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  • 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 […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • Saudi tops in job creation in GCC
     

    The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]

     

MUST-READS

  • Manal AlDowayan to Represent Saudi Arabia at Venice Biennale

    We are proud to be showcasing Manal AlDowayan's work at the International Art Exhibition of La Biennale di Venezia,' announced Dina Amin, CEO of Saudi Arabia's Visual Arts Commission, in a statement today. Manal AlDowayan, an artist known internationally for her participatory installations, will represent her country at Saudi Arabia's fourth national pavilion in Venice. 'My approach to art over the last two decades has given me the chance to be part of a transformation that is taking place in my country,' said AlDowayan.

  • Can Mohammed bin Salman buy Saudi Arabia an auto industry?

    Mohammed bin Salman’s campaign to modernize Saudi Arabia and diversify its economy celebrated its latest success three weeks ago after his bid to host the FIFA World Cup in 2034 remained unopposed. Only five years ago, western tourists couldn’t even get a visa to travel to the Gulf monarchy. Now the crown prince, who took power in 2017, wants to follow Qatar in welcoming football fans the world over to the Persian Gulf a century after his grandfather founded the state.

  • As Saudi pumps $133bn into global hub dream, is it now logistics-washing?

    But what has often been overlooked is that the desert kingdom is also pumping an estimated $133bn into logistics infrastructure and freight handling capacity as it seeks to diversify its economy and increase non-oil GDP. It’s aim is to become not only a regional, but a global logistics powerhouse, Dubai having had that field to itself for so long. Large-scale projects are in the offing in the maritime sector to upgrade ports and terminals – and to develop new gateways and introduce new trade routes. The aim is to more than quadruple the country’s annual container throughput, to 40m teu, by 2030.

  • Foster + Partners Designs Model Village for Saudi Arabian Pavilion at Expo 2025 Osaka

    Foster + Partners has been selected to design the Kingdom of Saudi Arabia’s pavilion for Expo 2025 Osaka. Positioned at the Yumeshima waterfront, the pavilion aims to evoke the essence of Saudi Arabian towns and cities while providing an engaging spatial experience. Overall, the design aims to immerse visitors through audio-visual elements and offer them a glimpse into the marvels of Saudi Arabia.

  • Jordan says it won’t sign energy and water exchange deal with Israel

    “We had a regional dialogue about regional projects. I think that all of this …, the war [has] proven, [it] will not proceed,” Jordanian Foreign Minister Ayman Safadi told Al Jazeera on Thursday, referring to the Israel-Hamas conflict. “We will not sign this agreement any longer. Can you imagine a Jordanian minister sitting next to an Israeli minister to sign a water and electricity agreement, all while Israel continues to kill children in Gaza?” asked the top diplomat of Jordan, which borders Israel to the east.

  • GCC countries to bolster global energy security, vows secretary-general

    The Gulf Cooperation Council countries are gaining recognition as key players in reinforcing global energy security, the organization’s secretary-general has said. Speaking at the 19th Manama Dialogue Conference titled “Regional Security Summit,” Jassim Al-Budaiwi emphasized the GCC’s role as a trusted global partner in the energy sector, the Saudi Press Agency reported on Sunday. “Energy security occupies a prominent place in the policies of the GCC countries,” he said. Organized by Bahrain’s Ministry of Foreign Affairs, in collaboration with the International Institute for Strategic Studies, the summit convened from Nov. 17-19 in Manama.

  • Yemen’s Houthi rebels hijack an Israeli-linked ship in the Red Sea and take 25 crew members hostage

    Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route Sunday and took its 25 crew members hostage, officials said, raising fears that regional tensions heightened over the Israel-Hamas war were playing out on a new maritime front.

  • Saudi Arabia, India and Indonesia Set To Be 2024’s Fastest Growing Global Economies

    Saudi Arabia will be among the world’s fastest growing economies in 2024, according to a note published by credit ratings agency Moody’s this week, with Kingdom’s GDP growth forecast to expand by 4.6% next year. This means that the Gulf’s biggest economy will be among the three top fastest growing countries in the world next year, with only India and Indonesia set to expand faster. These two latter nations are respectively expected to grow at 6.2% and 5% each next year. Saudi Arabia also ranks ahead of the likes of Sub-Saharan Africa (4.5%), China (4%), Asia-Pacific (4 per cent) and Central Europe (3.7%) in terms of growth forecasts for next year.

  • Saudi Arabia’s Al-Ittihad appoint Argentine Gallardo as new manager

    Saudi champions Al-Ittihad have named Argentine Marcelo Gallardo as coach through to 2025 following the sacking of Nuno Espirito Santo, the club said on Saturday. Gallardo returns to management after leaving River Plate last year following an eight-year spell that saw him guide the team to 14 titles, including two Copa Libertadores, making him the club's most successful coach.

  • Saudi intensifies investments in tourism talents

    The Ministry of Tourism had earlier allocated US$100 million to the Tourism Pioneers programme, which enabled 100,000 young people from its second-largest city, Jeddah to study at top institutions in France, Spain, Italy, Switzerland, the UK and Australia in 2022. On completion, participants will be equipped to “secure employment opportunities in leading hospitality companies in the Kingdom,” to help “create a skilled and ambitious workforce to support the tourism sector,” said the ministry in a statement.