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  • Saudi Aramco to open 3 research centers in the United States
     

    Saudi Aramco announced the opening of three research centers in the United States at the Offshore Technology Conference in Houston today, according to a report in Rigzone. The three new centers in the United States will “join a worldwide network of research centers established by Saudi Aramco to leverage scientific expertise and further complement the cutting-edge […]

     
  • Save the Date for the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California
     

    The 2013 US-Saudi Business Opportunities Forum, to be held in Los Angeles, California at the JW Marriott L.A. Live on September 16-18, is the third in a series of extraordinarily successful gatherings featuring top American and Saudi government and private sector leaders and providing an ideal platform for building new and lasting business ties. Please visit www.us-saudiforum.com to register your interest.

     
  • Are U.S. Companies Missing Out on a Saudi Nuclear Bonanza?
     

    The recently-completed Saudi Sustainable Energy Symposium at the Ritz Carlton Riyadh brought high-level officials and companies together to discuss “a common understanding between all stakeholders” concerning the development of the Kingdom of Saudi Arabia’s sustainable energy program, of which nuclear energy is a big part. The event was hosted by the King Abdullah Center for […]

     
  • Royal Decree May Ease a ‘$67B Housing Logjam’ in Saudi Arabia, Reuters Reports
     

    Reuters is reporting that last week’s Royal Decree to tackle Saudi Arabia’s housing program has removed “an obstacle to a $67 billion program to ease the country’s housing shortage,” which “may push the program forward by opening up thousands of acres of state-owned land for construction.”

     
  • Saudi Arabia to Shift Weekend to Friday Start
     

    Pending approval from the Council of Ministers, Saudi Arabia could soon join its GCC neighbors in establishing a Friday-Saturday weekend.  Oman will officially shift its weekend beginning this May leaving only Saudi Arabia to make the transition. The current Thursday-Friday weekend has long been considered a drag on the Saudi economy and the Ministry of […]

     
  • Suspect Journalism: The New York Post’s Shoddy Saudi Student Reporting
     

    A Saudi student studying in the United States on the King Abdullah Scholarship Program was injured in the Boston Marathon bombing on Monday. The student was one of at least two Saudi nationals hospitalized as a result of the attack. One of the victim’s friends told Al Arabiya that an amputation was almost required but […]

     
  • Saudi Arabia Sees Limited Impact from US Shale Oil While SABIC Eyes Gas
     

    According to this report by Summer Said in the Wall Street Journal, a close advisor of Saudi Arabia’s Minster of Petroleum and Natural Resources Ali Al Naimi said that the production of oil from shale will be “too limited and costly” to make a significant impact on the interests of exporters, but that the so-called […]

     
  • Photos of Saudi Arabia’s Impressive Pavilion at the Hannover Industrial Forum in Germany
     

    Saudi Arabia’s presence at the Hannover Industrial Forum, which took place in Hannover, Germany this week, is worth seeing. The Kingdom constructed a massive pavilion to show off business opportunities in Saudi Arabia and provide a networking platform for visitors of the expo in Hannover, Germany.

     
  • Billionaires Prince Alwaleed bin Talal, Bill Gates Team Up to Defeat Polio
     

    Two of the richest men in the world, and the two richest men in the United States and Saudi Arabia respectively, are teaming up through their foundations to finally eradicate polio, according to a press release. “The Alwaleed Bin Talal Foundation-Global (Registered in Lebanon), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, signed […]

     
  • Hard Choices Ahead for MENA Energy Pricing
     

    In order for Saudi Arabia to effectively address some of its most pressing challenges it will need to make some hard, unpopular and, quite likely, disruptive choices.  The current uproar over the expulsion of illegal foreign workers, for example, doesn’t change the fact that it is a necessary step in re-ordering the incentives of private-sector […]

     

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  • Jannik Sinner Takes Home $6 Million With Win Over Carlos Alcaraz In 6 Kings Slam

    World No. 1 Jannik Sinner backed up his ranking and will take home the biggest purse in sports history after winning the 6 Kings Slam in Riyadh, Saudi Arabia. Sinner defeated Carlos Alcaraz, 6-7, 6-3, 6-3 to capture $6 million prize. In the third-place match, 24-time Grand Slam champion Novak Djokovic beat Rafael Nadal 6-2, 7-6(5) in the final match of their storied rivalry. Nadal is set to retire at next month’s Davis Cup finals in Spain.

