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  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     

MUST-READS

  • WHO chief praises Saudi medical programs that improve patients’ care globally

    Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus praised Saudi Arabia's medical programs, carried out by the King Salman Humanitarian Aid and Relief Centre (KSrelief), that aimed at improving the health situation of patients and injured people around the world.

    Ghebreyesus made the remarks during a meeting with the Advisor to the Royal Court and Supervisor General of KSrelief Dr. Abdullah Al Rabeeah, on the sidelines of the Global Food Security Summit held in London.

  • Zain to offload remaining Saudi tower stake

    Zain Saudi Arabia announced it would sell the remaining 20 per cent stake it owns in its tower business to the country’s Public Investment Fund (PIF) for SAR726 million ($194 million). In a stock market statement, the operator revealed it would divest its holding in Golden Lattice Investment Company after PIF exercised its option to buy the stake, which was part of a deal to sell the other 80 per cent announced in 2022.

  • AlUla Tour to welcome world’s best cyclists to Saudi Arabia in 2024

    Some of the world's best cyclists and teams will head to Saudi Arabia at the start of next year after organisers announced the dates for the rebranded AlUla Tour.

    Formerly known as the Saudi Tour, the race returns for a fourth edition and takes place from January 30 to February 3. It will be organised by the Ministry of Sport and The Royal Commission for AlUla in cooperation with the Saudi Cycling Federation and the International Cycling Union (UCI).

  • Gulf Broadcaster Hires HSBC and JPMorgan for Saudi IPO

    The Middle East’s biggest broadcaster MBC Group hired HSBC Holdings Plc and JPMorgan Chase & Co. for what could be one of the year’s highest profile initial public offerings in Saudi Arabia. After receiving approval from the local market regulator, MBC will sell a 10% stake, or 33.25 million shares, in a capital raise in the IPO, according to terms of the deal obtained by Bloomberg News.

  • Saudi Arabia Brings In Airline Passenger Compensation: Up To $1,750 For Lost Bags

    Saudi Arabia has introduced new compensation rules for airline passengers, some of which entitle travelers to up to 200% of their ticket price. The new guidelines cover several circumstances affecting the journey of air passengers, such as flight cancelation or delay, lost baggage, flight overbooking, and even a change of cabin class.

  • OPEC+ Talks Hit Turbulence as Saudis Agitate Over Output Levels

    The OPEC+ meeting scheduled for this weekend has been delayed as talks ran into trouble amid Saudi dissatisfaction with other members’ oil production levels. Ministerial meetings will now take place on Nov. 30, OPEC said on its website, without giving a reason for the delay. Saudi Arabia, which has been making an additional 1 million barrel-a-day output cut since July, was in difficult talks with other members about their production levels, delegates said, asking not to be named because the discussions are private.

  • Saudi aid chief reinforces need for collective action to reduce global food insecurity

    Abdullah Al-Rabeeah, the adviser at the Royal Court and supervisor general of the Saudi aid agency KSrelief, has reinforced the need for collective action to reduce global food insecurity and malnutrition. Al-Rabeeah was speaking at the Global Food Security Summit which was held in London and attended by British Prime Minister Rishi Sunak; British Foreign Secretary David Cameron; Somalia’s President Hassan Sheikh Mohamud; and a number of ministers from several countries, and representatives from the UN leadership, regional and international bodies, civil society, and relevant stakeholders.

  • Seven announces new Transformers Axis coaster for Saudi Arabia

    Seven, a subsidiary of Saudi’s Public Investment Fund (PIF), is opening the new coaster at three of its 21 entertainment destinations as part of the world’s first Transformers-themed indoor entertainment centres. These are in Riyadh, Dammam and Jeddah. According to Seven, the attraction will offer a thrilling and unrivalled experience, reaching speeds of up to 55 km/h. Developed by amusement ride and coaster company S&S Worldwide, it will be the world’s first Axis coaster.

  • Savvy Games has $38 billion to build a Saudi gaming sector. Here’s how they plan to do it

    I have always thought that Savvy Games Group is an unusual company, and my interview with CEO Brian Ward confirmed that hunch. Most companies have a simple objective: Make enough money to keep shareholders happy. But Savvy isn’t like most companies. Owned by Saudi Arabia’s Public Investment Fund (PIF), it has been tasked with transforming the Kingdom into a global gaming hub, and it has $38 billion to make it happen. That’s a tall order for a two-year-old company.

  • Newcastle get green light to loan players from Saudi Pro League – media

     Newcastle United will be allowed to loan players from sides controlled by their Saudi owners in the January transfer window after a vote on a temporary ban on related-party loans did not get enough support from Premier League clubs, British media reported on Tuesday.

    Thirteen Premier League clubs voted in favour of the temporary ban on loan moves between teams under the same ownership at a shareholders' meeting on Tuesday, the BBC reported, falling one vote short of the number needed for it to be introduced.