

  • Saudi Fisheries’ financial woes persist in Q1 2024

    Saudi Fisheries Company's (SFC) financial issues continue to intensify, as the aquaculture firm’s accumulated losses by the end of the first quarter of 2024 spiked to SAR 265 million (USD 70.6 million, EUR 65.5 million) – equivalent to 66 percent of ‎the company’s capital – according to the company’s recently published interim results.

  • Saudi: Israel’s rejection of Palestinian statehood reflects its aggressive approach

    The Ministry of Foreign Affairs in Saudi Arabia strongly condemned the Israeli Knesset’s vote to reject the establishment of a Palestinian state and far-right Minister Itamar Ben-Gvir storming Al-Aqsa Mosque. “These continued hostile practices towards Islamic sanctities and international resolutions and laws reflect the aggressive approach of the Israeli occupation authorities,” the ministry said in a statement.