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  • A Kingdom’s Thirst: The Saudi Water Challenge
     

    It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.

     
  • The Saudis on the ‘Arabian Business’ Power 500 List
     

    The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]

     
  • We’re here, can we come in? TASI and foreign investors
     

    The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors.  Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]

     
  • Top 10 Salaries In Saudi Arabia
     

    The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional.  The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     
  • Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
     

    The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.

     
  • Nitaqat: Towards a Saudi “New Deal?”
     

    Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late.  The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]

     
  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     

MUST-READS

  • Saudi Arabia deposits $5 billion in Egypt’s central bank

    Saudi Arabia has deposited $5 billion in Egypt's central bank, the Saudi state news agency reported on Wednesday, as the Egyptian economy faces new economic pressures as a result of the war in Ukraine. On March 21 Egypt devalued its currency by around 14% after investors had pulled billions of dollars out of Egyptian treasury markets.

  • Afghanistan: World Bank freezes projects over girls’ school ban

    The World Bank has suspended four projects in Afghanistan worth $600m (£458m), after the Taliban banned girls from returning to secondary schools. The projects' aims included improving education, health and agriculture. They also had a "strong focus on ensuring that girls and women participate and benefit from the support," the bank had said earlier.

  • US refiners turn to Middle East oil after Russia import ban

    The United States last year imported about 700,000 barrels per day (bpd) of different types of fuel oil and other feedstocks that mostly went to US Gulf Coast refineries to supplement heavy crude oil, according to market research data. Russia last year accounted for just under half of US fuel oil imports, Mexico for 20% and the Middle East about 5%, according to data from research firm Kpler. Middle East supplies are set to make up at least 17% of April US fuel oil purchases, according to preliminary Refinitiv Eikon tanker tracking data.

  • Saudi Arabia confirms Mecca and Medina broadcasts will continue after backlash over ban

    During Ramadan, it is common for Muslims around the world to watch live footage from the Grand Mosque in Mecca, as worshippers walk around the Kaaba - the building at the centre of Mecca's Masjid al-Haram - and take part in daily prayers at Islam's holiest site. It is also common during the holy month to watch live broadcasts from Al-Masjid an-Nabawi (The Prophet's Mosque), the second holiest site in Islam, in the western Saudi city of Medina.

  • Saudi ambassador to return to Lebanon after Mikati statement – report

    The Lebanese prime minister stressed the need to end all political, military, security and media activities originating from Lebanon that affect the "sovereignty, security and stability" of Saudi Arabia and other GCC countries. Mikati also renewed his commitment to combat the smuggling of contraband, especially drugs, to Saudi Arabia and other GCC countries from Lebanon. He additionally affirmed Beirut's commitment to the Riyadh Agreement on judicial cooperation and the extradition of wanted persons to Saudi Arabia.

  • Saudi Arabia welcomes ‘positive points’ in Lebanese PM statement

    Riyadh says the crisis with Lebanon had its origins in a Lebanese political setup that reinforces the dominance of the Iran-backed Hezbollah armed group and continues to allow endemic instability. Saudi Arabia and its fellow wealthy neighbours once spent billions of dollars in aid in Lebanon, and still host a huge Lebanese diaspora. But the friendship has been strained for years by the growing influence of the powerful Hezbollah movement.

  • Taliban orders girl high schools remain closed, leaving students in tears

    The Taliban on Wednesday backtracked on their announcement that high schools would open for girls, saying they would remain closed until a plan was drawn up in accordance with Islamic law for them to reopen. Teachers and students from three high schools around the capital Kabul said girls had returned in excitement to campuses on Wednesday morning, but were ordered to go home. They said many students left in tears.

  • Saudi Arabia not looking to be ‘central bank’ for global oil, says Dan Yergin

    Daniel Yergin, S&P Global vice chairman, joins 'Power Lunch' to discuss the implications of the change in energy distribution from Russia, why Saudi Arabians and the UAE have been hesitant to share energy resources and how much sanctions will affect Russian oil output

  • Clean Bandit to close out Saudi Arabian Grand Prix 2022

    With the previously announced headline artists, DJs Axwell and R3hab, the addition of Clean Bandit builds on what is sure to be an unmissable race weekend. The global chart-topping group will make their second appearance in Saudi Arabia by closing out Sunday’s race day in style on March 27.

  • Saudi blogger Badawi out of prison, still faces travel ban

    Badawi, who created and managed an online forum, was arrested in 2012, charged for "insulting Islam" and subsequently sentenced to 10 years in prison and 1,000 lashes. He received 50 lashes in 2015.