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  • The Saudi Cultural Mission’s New Headquarters
     

    The new SACM headquarters in Fairfax, Virginia provides a modern hub for Saudi Students in the United States, and stands as a symbol of the strong cultural relations between the United States and Saudi Arabia. Until recently, the future of the iconic Watergate hotel and office complex in Washington DC, which was the site of […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • Saudi car sales to hit $25 billion by 2013
     

    Saudi Arabia has ambitious plans to further expand its lucrative automobile industry. In 2011 alone, the Kingdom announced the sale of approximately 800,000 cars potentially increasing to 1 million vehicles per year by the end of the current decade. In this context, the country is planning to start manufacturing automobile parts by 2013 in addition […]

     
  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Moving forward with nationalisation in Saudi Arabia
     

    “Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     
  • Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
     

    Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]

     
  • Sarah Attar Is a Saudi Trailblazer, By Way of the U.S.
     

    One of the first women to compete for Saudi Arabia at the Olympics was born and raised in California. The athletes are Wodjan Ali Seraj Abdulrahim Shahrkhani, who competes in judo, and Sarah Attar, a 19-year-old junior at Pepperdine University and a graduate of Escondido High School in California. Attar, who trains in San Diego, […]

     

MUST-READS

  • Saudi Arabia launches new investment fund to enhance quality of Arabic film content

    Saudi Arabia’s General Entertainment Authority (GEA) has announced a new investment fund that will focus on improving the quality of films while strengthening production values, distribution, and filmmaking. The Big Time investment fund will also feature the kingdom’s Ministry of Culture as a co-sponsor, along with contributions from various companies specialised in the field of filmmaking and production, a press release said, without disclosing the value of the fund.

  • WWE Officially Opens WWE Experience in Saudi Arabia

    Wrestling enthusiasts and casual fans alike can now dive headfirst into the exhilarating world of WWE at the inaugural WWE Experience in Boulevard City, part of Riyadh Season's entertainment zones. The immersive journey promises an unparalleled encounter with the rich history, heart-pounding action, and legendary Superstars that define the wrestling phenomenon. WWE announced that it was officially open today in a series of emails and announcements on social media. Triple H himself provided a sneak peek into the extravaganza through a tweet, inviting fans to witness the grandeur of the WWE Super Dome. "Starting tomorrow, all of the sights, sounds & excitement of a WWE live event will be here to give you goosebumps year-round," he exclaimed on Thursday, underlining the significance of this groundbreaking venture.

  • Saudi Arabia: Acwa Power obtains $3.4 billion in financing to build solar plants

    The Saudi group Acwa Power, supported by the Saudi Arabian Public Investment Fund (PIF), has obtained financing from a consortium of banks that will allow it to advance the construction of solar plants worth 3,4 billion dollars in the whole country. The company has obtained an $8,6 billion credit line from local, regional and international institutions, including Saudi Awwal Bank, Banque Saudi Fransi and Mizuho Bank, according to filings on the Kingdom Stock Exchange. The consortium also includes Riyad Bank, Saudi National Bank, Standard Chartered Bank and HSBC.

  • Saudi Arabia’s NEOM and MDLBEAST to open mega beach club on luxury Sindalah island

    NEOM has announced the newly-launched Sindalah Beach Club which will offer “year-round premium experiences to a diverse range of audiences brought together by their love of music and culture”, featuring world-famous musicians and DJs.

  • Report: Saudi Arabia’s strategic maneuvers in the face of the Red Sea shipping crisis

    In the midst of escalating shipping disruptions in the Red Sea, a new report has shed light on Saudi Arabia’s Aramco circumventing the Houthi-led crisis, showcasing the oil giant’s resilience and strategic advantage. Saudi Aramco’s ability to bypass the Bab el Mandeb Strait via its East-West Petroline provides a significant competitive advantage over regional competitors, according to a report by Kpler, which specializes in commodities market data and analytics solutions.

  • Parts of Saudi Arabia covered with snow

    The Middle East has been experiencing a remarkable weather phenomenon this week, with the United Arab Emirates (UAE) enduring an intense hailstorm, followed by Oman being battered by torrential rains that caused such severe flooding the government declared a national holiday. Adding to this meteorological spectacle, parts of Saudi Arabia have now been covered in a layer of snow, transforming the landscape into a winter wonderland on Thursday, February 15. In Saudi Arabia, the temperature took a significant dive as heavy rains pelted the mountainous regions of Jabal Al Lawz, subsequently giving way to a light snowfall that has captivated both residents and visitors. Snowfall in the desert regions is always a source of fascination, often generating viral videos and widespread awe, yet for the Tabuk region, this wintry blanket is not uncommon. Situated at an elevation of 2,600 meters, the area is known for its almond bushes and regularly attracts tourists eager to experience its cooler climate and unique snowy scenery.

  • ‘Game-changing’ Professional Fighters League in Saudi Arabia ready to revolutionise MMA

    The chief executive of the Professional Fighters League (PFL) says next week’s “game-changing” inaugural event in Saudi Arabia will provide a launch pad to “building out a world-class ecosystem” for mixed martial arts in the kingdom and throughout the region.

  • Saudi Arabia Lures Big Law Firms to Lucrative New Legal Market

    At least 30 multinational law firms have opened branches in Saudi Arabia in the past nine months or have applied for the right to do so, racing to establish a foothold in the oil-rich kingdom now allowing outside legal work. Several had affiliations with Saudi-based firms since the early 2000s, but for the first time were allowed to create their own practices in the country without the constraints of a local partner. Others are entering the marketplace for the first time.

  • Saudi Arabia enters table tennis with WTT Grand Smash event

    World Table Tennis (WTT), the commercial arm of the International Table Tennis Federation (ITTF), has announced that Saudi Arabia will host a WTT Grand Smash from 2024 onwards, marking the first time a professional table tennis event will be held in the kingdom. The inaugural Saudi Smash will take place from 4th to 11th May at the King Abdullah Sports City in Jeddah. The city has already hosted Formula One, the Fifa Club World Cup, ATP NextGen tennis, sailing’s America’s Cup Preliminary Regatta, and world heavyweight boxing.

  • Stage set for Season 4 Extreme E opener in Saudi Arabia

    The fourth instalment of Extreme E is almost upon us, with the 2024 campaign opening in Saudi Arabia this weekend (17-18 February). There are new teams and new line-ups joining the fray in Season 4, along with plenty of familiar faces, as the pioneering all-electric off-road racing series returns to action for the Desert X Prix. The deserts of Saudi Arabia have launched each of the three previous Extreme E campaigns, all offering astonishing backdrops for the opening rounds of the championship season, and another special event can be expected for Rounds 1 and 2 of the 2024 campaign in Jeddah.