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  • The Secret History of America’s Thirty-Year Conflict with Iran
     

    A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     
  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]

     
  • Obama authorizes secret U.S. support for Syrian rebels
     

    President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]

     
  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]

     
  • Wealth Management in the Middle East: Boon or Bust?
     

    Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]

     
  • Saudi Students Flood In as U.S. Reopens Door
     

    The more than 300 graduates gathered at a hotel overlooking the Potomac River were all from Saudi Arabia, part of a massive government-paid foreign study program to earn bachelor’s, master’s and doctorate degrees and return home to help run their country. “You are the best of the best, and the future of our country,” Saudi […]

     
  • Saudi consumer electronics market surges
     

    Saudi Arabia’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products is projected at $6.4 billion in 2012, Business Monitor International said in “Saudi Arabia Consumer Electronics Report Q2 2012″report. This is expected to increase to $8.2 billion by 2016, driven by the growing […]

     

MUST-READS

  • Saudi crown prince cancels G7 Summit attendance due to Hajj commitments

    Saudi Arabia’s Crown Prince Mohammed bin Salman has declined an invitation to attend a communication session of the G7 Summit in Italy on Friday. He sent a message to Prime Minister Giorgia Meloni thanking her for the invitation but said he is unable to participate because of his obligations to supervise the work of officials in the Kingdom during Hajj season, the Saudi Press Agency reported on Wednesday.

  • Wood Completes Preliminary Engineering For World’s Largest CCS Hub In Saudi Arabia

    Wood has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.

  • Risky Business: Saudi Arabia’s Oil Price Hike and Market Reaction

  • With New Crown Prince Kuwait Bucks Gulf Succession Trends

    It has been an eventful month for Kuwait driven by Emir Meshal al-Ahmed al-Jaber al-Sabah. On May 10 Meshal issued a decree suspending the Parliament, or National Assembly, for up to four years along with several constitutional articles concerning its authority. This unconstitutional action at least temporarily strips Kuwait of its legislative branch and its assertive – and at times counterproductive – Parliament. It also casts doubt on whether Kuwait will maintain its uniquely powerful elected assembly, and the political freedoms enjoyed by its citizens, or whether it will transition toward a more centralized and autocratic system reminiscent of other Gulf monarchies.

  • Ties with Saudi Arabia set to flourish as Kuwait names new crown prince

    The appointment of Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah as crown prince has been widely welcomed in Kuwait. Many observers see the move as historic and geared to shape the country’s future political direction. The appointment is expected to bring political stability and economic reforms needed to advance lagging national development plans. The crown prince also faces heavy expectations that he will help boost Kuwait's regional standing, notably embarking on a trip to Jeddah only days after taking office. 

  • Nuclear energy to boost education for young Saudis and foster sustainable high-tech industry

    Saudi Arabia is embarking on an ambitious program to develop peaceful nuclear energy that will have profound positive impacts on the energy industry and wider economy. According to the Ministry of Energy, Saudi Arabia is committed to a far-reaching nuclear energy program that will result in the construction of the Kingdom’s first nuclear power plants.

  • Saudi consumer behaviour is “radically changing”

    In my thirty five years of living and working in Saudi Arabia, the last decade has been a truly transformative period for the Kingdom, whether it’s on a societal or an industry level, the changes have been positive and impactful.

    The society as a whole has become very open and progressive, and yet still values its culture.

    The young generation respects the traditions of the past, but are not bound by it. They look to the future in a positive way, and feel that there are more opportunities available for them.

  • Ukraine’s Zelenskiy has ‘productive’ talks with Saudi crown prince

    Ukrainian President Volodymyr Zelenskiy said on Wednesday he had held "productive and energetic" talks with Saudi Crown Prince Mohammed bin Salman focusing on this week's "Peace Summit" in Switzerland and improving bilateral ties.
    Kyiv aims to build international support for a peace plan proposed by Zelenskiy that includes a full withdrawal of Russian troops from Ukraine and return to its 1991 post-Soviet borders.

  • Saudi Arabia’s ACWA Power Spearheads Energy Transition

    ACWA Power, a leading private developer, investor and operator with 77 power generation and water desalination projects to its name across Saudi Arabia, is driving sustainability and continues to be one of the Middle East’s energy transition leaders.

  • Saudi Women in the Spotlight of the Makkah Route Initiative at Casablanca Airport

    Saudi women have proudly represented themselves in various initiatives and at international forums. During the Hajj season of 1445 AH, many Saudi women from the General Directorate of Passports played a crucial role in serving pilgrims and streamlining procedures, ensuring quick completion of their travel procedures.