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  • 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.    

     
  • 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.”  

     

MUST-READS

  • US envoy sees rapid F-16s sale to Turkey after Sweden NATO bid sign-off

    The U.S. ambassador to Turkey said he anticipates that President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara.
    In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S. State Department will immediately send Congress notification of the $20 billion F-16s sale.

  • Hevolution releases inaugural Global Healthspan Report

    Back in November, we reported on Hevolution Foundation‘s two day Global Healthspan Summit in Riyadh; with over 1000 attendees and 100 speakers, Hevolution hoped the summit would serve as a trigger, shifting perception of aging and longevity and catalyzing a move towards global healthspan. To build on this event and scaffold the shift from sickcare to healthspan, Hevolution has released its inaugural Global Healthspan Report today; the report builds on the success of the summit and delivers needed insights to support progress for global healthspan goals.

  • Qatar, a key mediator in sensitive Israel-Hamas talks, lashes out at Netanyahu over critical remarks

    Qatar said it was appalled Wednesday by leaked remarks made by Israeli Prime Minister Benjamin Netanyahu in which he criticized the country’s mediation efforts with Hamas, complicating already arduous negotiations meant to halt the hostilities in exchange for a hostage release. In a meeting with families of hostages held by Hamas, Netanyahu said Qatar’s role in the mediation was “problematic.” Qatar, a key mediator that also has deep ties to the militant group and hosts some of its exiled leaders, said Netanyahu’s remarks were “irresponsible and destructive.”

  • Saudi Arabia to allow first alcohol sales in 72 years, dividing opinion

    Located in the capital’s Diplomatic Quarter, the store will be accessible only to non-Muslim diplomats, meaning that for the vast majority of Saudi Arabia’s 32 million people, nothing will change for now.

    Additionally, purchasing quotas will be enforced. Access to the store will be restricted to those who register via an application. And customers will be asked to keep their phones in a “special mobile pouch” while they browse for beer, wine and spirits.

  • Why and when did Saudi Arabia ban alcohol? Why is its first liquor store a big deal?

    Saudi Arabia is seeing revolutionary reforms under Crown Prince Mohammed bin Salman. He has ambitious plans to make the kingdom the go-to destination for business and tourism. It involves shedding the image of a conservative regime and being more open. And the latest move involves allowing alcohol. Yes, the country is all set to get its first liquor store in the capital Riyadh but it will serve only non-Muslim diplomats.

  • Saudi Arabia, Hong Kong financial bodies ink MoU at AFF

    Saudi Arabia’s Financial Sector Development Program signed a memorandum of understanding with Hong Kong’s Financial Services Development Council on Wednesday at the 17th Asian Financial Forum. The MoU aims to enhance cooperation and exchange experiences in accordance with best practices, the Kingdom’s Ministry of Finance said.

  • Saudi influencer highlights Kingdom’s cultural heritage by showcasing beverages

    The diversity of Saudi beverages came from the geographical and cultural variations of each region, and the social aspect of preparing and sharing drinks helped visitors and tourists to understand the nation’s history, Al-Issa said.

    “Saudis, despite their simple life in the desert, countryside, or distant villages, are always keen to provide hospitality services with all authentic aspects and methods. Coffee is our culture and a great pride to hold onto,” he added. Al-Issa noted that Saudi coffee had become a focal point of local hospitality and traditions, highlighting the culture and identity of regions.

  • Saudi Vice Foreign Minister Meets with Spanish State Secretary for Foreign and Global Affairs

    Saudi Vice Minister of Foreign Affairs Eng. Waleed El-Khereiji met here today with Spanish State Secretary for Foreign and Global Affairs Diego Martínez Belío, on the sidelines of the UN Security Council open debate on the "Situation in the Middle East". The two officials discussed bilateral relations and ways to further develop them, and other issues of common concern.

  • Salman Khan shares epic group photograph from Saudi Arabia’s Joy Awards, poses with John Cena, Anthony Hopkins and Alia Bhatt

    Salman’s fans are going gaga over the post. A user wrote, “Wow !! JOHN CENA AND SALMAN KHAN IN SAME FRAME ❤️,” while another fan wrote, “@beingsalmankhan one of the greatest actors in cinema history. I feel proud to be in a world with Salman Khan in it ❤.”

  • Saudi Arabia calls for separate Palestinian state, rejects Israeli self-defense claim

    Saudi Arabia calls for the creation of an independent Palestinian state to protect the rights of the Palestinian people, the Kingdom’s deputy foreign minister said during the United Nations Security Council debate as he urged the council to take a firm stance against Israeli military occupation in the region. According to reports from the official Saudi Press Agency (SPA), Saudi’s Vice Foreign Minister Waleed el-Khereji on Wednesday condemned the forced displacement of Palestinians and rejected Israel’s statements of self-defense as an excuse to continuously bomb Gaza, leading to mass displacement in the besieged enclave.