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  • Mitt Romney on Foreign and Middle East Policy
     

    This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.  The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]

     
  • Jadwa September 2012 Saudi Chartbook – Real Economy
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Saudi Arabia breaks onto contemporary art scene
     

    Saudi Arabia is making its mark on the global contemporary art scene: works by Middle Eastern artists such as Talal Al Zeid and Mohammed Farea are available at Lam Art Gallery in Riyadh, the Empty Quarter photography gallery in Dubai was founded by the Saudi photographer Princess Reem Al-Faisal, while Message/Messenger, a 2010 installation incorporating […]

     
  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     

MUST-READS

  • Wall Street and Tech Royalty Fly to Saudi Event Amid Mideast War

    But those arriving at the Future Investment Initiative - often dubbed Davos in the desert - seem undeterred, sensing an opportunity to plug into Crown Prince Mohammed bin Salman’s trillion-dollar Vision 2030 economic remake. Goldman Sachs Group Inc.’s David Solomon, Citigroup Inc.’s Jane Fraser and BlackRock Inc.’s Larry Fink have become regulars at the Riyadh summit and are set to return this year. Reflecting Saudi Arabia’s focus on technology and artificial intelligence, they’ll be joined by prominent names in those industries. Alphabet Inc. President Ruth Porat and TikTok Inc. Chief Executive Officer Shou Chew are set to speak at the summit for the first time. Benjamin Horowitz, tech entrepreneur and co-founder of venture capital giant Andreessen Horowitz, is also making an appearance.

  • Saudi Economy Watch 2024

    The focus on sustainability is most evident in the significant expansion of renewable energy. The Kingdom aims to add 20GW of renewable energy annually to reach as high as 130GW by 2030, and is ready to export up to 150GW of green electricity or hydrogen. Aligned with the country's transformation goals, the renewable energy sector offers significant opportunities for job creation and economic growth. Investments are also underway in advanced manufacturing, such as electric vehicles (EVs), and environmental preservation has become a priority in tourism development projects. The Saudi Green Initiative pushes the agenda further, targeting the protection of 30% of national land and sea area by 2030, alongside reducing carbon emissions by 278 million tonnes per annum and planting 10 billion trees.

  • Why Saudi Arabia is emerging as key exit market for start-ups

    In the first half of this year, Saudi Arabia's share of exits rose to 20 per cent, compared with 12 per cent in 2021, says Philip Bahoshy, chief executive of data platform Magnitt. Last year, the kingdom witnessed a total of nine exits, accounting for 21 per cent of the Mena region's M&A transactions and ranking second after the UAE. Start-ups usually take an average of seven years to exit, he adds.

  • Aramco’s Venture Arm Allocates $100 Million for AI Investments

    Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI. Wa’ed Ventures has appointed an advisory board made up of former employees from companies including Meta Platforms Inc. and Amazon.com Inc. to explore early-stage investments in the sector. Money will be deployed over the next three years, according to the company. “This investment will not only incentivize local entrepreneurs but also support the localization of global talent,” Anas Algahtani, acting chief executive officer of Wa’ed, said in a statement on Sunday.

  • 14th Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies

    The 14th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.

  • Israel’s Shifting Policies Toward the West Bank

    The current government is taking advantage of the situation created on October 7, 2023, to bring about a fundamental change on the ground in the West Bank, seizing the opportunity to implement the goals laid out when the present cabinet was formed. These goals include attempting to abandon the Oslo Accords status quo, advancing the process of weakening the PA economically, financially, and in security matters—possibly as a prelude to its complete dismemberment—expanding the settlements, further boosting the number of settlers, and de facto annexing Palestinian lands in Area C. While the events of October 7, 2023 did not bring about this shift on their own, they boosted this agenda and gave it a sheen of legitimacy within Israeli society, accelerating its implementation and the extent to which it is publicly expressed.

  • US power grid added battery equivalent of 20 nuclear reactors in past four years

    From barely anything just a few years ago, the US is now adding utility-scale batteries at a dizzying pace, having installed more than 20 gigawatts of battery capacity to the electric grid, with 5GW of this occurring just in the first seven months of this year, according to the federal Energy Information Administration (EIA).

  • With no exit strategy for Israel in Gaza, critics fear an open-ended stay

    Retired Israeli general Giora Eiland believes Israel faces months of fighting in Gaza unless Prime Minister Benjamin Netanyahu uses the chance offered by the death of Hamas leader Yahya Sinwar to end the war. Since Sinwar's death this month, Eiland has been one of a chorus of former senior army officers questioning the government's strategy in Gaza, where earlier this month troops went back into areas of the north that had already been cleared at least twice before.

  • Renard back to coach Saudi Arabia after Mancini exits

    Herve Renard was hired to coach Saudi Arabia for a second time on Saturday, two days after the departure of Roberto Mancini. ’m back,” Renard said in a social media video posted by the Saudi Arabia Football Federation. The Frenchman most recently coached France women to the Paris Olympics quarterfinals. He was previously in charge of Saudi Arabia from 2019-23, a tenure that included a famous 2-1 win over Argentina at the 2022 World Cup in Qatar.

  • Saudi Arabia imposes SR300,000 fine and 5-yr jail for abusive behaviour in workplaces, schools and places of worship

    Fines of up to 300,000 Saudi riyals or imprisonment for up to five years will be imposed on anyone found guilty of abusive behavior in workplaces, schools, or places of worship, the Saudi Public Prosecution announced in a statement on its official account on X (formerly Twitter). The Public Prosecution emphasised that any harmful actions in these environments constitute a criminal offence, reiterating the importance of enforcing the Protection from Abuse Law.