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  • Saudi real estate market poised for new boom
     

    New programmes and the new mortgage system — approved by the cabinet in July and expected to take force in the next few weeks — will contribute to decreased land prices, realtors said. Land prices are expected to drop by 20%, especially in the central, eastern and western regions, according to realtors. Residential land prices […]

     
  • Jadwa September 2012 Chartbook – Construction Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Mitt Romney on Foreign and Middle East Policy
     

    This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.  The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]

     
  • Saudi per capita water consumption 91% higher than global average
     

    Per capita water consumption in Saudi Arabia is 91 percent higher than the international average, according to a new report by the country’s Saline Water Conversion Corporation (SWCC). Saudi Arabia is the world’s largest producer of desalinated water, accounting for at least 17 percent of the total world output. The Kingdom has invested nearly $25 […]

     
  • Jadwa September 2012 Saudi Chartbook – Real Economy
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Shoura Council to appoint 30 women
     

    Saudi Arabia is expected to appoint 30 women on the Shoura Council before the consultative body begins its next annual session. “The expectations are that up to 30 women will be appointed to the Shoura,” sources close to the council told Al-Sharq Arabic daily. The newspaper said that talks have already begun with several institutions […]

     
  • The Island of the Arabs
     

    So in 1954 when Aramco’s New York office decided to produce a feature film about Saudi Arabia and the company’s role in the kingdom, they chose Dick Lyford to direct it. The film called Island of the Arabs begins with the early geologists landing in Jubail and then exploring in the desert. While sitting around […]

     
  • Saudis gear up for new academic year
     

    Saudi students, parents and educators are preparing for the new academic year, which begins September 1st. Shaher al-Jeddawi, programme director at a public school in Jeddah, said introducing English language courses in fourth grade is a major step “towards raising the level of education in general”. “The project this year applies to 4,200 schools out […]

     
  • Saudi banks most profitable in Middle East
     

    Out of the top 50 banks in the Middle East ranked by assets for the period H1 2011, Saudi banks lead the pack “having a good track record of maintaining strong asset quality and adapting adequate lending practices and underwriting standards,” Sheetal Kothari, research analyst, business and financial services practice, Frost & Sullivan, said. The […]

     
  • Beware the Siren Call of Jihad
     

    There’s a full-court press, likely at the instigation of Saudi Arabia’s government, to discourage would-be jihadis from traveling up to Syria. Saudi Gazette/Okaz report that a wide array of authority figures are warning enthusiastic youths of the potential dangers and about how their brothers and cousins fell into traps in Afghanistan, Chechnya, and Iraq. Usefully, […]

     

MUST-READS

  • Saudi Arabian women and collective memories: a discussion with artist Manal AlDowayan

    Saudi Arabian artist Manal AlDowayan used to hate the word feminist. “I thought feminism was created for white, Western women, and their language didn’t include me,” she told me recently. Her work spans the range of photography, video, sound, sculpture and participatory practice. It is usually themed around the limitations and pockets of freedom that Saudi women have, as well as interrogating traditions, and collective memories. This has caused the art public to look at her as a feminist artist, and that’s also why her statement is quite surprising. “I think my grandmother was a feminist,” she clarified quickly. “Not through her sexual conduct or the way she dressed. Just by her resilience. She was a strong woman. Her husband died early and she had to raise 10 children alone. All of them became successful in their own right. She was amazing.”

  • Baker Hughes and Dussur inaugurate Saudi Petrolite Chemicals’ facility

    Baker Hughes and Dussur have formally inaugurated the previously announced joint venture (JV) chemicals manufacturing facility focused on providing oilfield and industrial chemicals in The Kingdom of Saudi Arabia (KSA). The facility will be known as the Saudi Petrolite Chemicals facility. The event commemorated the new facility which will increase KSA’s supply base targets of raw materials like solvents and glycols, as well as accelerate the development of manufacturing skills and capabilities of the local workforce. With faster delivery of fit-for-purpose chemical solutions, the facility is closer to customers and suppliers, creating efficiencies across the business. The new facility also builds on Baker Hughes’ continued strategy to source and produce chemicals in proximity to key demand hubs, as recently achieved with the Singapore chemicals manufacturing facility in 2022.

