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  • NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
     

    Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports.  The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]

     
  • Long Taboo, Cinema to Return to the Kingdom of Saudi Arabia
     

    Saudi Arabia will relax its ban on cinema and film-related activities in the Kingdom, according to reports. The change didn’t come with an announcement, but rather, with an adjustment to a feature on the Ministry of Labor’s web portal for entrepreneurs, according to Arab News. Information on how to register for cinema licenses is now […]

     
  • SAGIA in Transition
     

    The Saudi Arabian General Investment Authority (SAGIA) was established in 2000 to be a major driver in the Kingdom’s efforts to liberalize its economy.  It has certainly fulfilled that role and over the last 14 years SAGIA has been a chief strategist, leading promoter and the administrative front office for the Kingdom’s business as Saudi […]

     
  • Saudi Arabia’s Labor Ministry Launches Web Site to Handle Complaints, Educate Workers
     

    Saudi Arabia’s Ministry of Labor has launched the online web portal www.laboreducation.gov.sa to educate expatriate workers on their rights and handle complaints systematically, Arab News reports. Launched on Tuesday, the site “aims to boost awareness about workers’ rights and the rules that regulate the relationship between the employee and employer in the Kingdom,” but the […]

     
  • Fahad Nazer in ‘Foreign Affairs’: Renewing Vows With Saudi Arabia
     

    The U.S. and Saudi Arabia “are ready to let bygones be bygones” as the two nations seek to coordinate in their efforts to fight the Islamic State, but “much will depend on the Obama administration’s ability to articulate a clear long-term strategy for the Middle East — and specifically for the two countries where ISIS […]

     
  • KAFD: Saudi Arabia’s ‘City Within a City’ Slated for Soft Opening as Kingdom Gears Up To Be Financial Hub of the Gulf
     

    A date has been set for a “soft opening” of Saudi Arabia’s King Abdullah Financial District, a mega project in Saudi Arabia’s capital city that has been under construction for years. Situated on the outskirts of Riyadh, the new development bears the name of a King who has steered a nation through a period of […]

     
  • SUSRIS: The Emergence of the GCC+4 Against ISIS
     

    SUSRIS.com shares an assessment of the surge in recent diplomatic activity from Gulf expert Theodore Karasik, Director of Research and Development at the Institute for Near East and Gulf Military Analysis (INEGMA) in Dubai.  “A day before the meeting in Jeddah, Saudi Arabia agreed to an American request to provide a base to train moderate […]

     
  • Female Saudi Student Abroad: ‘I can confidently claim that being able to drive has transformed my daily life’
     

    In an op-ed published by the Riyadh-based english daily Arab News, PhD student Hatoon Kadi writes that being able to drive while abroad in the U.K. “has transformed my daily life.” The post, entitled “Memoirs of a Saudi Ph.D. student: Convenience of owning a car,” was published in Monday’s edition of the newspaper. It is the latest […]

     
  • Arab States Offer Willingness to Conduct Air Strikes on Islamic State as CENTCOM Chief Visits Riyadh
     

    The U.S. has received offers from “several” Gulf allies to aid in airstrikes against the Islamic State, according to the New York Times and several other news outlets as US CENTCOM chief Lloyd James Austin III met with Crown Prince Salman in Riyadh today.  Following President Obama’s announcement that he would drastically increase strikes against Islamic State positions in Iraq, Secretary of […]

     
  • Analysis: Threat of ISIS, U.S. Diplomacy Help Re-build Tested U.S.-Saudi Ties
     

    For the U.S.-Saudi diplomatic relationship, what a difference 9 months makes.  Less than a year ago, a flood of analysts and commentators were debating whether the U.S.-Saudi alliance would survive what some were calling the lowest point in that relationship in decades.  But just 9 months later, with Secretary Kerry in Jeddah for talks on […]

     

MUST-READS

  • Saudi Arabia to Honor Pre-Islamic Arab Poets Via New Initiative

    Saudi Arabia’s Ministry of Culture has embarked on a new initiative that will see the Kingdom honor some of the greatest Arab poets to come out of the pre-Islamic period. As part of the landmark project, Saudi Arabia will document the historic sites where the renowned poets lived or were associated with them throughout their lives. The initiative—in collaboration between the Ministry of Culture, Ministry of Municipal and Rural Affairs and Housing, and Ministry of Transport—is an extension of 2023’s Year of Arabic Poetry, and seeks to confirm Saudi Arabia’s central position in Arab culture.

