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  • Insurance
    Saudi Arabia: Insurance industry bounces back into the black

    Saudi Arabia's 34 listed insurance companies have reported a total combined profit before zakat of SAR947.2 million (US$252.5 million) for 2014, compared to a loss before zakat of SAR1,198.9 million for the previous year.

  • ISIS and Islam
    Opinion: What The Atlantic Gets Dangerously Wrong About ISIS And Islam

    Wood’s article has encountered staunch criticism and derision from many Muslims and academics who study Islam. After the article was posted online, Islamic studies Facebook pages and listserves were reportedly awash with comments from intellectuals blasting the article as, among other things, “quite shocking.” The core issue, they say, is that Wood appears to have fallen prey to an inaccurate trope all too common in many Western circles: that ISIS is an inevitable product of Islam, mainly because the Qur’an and other Islamic texts contain passages that support its horrific acts.

  • Global Oil Markets
    The oil price: The Saudi project, part two

    In the long run, there are signs that a restructuring of the market is starting, which could eventually lead to high-cost producers going bust or marginal areas being abandoned. Large oil firms have announced cuts in capital spending of over 20% for this year. BP, for example, will spend $20 billion in capital projects in 2015, compared with $23 billion in 2014. New discoveries are down even more steeply. According to IHS, a research firm, new finds of oil and gas were the equivalent of 16 billion barrels last year, the lowest for 60 years.

  • Israel and the Region
    Prominent Saudi Columnist Notes Arab Support for Israeli Strike on Hezbollah

    To be sure, Rashed stated clearly that this new attitude does not mean Arabs have come to love Israel, but rather that they are changing their view of the region based on the age-old concept "the enemy of my enemy is my friend." Deeper Arab acceptance of Israel will need to wait for a peace deal with the Palestinians, he argued, but in the meantime Arabs could accept a tacit alliance with Israel in the event of a regional war with Iran.

  • Mohammed Bin Salman
    Saudi king’s son on fast track to power

    Although a capable individual, it was still too early to determine whether the young prince had the stamina to do so many things, and do them well. The eldest son of the monarch’s second wife, Princess Fahdah Bint Falah Al Hithlain, from the eastern Ajman tribe that backed the Al Saud starting in the early 20th century and whose daughters married extensively into the family, Prince Mohammad had a full brother, Turki Bin Salman, who was formerly the chairman of the Saudi Research and Marketing Group that publishes the pan-Arab daily Al Sharq Al Awsat.

  • Saudi Aramco
    Saudi Aramco said to be in talks for $10bn loan

    One of the sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.

  • Anti-ISIS Coalition
    US-led coalition against Islamic State meets in Saudi Arabia

    Military chiefs from 26 nations involved in the U.S.-led coalition battling the Islamic State group began a two-day meeting in Saudi Arabia on Wednesday, the Saudi Press Agency reported. SPA said the meeting was aimed at giving military leaders an opportunity to exchange views about the fight against the extremist group, which controls large parts of Iraq and Syria.

  • Water
    Kingdom aims at 100 percent wastewater reuse by 2025

    Saudi Arabia aims to reuse over 65 percent of its water by 2020 and over 90 percent by 2040 by transforming its existing and planned wastewater treatment assets into source water suppliers across all sectors. Valued at over $4.3 billion by Global Water Intelligence, the Kingdom’s water reuse market is the third largest in the world.

  • Telecommunications
    Growing Telecoms Market

    Saudi Arabia’s Information and Communication Technology (ICT) market is the largest in the Middle East and represents 68% of the total sector in the Arabian Gulf. The Kingdom’s public and private sectors rely heavily on the services and products of foreign companies, so representing significant opportunities for international suppliers.

  • Counterterrorism
    Clash For Civilization

    Broad attacks on Islam, Muslim denial of the true character of the threat -- and counterterrorism measures that are so extreme that they become dysfunctional -- can all undermine the security partnerships between Muslim and non-Muslim states that offer the only effective way to fight violent Islamic extremism.