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Why Technical and Vocational Training is an Urgent Need for Saudi Arabia’s Future
- March 17,2014
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- John Sfakianakis
Higher education and technical and vocational training are still so far from the requirements of the labor market and specifically in the private sector. Official data show that the proportion of those who enrolled in Saudi universities from high school is the highest in the world – 78% (more than 383,000 students), compared to 56% […]
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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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High Performance Government and MILE: Delivering on the Promise of eGovernment
- March 3,2014
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- Bill Connor
In a country with 185% mobile device penetration and some of the highest levels of Web usage in the world, how do Saudi officials deliver on the promise of eGovernment? Dr. Mohammed Mustafa Mahmoud, CEO of the Madinah Institute for Leadership and Entrepreneurship (MILE), says it’s not an easy task, given the high expectations of […]
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Is the Saudi Arabian Economy Productive?
- February 21,2014
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- John Sfakianakis
Over the past few years, key macroeconomic indicators point to remarkable breakthroughs by the Saudi Arabian economy. The Kingdom’s economy maintained high GDP growth rates, a budget surplus, growth in the Kingdom’s current account, all while the ratio of public debt to GDP remained minimal. Saudi Arabia’s inflation rate remained low amidst a large influx […]
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Is Saudi Arabia Too Dependent on Management Consultants and Think Tanks?
- February 11,2014
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- John Sfakianakis
During the past ten years, major think tanks and global management consulting firms came to different government agencies and ministries in Saudi Arabia to provide them with recommendations and plans in return for huge wages – in the millions of Riyals. This makes me wonder whether these governmental bodies and ministries are managed by those […]
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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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Turkey ElectionsTurkey AK party rulers are bad losers, says election ‘winner’ Imamoglu
In daily press conferences - and on his Twitter biography - Ekrem Imamoglu of the opposition CHP party says he's the new mayor. Preliminary results from the election board show he won the local election here last weekend by some 25,000 votes.
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CultureSaudi Arabia retrieves 1,000 artifacts from US
The Saudi Commission for Tourism and National Heritage (SCTH) has retrieved recently more than 1,000 heritage artifacts from the United States in coordination with the Saudi Ministry of Foreign Affairs.
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Saudi AramcoSaudi Aramco in four charts
Profits are boosted by having the cheapest production in the world, which at its largest fields are as low as $3 per barrel. Not all of its production is this low cost. An average of $10 per barrel for mature fields is more realistic.
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Entrepreneurship10 Saudi entrepreneurs make it to World Economic Forum’s most promising Arab startups
An online platform that offers quality home-cooked meals, a home maintenance website that links owners and service providers and a social learning platform are just among the ten Saudi companies that made it to the World Economic Forum’s 100 most promising startups for 2019.
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TurkeyU.S. Stops F-35 Parts Delivery After Turkey Decides To Buy Russian Missile System
Turkey is helping the U.S. build the F-35 jet fighter. It also insists on buying a Russian air defense missile system that could shoot that warplane down. The U.S. says the NATO ally can't have both.
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Turkey ElectionsRecep Tayyip Erdogan’s ruling party suffers losses in Turkey’s 3 largest cities
Erdogan's party has lost races in the capital Ankara and Izmir. Results are still too close to call in Istanbul. Candidates of the opposition Republican People's Party, or CHP, won the races in Ankara and Izmir.
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YemenYemen’s parliament to hold first session since civil war started
Yemen's internationally recognised government is preparing to hold its first parliamentary session since the civil war erupted at the end of 2014.
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TourismTuwaiq Palace Heart Tent – Riyadh, Saudi Arabia
Walking around Tuwaiq Palace, formerly known as the Diplomatic Club, will give you spectacular views of Riyadh. But the outside views aren’t the only reason to visit this spot. It’s home to the Heart Tent, a stunning structure that looks like a giant tent made from stained glass.
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SpaceSaudi Arabia joins Arab partners to collaborate on space exploration
The dream of an Arab space agency is one step closer to becoming a reality, after Saudi Arabia and 10 other countries signed the first pan-Arab agreement on coordinating national exploration programs at the Global Space Congress in Abu Dhabi last week.
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Roads of ArabiaAncient artifacts a top attraction at Saudi exhibition in Athens
“Roads of Arabia” has visited 14 other countries since it was first shown in Paris in 2010
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