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  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     
  • Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
     

    Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]

     
  • Sarah Attar Is a Saudi Trailblazer, By Way of the U.S.
     

    One of the first women to compete for Saudi Arabia at the Olympics was born and raised in California. The athletes are Wodjan Ali Seraj Abdulrahim Shahrkhani, who competes in judo, and Sarah Attar, a 19-year-old junior at Pepperdine University and a graduate of Escondido High School in California. Attar, who trains in San Diego, […]

     
  • Living Social
     

    In their pursuit to be where the young consum­ers are, brands have long identified social media as a crucial place to establish a presence. Where else will you find huge numbers of youngsters highly active and engaged? Results from market research company TNS indicate that 68 percent of MENA youth spend 12 hours per  week […]

     
  • Saudi Arabia to Send Olympic Women Athletes for First Time
     

    Saudi Arabia will send female athletes to the Olympic Games for the first time, the International Olympic Committee said, ending a ban by the kingdom where women aren’t allowed to drive. Wodjan Ali Seraj Abdulrahim Shahrkhani will compete in judo at the London Games and Sarah Attar will run the 800 meters. The athletes, who […]

     
  • Saudi Arabia Weighs Annual Budget to Boost Clean Energy
     

    An annual budget for renewables would differ from the feed- in tariffs that Germany, Spain, Italy, France and Britain offered to spur solar and wind power in their nations. Germany was first to introduce the feed-in tariff in 2004 and became the world’s biggest market for solar because of the subsidy, which is paid for […]

     
  • Saudi Arabia wins oil battle against Iran
     

    It seems that the first round in the series of the ferocious battles between Iran and Saudi Arabia, the two giant oil-exporting countries, was settled in favor of the latter. The Kingdom continued to produce oil regardless of the Iranian threats warning the Kingdom against filling the shortage in oil supplies that might result from […]

     
  • Showing Pragmatism, Egypt’s Morsi Looks to Saudi
     

    The first official foreign visit of any newly elected president represents a significant symbolic statement. Knowing this, new leaders choose their first visit very carefully, often selecting a country that is either a major strategic ally or an important trade partner. Nonetheless, the Egyptian government’s announcement that President Mohammed Morsi’s first foreign visit will take […]

     

MUST-READS

  • US confronts ‘Axis’: Who are Iran’s allies? Can they be deterred?

    Since the Hamas-Israel war erupted Oct. 7, Iran-backed militias in Iraq and Syria have mounted more than 165 attacks against U.S. military bases in the region. After a cross-border drone strike killed three American soldiers in Jordan last week, the United States vowed to “hold accountable” those responsible. American warplanes launched 85 strikes Friday against militias allied to Iran, and the U.S. promised more retaliation to come as it targets weapons depots, rocket stockpiles, and command-and-control infrastructure of Iran’s self-declared “Axis of Resistance.”

  • Aerial photos show development of 170km long Saudi Arabia city The Line

    Aerial photos showing the early stages of the 170km long city The Line in Saudi Arabia have been shared by Neom’s chief operating officer. A 170km long and 200m wide linear development in the desert, The Line is a “cognitive city” being built in Saudi’s Tabuk Province. Bordered by two 500m-high walls, mirrored on the exterior, it is planned to be home to 9M residents in its 34km2 area and will be filled with interconnected mixed-use community spaces in its 135 modules. It will run as completely carbon net zero and have no roads or cars, but public electrified transport running along the outskirts.

  • Saudi Defense Ministry Signs 19 Deals with Local, Global Companies at World Defense Show 2024

    The Saudi Ministry of Defense announced Tuesday that it had signed 17 contracts and two memoranda of understanding (MoUs) with local and international companies. The announcement was made on the sidelines of the World Defense Show 2024 in Riyadh. The contracts the ministry signed aim to raise the Armed Forces’ military readiness, enhance their capabilities, and improve their combat efficiency, in addition to contributing to supporting and localizing local manufacturing in line with the targets of the Saudi Vision 2030 of localizing more than half of spending on military equipment and services.

  • Saudi industry to produce ALAKRAN mobile mortar systems

    NTGS and the Kingdom of Saudi Arabia (KSA) defense conglomerate ERAF announced a partnership agreement aimed at localizing the production and integration of the ALAKRAN mobile mortar system on a suitable vehicle platform within the KSA. The agreement, signed by Juan Carlos Estrella, CEO of NTGS, and Fahad Al-Ameel, Vice-President of ERAF, signifies a strategic move in line with Saudi Vision 2030, aiming to enhance the economy by utilizing locally sourced parts and manpower. Under the agreement, ERAF will spearhead the local manufacturing process and exclusively market the ALAKRAN within the KSA, with the primary objective of supplying the KSA Armed Forces.

  • Desert X AlUla 2024: Exploring Unseen Art in Saudi Arabia’s Desert Region from February 9 to March 23

    Desert X AlUla will open its latest exhibition themed “In the Presence of Absence,” from February 9th to March 23rd, 2024. Featuring 15 commissioned artworks that explore the unseen, the festival takes place bi-yearly in the desert region of Saudi Arabia. This edition of Desert X AlUla is curated by Maya El Khalil, renowned for her art advisory and MENA-focused curation, and Marcello Dantas, an award-winning curator known for his interdisciplinary practices. Returning for its third edition, Desert X AlUla 2024 invites artists to engage with the landscape, nature, and heritage of AlUla. The exhibition aims to position AlUla as the hub for monumental art experiences in the region. This year’s theme, “In the Presence of Absence,” challenges the concept of deserts as “empty spaces.” Artists worldwide are encouraged to investigate conceptual ideas of the invisible, engaging in a dialogue with AlUla’s environment.

  • Wall Street Snubs China for India in a Historic Markets Shift

    A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade.

  • Bader Al-Saif: Kuwait’s Perceptions, People, and Progress

    Let me tell you. I've been to all Gulf capitals plus Iraq since the war on Palestine unleashed in October, and I haven't seen such anti-Americanism in a very, very long time and even ever. We haven't had such levels of anger, real anger. It's not only popular anger that manifests in weekly protests, boycotts, angry memes, social media, and coordinated action, but you also see it at the official level, which has been quite interesting.

  • Egyptian officials warn peace to be suspended if Palestinians flow to Sinai

    According to one source, the Egyptian message was that "if even one Palestinian refugee crosses over – the peace agreement will be nullified." According to the source, no country would agree to absorb such a large number of Palestinian refugees, and they would become "a permanent Egyptian problem."

  • Houthi Attacks Upend Beijing’s Regional Strategy

    Even though the Houthis have attacked no China-owned ships, leaders in Beijing have become increasingly concerned about the economic costs of the Iran-endorsed Houthi attack campaign. China’s companies depend on the free flow of goods between China and Europe. The Houthi attacks have caused the cost to ship a standard 40-foot container from China to northern Europe to jump from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.

  • CEO for Saudi defense heavyweight SAMI talks Alsalam purchase, Turkish drones, global ambition

    Both indoors and out, it’s nearly impossible to miss the presence of Saudi Arabian Military Industries (SAMI) at this year’s World Defense Show in Riyadh, where the organization is displaying a host of defense platforms, some still under development, that have come under its umbrella over the past years. The displays match the ambition that SAMI CEO Walid Abukhaled says he has for the organization, namely to become one of the top 25 defense contractors in the world — by partnering with international firms, localizing as much production as possible in the Kingdom and snatching up valuable assets, like what Abukhaled said was a virtually finished purchase of the Saudi firm Alsalam Aerospace Industries.