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2015 SACM Graduation Ceremony and Career Fair Dates Announced, Venue Confirmed
The 2015 Saudi Arabian Cultural Mission’s (SACM) Graduation Ceremony and Career Fair dates are set for Friday, May 22, 2015, to Monday, May 25, 2015 at the Gaylord Hotel National Harbor just outside of Washington, D.C. The 7th annual SACM event has two main components, a career fair connecting graduating students with job opportunities from […]
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Following Huge Dip, Saudi Markets Rebound on Government’s Spending Plan
Saudi Arabia’s markets rebounded on Wednesday in response to the Government’s spending intentions in 2015, several news outlets reported today. Olzhas Auyezov of Reuters reports that markets reacted well to the Government’s plan, rebounding 4.2 percent “in a broad rally which included the petrochemicals sector.” The increase was echoed around the region as markets in […]
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Saudi Arabia’s Sheikh Ahmad al-Ghamdi Brings Unveiled Wife onto TV to Reiterate Women are Not Required to Wear the Niqab, Sparking Debate, Mufti Response
Saudi religious figure Sheikh Ahmad al-Ghamidi has stoked debate in Saudi society and piqued interest in foreign observers of the Kingdom and advocates of women’s rights, by appearing on Saudi television with his wife to reiterate the acceptability of unveiled women in the eyes of Islam, according to media reports. Al-Ghamidi appeared on “Badria,” a talk show […]
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Ashmore Investment: Decline in oil revenues has a ‘clear silver lining’ for Saudi fiscal policy
In Ashmore’s recently released weekly report, the investment firm points to a potential “silver lining” in the drop in oil’s price for Saudi fiscal policy: the drop might at last bring “meaningful fiscal discipline” for the Saudi 2015 budget and beyond. “The first ‘winner’ to emerge from falling oil prices is rationality,” writes John Sfakianakis, Regional Director for the […]
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Prince Muhammad bin Naif Meets with Obama, Biden at White House as Republican U.S. House Majority Leader McCarthy Visits Saudi Arabia
U.S. House of Representatives majority leader Kevin McCarthy met in Riyadh with Crown Prince Salman and Deputy Crown Prince Muqrin, the Saudi Press Agency reported. The visit comes on the heels of Prince Mohammed bin Naif’s meetings in Washington last week. The Minister of Interior of the Kingdom of Saudi Arabia met with several officials in the […]
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Jadwa Chartbook: Saudi Economic Data Show ‘Signs of Cooling’ in Economy
Jadwa Investment’s latest Chartbook monthly economic report said the Saudi economy showed signs of cooling with the non-oil Purchasing Managers Index (PMI) dipping lower following a 39-month peak in the previous month. Data on consumer spending also showed a seasonal decline, according to the Jadwa Investment report. Additionally, “bearish oil markets continued to affect sentiment […]
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With Hagel Out, Obama’s Next Appointment for Defense Secretary Will Have an Impact on U.S.-Saudi Relations
Just days before President Obama announced in the White House Rose Garden that his Secretary of Defense Chuck Hagel would resign, Hagel met with Saudi Arabia’s Prince Miteb bin Abdullah – a rising star in Saudi Arabia at the Pentagon. With Secretary of Defense Chuck Hagel set to resign, all eyes in the Middle East and […]
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Al-Ahsa Attack Linked to Islamic State, Up to 77 Now Held
Saudi authorities said on Monday the gunmen who attacked Shi’a citizens in the Dalwah village of the Al-Ahsa region in the Eastern Province are linked to the Islamic State group, including several jailed previously over suspected extremist ties. According to comments made by Saudi Arabia’s Gen. Mansour al-Turki, the head of the network operating in […]
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After Meetings with Obama and the Pentagon, Saudi Prince Miteb Bin Abdullah Touts US-Saudi Military Cooperation
Saudi Arabia’s visiting National Guard Minister, Prince Miteb bin Abdullah, visited Washington, D.C. last week in a push to “strengthen bilateral cooperation in various sectors, especially between the Defense Department and the Saudi National Guard,” according to reports in the Arab News and the Eurasia Review. Additionally, Miteb said that Saudi Arabia will receive Black Hawk […]
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Could a Trans-Asian Railway Further Boost Growing Saudi-China Trade?
