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  • Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
     

    Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up.  Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]

     
  • Why California Can Learn from Saudi Arabia’s Water Challenges
     

    California has serious water challenges as Governor Jerry Brown issued a mandatory restriction on usage for the first time. Writing on revealnews.com in an excellent in-depth examination between the two countries, Nathan Halverson notes that Saudi Arabia’s challenges with water present lessons for the largest state in the U.S. Halverson dives into the history of […]

     
  • Saudi Arabia’s Stock Market to Open to Foreign Investment June 15th
     

    Saudi Arabia will open its stock market to wider foreign investment on June 15th, 2015, according to a breaking news story in Reuters.  A report yesterday in Bloomberg found that Saudi Arabia’s Capital Market Authority had not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. “Final […]

     
  • Saudi Arabia’s ‘New Desert Megacity’ KAEC 15% Complete
     

    The BBC’s Sylvia Smith checks in on development at the King Abdullah Economic City north of Jeddah, one of four “megacity” projects envisioned by King Abdullah to be developed in the coming years. At a cost of $100bn, Saudi Arabia’s King Abdullah Economic City (KAEC) is currently only 15% completed. “Peppered with cranes, the city […]

     
  • King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
     

    After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]

     
  • Prince Turki al Faisal Says Poorly-Coordinated ‘Pinprick’ Attacks on Daesh Are Too Limited to Succeed
     

    Saudi Arabia’s Prince Turki al Faisal told NPR that limited attacks on the self-styled Islamic State, or Daesh, are unlikely to work and that efforts thus far have been “disjointed.” “Having simply these pinprick attacks on certain areas is not going to resolve the issue,” al Faisal said, and added, “You really have two air […]

     
  • Saudi Arabia Evacuates Embassy in Yemen as Houthis Make Gains
     

    Saudi Arabia has suspended operations at its embassy in Yemen and evacuated its staff as the security situation there deteriorates, various agencies are reporting. Sanaa, Yemen’s capital, is currently under control of a Shiite militant group, the Houthis, who have battled the Saudi government along its long border with the Kingdom for years.  The AFP […]

     
  • Discovering Business in Saudi Arabia 2014-2015
     

    The Saudi-British Relations Information Service (SBRIS), shares with its readers the 2014-2015 Discovering Business handbook published by Allurentis Ltd, in association with UK Trade and Investment and the Saudi Committee for International Trade. The report series, now available on SBRIS in three sections with more forthcoming, highlights key sectors and provides important, in-depth data on the […]

     
  • Royal Succession Planning at Saudi Inc.
     

    Following the death of Saudi Arabia’s King Abdullah, it is important for companies to be prepared to answer questions from the corporate office regarding how royal succession impacts Saudi Arabia’s trajectory. New Saudi King Salman’s ascension to the throne, and the appointment of Crown Prince Muqrin, represents continuity from King Abdullah’s reign. Salman is unlikely […]

     
  • Photos: Rare Snow Blankets Areas of Saudi Arabia
     

    A rare blanket of snow hit areas of Saudi Arabia on Monday, causing a stir on social media sites and even eliciting a Fatwa about snowmen. The bulk of the snow hit a town near the northern city of Tabuk, according to the BBC. Images appearing on the website Alriyadh.com, which often has excellent user-submitted photographs […]

     

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