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  • Saudi Arabia in the Air
     

    A stunning collection of photos from Saudi Arabia’s Press Agency, the SPA, showed Saudi Arabia’s helicopters and some shots of the Kingdom from above. [Click here to view a slideshow of Saudi helicopters and aerial shots of the Kingdom from above]

     
  • Red Sea Coastal Cities May Soon be Connected by Rail as SRO Chief Criticized for ‘Endless Promises’
     

    Saudi Arabia’s coastal cities Jeddah and Jazan may soon be connected by rail as the Saudi Railways Organization completed the first phase of a feasibility study, according to a report in Arab News.  P.K. Abdul Ghafour reports that businessmen and officials are welcoming the plan for a railway that would run alongside roads connecting the two coastal cities […]

     
  • Saudi Aramco: Not Your Ordinary NOC
     

    Last month Saudi Aramco opened a 50,000 square foot, state-of-the-art research center in Houston that Saudi Aramco President and CEO, Khalid Al-Falih called, “an upstream research center like no other.”  It will be an extension of Saudi Aramco’s Exploration and Petroleum Engineering Center’s Advanced Research Center (EXPEC ARC) and it’s Research and Development Center both […]

     
  • Central bank’s record reserves ‘show strength of Saudi economy’
     

    The Saudi Arabian Monetary Agency (SAMA)’s reserve assets soared to another historic level in August, official data show, to over $757.3 billion. The jump in August, an increase of $10.4 billion, shows the strength of the Saudi economy, Asharq Alawsat reports, citing economist Abdulaziz Al-Fahad. Asharq Alawsat: “SAMA itself attributed the rise in reserves to […]

     
  • ‘Sigh of Relief’ as Saudi Arabia Secures Hajj from Disease, Violence
     

    Saudi Arabia’s management of the largest annual human migration on the planet is closely watched due to the importance of the rite in the Islamic religion, the participation of Muslims from around the globe and the immense logistical complexities of the event. This year’s Hajj was exceptionally challenging for authorities with a trifecta of serious threats […]

     
  • Lockheed, Raytheon Sell ‘Worlds Most Advanced’ Patriot Missile System to Saudi Arabia for $1.7b
     

    U.S. defense contractors Lockheed Martin and Raytheon are the lead contractors in the proposed $1.7b sale of the Patriot Advanced Capability-3 (PAC-3) Missile system to Saudi Arabia, following a request for approval by the Pentagon.  The development is the latest in recent weeks indicating a strengthening of U.S.-Saudi ties as the two countries coordinate security efforts to counter […]

     
  • Why MNCs Must Localize their Saudi Business
     

    Saudi Arabia is one of Europe, Middle East and Africa’s (EMEA) top emerging markets, but it is on an unsustainable growth path that threatens long-term prosperity. In addressing this problem through economic diversification, the government will increasingly push multi-national corporations (MNC) to localize their presence or risk being shut out of the market. Success for […]

     
  • The New Face of Mecca: As Hajj Begins, 1.3 Million Pilgrims will Find a Changing Holy City in Saudi Arabia
     

    The 2014 Hajj begins today as 1.3 million followers of Islam descend on Saudi Arabia’s holy city of Mecca. But visiting Muslims will find a holy place that is rapidly changing and developing. Through the lens of the Saudi Press Agency’s high-quality images, the city of Mecca is shown mid-transformation, with construction cranes and unfinished […]

     
  • In First Weekly for Ashmore, Sfakianakis Highlights ‘Wall Street’s Retreat from EM Market-Making’
     

    In his first weekly for the London-based Ashmore Investments, John Sfakianakis and co-author Jan Dehn write that emerging markets are playing a larger role in international finance, and recent political and economic developments around the globe “illustrate Wall Street’s decline as market-maker for Emerging Markets (EM) assets.”   The full analysis, available here and used by […]

     
  • Saudi Arabia’s Energy Pivot to Asia ‘May Result in Lower Crude Prices’, Analyst Predicts
     

    Saudi Arabia is starting to focus more on Asian destinations for its crude, which may result in lower costs to the region, writes Clyde Russell in a Reuters analysis. “The Saudis aren’t exactly retreating from the North American and European markets, but they seem to have read in the tea leaves the trend that physical […]

     

MUST-READS

  • Turki Al-Sheikh unveils theme of 94th Saudi National Day

    Advisor Turki Al-Sheikh, chairman of the General Entertainment Authority (GEA), announced on Thursday the theme of Saudi Arabia’s 94th National Day, which falls on September 23 each year. The theme “We dream, we achieve,” carried over from last year, highlights the significant projects related to the Saudi Vision 2030 and showcases the Kingdom’s leading role in various fields.

