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Recent Data Show Saudi Women Make Up Only 13% of the Workforce, Despite Representing 50% of All Graduates from Saudi Universities
Recently released figures from Saudi Arabia’s Central Department of Statistics show that Saudi women have a long way to go in achieving equality in the workforce in the Kingdom, a longstanding challenge with economic and social facets facing Saudi Arabia’s new King Salman bin Abdulaziz al Saud and Labor Minister Adel Al-Fakeih. The official statistics […]
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U.S. Merchandise Exports to MENA Slowing, But Still Record-Breaking in 2014, NUSACC Finds
A recently released study of government data by the National U.S.-Arab Chamber of Commerce (NUSACC) found another record-breaking year for American exports to the MENA region, but growth slowed in 2014 in what the organization called mixed results. NUSACC: “Exports of U.S. goods to the Middle East and North Africa (MENA) region set a new […]
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Saudi Arabia’s First Social Media King Salman Nets More than 450k Followers on Twitter Since Ascending to Saudi Throne
The citizens of the Kingdom of Saudi Arabia are some of the most active social media users in the world. Roughly 20% of the country is on Twitter and 25% is on Facebook, according to Statista. Upon King Abdullah’s passing, then Crown Prince Salman became Saudi Arabia’s first King to use social media publicly – […]
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Sfakianakis: Passing of King Abdullah and Advent of King Salman a ‘Time of Continuity’ in Oil Policy
Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels. “The passing of King Abdullah and the advent of King Salman […]
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The Death of King Abdullah and the Future of Saudi Arabia: 5 Storylines to Watch This Week
The passing of Saudi Arabia’s King Abdullah in the early morning on Friday, January 23rd is a major event in the Kingdom’s history. The impact of the King’s reign on current and future generations will be lasting, and his death has drawn global attention to the Kingdom as the country moves forward with new leadership. […]
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President Obama: ‘My personal condolences and the sympathies of the American people’ following death of King Abdullah as VP Biden plans visit
President Obama issued a statement today on the death of Saudi Arabia’s King Abdullah bin Abdulaziz, expressing his condolences and “the sympathies of the American people” to the family of the King and the people of Saudi Arabia. “It is with deep respect that I express my personal condolences and the sympathies of the American […]
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OPEC to Oil Companies at Davos: ‘Let’s produce the lower cost oil first and then produce the higher cost…prices will rebound’
In dueling speeches at the Davos World Economic Forum in Switzerland, oil company heads and OPEC representatives clashed about the collapse in the price of oil, according to a report in Reuters. Oil company chiefs at from Italy’s Eni Spa and France’s Total said that OPEC’s unwillingness to cut output “could lead to a huge […]
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Spain’s Abengoa and AWT to Develop the World’s First Solar-Powered Desalination Plant in Saudi Arabia
[Press Release] Spain’s Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by Advanced Water Technology (AWT) to jointly develop the world’s first large-scale desalination plant to be powered by solar energy, in Saudi Arabia. AWT is a newly formed company […]
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Photos: Rare Snow Blankets Areas of Saudi Arabia
A rare blanket of snow hit areas of Saudi Arabia on Monday, causing a stir on social media sites and even eliciting a Fatwa about snowmen. The bulk of the snow hit a town near the northern city of Tabuk, according to the BBC. Images appearing on the website Alriyadh.com, which often has excellent user-submitted photographs […]
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Five trends that will shape the Arab World’s online industry in 2015
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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MUST-READS
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The Israeli ship is drifting, ever more dangerously, in uncharted waters
While Israel moves toward a de facto long-term occupation of Gaza, the country faces increasingly heavy losses on the diplomatic front, with more and more countries, international organizations, academic institutions, and companies cutting off ties to, sanctioning, and boycotting Israeli entities and individuals.
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Iran’s top diplomat confirms talks with US
Iran's acting foreign minister Ali Bagheri said Monday his government was engaged in negotiations with arch-foe the United States hosted by the Gulf sultanate of Oman. Asked about the issue at a news conference during a visit to Beirut, Bagheri said "we have always continued out negotiations... and they have never stopped." Washington and Tehran have not had diplomatic relations since the 1979 Islamic Revolution in Iran.
