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  • Shifting Gender Norms in Saudi Arabia
     

    Though often caricatured as backwards and traditional, Saudi gender roles are undergoing a reconfiguration. Previously, the majority of Saudi women did not work outside of the home and relied on male relatives to manage many aspects of family life. Globalization and economic necessity, not necessarily liberal values, are propelling more Saudi women into work outside […]

     
  • C3 US-Arab Business Summit Set for October 6, 2014 in New York City
     

    Since 2012, C3 Summit, in collaboration with the US State Department, US Chamber of Commerce and the US Department of Commerce, has been producing US-Arab Summits focusing on healthcare, commerce and economic development between the Arab region and North America.   Given the continuing growth and importance of the business sector to both regions, C3 has developed the US-Arab […]

     
  • The Best SPA Photos from the Month of August 2014
     

    In the August edition of the 10 best photos from the Saudi Press Agency, Egypt’s President Sisi visits Saudi Arabia and performs the Umrah, Crown Prince Salman visits France and more. [CLICK HERE TO VIEW IMAGES FROM THE SPA FROM AUGUST 2014]

     
  • King Abdullah’s Message to the World: Destroy the Islamic State Before It Spreads to the West
     

    At a meeting for new diplomats in Riyadh, Saudi Arabia’s King Abdullah warned that the Islamic State (also known as ISIS or ISIL) may spread to Europe and the United States if it is not first destroyed in Iraq and Syria. According to the AFP/Yahoo, King Abdullah made the blunt remarks at a welcoming ceremony on Friday for […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia awards $31.7 billion Contracts in First Quarter 2024

    The value of awarded contracts witnessed an astounding surge during Q1’24 as the value reached SAR118.8 billion ($31.7 billion). This continues the impressive pace that was witnessed in 2023, which finished the year with SAR270.6 billion ($72.2 billion) in awarded contracts. The value of awarded contracts during Q1’24 grew by 79 percent YoY and marks the second highest value during a quarter on record since Q3’15, when it reached SAR147.1 billion ($39.2 billion).

  • Lucid gets up to $1.5 bln in funding ahead of electric SUV rollout

    Lucid Group (LCID.O), opens new tab said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker's shares jumped about 6% in extended trading after closing down 3.9% in the regular session.
    The deal comes just ahead of Lucid's planned production of its much-awaited Gravity SUV later this year and keeps the EV maker sufficiently funded till the fourth quarter of 2025.

  • Lebanon housing costs surge amid property crunch as conflict fears spark exodus, echoing 2006 war

    Panic set in among many residents following a recent strike near Beirut and the killing of a senior Hezbollah commander, reigniting fears of a wider conflict and prompting many to seek temporary accommodations in northern Lebanon and mountainous regions.

  • US personnel wounded in attack against base in Iraq, officials say

    At least five U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible new wave of attacks by Iran and its allies following last week's killing of senior members of militant groups Hamas and Hezbollah. Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. It was unclear whether the attack was linked to threats by Iran to retaliate over the killing of the Hamas leader.

  • US passes message to Iran not to escalate at ‘critical moment’ for Middle East

    The United States has been urging other countries through diplomatic channels to tell Iran that escalation in the Middle East is not in their interest, a State Department spokesperson said on Monday, at what Secretary of State Antony Blinken called a "critical moment" for the region. Blinken said Washington was "engaged in intense diplomacy, pretty much around the clock" to help calm tensions amid fears Iran is preparing a retaliatory strike against Israel.

  • Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices

    Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was $220.7 billion, up from $218.6 billion the year before. Profits in 2023 were $61.9 billion, nearly $5 billion higher.

  • Saudi’s small crude price hike for Asia shows bigger concerns

    Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief. Saudi Aramco , the kingdom's state-controlled producer and the world's largest oil exporter, raised its official selling prices (OSPs) for September-loading cargoes for Asian customers by less than expected. The benchmark Arab Light grade saw an increase of 20 cents a barrel to a premium of $2 barrel above the Oman/Dubai average, Aramco said in a statement on Monday.

  • Mandarin teachers get ready for Saudi Arabia

    A total of 175 Chinese language teachers for primary and middle schools will begin their careers in Saudi Arabia in mid August.  They will become the first batch of Mandarin teachers to serve in Saudi Arabia, honoring an agreement on enhancing cooperation in Chinese language education that the two countries made last year. They completed pre-service training at Tianjin Normal University from July 29 to Friday.

  • Saudi Arabia’s World Cup Playbook

    In many ways, the tournament will be the culmination of Saudi Arabia’s ambitions in the sport. Three years ago, the country’s powerful wealth fund bought Premier League club Newcastle United. Cristiano Ronaldo, one of the biggest names in the sport, joined local club Al Nassr for an estimated $200 million annual salary. Efforts to recruit Lionel Messi for $400 million a year didn’t pan out, but Brazilian Neymar and French striker Karim Benzema now play in the Saudi league.

  • Saudi Arabia’s tourism transformation is all about diversification: Video

    Religious tourism has long been a major driver for Saudi Arabia's economy. The government is now targeting growth in its wider travel and tourism industry, with potential gains for the private sector.