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  • FocusKSA Video: Former U.S. Ambassador to Saudi Arabia James Smith on the King Abdullah Scholarship Program
     

    The number of students participating in Saudi Arabia’s King Abdullah Scholarship Program has skyrocketed over the past decade from around 2,000 students in 2002 to over 80,000 today, comments former U.S. Ambassador to Saudi Arabia James B. Smith. In a recent FocusKSA (a joint Saudi-US Trade Group/SUSRIS.com initiative) interview with Pat Ryan, SUSRIS Editor-in-Chief, former U.S. […]

     
  • ‘A New Page’ for Diplomacy between Saudi Arabia and Iran?
     

    In what may be another step in a growing thaw in Saudi-Iranian relations, Iran’s Deputy Foreign Minister Hossein Amir Abdollahian visited Jeddah, Saudi Arabia on Tuesday and met with Saudi Arabia’s Foreign Minister, Prince Saud al Faisal. In remarks to Reuters following the meeting, Abdollahian said that both countries agreed that “a new page” was […]

     
  • Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
     

    Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]

     
  • Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
     

    It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]

     
  • ‘Clash of Investment Cultures’ Awaits Foreigners in Saudi Stock Market
     

    Marwa Rashad and Andrew Torchia report on the impact on the Saudi stock market in the wake of the announcement that the Tadawul will open to foreign investors, and interview stock trader Mohamed al-Otaibi on his current “shorter-term approach” to investing in the market:

     
  • Why Saudi Arabia is ‘The Next Big Thing’ for Global Investors
     

    Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the “next big emerging market” following the announcement of the TASI opening to foreign investors. That report cited Saleem Khokhar, head of equities at the National Bank of Abu Dhabi’s asset management group, as saying that the market is “deeply liquid…with lots […]

     
  • Saudi Tadawul Surges in Wake of Opening Announcement
     

    The recent announcement that the Saudi Stock Market will open to foreign investors is causing a surge in the market for investors, according to a report in Bloomberg:

     
  • Saudi Women’s Share in the Kingdom’s Commercial Activity Records a Sharp Increase
     

    According to a recent report in the Saudi Gazette, the Kingdom’s women are increasing their share in Saudi Arabia’s private sector commercial activity, the Ministry of Commerce and Industry said in an annual report: The latest in an uptick in female involvement in the workplace, the news follows another report in the Saudi Arabic-daily OKAZ […]

     
  • Turning the Corner on MERS
     

    When the spread of the deadly coronavirus MERS started making headlines on a daily basis in the Spring, international concern began to mount that the Saudi government wasn’t doing enough to contain the virus. New confirmed cases started emerging in other countries in the region, even reaching the United States. As the death toll mounted, […]

     
  • Over 43% of the World’s Natural Gas is in the Middle East, According to BP
     

    43% of the world’s natural gas reserves are in the Middle East region, a June 2014 report by energy company BP found. The BP Statistical Review of World Energy June 2014 found that 80.3 trillion cu/m of natural gas sits under countries in the Middle East. The annual report by BP published every June noted […]

     

MUST-READS

  • The Survivor Species

    Cows, here and across much of Africa, have been the most important animal for eons — the foundation of economies, diets, traditions.

    But now grazable land is shrinking. Water sources are drying up. A three-year drought in the Horn of Africa that ended last year killed 80 percent of the cows in this part of Kenya and shattered the livelihoods of so many people.

    In this region with the thinnest of margins, millions are being forced to adapt to climate change — including those who were now drawing numbers from a hat, each corresponding to one of the 77 camels that had just arrived in Samburu County.

  • Riyadh Golf Club’s Kevin Duffield wins Race to Georgia World Final

    Kevin Duffield shot 34 points to win the GCC Division of the Race to Georgia World Final held alongside The Masters, at The Reserve Club, Woodside, Georgia, US. The other GCC finalists making the trip from the region were Yves Bouchard (The Els Club, Dubai) and Quentin Morel (Montgomerie Golf Club, Dubai).