  • Saudi Extra Offers 30% Stake in Finance Unit in Riyadh IPO Boom

    Saudi Arabia-based United Electronics Co., known as Extra, will proceed with the listing of a 30% stake in its financial services unit on the Saudi main market. The subsidiary, United International Holding Co., parent of Tasheel Finance, announced on Sunday its plan to float 7.5 million shares. The entire amount raised will be distributed to Extra, the selling shareholder, according to a statement. HSBC Saudi Arabia and EFG Hermes KSA have been hired to arrange the offering, which may come in the next few weeks.

  • Israeli forces storm shelters, detain men, as north Gaza raid deepens

    Israeli forces blew up homes and besieged schools and shelters for displaced people on Monday as they deepened their operations in Jabalia in the northern Gaza Strip, residents and medics said. They also rounded up men and ordered women to leave the camp, they said. Medics at the Indonesian Hospital told Reuters that Israeli troops stormed a school and detained the men before setting the facility ablaze. The fire reached the hospital generators and caused a power outage, they added.

  • Blinken heads to the Middle East as U.S. looks to kick start Gaza ceasefire talks

    U.S. Secretary of State Antony Blinken will depart for the Middle East on Monday, the State Department said, as Washington is pushing to kickstart ceasefire negotiations to end the Gaza war following the death of Hamas leader Yahya Sinwar. The top U.S. diplomat's latest trip to the region, his eleventh since the Oct. 7, 2023 attack on Israel by the Palestinian militant group Hamas that triggered the Gaza war, comes even as Israel has intensified its military campaign in Gaza and in Lebanon against Iran-aligned militia Hezbollah.

  • Gulen, the powerful cleric accused of orchestrating a Turkish coup, dies

    The U.S.-based cleric Fethullah Gulen, who built a powerful Islamic movement in Turkey and beyond but spent his later years mired in accusations of orchestrating an attempted coup against Turkish leader Tayyip Erdogan, has died. He was 83. Herkul, a website which publishes Gulen's sermons, said on its X account that Gulen had died on Sunday evening in the U.S. hospital where he was being treated. Gulen was a one-time ally of Erdogan but they fell out spectacularly, and Erdogan held him responsible for the 2016 attempted coup in which rogue soldiers commandeered warplanes, tanks and helicopters. Some 250 people were killed in the bid to seize power.

  • Amnesty says migrant workers exploited at Carrefour Saudi stores

    Rights group Amnesty International published Monday a report that accused the Saudi Arabian franchise of French supermarket giant Carrefour of exploiting migrant workers. Carrefour told AFP that an internal probe had not confirmed most allegations but was planning on conducting an external review. Amnesty said it found migrant workers for Carrefour's Saudi Arabian franchisee were deceived by recruitment agents, forced to work excessive hours, denied days off, cheated of their earnings and made to live in squalid accommodations.

  • Fifa urged by women’s soccer players to scrap sponsorship with Saudi oil company Aramco

    More than 100 professional women’s soccer players have signed an open letter to Fifa urging the global governing body to end its sponsorship with Saudi oil giant Aramco. Fifa confirmed a deal with Aramco, which is majority-owned by the Saudi government, in April. The company will sponsor both the 2026 men’s World Cup and 2027 Women’s World Cup in an agreement reportedly worth up to US$100 million a year.

  • Tawaref series: A step-by-step guide to Saudi Iqama process

    The Iqama is a residency permit issued to foreign nationals living and working in Saudi Arabia. It is a crucial document for any expatriates, including foreign investors who wish to reside in the country with their families. Although you can start working in the country without an Iqama, most services are blocked.

  • Consulting Industry Booms in the UAE, Saudi Arabia: Video

    The difficult road to partnerships and promotions at some of the world’s largest consulting firms can run through the Middle East these days. And for McKinsey and BCG, the region ranks among the strongest globally based on revenue and profitability. Bloomberg News' Abeer Abu Omar discusses the industry's playbook with Jennifer Zabasajja on Horizons Middle East & Africa.

  • Saudi: Nadec records 83% YoY higher net profit in 9M-24 on back of $648mln revenue

    The National Agricultural Development Company (Nadec) witnessed an 83.39% surge in net profit to SAR 326.59 million during the first nine months (9M) of 2024 from SAR 178.08 million in 9M-23. The company attributed the annual growth in net profit to several factors including the SAR 2.43 billion sales generated during January-September 2024, which were 1.76% higher than SAR 2.39 billion in the corresponding period a year ago, according to the financial results.