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Saudi Arabia warns of above-average heat during Hajj
Saudi Arabia said Tuesday pilgrims can expect average high temperatures of 44 degrees Celsius (111 Fahrenheit) during the Hajj, which last year saw thousands of cases of heat stress. "The expected climate for Hajj this year will witness an increase in average temperatures of 1½ to 2 degrees above normal in Mecca and Medina," national meteorology center chief Ayman Ghulam told a press conference. The forecast indicates "relative humidity 25%, rain rates close to zero, average maximum temperature 44 degrees," he said.
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Man City’s De Bruyne not ruling out Saudi move
Manchester City midfielder Kevin De Bruyne is keeping an open mind over a potential move to the Saudi Pro League, the 32-year-old Belgian said, as he prepares to enter the final year of his contract with the Premier League champions.The Belgium captain has six Premier League crowns and one Champions League title, as well as two FA Cups and five League Cups to his name since his 2015 switch from German side VfL Wolfsburg.
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Saudi Exchange Publishes Guidelines for Offering and Listing of Foreign Companies
The Saudi Exchange published its guideline manual for foreign companies offering and/or listing on its Main Market. While current capital markets regulations and rules in Saudi Arabia permit such offerings, the lack of a clear criteria and process led to uncertainty among potential non-Saudi issuers, and may have deterred them from pursing listings or required them to restructure their operations in order to incorporate in Saudi Arabia before listing. In fact, to date there have been no cross-listings on the Saudi Exchange and only one dual-listing, which was the concurrent and dual-listing of Americana Restaurants in Saudi Arabia and the United Arab Emirates in December 2022.
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Lebanon’s Dangerous Campaign against Refugees
Lebanon hosts 1.5 million Syrian refugees. It wants to get rid of most of them. Lebanese sovereignty is important, but so are the country’s humanitarian obligations and Lebanon’s role in regional security. A recent government scheme to deport Syrians in Lebanon who were not registered as refugees with the United Nations—nearly half of the 1.5 million refugees in Lebanon—may be a first step, and it is a potentially dangerous one. Lebanon’s Syrian refugee problem soon could become a regional problem, and neither the Middle East nor its Mediterranean neighbors need another one of those.
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Saudi Aramco holding LNG talks with US firms Tellurian, NextDecade, sources say
Oil giant Aramco (2222.SE), opens new tab is in talks with U.S. firms Tellurian (TELL.A), opens new tab and NextDecade (NEXT.O), opens new tab on two separate liquefied natural gas (LNG) projects as the Saudi firm seeks to boost its gas trading and production, three sources close to the talks told Reuters.U.S. gas production has boomed over the past decade with oil majors and Aramco's rivals such as Qatar Energy competing to build several projects to export gas to Europe and Asia.
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Rock Art Found in This Saudi Arabian Cave Offers ‘Rare Glimpse’ Into Ancient Human Life
Based on rock art and animal bones found at Umm Jirsan, the research team believe that the lava tube would have been a key location for livestock herders. The extensive cave art includes six animal herding scenes, 23 identifiable depictions of sheep, 15 of ibex, seven of goats, and two of cattle.
The evidence found at Umm Jirsan dates from the Neolithic (10,000 B.C.E.) to the Chalcolithic/Bronze Age (around 2,000 B.C.E.). The artifacts and rock art found at the site demonstrates that the site was occupied repeatedly and periodically by human groups for at least 7,000 years. -
U.S. expected to join E3 in Iran censure resolution
The United States and three European powers who were part of the 2016 Iran nuclear deal are expected to jointly circulate a resolution censuring Iran for insufficient cooperation with nuclear safeguards at the International Atomic Energy Agency (IAEA) Board of Governors meeting this week, despite U.S. concerns that the action could provoke an Iranian overreaction and will not result in a clear policy outcome.
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Saudi Flyadeal looks at adding Airbus or Boeing wide-body jets
Saudi budget airline flyadeal is studying a possible order for between 10 and 20 wide-body jets to carry more passengers, and could make a decision by the end of the year. The low-cost subsidiary of state carrier Saudia is in the early stages of comparing the Boeing 787 and Airbus A330neo, CEO Steven Greenway told Reuters. It has not yet started a formal competition between planemakers, he added.
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