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  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • Saudi tops in job creation in GCC
     

    The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]

     

MUST-READS

  • Saudi Arabia ranks second best country for expats in key category in new survey

    In a surprising shift for expatriates, Saudi Arabia has emerged as the second-best country in the world for working abroad, according to the latest Expat Insider survey. The kingdom has made a significant leap from 14th place in 2023 to the runner-up position.

  • Saudi-European Investment Relations Enhance Global Economic Stability

    External financial bonds, including Eurobonds, constitute an important aspect of Saudi investments, experts told Asharq Al-Awsat. This came after the Ministry of Finance denied, on Tuesday, that the Kingdom had threatened to sell Eurobonds, according to a statement attributed to the ministry and reported by Bloomberg. The ministry stressed that Saudi relations with the G7 and other countries were based on mutual respect, pointing to ongoing discussions over matters that promote global growth and the flexibility of the international financial system.

  • Fresh scrutiny of free speech in Saudi Arabia after brothers’ convictions over tweets

    Fresh questions have been raised about the suppression of free speech in Saudi Arabia after the brother of a man facing the death penalty for tweeting to 10 followers was handed a 20-year sentence for largely innocuous tweets. The Saudi crown prince, Mohammed bin Salman, had said Mohammed al-Ghamdi was a victim of “bad laws” after being sentenced to death, yet the crown prince permitted the same laws to be used to sentence Ghamdi’s younger brother, Asaad al-Ghamdi.

  • China willing to strengthen trade with Saudi, commerce minister says

    China said it is willing to strengthen implementing development strategies with Saudi Arabia, and intensify trade and investment exchanges, its commerce minister said in a statement on Friday. Commerce Minister Wang Wentao held talks on Thursday with the head of affairs on Saudi Arabia's economic cooperation with China, who is also the president of the Saudi sovereign wealth fund Public Investment Fund and chairman of Saudi Aramco.

  • Lucid Group gains after its CEO says the Saudi Arabia PIF is the perfect partner

  • Biden says Israel-Gaza war should end now and Israel must not occupy Gaza

    U.S. President Joe Biden said on Thursday the Israel-Gaza war must end now and Israel must not occupy the enclave after the war, telling reporters his ceasefire framework had been agreed on by both Israel and Hamas but there were still gaps to close.  "That framework is now agreed on by both Israel and Hamas. So I sent my team to the region to hammer out the details," Biden said in a news conference.

  • Hamas believes it has won. Why it now wants to unburden itself of Gaza.

    After nine months of war with Israel, Hamas’ postwar strategy – based on what it sees as its impending victory – is starting to take shape. As talks with Israel, mediated by the United States, Egypt, and Qatar, continue toward a deal on a cease-fire and release of hostages, the militant Islamist movement is eyeing its postwar plans. They include riding an electoral wave to power in the West Bank while evading responsibility for the massive reconstruction of Gaza – and for the vast devastation and loss of life there from the war it incited.

  • Gulf States Advance Clean Energy Agenda but Need to Decarbonize Much Faster

    The United Arab Emirates, Saudi Arabia, and Oman are making impressive strides in developing their renewable and clean energy potential, but they will need to decarbonize their oil and gas operations faster to adapt to the energy transition. This was one of the takeaways at AGSIW’s Petro Diplomacy 2024 conference from a conversation with Roger Diwan, vice president of research and analysis, upstream, at S&P Global Commodity Insights.

  • A Biden Confidant Emerges as a Crucial Mideast Diplomat

    Mr. Hochstein has made at least five trips to Israel and Lebanon since the war in Gaza prompted Hezbollah to launch rocket attacks on northern Israel in solidarity with Hamas. He speaks constantly with Lebanese officials as well as top Israeli officials, sometimes including Prime Minister Benjamin Netanyahu.

  • Qatar’s population soars to 2.85 million, an 85% jump from 2008

    Qatar’s population soared up to 2,857,822 by June 30, 2024, marking a staggering 85.4 percent jump from October 2008’s 1,541,130, as per National Planning Council figures. Recent statistics indicate fluctuating numbers, with peaks recorded earlier this year at 3,128,983 in February and 3,119,589 in March, gradually decreasing to 3,080,804 by May. As of June 2024, the male population stood at 72.4 percent of the total.