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  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     
  • Growing Domestic Demand threatens Energy Export Position
     

    “As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • Interview with Thuraya Al-Arrayed, Women Join Shura Council
     

    This month King Abdullah of Saudi Arabia kept his promise and appointed women to the Shura Council for the first time. The council is a non-voting, advisory body. But the inclusion of women is significant. Anchor Marco Werman speaks with Thuraya al-Arrayed, one of the Shura’s new female members.

     
  • Oil Exports, Politics and Propaganda
     

    Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     

MUST-READS

  • Who was Ismail Haniyeh and why is his assassination a blow to Hamas?

    Ismail Haniyeh, the Hamas leader who was killed in Iran, was the tough-talking face of the Palestinian group's international diplomacy as war raged back in Gaza, where three of his sons were killed in an Israeli airstrike. But despite the rhetoric, he was seen by many diplomats as a moderate compared to the more hardline members of the Iran-backed group inside Gaza.

  • Inside story: The assassination of a Hamas leader in Tehran

    The Iranian capital was quiet at night after the July 30 inauguration of President Masoud Pezeshkian, which brought scores of foreign delegations to Tehran. But at 1:45 am local time, shocked residents in the affluent north of the city reported the sound of a loud explosion. Within hours, Iranian authorities confirmed that Ismail Haniyeh, the visiting leader of the Palestinian Hamas movement’s political bureau, had been assassinated. A regular visitor in recent years, Haniyeh was in Tehran to attend the inauguration of Pezeshkian.

  • Saudi Arabia’s Q2 GDP shrinks by an estimated 0.4% y/y

    Saudi Arabia's real gross domestic product (GDP) shrank 0.4% year-on-year in the second quarter, preliminary data by the government's statistical authority showed on Wednesday, driven by a 8.5% decline in oil activities which has limited overall growth for several quarters. GDP had decreased 1.7% in the first quarter of 2024, as cuts to oil production have continued to weigh on the major oil exporter's economy.

  • Saudi Arabia Is Near End of Economic Slump Lasting Four Quarters

    Forecasts compiled by Bloomberg show the $1.1 trillion economy is set to return to growth in the third quarter with a gain of almost 4%, in what would be the biggest acceleration since the end of 2022. “We expect this to be the last quarter of deeply negative hydrocarbon sector growth,” said Carla Slim, an economist with Standard Chartered Plc.

  • Saudi Cabinet session praises Kingdom’s 2034 FIFA World Cup bid

    The Saudi Cabinet on Tuesday praised the submission of Saudi Arabia’s bid to host the 2034 World Cup, Saudi Press Agency reported. In a session chaired by Crown Prince Mohammed bin Salman, the Cabinet said the hosting of the World Cup would show the Kingdom’s determination to present an exceptional version of the major sporting event. The bid was submitted to FIFA officials in Paris on Monday by a delegation headed by the Saudi minister of sports, Abdulaziz bin Turki bin Faisal, and President of the Saudi Football Federation Yasser Al-Misehal.

  • An insight into the activities of Saudi Arabia’s General Authority for Competition – highlights of its 2023 annual report

    The Authority carried out a staggering number of 548 dawn raids in 2023, meaning an average of 2.2 dawn raids every business day. The Authority investigated 442 entities and ultimately indicted 186 of them.

  • Seizing Opportunities in Saudi Arabia’s Thriving Business Landscape

    Saudi Arabia's free zones have played a pivotal role in attracting foreign investment and fostering economic growth. These zones offer numerous benefits, including tax exemptions, streamlined regulations, and access to a skilled workforce.

  • Saudi commerce minister leads delegation to Korea

    Trade ties in light of the free trade agreement between the Gulf Cooperation Council and South Korea were discussed when a leading Saudi minister met the East Asian country’s prime minister.  As part of his three-day visit to the republic, Saudi Minister of Commerce Majid Al-Qasabi held talks with Han Duck-soo in Seoul. An FTA between South Korea and the GCC was signed in December 2023, with the East Asian nation agreeing to remove tariffs on almost 90 percent of all items, including liquefied natural gas and other petroleum products.

  • Kuwait’s Big New Offshore Oil Find

    Unlike its prolific onshore, Kuwait’s offshore had long been a desert for oil and gas. Now the country has changed that, reporting a large discovery at the Al-Nokhatha field, named for the captain of a dhow, the traditional Gulf ship. How useful is this for the country, and does it herald a turnaround in Kuwaiti petroleum?

  • Turkish-Saudi Normalization Grows Under Security Umbrella

    Saudi Arabia’s burgeoning political and defense cooperation with Turkey has attracted significant attention, especially following visits by these top Saudi officials, which have paved the way for the signing of key cooperation agreements. Turkish policymakers have hailed the pace of advancements in relations with Saudi Arabia, stating that 2024 could be a “golden year” in Turkish-Saudi economic ties. Beyond the aspirations of policymakers from both countries, evolving regional dynamics are providing critical support for the development of closer Turkish-Saudi relations.