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  • Jadwa Chartbook June 2012: Trade
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit. 

     
  • The Middle East fights the Flame, but virus spreads anyway
     

    Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]

     
  • Wider world opened to Saudis studying abroad
     

    Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]

     
  • Jadwa Chartbook June 2012: Banking
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector analysis.

     
  • Saudi Construction Sector: A Sleeping Giant Awakes
     

    Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector.  Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP.  It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]

     
  • Saudi, Kuwait, UAE lead Q1 GCC corporate earnings growth
     

    Earnings of Saudi Arabian companies totalled $6.7 billion, an increase of 15 per cent YoY and 28 per cent QoQ. SABIC, which reported $1.9 billion in Q1 profits, saw its bottom-line decline by five per cent YoY due to softening of global petrochemical prices when compared to Q1 2011. Saudi Banks continued its stable growth […]

     
  • Key to the kingdom
     

    2012 is likely to be the tipping point for the Gulf’s most ambitious real estate project. If the good results continue, and companies carry on signing up to take advantage of the transport infrastructure coming online in 2013, then KAEC looks set to snowball. But when will the city be fully completed? “Our target is […]

     
  • Oil Prices Fall Below Break-Even for Several Nations
     

    Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period. Oil producers are beginning to feel the future threat of peak demand for oil caused by multiple factors — including unconventional liquid fuels — breathing down […]

     
  • Islamic funds seek socially responsible roadmap
     

    The Islamic investment sector can widen its customer base by adopting a socially responsible model, according to industry experts, but distribution channels, a sophisticated investor base and incentive schemes need to be enhanced first. The links between Islamic finance and socially responsible investments (SRI) are not new, but the former needs a similar transformation which […]

     
  • Changing patterns in U.S. crude imports
     

    U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]

     

MUST-READS

  • NEOM Food Company ‘Topian’ launched to redefine food production, distribution, and consumption

    NEOM announced on Sunday the launch of ‘Topian’, the NEOM Food Company, with the aim of redefining food production, distribution, and consumption through the creation of sustainable and innovative food solutions across 5 vertical pillars.

     NEOM stated that the 5 vertical pillars are: climate-proof agriculture; regenerative aquaculture; novel foods; personalized nutrition; sustainable food supply and ESG. Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA), and it is fully aligned with Saudi Arabia’s objectives of achieving the Saudi Vision 2030, spearheading the Kingdom’s efforts to ensure food security, mitigate climate change and achieve net-zero emissions by 2060.

  • Iran and Saudi Arabia to negotiate direct flights

    Iran and Saudi Arabia will start formal talks next week to resume direct scheduled flights between Tehran and Riyadh and other cities, an Iranian official told the state-affiliated news agency ILNA on Sunday.

    Regular flights would be another step towards restoring ties between the two Middle Eastern rivals. A Chinese-mediated agreement in March restored diplomatic relations after years of tension that threatened the security of the entire region and fuelled conflicts in Iraq, Syria and Yemen.

  • Noor Riyadh lights up Saudi Arabia – in pictures

    Noor Riyadh is back for a third year in the Saudi capital.

  • Saudis, Iraq stand firm as COP28 targets fossil fuels

    Oil producers Saudi Arabia and Iraq stood their ground at UN climate talks on Sunday as they faced pressure to drop their opposition to a phase-out of fossil fuels at COP28 in Dubai. With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give their views in a "majlis" -- a traditional Gulf Arab meeting held in a circle. While Jaber called the gathering in an effort to produce a compromise, warning that "failure is not an option", countries held firm in their positions. The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.  

  • Airline profits to hit $25.7bn in 2024, revenues to pass $960bn: IATA

    Airlines will record profits of $25.7bn next year as the global aviation industry continues a recovery from the Pandemic slump. The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines in 2023, which will then largely stabilise in 2024.
    However, net profitability at the global level is expected to be well below the cost of capital in both years.

  • Israel’s hunt for the most-wanted person in Gaza

    After more than two months of battering the terror group's positions, Israeli officials believe that eliminating Sinwar and his close associates would accelerate Hamas' military collapse and an end to the war that began after Hamas attacked Israel on Oct. 7.

  • ‘Buying Quiet’: Inside the Israeli Plan That Propped Up Hamas

    Even as the Israeli military obtained battle plans for a Hamas invasion and analysts observed significant terrorism exercises just over the border in Gaza, the payments continued. For years, Israeli intelligence officers even escorted a Qatari official into Gaza, where he doled out money from suitcases filled with millions of dollars.

  • Opinion: America, the country of ‘Hi!’

    America is a country of hope and values; it is great because Americans learn both from their successes and from their failures. I call upon Americans to remind the world what America truly stands for and not to wait two years before making the moral call to resolve the flaring new crisis in the Middle East.

  • Ex-Saudi Spy Chief Says Palestinian Issue Key on Any Israel Deal

    Saudi Arabia is making a resolution to the Palestinian issue a condition for any engagement with Israel, the kingdom’s former head of intelligence said, even as the US attempts to work on normalizing their ties while war rages in Gaza.

    “The Palestinian issue is upfront and must be dealt with, a priority of any Saudi engagement on the level that was presented in the press as being imminent,” Prince Turki Al-Faisal said at the Milken Institute’s Middle East and Africa Summit in Abu Dhabi on Friday.

  • Saudi Arabia to host FIBA Asia Cup 2025

    The Saudi Basketball Federation (SBF) has been awarded the hosting rights for the FIBA Asia Cup 2025, with all the games to be played in Jeddah. This will be the second time that Saudi Arabia has hosted this prestigious continental event. The last time the Asia Cup was played in the Kingdom was in 1997, in Riyadh, where Korea lifted the trophy after beating Japan, 78-76, in the final. The hosts also made it to their first-ever semi-finals, finishing in fourth place. As there is continued growth for basketball in the region, the FIBA Asia Cup 2025 will engage millions of fans as Asia's flagship event makes its return to the Gulf.