China has reportedly “set a comprehensive economic strategy for linking the country to major economic countries in Asia, including Saudi Arabia, through a railway,” a report in Zawya finds, citing a local paper. With Saudi-Chinese trade exchanges reaching $74 billion last year and estimated to soar up to $100 billion in the next five years, the […]
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MUST-READS
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Esports World Cup: Everything you need to know as Saudi Arabia gaming extravaganza begins
Starting tonight in Riyadh, the event will run for nearly eight weeks until August 25 and replaces the Gamers8 festival with a grander vision and bigger ambitions. It has a combined prize pool of more than $60 million, setting a new benchmark for esports. The Esports World Cup will feature 22 competitions across 21 different video game titles. It begins in Riyadh's Boulevard City with an opening show which will be streamed live on the official website.
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Prince Khalid bin Salman, Erdogan discuss ways to enhance bilateral ties
Prince Khalid bin Salman and his accompanying delegation arrived in the Turkish capital of Ankara on Tuesday for an official visit, following the directives of the Saudi leadership. Upon the arrival at Ankara’s Esenboga Airport, the Saudi minister was accorded a warm welcome by President of the Turkish Defense Industry Agency Prof. Haluk Gorgun, along with several high-ranking officials.
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Esports World Cup fever in Saudi Arabia as contest kicks off with biggest prize pool
The much-anticipated Esports World Cup (EWC) was officially launched Tuesday night in Saudi Arabia’s Riyadh, hours before teams from across the globe join the weeks-long competition.
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Saudi Arabia Led Big Drop in Global Seaborne Oil Flows in June
Global seaborne flows fell by about 1.08 million barrels a day, according to ship-tracking data compiled by Bloomberg. The month-on-month drop was the biggest this year and about half of the decline came from the kingdom.
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Saudi non-oil activity grows at slowest pace in 2 1/2 years, PMI shows
Non-oil business activity in Saudi Arabia expanded at its weakest pace in 2 1/2 years in June as new orders slowed further, although the sector still grew at a healthy clip, a survey showed on Wednesday. The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index fell to 55.0 in June from 56.4 the previous month, and was the lowest reading since January 2022, although it was still well above the 50-level which indicates growth in activity.
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ZATCA Releases Guidelines For Regional Headquarters In Saudi Arabia
On 14 April 2024, the Zakat, Tax, and Customs Authority (ZATCA) released comprehensive guidelines for regional headquarters in Saudi Arabia. These guidelines, available in English and Arabic, provide detailed explanations of regulatory provisions, accompanied by practical examples illustrating the application and utilization of the tax incentives.
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How to Open a Virtual Office in Saudi Arabia? A Step by Step Guide.
Saudi Arabia has a growing population and extensive economy in the Middle East and Asia. The country has a rapidly growing demand for products retail and services. They offer multiple opportunities for various businesses to fulfill their demand and needs. However, the latest technology and business emerging trend is the virtual workspace is also entered in the Saudi Kingdom. In this article, we define how to open a virtual workspace or Virtual Office in Saudi Arabia.
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Saudi liner newcomer targets fleet growth with Bahri deal
Saudi Arabian liner newcomer Folk Maritime is pressing ahead with ambitious growth targets in a deal with Bahri Ship Management, a unit of the kingdom’s top shipping line, Bahri, to collaborate on technical shipmanagement, crewing and shipbuilding supervision of Saudi-flagged vessels. Under a memorandum of understanding Bahri Ship Management will support the Riyadh-based feeder operator led by former Hamburg Süd boss Poul Hestbaek with the aim of linking Saudi Arabia to regional ports across the Middle East and North Africa.
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Tourists’ spending in Saudi Arabia up 23% to $12bn
Tourism spending in Saudi Arabia saw an annual increase of 23 percent in the first three months of the year, hitting SR45 billion ($12 billion), according to new figures. Data released by the Saudi Central Bank showed that the balance of payments for travel – encompassing expenditures by foreign tourists visiting the country and spending by residents traveling abroad – posted a surplus of SR24 billion. This is a 46 percent increase on the first quarter of 2023.
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Saudi defense minister meets with Turkish president in Ankara
Saudi Arabia’s Minister of Defense Prince Khalid bin Salman was received by Turkish President Recep Tayyip Erdogan at the Presidential Palace in Ankara on Tuesday. During the meeting, the two officials reviewed relations between the Kingdom and Turkiye and ways to enhance them. They also discussed regional and international developments and efforts made with regard to them.
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