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  • Effat University on the Forefront of Change in Saudi Arabia
     

    I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]

     
  • Saudi Arabia’s First Female Director Brings ‘Wadjda’ to Cannes
     

    Wadjda, the first-ever film shot in Saudi Arabia, hits the Cannes market as The Match Factory begins pre-sales at Cannes’ Marche du Film on the coming-of-age drama from Haiffa al Mansour, the first female Saudi filmmaker. Haifaa wrote and directed Wadjda, which tells the ordinary but uplifting story of Wadjda, an 11-year-old girl growing up in […]

     
  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia Cuts the Price of Its Flagship Crude for Asian Buyers

    On Tuesday, Saudi Arabia reduced the official selling price of its flagship Arab Light for Asian buyers in January. This is the first price reduction for the last seven months, Reuters noted in a report, but it is a modest one, at $0.50 per barrel. This is half what analysts expected as a price reduction, the report also said. "Saudi set the price too high. That could prompt some buyers to nominate less cargoes and turn to buy cheaper crude from other suppliers from the spot market," a refinery executive from Asia told Reuters.

  • Jon Rahm’s LIV defection would be the ultimate Saudi power play before pivotal PGA Tour talks

    It would be something seismic. Rahm would be the first European giant to go. He is the reigning Masters champion and among the four best players in the world. He is the Saudis’ top realistic target, given how vigorously Tiger Woods and Rory McIlroy have denigrated LIV and ruled themselves out of a move.

  • Saudi PIF allocates $3bn for investments in Iraq, says ambassador

    Saudi Arabia’s Public Investment Fund (PIF) has allocated $3 billion for investments in various sectors in Iraq, the country’s envoy in Baghdad said on Wednesday. Saudi Ambassador to Iraq Abdulaziz Al-Shammari's remarks to the Iraqi state media INA came on the sidelines of a signing ceremony of a partnership agreement in the industrial field.

  • Saudi Arabia meets expectations as powerhouses, and a lesser light, march on in AFC Champions League

    After all the hype -- and heightened expectations -- surrounding the Saudi Pro League for its mega-spending ways over the past 12 months, its clubs certainly did not disappoint when it came to the big stage. Not yet, at least. With the group stage of the 2023-24 AFC Champions League -- Asia's premier club competition -- done and dusted, Saudi Arabia's three giants in Al Hilal, Al Nassr and Al Ittihad all booked their places in the round of 16 with a game to spare.

  • Asia’s first Saudi Arabia ETF lists on Hong Kong stock exchange

    Asia’s first exchange traded fund investing solely in Saudi Arabia’s equities market has listed on the Hong Kong exchange attracting $1bn in initial investment, marking one of the territory’s largest ever debuts. The CSOP Saudi Arabia ETF was launched on the back of strong government support, after more than a year of high-level efforts by senior Hong Kong officials attempting to woo investment from the Middle East. The ETF invests in a portfolio correlated to the FTSE Saudi Arabia Index, which has a market capitalisation of more than $270bn and aims to align with the Saudi Vision 2030 project, Crown Prince Mohammed bin Salman’s road map for economic diversification and global engagement.

  • Front Row Takes MENA Distribution for Saudi Drama ‘Norah’

    Dubai-based distributor Front Row Filmed Entertainment has picked up Middle East and North Africa (MENA) region distribution rights to groundbreaking Saudi drama “Norah,” which world premiered in competition at the Red Sea Film Festival. Directed by pioneering Saudi director Tawfik Alzaidi, making his feature film debut, “Norah” is set in 1990s Saudi Arabia, when conservatism was at its height and all forms of art and painting were banned for religion-related reasons.

  • Saudi Filmmakers Form Trade Org to Hold Sway in Sector Regulations

    Saudi Arabia’s burgeoning filmmakers have formed a trade organisation called Film Association in an effort to hold sway in regulations being laid out for the country’s booming film industry. The Saudi Film Association, announced during the ongoing Red Sea Film Festival in Jeddah, comes five years after the government removed its 35-year-old religion-related ban on cinemas. Since then, Saudi Arabia has built studios, formed film commissions and launched tax incentives for production.

  • Edelman Hires Ex-Ogilvy Leader As Saudi Arabia General Manager

    Edelman has appointed former Ogilvy leader Elie Azzi as the new general manager of its business in the Kingdom of Saudi Arabia (KSA). Azzi (pictured, left) will join Edelman in January, replacing Kenana Dahlan, who has left the firm to become a government advisor in Saudi Arabia. In his time at Ogilvy, Azzi led the agency’s transformation of the communications and PR function in the kingdom, and has also held senior positions at Havas and Porter Novelli in the region. At the same time, Edelman KSA has appointed Sarah Alarrak (pictured, right) in the newly-created role of strategic communications advisor, with a remit that includes growing the agency’s client base in Saudi Arabia.

  • Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

    Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount. “The Ministry of Investment of Saudi Arabia, in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority today announced 30-year tax incentive package for The Regional Headquarters (RHQ) Program, to further streamline the process for multinational companies (MNCs) to establish their RHQ in Saudi Arabia,” the Saudi state press agency wrote in a statement Tuesday.

  • Russian President Vladimir Putin visits UAE, Saudi Arabia seeking to boost Moscow’s Mideast clout

    Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in an one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker even as his war Ukraine grinds on. Putin landed in Abu Dhabi, the capital of the Emirates, that is hosting the United Nations’ COP28 climate talks. It was his first trip to the region since before the coronavirus pandemic and the 2022 invasion of Ukraine.