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  • 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 […]

     
  • Chart of the Day: A Short History of 200 Years of Global Energy Use
     

    If you want to tell the story of worldwide energy consumption over the past 200 years, you need three chapters. Chapter 1: The Coal Age. Chapter 2: The Oil Age. Chapter 3: The China Age. In the early days of industrialization, the use of biofuels such as wood declined as the West learned to live […]

     

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  • Six Flags Qiddiya Sneak Peek Construction Footage

    In recent footage we get a glimpse of the Qiddiya City project including Six Flags Qiddiya which is 59% completed ahead of a late 2024 opening, there are also glimpses of Falcon’s Flight the worlds tallest, longest and fastest rollercoaster.

  • 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.