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  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     

MUST-READS

  • Saudi Arabia establishes logistics zone in Djibouti to expand economic presence in Africa

    Saudi Arabia has signed a deal to establish a logistics zone in the port of Djibouti, leveraging Africa’s gateway to propel the Kingdom’s products and exports, fostering economic interplay. During a delegation visit of Saudi investors to the capital city of the East African country, the contract was signed by Hassan Al-Huwaizi, president of the Federation of Saudi Chambers, and Aboubaker Omar Hadi, chairman of Djibouti Ports and Free Zones Authority.

    Under the leadership of Al-Huwaizi, the delegation, including over 100 entrepreneurs and government representatives, came together to advance this transformative initiative.

  • Saudi Arabia Inaugurates National Defense University

    It will work as a research hub to support decisions and resolve problems and provide high level services to society according to the best standards, stressed Al-Ruwaili. The National Defense University aims to achieve academic and professional excellence, qualify professional national security cadres and carry out scientific research in national defense and security. It will also organize cultural and awareness events related to national security.

  • Why the esports industry is embracing Saudi Arabian investment

    “If you compare it to any other sports, all of them are heavily funded by governments across the world, from grassroots to pro sports, and people underestimate the involvement of government funding,” Reichert said. “And this is probably the first time that this has happened in esports on that scale, so it’s a good thing, actually — it’s not a bad thing whatsoever.”

  • Saudi Arabia First-Quarter Deal Flow Slumps to Three-Year Low

    Saudi Arabia closed the fewest number of first-quarter investment deals since 2021 in a further sign the kingdom is struggling to attract funding from private companies and foreign investors.

    The country finalized 64 transactions in the first three months of 2024, according to data from the Ministry of Investment, down 40% on a year earlier. The count is slightly below that recorded in the fourth quarter.

    The US and the UK were leading investors, followed by the UAE, Egypt and Singapore. The report didn’t say why the number fell.

  • How star players will make Euro 2024 a hit with Saudi Fans

    With the Saudi Pro League drawing to a close and capping off a season featuring more star names than many would have imagined a few years ago, many could be forgiven for thinking that that’s it for football for a while. But while the 2024 Euros won’t feature the Al-Suqour Al-Khodhur, research from Footballco shows that young fans are just as excited as their European counterparts. Footballco counts global football media brand GOAL, and Kooora, the number one sports platform in the Arab world, among its portfolio and works with brands to reach fans through football.

  • Saudi Arabia’s Expanding Role In Advanced Technologies

    When Saudi Crown Prince Mohammed bin Salman announced the creation of Alat in February 2024, he stressed the vital role this organization will play in Saudi Arabia's economic development. Saudi estimates predict this company will create 39,000 direct jobs and reach $9.3 billion in non–oil GDP contribution by 2030. Alat's AI infrastructure unit will combine artificial intelligence with other Industry 4.0 technologies, including robotics, big data, and automation.

  • Celebrating World Environment Day in Saudi Arabia with two KAUST startups

     King Abdullah University of Science and Technology (KAUST) is celebrating Saudi Arabia hosting World Environment Day 2024 by highlighting two of its innovative local startups that are developing solutions for greening Saudi Arabia.
    Saudi Arabia is hosting World Environment Day on June 5 with a focus on land restoration, desertification and drought resilience. One of the most effective ways to restore degraded land, halt desertification and build drought resilience is through ecosystem restoration.

  • The Israeli ship is drifting, ever more dangerously, in uncharted waters

    While Israel moves toward a de facto long-term occupation of Gaza, the country faces increasingly heavy losses on the diplomatic front, with more and more countries, international organizations, academic institutions, and companies cutting off ties to, sanctioning, and boycotting Israeli entities and individuals.

  • Iran’s top diplomat confirms talks with US

    Iran's acting foreign minister Ali Bagheri said Monday his government was engaged in negotiations with arch-foe the United States hosted by the Gulf sultanate of Oman. Asked about the issue at a news conference during a visit to Beirut, Bagheri said "we have always continued out negotiations... and they have never stopped." Washington and Tehran have not had diplomatic relations since the 1979 Islamic Revolution in Iran.

  • Saudi Arabia warns of above-average heat during Hajj

    Saudi Arabia said Tuesday pilgrims can expect average high temperatures of 44 degrees Celsius (111 Fahrenheit) during the Hajj, which last year saw thousands of cases of heat stress. "The expected climate for Hajj this year will witness an increase in average temperatures of 1½ to 2 degrees above normal in Mecca and Medina," national meteorology center chief Ayman Ghulam told a press conference. The forecast indicates "relative humidity 25%, rain rates close to zero, average maximum temperature 44 degrees," he said.