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  • Opportunities in Water Production
     

    Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]

     
  • 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 […]

     
  • Saudi Aramco Rethinks Global Communications Strategy
     

    Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]

     
  • Top-10 ranking in sight for Tadawul
     

    Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.

     
  • 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

  • Dream of the Desert luxury train to be operational in Saudi Arabia in 2025

    Saudi Arabia Railways (SAR) and the Italian Arsenale Group, which specializes in managing luxury train trips, agreed to launch the Dream of the Desert luxury train service in Saudi Arabia. The Dream of the Desert train, which will have 40 luxury cabins and a maximum capacity of 80 passengers, is due to arrive in Saudi Arabia in the summer of 2025, with the first paying guests scheduled to depart in November 2025.

  • Royal Commission for AlUla CEO arrested for abuse of power and money laundering

    Eng. Amr Al-Madani, CEO of the Royal Commission for AlUla, was arrested over charges of misuse of authority and money laundering involving SR206 million.

    The partners of Al-Madani in a company were also arrested, according to an official source at the Oversight and Anti-Corruption Authority (Nazaha). Al-Madani was detained for his involvement in crimes of abuse of power and money laundering through obtaining contracts for the National Talents Company from King Abdullah City for Atomic and Renewable Energy in an illegal manner.

  • Saudi Arabia welcomes ICJ’s decision against alleged Israeli genocide in Gaza

    The Saudi Foreign Ministry has welcomed the International Court of Justice's (ICJ) initial ruling, which addresses alleged genocidal practices and statements against Palestinians in Gaza.

    The Ministry supports the decision and condemns Israeli occupation practices, as well as violations of the Genocide Convention. The Ministry also commended South Africa for initiating the lawsuit and urged the international community to intensify efforts to end violence in Gaza, protect Palestinians, and hold Israel accountable for alleged violations of international and humanitarian law.

  • Opinion: The Next Global War

    The United States isn’t facing a formalized alliance of adversaries, as it once did during World War II. It probably won’t see a replay of a scenario in which autocratic powers conquer giant swaths of Eurasia and its littoral regions. Yet with wars in eastern Europe and the Middle East already raging, and ties between revisionist states becoming more pronounced, all it would take is a clash in the contested western Pacific to bring about another awful scenario—one in which intense, interrelated regional struggles overwhelm the international system and create a crisis of global security unlike anything since 1945.

  • Davos Dispatch: The case for optimism amid global upheaval

    Amid the geopolitical gloom that pervaded the World Economic Forum here this past week—with intractable wars in Europe and the Mideast and unsettling tensions in Asia—International Monetary Fund Managing Director Kristalina Georgieva made a case for optimism, quoting the legendary economist John Maynard Keynes. Georgieva reminded a select group of global political, business, and civil society leaders of Keynes’ words from a 1930 essay, written against the backdrop of the Great Depression, the rise of communism and fascism, and national and international despair (the meeting was off-record, but Georgieva approved this to be shared publicly):

  • Saudi Arabia launches National Biotechnology Strategy set to transform the Kingdom

    According to the official Vision 2030 website, the National Biotechnology Strategy will build on the Kingdom’s existing strengths, including access to robust capital, a large market, the government’s commitment, and a unique gene pool.

    These factors will advance Saudi Arabia’s capabilities across four strategic plays: vaccines, bio-manufacturing & localization, genomics, and plant optimization.

  • Biden to send CIA chief to advance new hostage release/extended pause deal

    The planned talks, to involve Burns as well as Israel Mossad chief David Barnea, Egyptian intelligence chief Abbas Kamal, and Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani, are expected to be held in Europe. They come as Israeli media reported that a tentative agreement on the principles for a deal to release all the remaining hostages in exchange for an extended cessation of hostilities has been reached.

  • US, Israeli intelligence chiefs to discuss Gaza hostage deal -sources

    U.S. Central Intelligence Agency Director William Burns and his Israeli counterpart will meet with Qatari officials in coming days for talks on a second potential Gaza hostage deal, three sources familiar with the matter told Reuters on Thursday.
    Burns and the head of Israel's Mossad intelligence service, David Barnea, will meet with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in Europe this weekend, one official briefed on the meeting told Reuters.

  • Global economy outlook at odds with aggressive rate cut bets – Reuters poll

    Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets.
    Growth among leading economies is not forecast to be consistent, with relative strength in the United States and India, and sluggishness expected from the euro zone, as well as No. 2 economy China.

  • Saudi businesswoman buys signed Ronaldo Al-Nassr jersey for $125,000

    The sale took place during a dinner party on the sidelines of an event in the run-up to the Diriyah ePrix, which will take place on Jan. 26 and 27. In a 65-second video of the auction posted on X, the auctioneer can be heard saying the bidding for the Portuguese star’s shirt has reached $77,500, and he notes his surprise that it is increasing so quickly.