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  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • 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 […]

     
  • 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

  • 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.

  • Power restored gradually in Riyadh neighborhoods after contractor damage

    The Saudi Electricity Regulatory Authority clarified that the power outage affecting parts of the Hittin, An Nakheel, Al Aqiq, and Al Ghadeer neighborhoods in Riyadh on Tuesday's night at 8:33 PM was caused by damage to a main power transmission line by a contractor working on a public project unrelated to the Saudi Electricity Company.

  • Saudi Arabia drops 2.9 per cent in its Industrial Production Index in May

    Saudi Arabia's Industrial Production Index (IPI) experienced a 2.9 per cent year-on-year decline in May this year, according to data released by the General Authority for Statistics (GASTAT). The index dropped to 106.30 points, based on the 2021 base year, down from 109.45 points in May 2023. This decrease was primarily driven by a downturn in mining and quarrying activity, which constitutes 61.4 per cent of the index, according to a report by Saudi financial news portal Argaam.com.

  • Expat remittances from Saudi rise 12% to $3.4bn

    Expat remittance from Saudi Arabia jumped by 12 percent year on year to SAR12.6 billion ($3.4 billion) in May, according to the Saudi Central Bank (Sama). Remittances rose 11 percent month on month, or SAR1.3 billion, in May, the central bank said. Globally, remittances to low- and middle-income countries grew by an estimated 3.8 percent in 2023, reaching $669 billion, the World Bank said in its December 2023 report. It is forecasting a global increase of 2 percent for 2024.

  • Critical Metals, Obeikan partner to build lithium hydroxide processing plant in Saudi Arabia

    The 50/50 JV will be geared towards developing, constructing and operating the plant for the conversion of lithium spodumene concentrate from Critical Metals’ Wolfsberg project in Austria, which, according to Critical Metals CEO Tony Sage, is set to become the EU’s only battery-grade lithium mine by 2027.

  • Saudi law graduates to benefit from specialist skills program

    Outstanding Saudi law graduates will be receive intensive practical training from a team of specialist advisers as part of a second Future Adviser Program announced on Tuesday by the Center of Legal Studies and Research. The 12-month program aims to qualify young legal talents, and develop their skills in legal and regulatory consultation, as well as legislative drafting. Applicants for the program must be Saudi nationals, recent graduates from the years 2023-2024, and hold a bachelor’s degree in law with an academic GPA of no less than 3.75/5 or 2.75/4 or its equivalent.

  • Saudi Arabia’s Neo Space Group Appoints Martijn Blanken as New CEO

    NSG is a wholly owned company of Saudi Arabia’s Public Investment Fund, the nation’s sovereign wealth fund. NSG will focus on pursuing strategic and commercially feasible space sector opportunities. It will also invest in the most promising new space technology startups and entrepreneurs both in Saudi Arabia and globally. NSG is fully aligned with Saudi Arabia’s Vision 2030 and plans to create a global commercial space communications leader.

  • Saudi rig suspensions slow Middle East offshore growth prospects

    Maritime Strategies International (MSI) has scaled back its projection for jackup drilling demand in the Middle East Gulf region, following Saudi Aramco’s decision to suspend contracts for over 20 jackups. The analyst now expects growth in the region of 1%, down from its previous estimate of 4%, mainly supported by activity in Qatar and the UAE to fulfill their respective oil and gas production targets.

  • Bodies trapped in Gaza City under Israeli assault as mediators push for truce

    Residents of Gaza City were trapped in houses and bodies lay uncollected in the streets under an intense new Israeli assault on Thursday, even as Washington pushed for a peace deal at talks in Egypt and Qatar. Hamas militants say a heavy Israeli assault on Gaza City this week could wreck efforts to finally end the war just as negotiations have entered the home stretch. Home to more than a quarter of Gaza's residents before the war, Gaza City was destroyed during the first weeks of fighting last year, but hundreds of thousands of Palestinians have returned to homes in the ruins. They have now once again been ordered out by the Israeli military.

  • Coffee is getting more expensive thanks to climate change

    The price of a standard contract — a 100-piece lot of 60-kilogram bags — topped $300 on Tuesday before settling slightly lower. The commodity is up nearly 28% for the year and 56% compared to a year ago. Like with cocoa, coffee harvests are shrinking because of climate change. The Wall Street Journal reported earlier this year that soaring global temperatures and fluctuating rainfall patterns are making it harder for traditional exporting nations like Vietnam, Indonesia, and Brazil to maintain harvest levels.