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  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     
  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
     

    Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]

     

MUST-READS

  • Al Baha’s palaces and forts offer a glimpse into Saudi Arabia’s past

    The ancient palaces and impressive forts found in the Al Baha region serve as a living testament of Saudi Arabia's rich historical heritage. Scattered across the landscape of nearly every village, these towering structures offer insights into the Kingdom's past and the lifestyles of its early inhabitants. Among these, Bin Raqoush Palace stands out. Once a private residence, the palace has been transformed into a cultural and historical center welcoming senior officials, ambassadors, and global visitors alike.

  • Saudi Arabia says additional 15 trillion cubic feet of gas proven at Jafurah field

    With an estimated 200 trillion cf of gas in place, the Jafurah basin hosts the largest liquid-rich shale gas play in the Middle East. This covers an area of 17,000 square kilometres. The production of natural gas at Jafurah is expected to increase to 2 billion standard cubic feet per day (scfd) of shale gas by 2030, from 200 million scfd in 2025, with 418 million scfd of ethane and around 630,000 barrels per day of gas liquids and condensates, which are feedstock for the petrochemical industry.

  • Saudi Arabia’s wealth fund to tap debt market for second time this year

    Saudi Arabia's sovereign wealth fund has hired banks to tap the debt market for the second time this year with an Islamic dollar bond, a document emailed to the banks on Monday and reviewed by Reuters showed. The Public Investment Fund (PIF), which manages more than $700 billion in assets, mandated Goldman Sachs, HSBC and Standard Chartered as joint global coordinators to arrange investor meetings starting on Monday for the offering, a senior unsecured seven-year sukuk, the document said. The PIF, along with the government of Saudi Arabia, last month joined a wave of emerging market issuers seeking to take advantage of rising demand for debt before central banks are expected to lower interest rates later this year.

  • Claressa Shields defeats Kelsey De Santis to make MMA history in Saudi Arabia

    Undefeated boxing champion Claressa Shields made history in another sport on Saturday, as she made her return to mixed-martial arts (MMA). The 28-year-old earned a split decision win over Kelsey De Santis in what was the first professional female MMA bout held in Saudi Arabia. “I had such a hard camp,” the American said afterwards, her voice breaking.

  • Al-Rumayyan says over 70% of PIF’s assets are in Saudi Arabia

    The annual value of investments in Saudi Arabia runs between $30 and $40 billion until 2025, after which it will increase to about $70 billion annually until 2030, the Governor said. He further added that PIF is considered the primary economic driver of Vision 2030, pointing out that the key performance indicators in the vision are achieved ahead of schedule.

  • Saudi Arabia’s Falconry Heritage Celebrated on Founding Day

    The falcon features in the visual identity of the Saudi Founding Day logo, alongside four other symbols: the Saudi flag, the palm tree, the Arabian horse, and the market. Beyond its symbolic significance, falconry played a crucial economic role. The birds were used for hunting, providing a source of food and income for many. It also fostered a strong sense of community and identity among Saudis, uniting them in their shared passion for this noble sport.

  • Saudi Arabia’s Neom unveils Elanan wellness retreat

    Saudi Arabia‘s Neom has unveiled another Gulf of Aqaba destination, this time a wellness retreat called Elanan. Via a press release, Elanan will redefine luxury and wellness experiences. Situated on the Gulf of Aqaba coastline within oasis surroundings, Elanan is fed by ancient natural springs. “From the moment visitors arrive, they begin a rejuvenating journey within the calming embrace of nature,” said Neom.

  • Saudi Arabia launches ‘cultural’ metaverse to celebrate founding day

    The Saudi Arabian Ministry of Culture launched a metaverse dedicated to showcasing and preserving the nation’s cultural heritage on the occasion of its founding day. The Saudi government’s Cultural Universe metaverse initiative, which takes a user through the long history of Saudi Arabia dating back to 1727, went live on Feb. 22. The metaverse was built on top of Oracle’s Hyperledger Fabric 2.5 blockchain technology and developed by droppGroup’s Generative Media Intelligence artificial intelligence (AI) system droppPhygital.

  • Saudi Arabia Takes Its Money and Influence to Miami

    Lots of big names showed up: Steve Schwarzman of Blackstone, Barry Sternlicht of Starwood, Alex Karp of Palantir and Hollywood royalty like Brian Grazer and Gwyneth Paltrow. (So too did former Trump officials including Steven Mnuchin, the former Treasury secretary; Mike Pompeo, a previous secretary of state; and Jared Kushner, Trump’s son-in-law.) Attendees mingled over wine, which is banned in Saudi Arabia, and Carbone’s spicy rigatoni.

  • Saudi Arabia and China ink agreement to develop air transport

    The MoU aims to expand the number of air transportation stops and promote air traffic. Moreover, it outlines developing and regulating frameworks for cooperation in transportation and air freight between Saudi Arabia and China.