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  • Riyadh at Night
     

    The population of Riyadh, the capital city of Saudi Arabia, has risen dramatically in the last half century—from 150,000 in 1960 to 5.4 million in 2012. The city appears as a brightly colored patchwork in this nighttime astronaut photograph. The brightest lights, apart from those on the old Riyadh Airbase, follow the commercial districts along […]

     
  • Saudi firms top TRENDS CEO 2012 List
     

    There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]

     
  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]

     
  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     
  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     

MUST-READS

  • WTA signs multi-year partnership with Saudi PIF

    The Saudi Public Investment Fund (PIF) will become the first-ever naming partner of the WTA's rankings, the two organisations announced on Monday, as part of a multi-year partnership.
    The announcement marks the PIF's latest foray into tennis, after the men's ATP tour also signed a multi-year "strategic partnership" earlier this year.
    "Together, we look forward to sharing the journey of our talented players across the season, as we continue to grow the sport, creating more fans of tennis and inspiring more young people to take up the game," WTA Ventures CEO Marina Storti said in a statement.

  • IBM makes more AI models open source and lands Saudi Arabia deal

    International Business Machines (IBM.N), opens new tab on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic.
    The Armonk, New York-based company has taken a different approach to making money from AI than some of its rivals such as Microsoft (MSFT.O), opens new tab and others that are tightly guarding their AI models and charging for access to them. Similar to Facebook owner Meta Platforms (META.O), opens new tab, IBM is instead providing open access to the models themselves and on Wednesday opened its "Granite" family of AI models for companies to customize.

  • Blinken: Israel ‘may not be willing’ to accept Palestinian statehood for Saudi normalization

    Blinken confirmed in testimony to Congress that the United States is seeking a bilateral agreement with Riyadh that involves normalization with Israel. "We have sought to move forward in negotiating the bilateral US-Saudi aspects of a normalization agreement between Saudi Arabia and Israel. But even if we were to conclude those agreements — and I believe we actually can conclude them relatively quickly, given all the work that's been done — they could not go forward and the overall package could not go forward, absent other things that have to happen for normalization to proceed," the top US diplomat said. Read more: https://www.al-monitor.com/originals/2024/05/blinken-israel-may-not-be-willing-accept-palestinian-statehood-saudi#ixzz8axdXIPGk

  • US says Israel-Saudi normalisation needs Gaza quiet, talks on Palestinian rule

    Forging formal Israeli-Saudi relations as part of an emerging trilateral deal involving Washington would require a calming of the Gaza war and a discussion of prospects for Palestinian governance, the U.S. envoy to Jerusalem said on Tuesday.
    "There's going to have to be some period of quiet, I think, in Gaza, and there's going to have to be a conversation about how do you deal with the question of the future of Palestinian governance," ambassador Jack Lew said.

  • Saudi Arabia’s Future Aviation Forum tallies $19 billion in deals

    Leading the dealmakers was Saudia Group, which owns flag carrier Saudia Airline and low-cost flyadeal, announcing an order with Airbus on Monday for 105 narrow-body aircraft. The deal for an undisclosed price was described as the largest purchase ever from a Saudi airline. Saudia’s Airbus order was a setback for Boeing, which has yet to close a deal being negotiated with the kingdom’s new airline, Riyadh Air.

  • Saudi crown prince reassures nation about king’s health during Cabinet meeting

    Saudi Crown Prince Mohammed bin Salman made reassuring comments about King Salman’s health during a cabinet meeting on Tuesday, Saudi Press Agency reported. The king underwent medical tests at royal clinics at Al-Salam Palace on Sunday after he suffered from a high temperature and joint pain, SPA said. He was diagnosed with lung inflammation and prescribed a course of antibiotics as treatement at the palace in Jeddah.

  • Saudi Stocks Trail Emerging Peers for First Time Since Pandemic

    The Tadawul All Share Index is nearly 6% behind the MSCI Emerging Markets gauge so far this year, the first time it’s trailed in the period since 2020 when tumbling demand battered oil prices. Once again, Saudi shares are tracking a drop in crude, while authorities have reportedly scaled back the futuristic Neom development — a major driver for several sectors in the market in the past few years.

  • Blueprint Foresees Dramatic Expansion of Saudi Aviation Sector

    Sweeping new proposals for Saudi general aviation herald official government sanction that would increase airports, aircraft operators, and MROs for the sector, which includes business aviation. The roadmap—"Saudi Arabia: A New Global Hub for General Aviation"—anticipates tourism growing 2.5 times by 2030 and an overall SAR$365 billion ($97 billion) to be spent on tourism and aviation.

  • Saudi Arabia prepares for Riyadh Metro launch, more infrastructure to ease traffic

    Saudi Arabia is looking forward to the launch of the Riyadh Metro and expanding the infrastructure to facilitate traffic, said Minister of Transport and Logistics Services Saleh Al-Jasser. Speaking at the third edition of the Future Aviation Forum (FAF) 2024, Al-Jasser asserted Saudi Arabia’s keenness to apply the latest technologies for traffic management and legislative arrangements to improve traffic in Riyadh.

  • Saudi Aviation Industry Likely To Create 35,000 New Jobs by 2030

    Saudi Arabia's aviation sector contributed $21 billion to the Kingdom's gross domestic product in 2023 while generating an additional $32.2 billion in tourism receipts, positively impacting other key areas of the economy.

    "This transformation is one that we invite the world to share. We seek private sector partners with expertise to help us achieve our ambition," said Al-Jasser.