  • PGA political golf drama is Saudi’s Trump card

    The scrutiny over Saudi Arabia’s potential investment in golf is intensifying. U.S. lawmakers accused, opens new tab former Citigroup (C.N), opens new tab power banker Michael Klein and other consultants to the sovereign’s Public Investment Fund of siding with the Middle East nation. While the deal with the PGA Tour is in flux, delays could work in the Saudis' favor. Last week, a Senate subcommittee hauled Klein, McKinsey boss Bob Sternfels, Boston Consulting Group Chair Richard Lesser and Teneo Chief Executive Paul Keary in for a hearing on national security. The interrogation was prompted in part by a surprise June agreement by the PGA and former archrival PIF-backed LIV Golf that outlined a potential tie-up between the two groups.

  • Opinion – Only President Biden and Crown Prince Mohammed bin Salman Can Redirect the Israeli-Palestinian Conflict

    One of the most unexpected developments in the Israel-Hamas war is the emergence of a powerful alignment of interests and incentives for Israel, the Palestinians, America and Saudi Arabia to all get behind a pathway to a Palestinian state that can live in peace alongside Israel. For starters, moving toward a Palestinian state — once this war ends — is the key for Israel reconnecting with important constituencies around the world, it’s the key to an eventual secure pathway out of Gaza and it is the cement for the regional alliance Israel needs to protect itself.

  • How will Pakistan form a coalition government after split election results?

    Pakistan's elections last week returned a hung parliament, with no party getting enough seats in the National Assembly to form a government by itself. Negotiations for a coalition government are taking place between former Prime Minister Nawaz Sharif's party, with 75 seats, and the party of Bilawal Bhutto Zardari, with 54 seats, as well as other smaller parties. Independent candidates backed by jailed former Prime Minister Imran Khan won the most seats - 93 - and they are also jostling for allies to form government. Candidates were vying for 264 seats out of the assembly's 336 total. There are also 70 reserved seats.

  • Israel frees two hostages, Gaza officials say airstrikes kill 67

    Israel freed two Israeli-Argentinian hostages in Rafah on Monday under the cover of airstrikes which local health officials said killed 67 Palestinians and wounded dozens in the southern Gaza city that is the last refuge of about a million displaced civilians. A joint operation by the Israeli military, the domestic Shin Bet security service and the Special Police Unit in Rafah freed Fernando Simon Marman, 60, and Louis Hare, 70, the military said. They were among 250 people seized during the Oct. 7 raid by Hamas militants that triggered Israel's war on Gaza.

  • Saudi Arabia’s real estate index up 0.2% in Q4 2023

    The Saudi real estate price index advanced 0.2% in the fourth quarter of 2023 to 82.8 points from 82.6 points a year earlier, data issued by the General Authority for Statistics (GASTAT) showed. The base year for the index is 2014 (100 base points).

  • Saudi minister says energy transition behind Aramco capacity halt

    Saudi Arabia decided to halt its oil capacity expansion plans because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market. The Saudi government on Jan. 30 ordered state oil company Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day (bpd), 1 million bpd below a target announced in 2020, which was set to be reached in 2027.

  • Saudi Arabia accelerates digital economy growth through Nvidia partnership

    The Kingdom’s Minister of Communications and Information Technology Abdullah Al-Swaha's meeting with Nvidia CEO Jensen Huang aims to support and strengthen the region’s digital economy, particularly in Saudi Arabia, recognized as the largest market for technical innovation in the Middle East and North Africa.

  • Saudi Sports for All Federation Welcomes More Than 20,000 Participants for 2024 Riyadh Marathon

    More than 20,000 participants from 125 countries, including a record 60% Saudi nationals, took part in the third edition of the Riyadh Marathon on February 10 – an increase of more than 33%, with 15,000 runners in 2023.