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  • 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.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Why Saudi Arabia Never Acquired The F-16

    Boeing hopes Saudi Arabia will choose the F-15EX Eagle II over rival bids for Eurofighter Typhoons from the United Kingdom and Dassault Rafale multirole fighter jets from France. The American aerospace giant pointed to Riyadh’s decades-long interest in and experience operating the F-15, of which the kingdom possesses approximately 230. The three-way fighter competition is also a striking reminder that Saudi Arabia never acquired the F-16, peculiar for a region that operates the second, third, and fourth largest fleets of the venerable Viper.

  • U.S. Presses To End The War In Gaza

    On May 31, in a formal statement at the White House, U.S. President Joseph Biden outlined what he termed an Israeli proposal for a three-phased roadmap toward a permanent end of hostilities in the war between Israel and Hamas in the Gaza Strip. Appearing to pressure both Israeli and Hamas leaders to back the roadmap fully, the Biden statement stressed that the plan, if fully agreed and implemented, meets the core demands of both sides and should be accepted. The proposal appeared to reflect the results of recent intensive negotiations between the United States, Qatar, and Egypt, on new initiatives to break the logjams that have blocked Israel-Hamas agreement on another temporary ceasefire and further hostage releases. The U.S. and some Arab officials have attributed the impasse mostly to Hamas’ demand for a complete end to Israel’s offensive in Gaza as a condition for freeing remaining Israeli hostages.

  • Saudi Aramco offered $12 billion worth of stock. It sold out in hours

    Saudi Arabia will still own the vast majority of the company, both directly and through its Public Investment Fund. The country is using some of the proceeds to help diversify its economy in anticipation of so-called “peak oil,” when the commodity’s demand and/or supply begin to fall for climate and alternative energy-related reasons. One big priority for the new economy has been tourism, which Saudi Arabia has been working to increase through the creation of new attractions and travel options.

  • Doctor’s Sons Turn Billionaires as Saudi IPOs Mint New Fortunes

    A hospital group is set to become the kingdom’s biggest listing of the year, turning its two top shareholders into billionaires. Brothers Mazen and Ammar Fakeeh, the sons of the physician who founded the Dr. Soliman Abdul Kader Fakeeh Hospital Co., will have a combined fortune of at least $2.5 billion after the sale, while their sister Manal will be worth some $600 million, according to the Bloomberg Billionaires Index.

  • New Study Say Life on Earth may have Originated in Saudi Arabia 3.48 billion years ago

    Scientists have identified living stromatolites on Saudi Arabia’s Sheybarah Island in the Red Sea, marking the first discovery of living shallow-marine stromatolites in the Middle East. The discovery raises significant questions related to how and where life first originated on planet Earth. Published in the journal Geology, the study explores these ancient microbial structures and offers a unique glimpse into Earth’s early life and the environmental conditions that prevailed billions of years ago.

  • Saudi Arabia, Brazil sign defense agreement

    Saudi Arabia and Brazil signed on Monday in Riyadh a cooperation agreement in the defense field. The deal was signed during a meeting between Saudi Defense Minister Prince Khalid bin Salman and Brazil’s Vice President and Minister of Development, Industry, Trade and Services Geraldo Alckmin.

  • Saudi games company wants to deepen Nintendo, Capcom ties

    "Game development is our long-term goal -- we want to build a global hub for gaming and esports," he said. The prince has invited prominent Japanese game developers, including Nintendo, Bandai, Capcom and Konami Group, to consider setting up offices in the Middle East. Currently, the region lacks a direct presence, with gaming companies typically overseeing their businesses from offices in Europe.

  • Nearly 1 million foreign Hajj pilgrims arrive

    Nearly one million foreign pilgrims arrived in Saudi Arabia for the upcoming annual pilgrimage of Hajj. By the end of Sunday, a total of 935,966 Hajj pilgrims arrived through all the Kingdom’s air, land and sea ports, according to the General Directorate of Passports (Jawazat). The directorate revealed that the overwhelming majority of pilgrims came by air and their number reached 896,287, while the number of pilgrims arrived via land entry points stood at 37,280 pilgrims, and 2,399 pilgrims came via sea ports, the Saudi Press Agency reported. The directorate said that it is harnessing all its capabilities to facilitate the entry procedures for the guests of God, by supporting its online platforms at international air, land and sea ports with the latest technical devices operated by qualified Saudis who are proficient in different languages spoken by the pilgrims.

  • Saudi Arabia largely removes negative portrayal of Israel from its school curriculum

    Textbooks for the 2023-2024 school year no longer teach that Zionism is a “racist” European movement, and no longer deny the historical Jewish presence in the region, according to the study, published last week by the nonprofit IMPACT-se, which monitors educational curricula in Middle Eastern and North African countries.

  • Fostering a sustainable future: the role of land restoration in Saudi Arabia

    Nearly one-fifth of our planet is threatened with desertification leading to the loss of fertile soils and biodiversity which we need to grow food for millions of people and feed for livestock. Climate change has further aggravated the situation especially in countries that have experienced alarming drought events, battled large-scale deforestation or continued using unsustainable agricultural techniques. Since 1961, climate change has reduced global agricultural productivity by about 21%. Moreover, since 2000, the world has lost more than 10% of its global tree cover, with the tropics accounting for 1.48 million km2 of deforestation — an area larger than France, Spain, and Germany combined.