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  • Al Jubayl Saudi Arabia As Seen From Orbit at Night
     

    The city of Al Jubayl (or Jubail) is located on the coast of Saudi Arabia, along the Persian Gulf. The city has a history extending back more than 7,000 years, but since 1975 it has been associated with the petrochemical, fertilizer, and steel industries. At night, these industrial areas form a brightly lit region (image […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     
  • The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
     

    If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]

     
  • Sulaiman Al-Rajhi’s life a rags to riches story
     

    Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. He became penniless after transferring all his assets among his children and set aside the rest for endowments. In recognition of his outstanding work to […]

     
  • How Oil Has Driven Global Conflict For The Past 100 Years
     

    Michael T. Klare recently gave a presentation titled “The Geopolitics of Oil: Old and New” at the Association for the Study of Peak Oil conference in Vienna, in which he speaks about how no other substance in the world is as closely aligned with geopolitics as oil is. Klare describes the geopolitics of oil — the intersection […]

     
  • Hoteliers Expand in Saudi Arabia as Mecca Goes Upscale
     

    “I wish I could have more hotels in Mecca,” said Jan Smits, InterContinental’s chief executive officer for Asia, Middle East and Africa. “In four months, you make 70 percent of your income. It’s a really strong market and it’s one of the most unique in the world.” The company has been in the country since […]

     
  • The problem with taxing foreign-earned income
     

    Eritrea is one of only two countries in the world that applies citizenship-based taxation in addition to residence-based taxation.  The other? The United States of America. In fact, the US is the ONLY industrialized country in the world to impose citizenship-based taxation. The immediate result for American expatriates is a blizzard of confusing and complex […]

     

MUST-READS

  • British PM praises Saudi crown prince for role in promoting Middle East stability

    While discussing the situation in the Middle East, the prime minister praised the crown prince for his leadership in supporting regional stability, and emphasized the UK’s enduring commitment to peace and security in the region.

  • Archaeologists Found 345 Ancient Stone Circles That Tell a New Story About Humans

    Archaeologists recently discovered a whole mess of these circles—roughly 345, actually—in Saudi Arabia using aerial surveillance techniques. “These structures were individual dwellings, constructed in concentrations of varying numbers with associated domestic installations, such as hearths,” the research time behind the find, who published their study in Levant, explained. “The standing stone circle sites presented in this paper demonstrate a scale of Neolithic occupation not previously recognized in Saudi Arabia.”

  • Saudi Arabia to Host Arab Geographical Names Experts Conference

    The Kingdom of Saudi Arabia, represented by the General Authority for Survey and Geospatial Information (GEOSA), will host the 10th Arab Geographical Names Experts Conference in Jeddah on November 10-12. The theme for the event is "Strengthening Arab Relations and Ties in Geographical Names." This hosting is part of GEOSA's efforts in the field of geographical names. It oversees the Kingdom's surveying, geospatial information, and imaging sectors and chairs the National Committee for Geographical Names, which includes 21 government agencies.

  • Saudi air passengers up 17% in first half of 2024

    Saudi Arabia had a 17 percent increase in the total number of air passengers in the first half of the year, rising to 62 million. This was based on a 12 percent rise in total flights to 446,000, the General Authority of Civil Aviation (GACA) said.  Air freight was also up, showing an increase of 41 percent, GACA said.

  • China Investors Can Now Trade Saudi Stocks on Two ETFs

    Two exchange-traded funds focused on Saudi Arabian stocks that debuted today in Shanghai and Shenzhen give Chinese investors an option to bet on equities in the oil rich nation as both countries strengthen ties.

  • New Iranian president does not inspire hope among Gulf Arabs

    Gulf Arab capitals do not view the election of Reformist Masoud Pezeshkian as a major turning point for Iranian policy. There is broad skepticism about whether there is any genuine pro-reform movement left in Iran. There is also a view that Iranian elections are cosmetic and will not allow Pezeshkian to act independently of conservative-dominated power structures.

  • Network model shows resilience as Iran-Israel clash expands

    Since the Palestinian Hamas movement’s outrageous attack on Israel on Oct. 7, 2023, Tel Aviv has found itself in a multifront war that it cannot win militarily. Israel’s military superiority has lost the ability to deliver a strategic punch against a network of networks administered by Iran. This highlights how in the decade or so following the Arab Spring protests, networked non-state actors have become the key movers and shakers in the region—outperforming state hierarchies on matters of resilience.

  • Is Saudi Arabia replacing the US with China in its security partner mix?

    The visit fuelled speculation that Riyadh could be looking to Beijing to ease pressure from Washington on issues such as human rights and its stand on the Israel-Gaza war. Defence specialists said the conflict and tensions in the broader Middle East would undoubtedly have been on the agenda – along with Saudi Arabia’s rising arms purchases from China. But Saudi Arabia still saw the United States as its key security partner – even as it increases rapport with and arms purchases from China.

  • Saudi Arabia Close to Deal With China’s Envision for Wind Energy Push

    Saudi Arabia and China’s second-largest wind turbine manufacturer are close to a deal to develop a new plant in the oil-rich desert kingdom to help support its goal of boosting renewable power production. The Saudi sovereign wealth fund and Vision Industries, a privately owned renewable-energy manufacturing company, could sign an agreement with Envision Energy Co. as soon as this week, according to people familiar with the matter.

  • Literature Commission concludes training program for publishing houses in Oxford

    The training program was held in cooperation with Oxford International Publishing Center, and lasted for 10 days, during which it witnessed many intensive training and consulting sessions presented by a group of publishing experts. The program sessions covered several prominent topics, including international publishing strategies and marketing plans, the role of literary agencies, copyrights and contracts, planning skills for participation in book fairs, and others.