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  • 5 Things to Know About the 2013 SACM Career Fair and Graduation Ceremony This Week
     

    The 2013 SACM Career Fair and Graduation Ceremony begins this week at the Gaylord National Harbor in the Washington, D.C. area. Thousands of Saudi students will descend on the nation’s capital to participate in this impressive event, which celebrates the achievements of Saudi students on the King Abdullah Scholarship Program and matches them with real […]

     
  • Slideshow: Coming to Riyadh’s KAFD: A Female-Designed Metro Station
     

    A leading female architect has been chosen to be the lead architect of the forthcoming metro station in the brand-new King Abdullah Financial District, Arabian Business reports.

     
  • Saudi Arabia: Car Manufacturer?
     

    A new report states that Saudi Arabia is in negotiations with Jaguar Land Rover for a production line in Yanbu, an industrial city, following an initial agreement signed last year. The National reports that the Indian-owned company “can count on Saudi government investment of close to US$1 billion and some of the world’s cheapest aluminium. […]

     
  • Saudi Aramco to open 3 research centers in the United States
     

    Saudi Aramco announced the opening of three research centers in the United States at the Offshore Technology Conference in Houston today, according to a report in Rigzone. The three new centers in the United States will “join a worldwide network of research centers established by Saudi Aramco to leverage scientific expertise and further complement the cutting-edge […]

     
  • Save the Date for the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California
     

    The 2013 US-Saudi Business Opportunities Forum, to be held in Los Angeles, California at the JW Marriott L.A. Live on September 16-18, is the third in a series of extraordinarily successful gatherings featuring top American and Saudi government and private sector leaders and providing an ideal platform for building new and lasting business ties. Please visit www.us-saudiforum.com to register your interest.

     
  • Saudi Aramco showcases advanced technology at OTC
     

    The Offshore Technology Conference in Houston is a major event that brings together energy companies from around the world. OTC is billed by organizers as “the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.” OTC was founded in 1969 and is held annually at the […]

     
  • A Kingdom’s Thirst: The Saudi Water Challenge
     

    It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.

     
  • The Saudis on the ‘Arabian Business’ Power 500 List
     

    The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]

     
  • 17-day long Janadriyah festival for Saudi Heritage and Culture to begin April 3
     

    The 28th National Festival for Heritage and Culture at Al-Janadriyah showcasing the cultures and traditions of Saudi Arabia will open Wednesday, April 3, the Saudi Gazette reports. The festival is a display of Saudi culture and tradition. China is a guest country at the celebration, and will have a pavilion that is 2.000 sq. meters “at the […]

     
  • Twitter Use Booms in Saudi Arabia: Infographic
     

    Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]

     

MUST-READS

  • Saudi Arabia pushes for U.S. defence pact ahead of presidential election

    Saudi Arabia would be willing to accept a political commitment from Israel to create a Palestinian state, rather than anything more binding, in a bid to get a defence pact with Washington approved before the U.S. presidential election, three sources said. Months of U.S.-led diplomacy to get Saudi Arabia to normalise relations with Israel and recognise the country for the first time were shelved by Riyadh in October in the face of mounting Arab anger over the war in Gaza.

  • First Saudi Arabian Grand Prix concert headliners announced

    Turn up the volume because the Saudi Arabian Grand Prix concerts have just been announced and you are going to be happy. The concerts will feature Pharrell Williams and Martin Garrix. Saudi Arabian Grand Prix is racing back into the Red Sea City from Thursday March 7 to Saturday March 9 and will be the second race of the season.

  • Saudi Arabia among first to start pavilion build for Expo 2025 Osaka

    Saudi Arabia has begun constructing its pavilion at the Expo 2025 Osaka site on Yumeshima Island, making it among the first nations to do so. The design reflects the Kingdom’s history, culture and current economic transformation. The ceremony on Jan. 31 to announce the construction was attended by government delegates from Japan, and officials from other nations participating in Expo 2025 Osaka. Saudi Arabia’s delegation at the ceremony was led by Othman Almazyad, commissioner-general for the Kingdom’s Expo 2025 Osaka.

