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  • Saudis allow women to compete
     

    Saudi Arabia is to allow its women athletes to compete in the Olympics for the first time. Officials say the country’s Olympic Committee will “oversee participation of women athletes who can qualify”. The decision will end recent speculation as to whether the entire Saudi team could have been disqualified on grounds of gender discrimination.

     
  • 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 […]

     

MUST-READS

  • Saudi Telecom reportedly eyes up Vodafone Portugal

    Vodafone and Saudi Telecom (STC) have both recently failed in Portuguese M&A attempts, so it makes sense that they might now look to hammer out a deal between them. But it seems we're not close to a deal just yet.

  • Saudi Arabia and Qatar explore judicial cooperation

    Al-Samaani highlighted the legal and judicial progress that Saudi Arabia has witnessed under the leadership of King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. He emphasized that the progress made in the legislative and digital domains improved the efficiency and quality of judicial services.

  • Aquaculture in Saudi Arabia: From vision to infrastructure

    Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.

  • Saudi Arabia will host the inaugural Olympic Esports Games

    The decision to host the Olympics Esports Games in Saudi Arabia also comes at the perfect time as the country is currently holding the Esports World Cup in Riyadh. This event serves as proof of the Kingdom’s dedication to esports, drawing participants and enthusiasts from around the globe, and its ability to host large-scale events.

  • Saudi Arabia’s Economic Strategy is a Double-Edged Sword for OPEC Stability

    Since the announcement of Vision 2030, Saudi Arabia has faced substantial fiscal challenges. With oil prices no longer at their 2022 highs, the kingdom's reliance on petrodollars is more precarious. The IMF estimates that Saudi Arabia's fiscal breakeven oil price is near $100 per barrel, but current market prices fall short, complicating the funding of its large-scale diversification projects.

  • Saudi Arabia pulling back on construction spending

    Even though these changes will impact local and international business, Saudi Arabia will continue to be big spenders on construction.  The kingdom still has $50 billion in capital expenditures to support the projects for 2024, Bloomberg reported. The Sovereign Wealth Fund reportedly has $70 billion in capital a year from 2025.

  • Breakthrough pension reform in Saudi Arabia – A model for the MENA region

    Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality

  • Early medieval inscription discovered in Saudi Arabia

    Saudi Arabia’s Heritage Commission announced the discovery, which was made at the village of Alqan in the northwestern part of the kingdom. Its historical significance lies in confirming the continued use of the Thamudic script in the 5th century AD, and offers new insights into the evolution of Arabic letter forms in the pre-Islamic era.

  • U.S. Oil Production Develops Massive Lead Over Russia And Saudi Arabia

    For the first time, global oil consumption surpassed 100 million barrels per day in 2023. The demand for gasoline, diesel, and kerosene has returned to or exceeded pre-2019 levels, although there are variations across different regions. Global gasoline consumption slightly exceeded its pre-COVID level at 25 million barrels per day, while kerosene, despite showing strong growth of 17.5% in 2023, has not yet returned to its peak levels from 2019.

  • Foreign Minister Prince Faisal emphasizes significant progress in Saudi-Turkish relations

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan emphasized significant progress in Saudi-Turkish relations across political, economic, and security domains. During his official visit to the Republic of Türkiye, Prince Faisal announced the signing of a protocol to amend the minutes establishing the Coordination Council, with plans for the second coordination meeting in Riyadh soon. This reflects the leadership's commitment to advancing relations in all areas of mutual interest, he said.