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President Obama’s Visit to Riyadh: 3 Takeaways from Obama’s Meeting with King Abdullah
- March 31,2014
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- Lucien Zeigler
President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the meeting was an important opportunity for the two old allies to get on the same […]
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PHOTOS: President Obama’s Second State Visit to Saudi Arabia
- March 31,2014
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- Lucien Zeigler
President Barack Obama arrived in Riyadh on Friday to meet with Saudi Arabia’s King Abdullah and other officials.
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Analysis Roundup: President Obama’s Second State Visit to the Kingdom of Saudi Arabia
- March 27,2014
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- Lucien Zeigler
President Obama’s visit to Saudi Arabia later this week comes at a crucial time in U.S.-Saudi relations and in the context of regional and geopolitical developments.
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A Plea to the Saudi Ministry of Transportation: Save the Lives of Thousands of Saudis
- March 11,2014
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- John Sfakianakis
Recently, I received an invitation from Saudi Aramco to deliver a speech in the Eastern Province peninsula town of Ras Tanura, Saudi Arabia. I was welcomed as a member of the Saudi Aramco family, and not just a visitor. This was not my first time delivering a speech for this great company. I decided to […]
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The 10 Best SPA Photos This Month – February 2014 Edition
- March 4,2014
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- Lucien Zeigler
Saudi Arabia’s state-run press agency, the SPA, is a valuable resource. Continuing with our new series on the best photos from the SPA from the previous month, click here to see a slideshow of the best photos from this month’s events. The SPA is similar to the press offices of U.S. and other government offices […]
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The 10 Best SPA Photos This Month – January 2014 Edition
- February 3,2014
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- Lucien Zeigler
For those that follow Saudi news closely, the state-run Saudi Press Agency is a valuable resource. Similar to the press offices of U.S. and other government offices and ministries around the world, the SPA is updated daily, and features local, national and international news from the official feed on its website in Arabic and English. […]
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Saudi Arabia’s Non-Oil Export Figures are Just Numbers on Paper
- February 3,2014
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- John Sfakianakis
During the past few weeks, we have heard in statements from Saudi officials that Saudi Arabia’s non-oil exports are increasing. In 2013 alone, the value of Saudi oil exports increased by 6.7%, while non-oil exports increased by 2.4%. From 2003 to 2012, total non-oil exports increased from SAR 350 billion to 1.4 trillion.
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Opinion: Comprehensive Reform of the Labor Market in Saudi Arabia
- January 26,2014
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- John Sfakianakis
Besides energy subsidies and the future of energy consumption at the local level, the labor market is considered one of the key variables with respect to the economic future of the kingdom. The labor market should be an integral part of the thinking of government officials when planning at all levels, without exception. The Ministry of […]
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The Reliable Supplier: Saudi Economy Expert Explains Why the Shale Boom in the United States is Actually a Good Thing for Riyadh
- January 24,2014
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- Lucien Zeigler
In a recent article for Foreign Affairs magazine, Saudi economy expert and investment banker Dr. John Sfakianakis writes that while it may be easy to think that the shale boom in the United States is threatening to the world’s largest oil producer in Saudi Arabia, there are several reasons that more production from the United […]
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On Saudi Employment, The Numbers Do Not Lie
- January 5,2014
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- John Sfakianakis
During the past few weeks the public’s attention has been focused on the labor market, and much has been said about providing jobs for Saudis. There is no doubt that jobs have been created in the past few years, but some figures announced in the media are exaggerated.
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MUST-READS
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Saudi Arabia discovers 56-million-year marine fossils
Saudi geological authorities unearthed ancient marine fossils that date back to some 56 million years, Anadolu Agency reports. In a statement, the Saudi Geological Survey (SGS) said the fossils were found in limestone rock formations in the Ras Al-Ru’us sedimentary area in northern Saudi Arabia. The fossils date back to the early Eocene period and include imprints and internal moulds of bony fish, which all help understand the prehistoric marine communities of the early Eocene epoch, according to the statement.
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Inside Saudi Arabia’s plan to tame the desert and turn its capital into a cool green oasis
They plan to plant seven-and-a-half million trees across the city and build numerous new parks and green spaces including one four times the size of Hyde Park. A new irrigation system using treated wastewater is being developed, and the building code is being rewritten taking inspiration from traditional local architecture to make new homes more energy efficient. Much is riding on the project’s success – making Riyadh a more appealing place to live to tempt in expats and foreign investment is a cornerstone of Crown Prince Mohamed bin Salman’s efforts to overhaul the country’s image and diversify the economy away from oil. And with millions of people suffering from extreme heat in cities around the world – increasingly relying on environmentally disastrous air conditioning – the lessons Saudi Arabia learns could be vital to averting the worst effects of climate change in the coming decades.
