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The Saudi Economy 2013 and Investment Opportunities – CIT
The Committee for International Trade is active in many countries promoting Saudi trade. In the United States it is a primary organizer of the US-Saudi Business Opportunities Forums that have been held in Chicago (2010) and Atlanta (2011). The third in this series will be announced soon. The Secretary General of CIT, Mr. Omar Bahlaiwa, […]
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2013 SACM Career Fair to Begin May 24 at the Gaylord Hotel, will host at least 8,000 Graduates
SACM’s Career Fair will take place on May 24th, 2013 at the Gaylord National Harbor just outside of Washington, D.C., according to the Saudi Cultural Attache’s Office at the embassy in Washington. The joint graduation and career fair is an impressive event, in which graduating Saudi students descend on the U.S. capital to celebrate their […]
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Incredible Photos from North Dakota’s Oil Boom
For fans of high quality photographs, Alan Taylor’s In Focus blog hosted at TheAtlantic.com is worth following. Taylor regularly compiles stunning images on a wide range of subjects, and most recently had excellent posts on the conflict in Mali, the do-it-yourself weapons of Syrian rebels, one man’s journey to Iran, and many others. The blog’s latest collection […]
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Cyberattacks are nation’s top security threat
Yesterday, Director of National Intelligence, James Clapper, testified before the Senate Intelligence Committee’s annual hearing on worldwide threats. Mr. Clapper prioritized the threat of cyber attacks above all other threats. “Our statement this year leads with cyber, and it’s hard to overemphasize its significance,” said Clapper, reading a statement on behalf of himself, FBI Director […]
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Al-Rabiah to Promote Saudi Auto Industry in U.S.
The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]
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Top 10 Salaries In Saudi Arabia
The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional. The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.
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Saudi Youth Filmmaking on the Rise
Social media continues to catalyze Saudi Arabia in unpredictable ways. Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’ Short videos – some 36 seconds at maximum – have proliferated. While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]
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Saudi Prince Alwaleed Joins Twitter
HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter: The Private Office of HRH Prince Alwaleed Bin Talal […]
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Lockheed Nets $253 Million Training Contract
US-based Lockheed Martin will provide Virtual Training Technologies in support of Saudi Arabia’s F-15SA Modernization Program. The news comes on the heels of a recent announcement that the company had set up a branch in Riyadh on February 8th. — According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract […]
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Keystone: Saudi Arabia’s First Idea Translation Lab
Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment. Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education. The KAUST […]
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MUST-READS
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Jonathan Rynhold: Israel’s Divided Politics
At the beginning of this war, there was a very strong, unified sense of purpose. It was very clear to all Israelis, not only Israeli Jews, but also Israel's Arab citizens, what Israel needed to do. It needed to defeat Hamas and it needed to use a lot of military force to do that. That kind of bound the country together. The horizon of what you do afterwards was a long, long way off. Over the last few months, we have approached the critical elements where there is more disagreement.
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Opinion: The US-Saudi Nuclear Agreement: Regional Implications
Saudi Arabia’s nuclear energy ambitions have been relatively slow compared to the UAE. After establishing the King Abdullah City for Atomic and Renewable Energy in Riyadh in 2010, Saudi officials announced plans to construct 16 nuclear reactors to generate 20 percent of the kingdom’s electricity by 2032. By 2017, the Saudi National Atomic Energy Project outlined a civil nuclear program featuring large nuclear power plants, small modular reactors, and fuel cycle activities. Despite this ambitious vision, progress on small modular reactor projects has been slow, with plans now including just two large nuclear power reactors.
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Tiger Woods on state of PGA Tour-Saudi negotiations: “We all want the same thing”
In a wide-ranging if brief media session on Tuesday morning, Tiger Woods touched on a range of topics, and Woods’ prevailing emotion was optimism … whether or not it’s grounded in reality. Woods is attempting two distinct, extraordinarily difficult feats: returning to major-winning ways after catastrophic injury at age 48, and trying to hold together a professional game that appears in danger of fracturing completely in two.
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Hajj 2024: Saudi Arabia braces for extreme heat
This year's Islamic Hajj pilgrimage — which starts on June 14 — will not only be a once-in-a-lifetime experience for some 2 million Muslims from around 180 countries who travel to Saudi Arabia, it will also be a physical challenge as temperatures will be above average. "The expected climate for Hajj this year will witness an increase in average temperatures of 1.5 to 2 degrees [Celsius] above normal in Mecca and Medina," national meteorology center chief Ayman Ghulam said last week. For Mecca, which is at the heart of the five-day Hajj pilgrimage, the increase likely spells an average temperature of around 44 degrees Celsius (111 degrees Fahrenheit).
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Saudi Arabia plans to upgrade 113 water projects
The Saudi government-backed National Water Company (NWC) is seeking private investment this year to upgrade 113 existing water and sewage treatment plants, which will have a total capacity of 2.4 million cubic meters per day.As part of its long-term operation and maintenance programs, NWC signed a 15-year contract worth $148 million (Dh543 million) with Spain’s Aguas de Valencia Company to rehabilitate, operate, and maintain sewage treatment plants in the Taif region.
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Saudi Aramco announces completion of secondary share sale for $11.2 bln
Saudi Aramco (2223.SE), opens new tab has completed a secondary share sale raising $11.23 billion, the oil company and the Saudi government said in a statement on Tuesday.
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Over a year in making, Aramco stake sale brings rare foreign investment to Saudi
Saudi Arabia began preparing more than a year ago to sell a new chunk of state oil giant Aramco (2222.SE), opens new tab, targeting foreign investment that has lagged goals for years and is needed for an ambitious economic transformation.The preparations led by CEO Amin Nasser paid off.Over half of the $11.2 billion Aramco shares were sold to foreign investors, a far cry from five years ago, when they largely shunned its $29.4 billion initial public offering, citing concerns about risks around governance, regional geopolitics and the environment.
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Saudi Utility Plans $1.9 Billion Stock Sale to Fund Spending
Saudi Arabia’s Acwa Power Co. is planning to raise 7.1 billion riyals ($1.9 billion) by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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AI, Advanced Technology the Focus of Tahnoun Visit
UAE National Security Advisor Tahnoun bin Zayed al-Nahyan’s recent visit to the United States underscores nascent U.S. success in persuading the UAE of the benefits of partnership and access to advanced technology and the risks of sticking with legacy Chinese tech partnerships.
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The Gulf Cooperation Council and the Countdown to Net Zero
One of the most important outcomes of COP28 was the first global stocktake, which reviewed what had been achieved on climate action since the 2015 Paris Agreement and identified the gaps. It recognized that by 2030 global greenhouse gas emissions need to be cut by 43% from 2019 levels to limit global warming to 1.5 degrees Celsius. The findings will form the basis for stronger climate action plans due to be submitted by all parties by 2025.
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