  • Commentary: Saudi Arabia’s oil production move

    There's no real consensus about why Saudi Arabia ditched plans to raise its max oil pumping capacity — a decision the kingdom has not explained. Some in the energy market's analyst hive-mind see a tacit concession that long-term consumption increases won't match the Saudi's bullish public stance.

  • What are people in Saudi Arabia buying?

    The number one used financial app is STC pay. 45 per cent of Saudi Arabia’s population say that Stc Pay is the mobile payment platform they typically use. The second app that is not far behind in numbers is Mada Pay. Surprisingly, global payment platforms such as Apple Pay and Samsung Pay lie on the lower end of the scale. Apple Pay is used more often compared to Samsung Pay, when comparing 32 per cent of people who said they used Apple Pay to Samsung Pay’s 11 per cent. When it comes to financial services, most of the respondents opted for Mada as their choice. After Mada, the next most popular ones are Visa and Stc Pay. When it comes to retail banks on the other hand, almost half of the respondents chose Alrajahi Bank. The remaining were split almost equally between Riyad Bank and Alinma Bank.

  • CENTCOM chief in Saudi Arabia to meet top military general as violence engulfs region

    The top US military general for the Middle East met with Saudi Arabia’s Chief of General Staff, Gen. Fayyad Al-Ruwaili, on Wednesday to discuss deepening military and defense ties, the Saudi Ministry of Defense said. United States Central Command (CENTCOM) chief Gen. Erik Kurilla visited the Kingdom, where they discussed bilateral relations as well as the prospects for cooperation in various fields, a statement from the Saudi ministry said.

  • The Rise of Saudi Arabia’s Venture Capital Ecosystem: A 5-Year Reflection

    Against the gloomy picture painted in most regions, Saudi Arabia weathered this storm with success, becoming MENA’s leading market for venture capital funding, where $1.38BN was deployed in capital to Saudi-headquartered startups in 2023. Central to this was the investment in four MEGA deal rounds, investments greater than $100M+, which were closed by Nana, Floward, Tamara, and Tabby, with the latter announcing their relocation to the Kingdom in Q4 2023. These four deals together captured 64% of the capital deployed in the Kingdom.

  • The Rise of Saudi Arabia’s Venture Capital Ecosystem: A 5-Year Reflection

    2023 was a rollercoaster year for Venture Capital. Globally, VC funding fell to $248.4B in 2023, the lowest level since 2017, while transaction volume fell by 30% YoY to 29,303 deals in 2023, a 6-year low, as reported by CB Insights. This trend was against the backdrop of stricter monetary conditions, rising inflation, and, in some regions, geopolitical instability. The Middle East and North Africa (MENA) Region is a prime example of this; amidst rising interest rates, technological disruptions, and geopolitical tensions, the number of deals in MENA reached its lowest levels since 2018, declining by 34%, while capital deployed retreated by 23% YoY, as reported in our MAGNiTT FY 2023 MENA Venture Investment Report.

  • HRH Crown Prince launches ‘Alat’ to contribute in making Saudi Arabia a global hub for electronics and advanced industries

    Alat will focus on manufacturing products that serve local and international markets within seven key strategic business units: advanced industries and semiconductors, as well as smart appliances, smart health, smart devices and smart buildings, in addition to next generation infrastructure. The company, chaired by HRH Crown Prince, aims to enhance the capabilities of the Saudi technology sector, increase its contribution to local content – benefiting from the rapid development of this sector – increasing the nation’s attractiveness and its ability to create investment opportunities. Alat will also enable the private sector through its strategic partnerships with leading international players in manufacturing and technology, which will enhance the economic ecosystem locally and regionally.

  • Analysis: The transformative journey of Saudi Arabia’s exports

    Saudi Arabia's Vision 2030 represents a fundamental shift from traditional reliance on oil to building a more sustainable economic landscape. The analysis from GGC Consulting, which stretches a period of seven years, shows a significant 78% increase in non-oil exports, amounting to 137 billion Saudi Riyals. This growth corresponds with a 12% rise in the real gross domestic product (GDP) and an impressive 744% surge in the current account. According to the researchers, the developments demonstrate the dynamic interaction between economic growth, and that of exports and the current account.