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  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Saudi tops in job creation in GCC
     

    The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]

     
  • Saudis Increasing Riyadh Water Supply
     

    With the bulk of Saudi Arabia’s drinking water coming from desalination plants, the country’s sky-rocketing population growth puts enormous demand on water supply. Arab News reports that a new desalination plant in the Eastern Province is gearing up to go online. When it is producing, it will nearly double the amount of water flowing into […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Internet in the Middle East Still Short of Its Potential
     

    Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Saudi to maintain oil supply if U.S. draws stocks
     

    Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. U.S. Secretary of State Hillary Clinton on Saturday in Riyadh sought an assurance from Saudi King Abdullah that the kingdom […]

     
  • Hillary Clinton: Time running out for diplomacy with Iran
     

    U.S. Secretary of State Hillary Rodham Clinton made clear Saturday that time is running out for diplomacy over Iran’s nuclear program and said talks aimed at preventing Tehran from acquiring a nuclear weapon would resume in mid-April. With speculation over a possible U.S. or Israel military attack adding urgency to the next round of discussions […]

     

MUST-READS

  • Opinion: Unless Biden exerts real pressure on Israel, Saudi Arabia will not normalize relations

    The Biden administration has for some time sought to dangle the prospect of Saudi recognition of Israel as part of an Israeli-Hamas cease-fire agreement that would also involve the terrorists’ freeing of Israeli hostages. It has been widely assumed that if Riyadh recognizes the Jewish State, it would do so under the umbrella of the Abraham Accords. For its part, the White House has made no attempt to dispel that assumption. Indeed, the administration initially appointed Daniel Shapiro, a former ambassador to Israel, as special envoy for the accords (he has since taken the slightly lower-ranking position as Deputy Assistant Secretary of Defense for the Middle East).

  • Saudi Arabia poised for new Aramco share sale -sources

    Saudi Arabia is poised to sell more shares of energy giant Aramco, three people familiar with the matter said, which could boost the country's funding and its aim to wean the economy away from oil. The government has lined up Citigroup, Goldman Sachs and HSBC for the sale, one of the people said, which could take place in the second or third quarter of this year, a second person said. The share sale could raise about $20 billion, according to Bloomberg, which first reported the news. The preparations are ongoing and the details could change, the people said. The government's communication office did not have an immediate comment. Aramco declined to comment.

  • Saudi Arabia’s sovereign fund bolsters ties with private sector at annual forum

    The PIF Private Sector Forum concluded on Wednesday and reaffirmed its commitment to foster strategic partnerships between the private sector Saudi Arabia’s sovereign fund and its portfolio companies. The second edition of forum held in Riyadh was attended by over 8,000 people who include princes, ministers, decision-makers, CEOs, and senior officials from both the public and private sectors.

  • Saudi Arabia’s Visionary Biotech Strategy: Leap Towards Global Leadership

    To reduce dependence on imported drugs, Saudi Arabia is focusing on localizing biomanufacturing. By reinforcing its domestic biomanufacturing platform, the Kingdom seeks to enhance self-sufficiency and facilitate the global export of biologics and biosimilars. The promotion of biosimilars adoption (>60%) is envisioned to make high-quality treatments more affordable and accessible to citizens. Recognizing the pivotal role of genomics in precision medicine, Saudi Arabia plans to expand its national genomic database and analytics platform. This initiative aims to foster research and improve disease prevention, with a strong focus on implementing policies that support genomics research and ensure effective access to genome data for more accurate diagnoses and interventions.

  • Saudi Arabia: Pilgrims urged to avoid crowding as Umrah peaks

    Saudi authorities have exhorted Muslims performing Umrah to avoid crowding as the minor pilgrimage season reaches its peak in the holy city of Mecca. The Ministry of Hajj and Umrah has urged the faithful to manifest altruism to head off congestion and jostling at the Grand Mosque, Islam’s holiest place.

  • Saudi ASaudi Arabia: Expat undercover vendors barred from Jeddah marketrabia: Expat undercover vendors barred from Jeddah market

    Saudi market authorities have barred non-Saudis illegally pursuing business from entering a wholesale vegetable market in the port city of Jeddah, according to a media report. The Public Market Management Department at the Saudi Ministry of Environment, Water and Agriculture in Mecca, has requested expatriates to show up with their employers in a restriction aimed to support efforts to localise jobs for Saudi citizens, news website Sabq has reported.

  • Catwalk aims to preserve Arabian leopards in Saudi Arabia

    Catwalk, an initiative organized by Catmosphere, serves as an annual celebration in honor of the declaration last year by the UN designating Feb. 10 as the International Day of the Arabian Leopard. Through a variety of social activities such as this, the nonprofit organization Catmosphere, founded by Princess Reema bint Bandar, aims to prevent the Arabian leopard from becoming extinct, to educate participants about the animal, and connect people with their environment.

  • Local content rate surges to 43% in Saudi Arabia , with a 20% jump in spending

    Abdulrahman Al-Samari, CEO of the Local Content and Government Procurement Authority, said that the growth rate of local content in Saudi Arabia has now reached 43 percent. The spending on content has increased by 20 percent. This is in addition to activating signed agreements to serve companies operating in the Kingdom, he said. Al-Samari made the remarks while addressing a dialogue session at the PIF Private Sector Forum in Riyadh on Wednesday. The dialogue session is titled “Supporting local content to empower the private sector.” Those who addressed the session also included Ma’aden CEO Robert Wilt, Managing Director of Cisco Salman Faqeeh, and Director of the National Development Division at the Public Investment Fund Jerry Todd.

  • Saudi Arabia aims to produce 500,000 cars by 2030: PIF Official

    In an interview with Al Arabiya on the sidelines of the second PIF Private Sector Forum, AlShiha stated that the PIF is working on five upcoming supply chain projects, and five international companies will begin operating in the Kingdom to produce parts for the Lucid, SER, and Hyundai factories. Ceer, Saudi Arabia’s first automotive brand to produce electric vehicles in the Kingdom, is currently working on engineering and designing cars, AlShiha said, expecting the designs to be announced soon. Ceer’s plant is under construction in King Abdullah Economic City (KAEC).

  • Alat: Spearheading Sustainable Technology Manufacturing with Clean Energy in Saudi Arabia

    Through strategic partnerships with international manufacturing and technology leaders, Alat endeavors to transform the global industrial landscape by offering sustainable solutions powered by clean energy. By manufacturing a diverse range of products across vital sectors such as robotics, communication systems, and digital entertainment, Alat aims to strengthen local innovation, research, and development while creating job opportunities and boosting economic growth.