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Saudi Arabia: Israel determined to sabotage Syria’s chance for stability
Saudi Arabia said Monday that Israel’s seizure of a buffer zone in the Golan Heights shows its determination to sabotage Syria’s chance of restoring stability. Israeli forces announced over the weekend that they had deployed to the buffer zone, claiming that the move was to protect Israeli citizens. Despite Israel’s foreign minister saying the takeover was temporary, embattled Prime Minister Benjamin Netanyahu quickly came out and said that the Golan Heights would remain Israeli “for eternity.”
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Apple announces retail expansion plans in Saudi Arabia
The company is set to debut its online Apple Store in the summer of 2025, offering a complete range of products with Arabic service and support for the first time. From 2026, Apple aims to inaugurate the first of many flagship stores across the country. Apple is in the early phases of designing a store at Diriyah, a UNESCO World Heritage site. Apple CEO Tim Cook said: “We’re excited to be expanding here in Saudi Arabia with the launch of the Apple Store online next year, and the first of several flagship Apple Store locations starting in 2026, including an iconic store at the stunning site of Diriyah coming later.
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Assad’s downfall is a humbling blow to Russia. How will it affect Putin’s prestige?
Almost exactly seven years ago, President Vladimir Putin stood with Russian troops at their air base in Syria and proudly declared victory over “terrorists” in that country as part of the Kremlin’s military intervention to prop up the government of Bashar Assad amid a civil war. This weekend, those hard-won gains seemed a distant memory. Assad hastily fled to Moscow as his power crumbled during a lightning offensive by rebels that his main international allies, Russia and Iran, were unable to stem. The Kremlin’s failure to prevent Assad’s swift downfall has exposed limits of Russia’s power and dented its international clout at a pivotal stage of its war in Ukraine.
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UN pledges to address migrant labour rights as Saudi Arabia is set to host 2034 World Cup
The UN High Commissioner for Human Rights, Volker Türk, has pledged to ensure proper labour standards during tournament preparations, which will heavily rely on migrant workers. Two days before FIFA is set to officially confirm Saudi Arabia as the host of the 2034 World Cup, the United Nations’ top human rights official pledged on Monday to advocate for the proper respect of migrant labour standards during the tournament preparations. The kingdom’s plans include constructing eight of the 15 proposed stadiums from scratch and adding 175,000 hotel rooms relying heavily on migrant workers — primarily from South Asia — under a labour framework that human rights groups have criticised for inadequate protections.
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Seismic events in Syria will not affect oil markets. Here’s why
On one level, that is not surprising. Syria does have some oil – capacity to produce around 450,000 barrels per day is usually cited – but it has been a footnote in global markets for many years because of civil war and the resulting infrastructure and investment deficits. It has become an accepted truth that the only regional event that will really get the oil price soaring again is the closure of the Straits of Hormuz, through which about 20 percent of the world’s crude passes.
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Israel pounds Syrian army bases, denies deeper incursion
Israel pounded Syrian army bases on Tuesday in strikes it says aim to keep weapons from falling into hostile hands, but denied its forces had advanced into Syria beyond a buffer zone at the border. In the Syrian capital, banks reopened for the first time since the overthrow of President Bashar al-Assad, in a major step towards restoring normal life. Shops were reopening, traffic returned to the roads, construction workers were back fixing a roundabout in the city centre and street cleaners were out sweeping the streets.
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Netanyahu corruption trial: What you need to know
Netanyahu was indicted in 2019 on charges of bribery, fraud and breach of trust - all of which Netanyahu denies. The trial began in 2020 and involves three criminal cases. He denies the charges and has pleaded not guilty. Prosecutors allege Netanyahu granted regulatory favours worth around 1.8 billion shekels (about $500 million) to Bezeq Telecom Israel (BEZQ.TA). In return, prosecutors say, he sought positive coverage of himself and his wife Sara on a news website controlled by the company's former chairman, Shaul Elovitch. In this case, Netanyahu has been charged with bribery, fraud and breach of trust.
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Shaping the future of an historic region with Fabien Toscano, CEO, AlUla Development: Video
The latest episode of Invested in Better is looking back to go forward with a focus on the magical region of AlUla and the exciting modern developments happening there. UDC’s CEO, Fabien Toscano, tells host Kimberley Leonard about the ambitious plan to provide a luxury heritage experience and how PIF’s vision is helping shape this.
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