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The 10 Best SPA Photos This Month – January 2014 Edition
- February 3,2014
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- Lucien Zeigler
For those that follow Saudi news closely, the state-run Saudi Press Agency is a valuable resource. Similar to the press offices of U.S. and other government offices and ministries around the world, the SPA is updated daily, and features local, national and international news from the official feed on its website in Arabic and English. […]
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Saudi Arabia’s Non-Oil Export Figures are Just Numbers on Paper
- February 3,2014
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- John Sfakianakis
During the past few weeks, we have heard in statements from Saudi officials that Saudi Arabia’s non-oil exports are increasing. In 2013 alone, the value of Saudi oil exports increased by 6.7%, while non-oil exports increased by 2.4%. From 2003 to 2012, total non-oil exports increased from SAR 350 billion to 1.4 trillion.
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Opinion: Comprehensive Reform of the Labor Market in Saudi Arabia
- January 26,2014
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- John Sfakianakis
Besides energy subsidies and the future of energy consumption at the local level, the labor market is considered one of the key variables with respect to the economic future of the kingdom. The labor market should be an integral part of the thinking of government officials when planning at all levels, without exception. The Ministry of […]
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The Reliable Supplier: Saudi Economy Expert Explains Why the Shale Boom in the United States is Actually a Good Thing for Riyadh
- January 24,2014
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- Lucien Zeigler
In a recent article for Foreign Affairs magazine, Saudi economy expert and investment banker Dr. John Sfakianakis writes that while it may be easy to think that the shale boom in the United States is threatening to the world’s largest oil producer in Saudi Arabia, there are several reasons that more production from the United […]
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This Cool Timelapse Video of Saudi Arabia’s Capital, Riyadh Shows an Amazing Sunset (and Terrible Traffic) [VIDEO]
- January 23,2014
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- Lucien Zeigler
Riyadh, Saudi Arabia’s capital city, is a rapidly growing metropolis – one that has benefitted greatly from soaring governmental spending on infrastructure and development. While in Riyadh last month, SUSTG created an HD time lapse video from the roof of the Council of Saudi Chambers building, looking down King Fahd road toward Riyadh’s iconic Kingdom […]
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On Saudi Employment, The Numbers Do Not Lie
- January 5,2014
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- John Sfakianakis
During the past few weeks the public’s attention has been focused on the labor market, and much has been said about providing jobs for Saudis. There is no doubt that jobs have been created in the past few years, but some figures announced in the media are exaggerated.
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Saudi Arabia in 2013: 25 Events That Changed the Kingdom
- December 31,2013
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- Lucien Zeigler
2013 was an eventful year for Saudi Arabia – an oasis of relative calm in an otherwise stormy Middle East region. The year saw a more assertive Saudi foreign policy, incremental advances in women’s rights, and the enforcement of controversial government policies aimed at putting Saudis back to work. It was also a year of […]
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For Saudi Arabia, Change in Fiscal Policy Should Come Sooner than Later
- December 28,2013
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- John Sfakianakis
Each year brings the announcement of a new historic budget for Saudi Arabia with an increase in spending higher than its predecessor. In fact, there is nothing permanent in the economy, and there is nothing permanent in government spending. For Saudi Arabia, government spending depends on oil prices, and the continued expansion of the budget is […]
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Restructuring Higher Education in Saudi Arabia
- December 23,2013
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- John Sfakianakis
Education in Saudi Arabia is still not sufficient to match the requirements of the labor market, especially for the Saudi private sector. Graduates need the right skills as required by the labor market, and those without these skills who focus on more general social sciences will be at a disadvantage. The answer is not more […]
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Several Prominent Saudi Voices Continue to Express Discontent with Western Policies toward Iran, Syria
- December 18,2013
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- Lucien Zeigler
In a hard-hitting New York Times op-ed, Saudi Arabia’s Ambassador to the United Kingdom Prince Mohammed Bin Nawaf Bin Abdulaziz Al Saud wrote that while the Western-Saudi relationship friendship has lasted for decades, Saudi Arabia will pursue its own interests in the Middle East, even if they diverge from those of the Western powers.
