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  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • 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 […]

     
  • Chart of the Day: A Short History of 200 Years of Global Energy Use
     

    If you want to tell the story of worldwide energy consumption over the past 200 years, you need three chapters. Chapter 1: The Coal Age. Chapter 2: The Oil Age. Chapter 3: The China Age. In the early days of industrialization, the use of biofuels such as wood declined as the West learned to live […]

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • Water Brings Green to Saudi Arabia
     

    Over the last two-and-a-half decades, a series of NASA’s Landsat satellites have captured these pictures of the growing agriculture industry in the northern reaches of the Syrian Desert in Saudi Arabia, not far from Jordan. Farmers use a technique called center-pivot irrigation to bring up water from below the desert floor to grow wheat and […]

     

MUST-READS

  • Saudi foreign minister holds call with Palestinian PM Mustafa

    Saudi Arabia’s foreign minister Prince Faisal bin Farhan held a phone call on Saturday with the Prime Minister of Palestine and Minister of Foreign Affairs Mohammed Mustafa, Saudi Press Agency reported. Prince Faisal congratulated Mustafa on his appointment to form the Palestinian government, and on assuming the position of Minister of Foreign Affairs. The prince also wished success for his state and the new Palestinian government in serving the Palestinian people in light of the difficult circumstances they face amid the Israel-Hamas war.

  • Saudi Arabia detain over 4,000 for misconduct at Grand Mosque during Ramadan

    Saudi Arabia has confirmed it arrested over 4,000 individuals since the start of Ramadan for engaging in negative behaviour within the Grand Mosque.
    Additionally, authorities have identified and shut down 35 fraudulent firms attempting to deceive foreigners with fake Umrah trip offers.

  • 10 things to look forward to in Saudi Arabia this April 2024

    Come April, we’re looking forward to the extra-long Eid al-Fitr weekend to take a well-deserved break. It’s a good time to catch up with family and friends with some new activities happening. Whether it’s kid-friendly attractions or a unique staycay with your loved ones, it’s time to kick things up a notch with these ten things to do in Saudi Arabia in April 2024.

  • PIF-owned SITE and Korean AhnLab forge cybersecurity venture for Saudi market

    The Saudi market is poised to benefit from advanced cybersecurity solutions through a new venture established by a Public Investment Fund-owned company and Korean firm AhnLab. Saudi Information Technology Co., also known as SITE, will hold a 75 percent stake in the local joint venture to be set up in the Kingdom, with the East Asian-based company holding the remaining 25 percent, according to a press release. The new entity is expected to be launched during the first half of 2024, subject to customary regulatory approvals and the fulfillment of certain commercial conditions, it added.

  • Saudi Arabia’s Israel strategy upended by anger over Gaza war

    Like many Saudis, Hisham feels deep solidarity with the Palestinian victims of Israel’s five-month offensive in Gaza — the reason for his choice of T-shirt. But the police response underscores the alarm emanating from the Saudi leadership, which before the war was nearing a deal to normalise relations with Israel. Now Saudi Arabia’s leaders worry about the threat posed by a prolonged conflict in Gaza to its chances of restarting that process, as well as to its ambitious plans for economic and social reform and the cohesion of the kingdom.

  • Opinion: Give Saudi Arabia a chance to prove itself as chair of UN Women’s Rights Forum

    For those who oppose the Kingdom no matter the progress they make in these areas, I go back to “dealing with the reality in front of you.” Regardless of if certain people or organizations strongly dislike Saudi Arabia, it is becoming one of the most influential nations in the world. That is simply a fact.

  • ‘The sword has a history among the Arabs’: Inside Saudi Arabia’s fencing scene

    Alhasna Al-Hammad, 20, is on the Saudi fencing national team and trains six times a week with her saber sword, balancing her dedication to the sport with the industrial engineering degree she is pursuing at Al-Faisal University. In 2019, Al-Hammad became the first Saudi female fencer in the country’s history to win a gold medal, achieving the feat at the 6th GCC Women’s Games in Kuwait City. A mont later she would become the first Saudi to win a gold Since then, she has participated in a number of world championships and added a bronze medal to her cabinet most recently from the 2023 Arab Games.

  • US has agreed to send more bombs and warplanes to Israel, sources say

    The U.S. in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah.
    The new arms packages include more than 1,800 MK84 2,000-pound bombs and 500 MK82 500-pound bombs, said the sources, who confirmed a report in the Washington Post.

  • Self-Checkout Revolutionizing Fast Fashion In The Middle East

    Consumers access the latest trends at an affordable price point. When the trend is over, they don’t feel bad about discarding these clothes, as they were inexpensive to begin with. It’s greatly boosted the already robust $1.7 trillion fashion industry. The experience of snapping up those on-trend pieces is now being redefined by a technological revolution that is taking the Middle East by storm – self-checkout

  • Perspective: The U.S. and Israel’s relationship is at a contentious balancing point

    The relationship between the U.S. and Israel has become touchy at this point during the war in Gaza following the Hamas attacks on October 7. The U.S. has openly urged restraint on Israel's military response. Israel's Netanyahu government was upset the U.S. did not veto a U.N. Security Council vote for a temporary cease-fire in Gaza. We're joined now by Princeton professor Daniel Kurtzer. He served as U.S. ambassador to Israel under President George W. Bush. And before that, he was U.S. ambassador to Egypt and worked in the State Department in the 1980s and '90s.