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  • 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 […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym

    Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym (TGYM.MI) share capital after an 111-million-euro ($120.83 million) investment and intends to be a long-term minority shareholder in the Italian fitness-equipment maker, it said on Friday. In a reverse accelerated bookbuilding (RABB) operation on Thursday, NIF bought 8.8 million shares at 9.20 euros each from other investors and entered a derivate solution for the purchase of a further 3.3 million ordinary shares, the statement said.

  • Saudi Arabia Pumps Another $100M Into Aviation As It Targets 250 Destinations By 2030

    Saudi Arabia’s larger plan of creating a bigger travel market received a significant push with its plan to invest $100 million in developing its aviation infrastructure. The Middle Eastern nation has been trying to diversify its revenue stream by gradually shifting to other sectors, and tourism features heavily as part of that plan.

  • Day 5 of COP28: Saudi Green Initiative Forum begins

    The Saudi Green Initiative Forum kicked off on Monday as COP28 continues to mobilize world leaders towards serious action against climate change. Held under the slogan “From Ambition to Action”, the third edition of the forum will discuss critical sustainability, primarily energy transition, protecting the seas, and unlocking climate finance to enable climate action at the UN climate summit.

  • Saudi start-up Riyadh Air unveils network co-operation pact with Turkish Airlines

    Saudi Arabian start-up carrier Riyadh Air has provisionally agreed to enter a strategic co-operation with Turkish Airlines. The agreement is set to include codeshare and interline operations between Riyadh and Istanbul, and the deal will also cover “points beyond”, the Saudi carrier says. “Guests of both airlines will be able to take full advantage of each carrier’s worldwide network,” it states.

  • Unusual Hand Ax Discovered in Saudi Arabia

    A 20-inch-long hand ax sharpened on two edges was discovered on the surface of a sand dune in northwestern Saudi Arabia, according to a Live Science report. Excavation of the area uncovered an additional 13 smaller hand axes. The long, narrow tool is nearly four inches wide and about two inches thick. Researchers led by archaeologist Ömer Can Aksoy and Giulia Edmond of the Royal Commission for AlUla said that the basalt ax is easily held with two hands, but it is unclear how it might have been used for cutting or chopping.

  • NEOM Unveils Siranna, its Latest Tourist Destination in Saudi Arabia

    NEOM has just introduced “Siranna,” a new tourism destination within the new sustainable regional development evolving in Northwest Saudi Arabia. Aiming to blend innovation and refinement, while integrating with the coastal terrain, the design seeks to offer a luxury escape, with a 65-key hotel and 35 residences. Prioritizing minimal intervention in nature, Siranna’s development utilizes specific techniques to preserve the local landscape. The architecture pays tribute to the area’s heritage while blending into the mountains and wadi. The initiative aligns with NEOM’s dedication to creating sustainable spaces in nature.

  • Saudi Snaps Up 10% Ownership of London Heathrow Airport

    Saudi Arabia’s sovereign wealth fund will acquire a 10% stake in Heathrow Airport, the busiest airport in Europe. Saudi is buying the share off of Ferrovial of Spain, while Paris-based Ardian will acquire 15 percent in a deal worth £2.37 billion ($3 billion) The deal is being made by the Public Investment Fund, known as PIF, which is chaired by the kingdom’s crown prince. Ferrovial has owned its stake since 2006. The new deal is still subject to regulatory conditions Heathrow’s parent company TGP Topco has various different owners, including other sovereign wealth funds in the Middle East.

  • Saudi Arabia studies graphite, rare earths trading platform – minister

    Saudi Arabia is exploring the potential launch of a new commodity trading platform for battery materials, including graphite and rare earths, its vice minister of industry and mineral resources said. Riyadh's efforts to build an economy that is not dependent on oil include a shift towards mining the country's untapped mineral resources - worth about $1.33 trillion - including copper, lithium, phosphate and gold, but also investing in overseas assets.

  • ‘Fourth Wall,’ ‘Chasing Red’ to Shoot at Saudi Arabia’s Film AlUla

    Kidnap thriller “Fourth Wall” and romance story “Chasing Red” are the first two titles to be shot at Saudi Arabia’s Film AlUla as part of its partnership with Hollywood indie Stampede Ventures. The film entity, which is looking to attract international productions to a spectacular swathe of northwest Saudi, recently announced its partnership with Stampede Ventures that will bring 10 productions to the region over the next three years with a projected $350 million spend.

  • Cristiano Ronaldo’s title dreams are hanging by a thread already! Saudi Pro League winners and losers as Al-Hilal’s Serbian stars settle top-of-the-table clash – but there’s more misery for Steven Gerrard

    The gap at the summit is now up to seven points following Friday's meeting of the top two that saw the Portugal forward cut a frustrated figure Was that the match that decided the Saudi Pro League title race? In early December, it's likely too early to say, but Al-Hilal's 3-0 win over Al-Nassr means there is now a seven-point gap at the top of the table as we approach the halfway point of the campaign.