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  • Saudi Arabia breaks onto contemporary art scene
     

    Saudi Arabia is making its mark on the global contemporary art scene: works by Middle Eastern artists such as Talal Al Zeid and Mohammed Farea are available at Lam Art Gallery in Riyadh, the Empty Quarter photography gallery in Dubai was founded by the Saudi photographer Princess Reem Al-Faisal, while Message/Messenger, a 2010 installation incorporating […]

     
  • 42 Amazing Photos of Ramadan 2012
     

    Ramadan, the Islamic month of fasting, will come to a close this weekend with the observation of a festival called Eid al-Fitr. Throughout this ninth month on the Islamic calendar, devout Muslims must abstain from food, drink, and sex from dawn until sunset. The fast, one of the five pillars of Islam, is seen as […]

     
  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     

MUST-READS

  • Swiss national wins $1 million in Riyadh Season Treasure Hunt

    Swiss contestant Stephanie Weil claimed a $1 million prize, equivalent to SR3.75 million, in the final competition of the Riyadh Season Treasure Hunt, held at Boulevard City. The contest saw thousands of participants from around the globe competing since its inception, with ten finalists selected to partake in the ultimate showdown.

  • Saudi crackdown nets 18,901 illegals in a week during raids on residency and labour law violators

    Saudi Arabia arrested 18,901 individuals during raids across the kingdom in the first week of February. The Ministry of Interior said the arrests included 11,419 violators of the Residency Law, 4,533 violators of the Border Security Law and 2,949 violators of the Labour Law, as part of the joint field security campaigns executed by security forces and relevant government agencies from February 1 to 7.

  • Unleashing Young Saudi Potential: A Dive into Mohammed Bin Salman Nonprofit City

    Imagine 8 million annual visitors, 25,000 employees, and nearly 18,000 residents shaping the city's dynamic spirit. Picture 6,000 apartments and 500 villas housing families and individuals drawn to this unique opportunity. With a 20-minute drive to downtown Riyadh, the city seamlessly integrates into the wider fabric of Saudi Arabia, fostering collaboration and exchange.

  • Yemen to receive second $250 million tranche of Saudi grant soon, central-bank governor says

    Yemen will receive a second $250 million instalment from a Saudi one-year $1 billion grant on Sunday or Monday to support salary payments, its central bank governor told Reuters. Ahmed bin Ahmed Ghaleb Al-Maabqi said the remaining $500 million of the grant, from which the first $250 million was paid out last August, has yet to be transferred to the bank, based in the southern port of Aden. The bank supports the Saudi-backed government as it struggles with a weak currency and high fuel and commodity prices.

  • Saudi art not seen for decades goes on display at AlUla’s Maraya

    The modern era of Saudi art is somewhat ill-defined. A scarcity of studies and academic inquiries leaves a lot of blanks in the arc between Saudi modern and contemporary art. However, a new exhibition at AlUla’s Maraya seeks the help of private collectors to draw a thread from the 1950s onwards. More than Meets the Eye is running until April 27 alongside the AlUla Arts Festival. It comprises artworks that come exclusively from private collectors in Saudi Arabia, meaning that several pieces have never been displayed in public before.

  • Saudi Arabia announces qualified bidders for 3.7GW solar projects

    The four solar projects to be developed under this round are the 2GW Al Sadawi solar plant, to be situated in Saudi Arabia’s Eastern province, the 1GW Al Masa’a project to be located in Hail province, and the 400MW Al Henakiyah 2 and 300MW Rabigh 2 projects which will be located in Madinah and Makkah provinces respectively. The NREP’s objective is to increase the proportion of renewable energy in the country’s energy mix, with a target of 50% of its electricity from renewable sources by 2030.

  • Saudi Arabia Macroeconomic Boom: 8.7% GDP Growth, Vision 2030 & $7.6% Fiscal Surplus Fuel Transformation Journey

    Saudi Arabia's macroeconomic landscape is experiencing a dynamic shift, fueled by surging oil prices, ambitious diversification efforts, and transformative Vision 2030 initiatives. Ken Research's "Saudi Arabia Macroeconomic Assessment" report paints a vibrant picture, highlighting key trends, opportunities, and challenges for businesses and investors. This press release delves into the report's insights, offering a snapshot of the Kingdom's evolving economic landscape. 

  • Saudi energy minister reveals why Aramco cut oil target by 1m bpd

    Saudi Arabia’s minister of energy, Prince Abdulaziz bin Salman Al Saud, revealed Monday why state-oil company Aramco cut its oil output by 1 million barrels per day (bpd) at the end of last month. On Jan. 30, Aramco, the world's biggest corporate crude producer, announced that the Energy Ministry had ordered it to halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.

  • With over half the seats counted, Imran Khan’s supporters lead in Pakistan polls

    Independents backed by jailed former Prime Minister Imran Khan won the most seats in Pakistan's election on Friday after results from over half the constituencies were announced, leaving political parties trailing. Almost 24 hours have passed since the close of polls and the results have been unusually delayed, which the government ascribed to the suspension of mobile phone services - a security measure ahead of Thursday's election.

  • Netanyahu’s delusional, deadly quest for ‘total victory’

    The United States’ top diplomat returned home from his fifth wartime trip to the Middle East with a virtual slap in the face from Israel’s leader. After conducting a diplomatic blitz through Arab capitals, Secretary of State Antony Blinken took a new set of proposals outlining a possible truce between Israel and Hamas and the release of Israeli hostages in Gaza to Tel Aviv.