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In Major Shift, Saudi Aramco Dabbles in Oil Trading
- June 11,2012
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- Lucien Zeigler
Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]
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Jadwa Chartbook June 2012: Trade
- June 7,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit.
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Wider world opened to Saudis studying abroad
- June 6,2012
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- Lucien Zeigler
Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]
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Jadwa Chartbook June 2012: Banking
- June 6,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector analysis.
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Saudi Construction Sector: A Sleeping Giant Awakes
- June 5,2012
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- SUSTG Team
Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector. Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP. It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]
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Key to the kingdom
- June 3,2012
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- SUSTG Team
2012 is likely to be the tipping point for the Gulf’s most ambitious real estate project. If the good results continue, and companies carry on signing up to take advantage of the transport infrastructure coming online in 2013, then KAEC looks set to snowball. But when will the city be fully completed? “Our target is […]
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At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
- May 30,2012
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- Lucien Zeigler
Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in
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Saudi Satire Ignites YouTube’s Massive Growth in Middle East
- May 30,2012
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- Lucien Zeigler
Fahad Albutairi never expected a career in broadcast or comedy, and he certainly didn’t expect to emerge as a YouTube star known to millions. Albutairi is the co-founder and star of the La Yekthar Show, a small cadre of YouTube shows shot in Saudi Arabia that have become wildly popular in the last year. His […]
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Saudi female entrepreneurs exploit changing attitudes
- May 30,2012
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- Lucien Zeigler
In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]
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IMAX ARABIA 3D Now Available for Mass Consumption on Netflix Streaming
- May 23,2012
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- Lucien Zeigler
IMAX ARABIA 3D, the film directed by Hamzah Jamjoom, is now available to watch at any time on Netflix’s instant streaming option for the first time.
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MUST-READS
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U.S.-SaudiSaudi Arabia removed from U.S. blacklist on human trafficking
The United States has removed Cuba, Saudi Arabia and Malaysia from its blacklist of countries engaged in human trafficking.
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Saudi-FranceFrance gets its first glimpse of Saudi King Salman after he lands at Nice Airport
France got its first glimpse of the Saudi king and his 1,000-strong entourage set to dominate the Riviera after they landed at Nice Airport.
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Crown Prince NaifSaudi king tasks crown prince with running of state affairs
Saudi King Salman bin Abdulaziz has tasked Crown Prince Mohammed bin Nayef with running the affairs of the kingdom during his absence, according to the Saudi Press Agency.
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AfghanistanUS Airstrike in Afghanistan Kills High-Ranking Al-Qaida Leader
The U.S. military says an airstrike earlier this month in southeastern Afghanistan killed a "high-ranking al-Qaida operational commander."
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Islamic BankingMiddle East Economics – Islamic Banking
If you’re interested in investment products screened for social concerns, the quickly growing Islamic financial sector may be for you. Growing at a rate 50% faster than conventional banking, current estimates value the Islamic financial market at nearly $3 trillion and project that it could increase to $5 trillion by 2016.
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U.S. - SaudiU.S. defense secretary in Saudi to meet King Salman
Carter is to hold talks with King Salman in the Red Sea city of Jeddah, where the kingdom's rulers base themselves during the hot summer months.
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Saudi-HamasSaudi king holds rare talks with Hamas leader Meshaal
Saudi King Salman has held rare talks with the leader of the Palestinian militant group Hamas, Khaled Meshaal, who was on pilgrimage to Mecca.
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Nuclear Policy: RussiaPerspective: The Middle East Nuclear Power Play No One Is Talking About
Nuclear financing is a long-term, complex and expensive endeavor with little-to-no short-term dividends, and long-term benefits are difficult to quantify. However, Russian nuclear deals are the cherry on top of other infrastructure projects, making it a “win-win” proposition for both sides.
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Saudi-LebanonSaudi King Salman meets head of Lebanese forces Geagea
Saudi Arabia’s King Salman bin Abdulaziz received Lebanese Forces Party's leader Samir Geagea in Jeddah, the Saudi Press Agency reported Sunday.
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Saudi-FranceRow over Riviera beach closure during Saudi king’s visit
A row has erupted over the closure of a public beach on the French Riviera to allow King Salman of Saudi Arabia to holiday in private.
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