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  • Amazing Flower Festivals Color Saudi Cities
     

    Flower festivals across Saudi Arabia are coloring the Kingdom as the spring season arrives. A festival in Riyadh put on display over 1.4 million flowers in a “carpet” pattern displaying the Saudi flag and other images using only flowers. Another festival in Yanbu similarly dazzles visitors with thousands of flowers of all colors. The Flower […]

     
  • Saudi Arabia’s Ambassador to the U.S. Prince Abdullah Al-Saud Writes in Huffington Post
     

    Saudi Arabia’s Ambassador to the United States Prince Abdullah bin Faisal bin Turki Al-Saud has written his first op-ed since his arrival in Washington. The post, “Confronting Extremism,” was published in the Huffington Post. “Extremism, especially violent extremism, is a scourge on the planet. Those who promote extremist ideologies or sponsor acts of violence in […]

     
  • Riyadh Metro’s New Trains will have Three Separate Classes of Cars
     

    The trains for Riyadh’s forthcoming metro project on lines 1 and 2 will have three separate classes of cars for citizens and expats, according to reports. The Siemens-built trains will have a first class for men with “gold-colored seats” that are wider than other sections. A second section will be for families, which in Saudi […]

     
  • Collapse in Oil Prices Hits Saudi S&P Credit Rating
     

    Saudi Arabia and other oil-producing nations saw a cut in credit ratings by Standard & Poor’s on Wednesday amid the collapse in crude oil prices, according to reports. According to Forbes, Saudi Arabia is now rated A-, “a two notch downgrade from S&P’s previous rating of A+, [and] is forecast to have a current account deficit […]

     
  • Will 2016 be a Big Year for the Middle East Solar Energy Market?
     

    Writing for Green Tech Media, Jason Deign, comments that the Middle East market for solar energy is anticipating a big year in 2016… maybe.  The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region.   Deign takes a […]

     
  • Jadwa: Saudi Economy will Continue to Slow in 2016
     

    Riyadh-based Jadwa Investment recently released an updated analysis on Saudi Arabia’s economy, painting a gloomy picture of the Kingdom’s economic health in the face of low oil prices. The Saudi economy will continue to slow in 2016 as the private sector gradually adjusts to the new norm of fiscal deficits and lower spending announced by […]

     
  • Saudi Arabia ‘Ready to Participate in Any Ground Operations’ by Coalition in Syria
     

    Saudi Arabia has announced its readiness to send ground troops to Syria to help in the battle against ISIS, or Daesh, according to comments made by a Saudi defense official. “The kingdom is ready to participate in any ground operations that the coalition (against ISIS) may agree to carry out in Syria,” said military spokesman […]

     
  • Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
     

    5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform.  In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]

     
  • Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
     

    Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh.  Saudi […]

     
  • U.S., Saudi Business Leaders to Meet in Riyadh for U.S.-Saudi CEO Summit, GCF 2016
     

    U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States. The inaugural U.S.-Saudi CEO Summit, organized by the U.S. Chamber of Commerce and the Council of Saudi Chambers […]

     

MUST-READS

  • Saudi Arabia executes three citizens for inciting terrorism

    According to the ministry, the three nationals were accused of “providing support to terrorist entities, communicating with them, adopting a terrorist approach that permits the shedding of blood, money, and honor, and inciting people to carry out terrorist acts with the aim of undermining the security and stability of society.

  • Saudi GDP declines by 0.3% in Q2 2024

    Saudi Arabia’s real GDP declined by 0.3% in the second quarter of 2024 compared to the same period in 2023, according to the General Authority for Statistics (GASTAT). Oil activities fell by 8.8% year-on-year (YoY), while non-oil activities increased by 4.9% YoY. Additionally, government activities grew by 3.8% YoY.

  • Saudi trades in US equities fall to $15.61B in Q2 2024

    Saudi investors executed sell and buy transactions on US equities of SAR 58.6 billion through capital market institutions in Q2 2024, a year-on-year (YoY) fall of about SAR 1.25 billion, or 2%. Saudi trades in US stocks through capital market institutions recorded a 6% decline (SAR 3.75 billion) from SAR 62.3 billion in Q1 2024, the Capital Market Authority (CMA) said in a report.

  • Bahrain’s new corporation tax isn’t just about boosting revenues

    Bahrain has been facing fiscal pressure since 2010, when it recorded its first budget deficit of the new millennium. While it has used a wide range of tax instruments to improve its finances, most notably value-added tax, it has so far shunned a tax on business profits. Several factors contributed to this decision, most notably a concern that it might affect Bahrain’s reputation as an attractive destination for foreign direct investment.

  • UN rights chief urges states to challenge Israel over occupation

    The U.N. human rights chief said on Monday that ending the nearly year-long war in Gaza is a priority and he asked countries to act on what he called Israel's "blatant disregard" for international law in the occupied Palestinian territories. Nearly 41,000 Palestinians have been killed in Gaza, according to Gaza health officials, since Israel unleashed a military campaign in response to cross-border attacks by Hamas militants on Oct. 7, 2023 in which 1,200 people were killed and a further 250 taken hostage. The conflict has also fuelled a surge in violence in the Israeli-occupied West Bank.

  • Russia aims to tip US election to Trump, intel official says

    “RT has built and used networks of U.S. and other Western personalities to create and disseminate Russia-friendly narratives while trying to mask the content in authentic Americans’ free speech,” said the official with the Office of the Director of National Intelligence, who spoke to reporters on the condition of anonymity.

  • Ronaldo goals prove Saudi league quality – Neves

    And Ronaldo followed up his record-breaking 900th career goal against Croatia on Thursday by coming off the bench to score the decisive late goal against the Scots as Portugal began their Nations League Group A1 campaign with two 2-1 home wins. Asked about the 39-year-old's continued impact despite now playing in the Saudi Pro League, Neves told the Portugal FA website: "I invite those people to watch Saudi football."

  • Saudi Arabia exceeds Vision 2030 target of attracting 100 mln tourists: IMF report

    The Kingdom’s tourism revenues reached $36 billion in 2023, with net tourism income increasing by 38 percent. The sector’s direct and indirect contribution to GDP reached 11.5 percent in 2023, with expectations to grow to 16 percent by 2034, according to the report published on Wednesday.

  • Saudi debt market valued at $213 billion, says official

    The Chairman of the Board of the Saudi Capital Market Authority, Mohammed El-Kuwaiz, said on Sunday that the size of the debt market in the Kingdom has doubled to reach 800 billion Saudi riyals ($213bn), compared with around 400bn riyals ($106bn) in 2019. El-Kuwaiz made his comment during the Debt Markets and Derivatives Forum in Riyadh.

  • Saudi Arabia woos US investors to bolster housing sector

    As growth in mortgage lending in Saudi Arabia runs up against local liquidity constraints, several US investment giants are looking to step in. After a visit by Saudi officials to the US at the end of August, household names such as BlackRock and King Street Capital signed preliminary agreements with the Saudi Real Estate Refinance Company (SRC) and Saudi Mortgage Guarantee Services Company (Dhamanat) to enhance the kingdom’s secondary market for home loans.