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  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     

MUST-READS

  • Saudi Arabia campaign aims to attract chipmakers

    Saudi Arabia has launched a National Semiconductor Hub in a bid to attract international chipmakers. The kingdom is targeting at least 50 semiconductor design companies to set up business by 2030, aiming to cut its reliance on imported computer chips. The global semiconductor industry, once plagued by shortages, is now showing signs of recovery and this trend is expected to continue.

  • Saudi Arabia announces start dates for Hajj and Eid Al Adha

    The annual Hajj pilgrimage will begin on June 14 with Eid Al Adha falling two days later, Saudi Arabia confirmed on Thursday evening.

    The announcement by the Saudi Supreme Court came after the crescent moon, which heralds the start of Dhu Al Hijjah, the 12th and final month in the Islamic calendar, was sighted on Thursday evening.

    It means Dhu Al Hijjah will begin on Friday, allowing for the start dates of both Hajj – which falls on the eighth day of the month – and Eid Al Adha, which commences on its tenth day, to be determined

  • As ties thaw with Saudi Arabia, thousands of Syrians fly there for haj

    For the first time in more than a decade, thousands of Syrians are travelling directly from government-held parts of Syria to Saudi Arabia for the Haj rituals, a signal of Syrian President Bashar al-Assad's gradual reintegration into the Arab fold.
    After Syria's conflict erupted in 2011, Saudi Arabia cut ties with Assad and backed figures opposed to him - including by granting Syria's opposition thousands of visas to be distributed among Syrian pilgrims in Lebanon, Jordan, Egypt and Turkey.

  • Sinopec awarded $1.37 Billion Contract from Saudi Aramco

    Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation and Saudi Arabian Oil Company (Saudi Aramco) entered into a turn-key fixed-price contract for the in-country procurement and construction of Packages 6 and 7 of the Phase 3 Pipeline Project Clusters of the Master Gas System (“MGS”),

  • Yemeni leader receives Saudi defense minister in Riyadh

    Rashad Al-Alimi, Chairman of Yemen’s Presidential Leadership Council received on Wednesday Saudi Arabia’s Minister of Defense Prince Khalid bin Salman, the Saudi Press Agency said. The pair discussed the ongoing efforts to advance the roadmap and reach a comprehensive political solution in Yemen under UN supervision. “I reiterated the Kingdom’s commitment to fully supporting Yemen in realizing the aspirations of its people,” Prince Khalid said on X.

  • “If You Build It, They Will Come”: Prospects for Foreign Direct Investment in Saudi Arabia

    Attracting higher foreign direct investment is a key part of the policy roadmap to diversify the Saudi economy. Vision 2030 set a goal of an increase in FDI to $100 billion, or 5.9% of gross domestic product, by 2030. FDI inflows were $29 billion in 2016, when Vision 2030 was announced. Increased FDI will support the development of new industries and sectors, such as artificial intelligence, gaming, advanced manufacturing, mining, renewable energy, and tourism. FDI brings the technology, capital, training capabilities, and business models that are essential for the long-term success and competitiveness of Saudi Arabia’s non-oil economy.

  • Saudi Arabia warns of a hot Hajj this year with temperatures of 48°C

    Saudi Arabia has forecast an average high temperature of up to 48ºC in Makkah during the Hajj pilgrimage this month, according to meteorological services.

    “The expected climate for Hajj this year is an increase in average temperatures of one and a half to two degrees above normal in Makkah and Madinah,” National Meteorology Centre chief Ayman Ghulam said on Tuesday.

    He said afternoon temperatures could peak at 48ºC.

  • Saudi Arabia cuts July Arab Light crude oil OSP to Asia

    Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters showed on Wednesday.
    That marks a 50 cent per barrel cut from the June OSP, the first cut in five months and towards the lower end of market expectations according to a Reuters survey.
    Its OSPs for other crude grades sold to Asian customers were slashed by 40-60 cents, the document showed.

  • Is Normalization between Saudi Arabia and Israel Still Possible?

    “The issue of Israel recognizing a two-state solution is in its own interest. I firmly believe that a two-state solution, that the establishment of a credible Palestinian state, serves not just the interests of the Palestinians and delivers their right to self-determination; it is also in the interest of Israel and delivers the security that Israel needs and deserves.” Unlike Iran and its allies, who explicitly call for Israel’s destruction, the Saudi position upholds the promise of the 2002 Arab Peace Initiative that acknowledges Israel’s right to exist within secure borders but asserts that this can only be achieved through the creation of a viable Palestinian state. This is a view that the Saudis believe reflects the majority position of most Arab and Sunni Muslims.

  • IMF Expects GCC Reserves to Grow by $300-$350 Bln in Three Years on Higher Oil Prices

    The International Monetary Fund expects the foreign reserves of the six oil-rich Arab countries of the Gulf Cooperation Council (GCC) to increase by $300-$350 billion in the next three years, a senior official said on Tuesday.

    The GCC - which comprises Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman - "will benefit from the increase in oil prices", Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, told Asharq TV. Oil prices have risen about 60% from the start of the year as global demand recovers from the coronavirus pandemic.