  • Dragon Ball Theme Park to Open in Saudi Arabia

    While anime fans might still be grieving over the recent loss of Dragon Ball creator, Akira Toriyama, it’s been heartwarming to see the community rally together and share their love for the beloved mangaka and his work through in-game and real life tributes. One piece of news that dropped recently that might perk everyone up is the announcement of the very first Dragon Ball theme park.

  • Petaholic.sa Announces Special Initiative to Support Stray Cats in Saudi Arabia

    Petaholic.sa, a leading organization dedicated to pets and their well-being in Saudi Arabia, is proud to announce a special initiative aimed at providing essential aid to stray cats across the country. Understanding the importance of animal welfare and the challenges faced by stray animals, Petaholic.sa is committed to making a positive impact in the community.

  • Tencent to expand cloud business in Saudi Arabia and UAE

    Tencent is planning to expand its cloud business in Saudi Arabia and the United Arab Emirates and will reportedly make "huge new investments" in data storage. The company's plans were revealed in a report by Bloomberg.

  • Saudi Arabia is not abandoning upstream investment

    The 13 million bpd capacity expansion plan would have cost Aramco $40 billion. A big focus area that was stressed by Aramco’s management this year is increasing gas production by 60 percent by the year 2030. The gas will mainly come from the Jaffoura basin and will help Aramco displace around 1 million bpd of liquids that are currently being burnt for power generation in the Kingdom.

  • Saudi Arabia’s $2 trillion gamble: Can Oil wealth fund tech revolution?

    It was just a few months ago that Saudi Sovereign Wealth Fund, PIF, had $676 billion in assets under management. As of the month of March, Saudi Arabia transferred a $164 billion stake in Aramco to PIF, propelling it to the second-biggest fund in the Middle East for an astonishing $925 billion. This is up from $595.6 billion in 2022 and is now resulting in PIF 16 percent ownership of Aramco.

  • Saudi Arabia to launch stratosphere space tourism by 2026

    In a move poised to revolutionize the global tourism industry, Saudi Arabia is set to become a hub for space tourism, providing adventurers the chance to venture into the stratosphere by 2026. This groundbreaking initiative, offered at a cost of $164,000 per person, is being facilitated by Halo Space, a Madrid-based pioneer in the field of space tourism founded in 2021. The company has chosen Saudi Arabia as one of its prime departure points, with a scheduled test flight in June marking a significant milestone ahead of commercial operations. This test flight, which has received conditional approval from Saudi Arabia’s Communications, Space & Technology Commission, will be Halo Space’s sixth, reaching an altitude of 32km above the Earth.

  • Saudi Arabia’s NEOM unveils massive lagoon resort ‘Treyam’

    Saudi Arabia’s $500 billion futuristic mega-project NEOM has announced its latest tourism development - a massive luxury lagoon resort named Treyam. The resort will be located on the southern end of the Gulf of Aqaba and is being touted as a “gateway” for active and adventurous travelers.

  • World’s first ‘Dragon Ball’ theme park to be built in Saudi Arabia

    The world's first theme park devoted to the "Dragon Ball" universe of comics, movies, and games will be built in Saudi Arabia, the franchise owner said on Friday. The park, centred around the world of magical martial artist Goku and friends, will be part of the Qiddiya Investment Company's project near Riyadh, according to a release. The 500,000 metre project will feature rides and attractions in seven areas inspired by the series along with hotels and restaurants.

  • Franklin Templeton launches operations in Saudi Arabia

    US investment manager Franklin Templeton has launched its operations in Riyadh after being licensed by the Saudi Capital Market Authority. The company has obtained the “Managing Investments and Operating Funds” and “Advising” permits, the CMA announced on Wednesday. This move comes as Saudi Arabia is seeking to attract more foreign businesses to open up offices in the Kingdom, as part of its economic transformation initiative Vision 2030.