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  • Education, Women’s Empowerment and Change
     

    There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30. Some of that increase has been through splitting up existing, very large universities, like King Abdul Aziz University, into more manageable sizes. […]

     
  • Saudi car sector to accelerate
     

    Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term, the National Commercial Bank said in its report on the Kingdom’s automotive sector released Wednesday. It noted that rising income […]

     
  • The Importance of Economic Diversification for Saudi Arabia
     

    In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]

     
  • Saudi Arabia names Defense Minister Prince Salman new heir to throne
     

    Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies.

     
  • Saudi Arabia mourns death of Crown Prince Naif
     

    The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city. Muslim leaders from across the world started arriving in Jeddah on their way to Makkah to […]

     
  • Saudi Crown Prince Nayef dies
     

    Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran readings as an expression of […]

     
  • Five Facts About Saudi Arabian Horses
     

    The 2012 London Olympics have had many controversial headlines in the news about horse sports and Saudi Arabia. With that in mind, many people know about the Arabian horse’s influence in modern Thoroughbreds and equestrian athletics, what about a country these horses originate from? Interestingly, the country of Saudi Arabia is full of horse-related facts […]

     
  • Jadwa Investments May 2012 Inflation Report for Saudi Arabia
     

    Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011. Jadwa noted that the decline “was due to a fall in inflation for ‘other expenses and services,’ which stems from lower gold prices.”

     
  • Saudi Arabia remains largest takaful market
     

    The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]

     
  • Jadwa Chartbook June 2012: Sectoral Performance
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]

     

MUST-READS

  • UN Security Council backs plan for Israel-Hamas ceasefire

    The United Nations Security Council on Monday backed a proposal outlined by President Joe Biden for a ceasefire between Israel and Hamas in the Gaza Strip and urged the Palestinian militants to accept the deal aimed at ending the eight-month-long war.
    Hamas welcomed the adoption of the U.S.-drafted resolution and said in a statement that it is ready to cooperate with mediators over implementing the principles of the plan.

  • Saudi Arabia to enforce ban on working under direct sunlight

    Authorities in Saudi Arabia will begin enforcing a ban on working under direct sunlight for all private sector establishments from 12 PM to 3 PM, starting Saturday, June 15, 2024, until September 15, 2024. The ban will be implemented by the Ministry of Human Resources and Social Development, in collaboration with the National Council for Occupational Safety and Health.

  • Saudi mining reforms garner global recognition for investment-friendly environment

    Saudi Arabia mining sector reforms have seen it recognized as the fastest-growing regulatory and investment-friendly environment globally over the past five years, a new report stated. MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.

  • Hamas says it accepts UN-backed Gaza truce plan, US cites ‘hopeful sign’

    Hamas accepts a U.N. resolution backing a plan to end the war with Israel in Gaza and is ready to negotiate details, a senior official of the Palestinian militant group said on Tuesday in what the U.S. Secretary of State called "a hopeful sign".
    Conversations on plans for Gaza after the Israel-Hamas war ends will continue on Tuesday afternoon and in the next couple of days, Secretary of State Antony Blinken said in Tel Aviv after talks with Israeli leaders. "It's imperative that we have these plans."

  • Air Force’s Mideast drone unit eyes a ‘stateside element’

    Launched in October 2022 as an experimental unit, the task force has already used some of its new drones in Middle East operations, and is testing out new ways of quickly manufacturing cheap drones with artificial intelligence. “We absolutely started to move into operationalizing this task force and we've really been pushing the limits here lately with autonomous operations, and quite frankly, we're on the cutting edge of artificial intelligence integration for small UAS [uncrewed aerial] platforms,” said Digsby, who took command of the task force just over a month ago.

  • Turkey-Kuwait Ties Grow Amid Regional Balancing

    On his first visit outside the Arab world since taking office in December 2023, Kuwaiti Emir Meshal al-Ahmed al-Jaber al-Sabah was accompanied by a delegation of high-ranking officials to Ankara, where Turkish President Recep Tayyip Erdogan awarded him the Order of State medal. The May 7 visit, which coincided with the 60th anniversary of Turkish-Kuwaiti diplomatic relations and was the first by a Kuwaiti emir in seven years, underscored the two countries’ low-profile yet growing relations.

  • Saudi crude oil exports to China to fall for 3rd straight month in July, sources say

    Saudi crude oil exports to China will fall in July for a third straight month to about 36 million barrels amid plant maintenance and as some refiners opted for other sources of cheaper oil, several trade sources said on Tuesday.
    The reduction underscores the challenge the world's top oil exporter faces in maintaining market share in the world's largest crude import market.
    July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, the sources said.

  • Opinion: ‘The Line’ in Saudi Arabia Is a Spectacle, but That Doesn’t Make It Smart

    While Saudi Arabia’s decision to build a very tall linear city may seem bizarre, there are clear benefits to stacking buildings atop one another and connecting them with walkways at different heights and transit lines. Residents can get from one end of the city to the other in just 20 minutes without ever setting foot in a car.

  • Saudi Arabia, Brazil Hope to Kindle Investment With Deeper Ties

    Their relationship started with chicken exports in the 1970s. And now the bond is becoming a way for the Global South heavyweights to diversify their trade ties and insulate their economies from geopolitical risk.

  • Saudi Arabia’s move to allow non-Saudis to set up law firms

    In a post on its X platform, the NCC sought opinion of the public with regard to a proposal by the Ministry of Justice for a project to amend the first paragraph of Article 50 of the Kingdom’s Code of Law Practice. The amendment aims to allow foreign law firms, licensed to practice the profession in the Kingdom, to establish a professional company, wholly owned by non-Saudis, to provide legal advice in Saudi regulations, and to plead before the courts in accordance with the controls specified by the regulations, through a Saudi lawyer registered in the register of practicing lawyers.