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  • 5 Things to Know about the TASI Opening
     

    Last month’s announcement that the Saudi Arabian stock market, known as the Tadawul or TASI, would open to foreign investment has created waves of optimism from news outlets to seasoned investors. Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi […]

     
  • Formidable
     

    Although many in the intelligence community assert that American (at least) foreign policy leaders had been alerted to the threat of re-emerging Sunni extremism in Iraq, the seemingly sudden appearance of ISIS (also Islamic State, IS, ISIL or Da’ish) in June 2014 has forced the United States along with its regional allies, Europe and even […]

     
  • Where are U.S. Airstrikes Bombing Islamic State Locations in Iraq From?
     

    Craig Whitlock in the Washington Post reports that recent U.S. airstrikes into Iraq on Islamic State targets are taking off from bases in Qatar and the UAE in addition to aircraft carriers in the Arabian Gulf, but neither government is directly admitting it at this time. That the U.S. is using Gulf allies as their […]

     
  • How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
     

    Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]

     
  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
     

    Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]

     
  • Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
    • August 5,2014
    • •
     

    Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.

     
  • 35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
     

    Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]

     
  • Europe’s Role in Bankrolling Terror Groups Around the World
     

    European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]

     
  • Strike hits shelter in Gaza
     

    He tweeted that coordinates of the shelter in Beit Hanoun had been provided to the Israeli army before the strike as a precaution, an effort to prevent a strike on it. The shelter is in an area in northern Gaza that has been the scene of tremendous violence recently.

     

MUST-READS

  • Saudi holdings of US Treasuries rose to $135.9B in March 2024

    Saudi Arabia’s holdings of US Treasuries reached $135.9 billion in March 2024, up $4.8 billion month-on-month (MoM), new data released by the US Treasury showed. The Kingdom maintained 17th place among the largest holders of US treasury securities for the month.   Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79% of the total, and short-term bonds worth $28.6 billion, accounting for 21%.

  • Baker Hughes To Expand Saudi Arabia Facility

    Baker Hughes is expanding its Industrial & Energy Technology (IET) Damman Center in Dammam, Saudi Arabia. Once completed, the expansion is expected to create 60 new jobs and will add capacity for the manufacturing and repair of compression trains and seal-gas and control panels. In addition, the expanded site will add capabilities for the manufacturing and testing of vibration monitoring systems and gears repairs.

  • L&T arm opens new manufacturing facility in Saudi Arabia

    Larsen & Toubro on Thursday said its wholly-owned arm L&T Valves Ltd has set up a new manufacturing unit in Saudi Arabia. The facility is strategically located at Al Jubail, off the Dammam-Abu Hadriyah Highway.

    L&T Valves is one of the largest suppliers of on-off valves to Saudi Arabia, the company said in a statement.

  • Saudi Arabia offers to buy part of Sharm El Sheikh from Egypt

    Ras Ghamila, which lies at the northern end of Sharm El Sheikh, is one of the resort town’s more upmarket locations, around 15km north of the central district surrounding Na’ama Bay. The local reefs are considered some of the most beautiful of Sharm’s fringing coral reef, and recently made headlines as the site of a Libyan-flagged LPG tanker stranding.

  • Saudi Arabia’s holdings in US treasuries rise to $135.9bn

    Saudi Arabia’s holdings in US treasuries increased for the eighth consecutive month in March, reaching $135.9 billion, a rise of 3.66 percent compared to the previous month. According to official data released by Washington, the Kingdom was ranked 17th among the largest investors in such financial instruments in March.

    The report noted that Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79 percent of the total. On the other hand, the Kingdom’s short-term bonds were worth $28.6 billion in March, accounting for 21 percent of the total value.

  • Princess Nourah University Organizes Scientific Conference on Conveying Saudi Identity across Languages, Cultures

    The conference aimed to contribute to achieving the first goal of the Saudi Vision 2030 related to enhancing Islamic values and national identity by conveying Saudi identity across languages and cultures and conveying the Kingdom's cultural, literary, historical, and civilizational heritage to the world. It also sought to raise awareness of the importance of languages, translation, and cultural studies in promoting and conveying the national identity to others, ultimately creating a competitive atmosphere among university students in the Kingdom to introduce their national identity through different languages and cultures.

  • Shamoon virus returns in Saudi computer attacks after four-year hiatus

    Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to several U.S. cyber security firms.
    CrowdStrike, FireEye Inc, Intel Corp's McAfee security unit, Palo Alto Networks Inc and Symantec Corp warned of the attacks, though they did not name any victims. They did not say how much damage had been caused or identify the hackers using Shamoon, which cripples computers by wiping drives used to start machines.

  • Saudi women are learning financial literacy and it’s helping the country grow

    While economic growth might be the overarching national motivation, international organizations are building programs that seek to empower individuals as well. The International Monetary Fund and World Bank have worked with individual countries to enhance financial literacy at the population level through targeted national programs, and the Organisation for Economic Co-operation and Development (OECD) has developed guidelines to support participating countries in improving financial literacy.

  • Dubai Advisory Setting Up Shop in Saudi Arabia Upbeat on FDI

    In a sign of the need for more capital, executives from so-called giga projects like Neom and Qiddiya were out in force this week at events in the capital city of Riyadh to pitch themselves to potential partners and investors. Neom also recently held a show-and-tell for bankers.

  • Saudi Interior Ministry launches digital ID service for Hajj pilgrims

    The Ministry of Interior launched the digital identity service for the Hajj pilgrims, who are arriving in the Kingdom from all over the world to perform the pilgrimage this year. The launch of the service is part of the efforts of the Saudi government to tap the potential of digital transformation and harness technology to serve the guests of God in a way achieving the goals of the Kingdom’s Vision 2030.