  • Saudi Arabia’s “pride” at hosting the FEI Dressage World Cup Final 2024

    The finals will be held in the Arabian Peninsular for the first time, and this is a golden opportunity for our sport to shine in what has become one of the world’s most ambitious major events markets. The Riyadh International Convention & Exhibition Center will welcome global stars such as Henrik von Eckermann and Isabell Werth as well as home favourite Abdullah Alsharbatly between today’s opening rounds in Dressage and Jumping and the medals being awarded on Friday and Saturday.

  • Russia told OPEC it would export less oil. It’s actually exporting more

    Bloomberg reports that outgoing Russian oil shipments hit nearly 4 million barrels a day this week. That would be the highest level since May of last year. Russia broadcast last month that it would soon be cutting exports by 121,000 barrels a day from the levels of last May and June, but so far this year exports are actually higher than that.

  • Mideast missile duels have cost US Navy nearly $1B, secretary says

    The U.S. Navy is nearly $1 billion in the hole after defending Israel from Iranian missiles last weekend and fighting off Houthi attacks on Red Sea shipping since October, the service’s secretary said Tuesday in a bid to convince House lawmakers to approve $95 billion in supplemental funding.

    “I would argue that the President's budget numbers are adequate, but that's also prior to the attacks that we've just had this weekend alone, for example. So we are now closely approaching $1 billion in expenditures for munitions that we need paid back by the supplemental,” Carlos Del Toro told senators during a Senate Appropriations subcommittee hearing.

  • Opinion: The Question Of Iran For Saudi Arabia

    GCC countries have long since learned to watch Iranian actions, not listen to its words, when judging its behavior. And Tehran’s actions in Syria, Lebanon, Iraq and particularly in Yemen, even after the reestablishment of diplomatic ties, have confirmed its malign intentions toward the Gulf. Ayatollahs Khomeini and Khamenei have often and directly criticized the governments of the GCC as being illegitimate, as do their proxies across the Arab world.

  • Heavy rain lashes in Eastern Province while near zero-visibility in Qassim and Riyadh

    Moderate to heavy rainfall, accompanied by high-speed winds, hailstones, and torrential rain, witnessed in many cities and governorates of the Eastern Province on Monday amid forecast of the possibility of extending rain depression, which struck parts of the Sultanate of Oman and the United Arab Emirates, to the region.

  • Top Saudi diplomat says Mideast can’t afford more conflict amid Iran-Israel tensions

    Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan said on Tuesday that the Middle East cannot afford further conflict, amid heightened tensions between Iran and Israel.

    Speaking at a press conference with his Pakistani counterpart during a visit to Islamabad, Prince Faisal urged all parties to prioritize de-escalation.

    Over the weekend, Iran launched hundreds of drones and missiles, including from its own territory, targeting Israel in retaliation for a deadly strike on Iran’s consulate in Damascus on April 1.

  • Riyadh eyes significant investment in Pakistan, Saudi FM says

    Saudi Arabia's foreign minister said on Tuesday that Riyadh will be "moving ahead significantly" to invest in projects in Pakistan, days after Islamabad announced that the Kingdom had pledged to expedite $5 billion in investment.
    Prince Faisal bin Farhan bin Abdullah arrived in Islamabad on Monday to lead a delegation on a two-day visit as part of efforts to boost economic cooperation.
    His Pakistani counterpart Ishaq Dar told a joint news conference that Pakistan gave extensive briefings to the delegation on potential investment projects.

  • Saudi’s Neom Hunts for More Cash for $1.5 Trillion Desert City

    Neom has appointed banks including HSBC Holdings Plc and the securities units of Al Rajhi Bank and Saudi National Bank to advise on the sale of Islamic bonds, or sukuk, the people said. The debt would be denominated in the local currency and could raise as much as 5 billion riyals ($1.3 billion), they said, asking not to be identified as the information is private.