  • Hornets defender Hoedt makes Saudi switch

    Watford Player of the Year Wesley Hoedt has left the club to join Saudi Pro League outfit Al-Shabab. The 30-year-old - who has won six caps for the Netherlands - joined the Hornets from Belgian side Anderlecht in January 2023. Hoedt made himself a fans' favourite with a goal on his debut against Blackburn and went on to play 15 times in 2022-23, then every minute of 48 games last season, wearing the captain’s armband on 32 occasions.

  • Saudi perfume maker sets IPO price guidance

    Al Majed for Oud Company, a Riyadh-based perfume and oud products manufacturer, has set the price range for its initial public offering (IPO) between SAR90 and SAR94 ($23.99-$25.05) per share. The institutional book-building period started on Sunday and will end on August 29. The company is floating 30 percent of its capital, or 7.5 million shares, on the Saudi stock exchange.

  • Saudi Arabia, US working on ‘history making agreement:’ US ambassador in Riyadh

    “We are now working with the Saudi government and Saudi companies in areas that we would not have imagined in the past, for example, space exploration for commercial purposes,” the US ambassador said. “The Kingdom has huge ambitions in the commercial space, and we as companies want to be there with them.”

  • Healthy eating doesn’t have to be boring, says Saudi Instagram star

    Bakur Tamim, a Saudi food influencer with over 300,000 Instagram followers, is shaking up the way we think about healthy eating. The Jeddah-based culinary wizard is known for whipping up delicious, low-calorie meals that are as visually stunning as they are nutritious, giving his audience alternatives to bland salads and tasteless protein shakes.

  • The Rise of Saudi Arabia’s Oil Empire

    Saudi Aramco, originally founded as the California-Arabian Standard Oil Company in the 1930s, began its journey after oil was discovered in the Eastern Province of Saudi Arabia. The company was established through a partnership between Saudi Arabia and Standard Oil of California (now Chevron). Over the decades, it grew from a regional enterprise into the world’s largest oil producer, pivotal in the development of Saudi Arabia's economy and its global economic influence.

  • Saudi Arabia launches Phase I of Riyadh Parking Project

    Phase I of the project is to create and manage over 24,000 public parking spaces in public and commercial streets, in addition to the management of more than 140,000 parking spaces in nearby residential neighborhoods. The phase will cover 12 areas distributed across the Al-Wurud, Ar Rahmaniyyah, West Olaya, Al-Murooj, King Fahd, and Al-Sulaimaniyah districts, in addition to four other areas in the southern neighborhoods of Riyadh.

  • BlackRock partners with Saudi Arabia to develop kingdom’s property finance market

    “We look forward to partnering with the Saudi Real Estate Refinance Company to advance mortgage securitisation and other capital markets solutions,” a BlackRock representative told The National. “SRC and BlackRock share the objective of enabling and unlocking institutional capital in this growing, high quality fixed income asset class.” The new deal comes after BlackRock announced a partnership with PIF in April to open a multi-class investment firm in Riyadh, anchored by an initial investment mandate of up to $5 billion from the Saudi wealth fund, to drive further growth of the kingdom's capital markets and attract more investment.

  • Saudi father’s simple post on social media goes viral

    Abdulkarim Al-Kazraj, a respected author and passionate advocate for social and cultural issues, recently took to X to share a poignant moment from his family’s life. What began as a simple post to mark his daughter Laura’s first day of middle school quickly went viral, capturing the hearts of thousands and sparking meaningful conversations across the nation. Al-Kazraj’s post featured a side-by-side photo comparison of Laura on her first day of school in 2018 and her first day of middle school in 2024.

  • What Maersk’s $250M logistics park means for Saudi Arabia

    Danish shipping and logistics company Maersk is building a 225,000-square-meter facility in Saudi Arabia's Red Sea-facing Jeddah Islamic Port. The company is investing $250 million in developing a key logistics hub with the Saudi Ports Authority, also known as Mawani. The facility allows for connectivity over land, sea and air. It has warehouses for e-commerce and business requirements and caters to a wide range of sectors such as fast-moving consumer goods, frozen food, automotive, retail and lifestyle, petrochemicals, electronics and pharmaceuticals. The logistics hub will also provide and first- and last-mile deliveries, as well as custom services.