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MUST-READS
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12 Saudi Universities Make the Top 1,000 Worldwide
Saudi Arabia is celebrating a major milestone in higher education, with 12 of its universities making it into the prestigious top 1,000 worldwide institutions for 2024 according to the Shanghai Ranking. Al-Benyan emphasized that this progress is in line with Vision 2030’s goals and reflects the dedication to improving education and research systems. The University Affairs Council, along with various bodies, has been working hard to ensure that Saudi universities not only meet but exceed global standards of excellence.
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China, Saudi Arabia top buyers of Russian fuel oil in July, LSEG data shows
China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July, traders said and LSEG data showed on Friday. Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by completion of seasonal maintenance on Russian refineries.
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Saudi Arabia’s Electricity Consumption Soars, Oil Burn Doesn’t
Saudi Arabia electricity generation surged by 6% in the first half of the year. Yet oil burn is down against 2023 levels thanks to higher gas availability and the growing role of renewables in the power mix. Higher fuel oil imports in June raise questions over whether oil burn gains may return in H2.
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Saudi Arabia’s PIF partners with CONCACAF to boost football development
The Confederation of North, Central America, and Caribbean Association Football (CONCACAF) has announced a strategic partnership with Saudi Arabia’s Public Investment Fund (PIF) to elevate football development across the region. The multi-year collaboration will focus on bolstering grassroots football, expanding youth championships, and nurturing young talent. By investing in programs like the CONCACAF under-15, under-17, and under-20 championships for both men and women, the partnership aims to create more opportunities for aspiring footballers.
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Saudi brothers make waves in open-water swimming
Abdulrahman Boksmati and Ghaith Boksmati from Jeddah are the first Saudis to complete the 20 Bridges swim in Manhattan, New York. The 48.5 km loop around the island is one of three swims that constitute “the triple crown” of open-water swimming. The title is bestowed on swimmers who complete the Catalina Channel, the English Channel, and the largest of the three, the Manhattan 20 Bridges.
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Qiddiya’s Performing Arts Centre: Where innovation meets culture in Saudi Arabia
The Qiddiya Investment Company (QIC) is set to redefine the cultural and entertainment landscape of Saudi Arabia with the launch of the Qiddiya Performing Arts Centre. As the first cultural asset of the newly announced Qiddiya City, this state-of-the-art venue is designed to become a symbol of creativity and a cornerstone of the Kingdom’s cultural evolution. In an exclusive interview with Saudi Gazette, Majed Aldusaimani, Director of Public Relations and Media Liaison at QIC, shared insights into the vision, technological advancements, and future aspirations for the Performing Arts Centre.
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Secretary Blinken’s Call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud
Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. The Secretary discussed the vital, ongoing work to prevent regional escalation and finalize a ceasefire agreement between Israel and Hamas. Secretary Blinken thanked the Foreign Minister for Saudi Arabia’s work to facilitate the flow of humanitarian aid into Gaza. The Secretary underscored our shared concerns about Houthi actions, including its seizure earlier this month of the United Nations Office of the High Commissioner for Human Rights in Sana’a.
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How Does the Jafurah Gas Field Support Saudi Arabia’s Economic Growth?: Video
Witness the second expansion of the Jafurah unconventional gas field, the largest shale gas field in the Middle East Equipped with cutting-edge technologies, we aim to advance our efforts in contributing to the future of power generation, one that is more efficient
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Saudi Arabia spends SR3.7 billion to support employment and training during first half of 2024
Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi revealed that the Saudi Human Resources Development Fund (HADAF) has spent about SR3.7 billion ($986 million) on programs and products to support employment, training and qualification of Saudis during the first half of this year. More than 100,000 establishments have benefited from these programs and over 153,000 citizens were employed in private sector establishments, he said during the ceremony of launching ‘Jadarat,’ the Unified National Employment Platform on Sunday. “The goal of the platform, under the slogan “Ambition and Empowerment,” is to unify employment efforts and data of job seekers in the public and private sectors, and to raise the quality and reliability of data,” he said.
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King Salman Charter for Architecture and Urbanism Award Announces 2024 Winners in Saudi Arabia
The King Salman Charter for Architecture and Urbanism Award has just announced the winners for 2024. Recognizing outstanding achievements in architecture and urbanism in Saudi Arabia, The King Salman Charter for Architecture and Urbanism Award is an initiative designed to celebrate projects that are aligned with the values of the King Salman Charter in Saudi Arabia. This year, since projects were honored with the award from three categories: built projects, unbuilt projects, and student projects.
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