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  • Saudi Aramco Rethinks Global Communications Strategy
     

    Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]

     
  • Top-10 ranking in sight for Tadawul
     

    Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.

     
  • American Public Opposes Israel Striking Iran
     

    A new poll finds that only one in four Americans favors Israel conducting a military strike against Iran’s nuclear program. Seven in ten (69%) favor the US and other major powers continuing to pursue negotiations with Iran, a position that is supported by majorities of Republicans (58%), Democrats (79%) and Independents (67%).

     
  • SACM Career Fair and Graduation Ceremony Begins in Washington
     

    Saudi students from around the United States are descending on the U.S. capital for a graduation ceremony and career fair organized by the Saudi Arabian Cultural Mission (SACM) on May 26-27. SACM, in coordination with the Saudi Ministry of Higher Education, will host the SACM Career Fair and Graduation Ceremony this weekend at the Gaylord […]

     
  • Global Markets Drag on TASI
     

    The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on […]

     
  • USTR: Saudi Continues to Protect Intellectual Property Rights
     

    The Office of the U.S. Trade Representative on Monday released the 2012 Special 301 Report reviewing the intellectual property protection policies of foreign nations.  Saudi Arabia is not named on the “Watch List” again this year and has not been since a successful Out-of-Cycle Review in 2009 to resolve IP issues in cooperation with the […]

     
  • How Gulf Countries Are Splurging at Home
     

    Asa Fitch, writing in the Wall Street Journal, details the extent to which oil dollars are fueling economic growth “at home” for GCC countries: Booming oil prices are flooding Arab countries with money, but where the lion’s share of that wealth would once have been pumped into the world’s financial markets, much of it is […]

     
  • Island in the Gulf – A Film of Juraid Island
     

    One of the great joys of living in Saudi Arabia has always been the natural environment itself – the dunes, the jebals and especially the Gulf with its beaches, reefs and islands. For those lucky enough to visit Juraid Island, fifteen miles offshore from Jubail, the experience has always been unforgettable. A pristine island shaped […]

     
  • Foreign Military Sales Keep Production Lines Hot
     

    “Partnership building is part of one of the largest benefits that we see,” Hunt said. “It’s building and maintaining friendships, it’s about building allies. United States Central Command, or CENTCOM, is obviously a very busy place for the United States now. The more that we can help those countries not only defend, but operate amongst […]

     
  • SEC unveils SR452b projects
     

    The Saudi Electricity Company (SEC) has allocated SR452 billion to implement energy projects until the year 2021 according to SEC Chairman of the Board of Directors Dr. Saleh Bin Hussein Al-Awaji. These projects will provide services consistent with international standards, including building up an adequate power at a peak time about 10 percent of combined capacity. The […]

     

MUST-READS

  • ‘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.

  • MBC Group Floats 10% Stake On Saudi Stock Exchange

    Shareholders at Saudi Arabian media giant MBC Group are seeking to raise as much as $222 million by listing the company on the Saudi Exchange, known as Tadawul. We reported on plans for the public offering earlier this month. The broadcaster is selling 33.25 million new shares, equivalent to 10 per cent of its total capital. The price range for the sale has been set between 23 and 25 riyals a share. HSBC Saudi Arabia is the lead manager on the sale alongside JP Morgan Saudi Arabia and SNB Capital, who are on board as financial advisors.

  • Tensions Rise at the COP28 Climate Summit

    Al Jaber struck back against critics of fossil fuels, who want to see them phased out in the coming decades in an effort to keep global temperatures from rising 1.5 degrees Celsius, a level considered disastrous by many experts. “There is no science out there, or no scenario out there, that says that the phaseout of fossil fuel is what’s going to achieve 1.5 C,” he said at an event before the summit.

  • Metallica set to make history as first US heavy metal band to play in Saudi Arabia

    Metallica will make history next month as the first US heavy metal band to play in Saudi Arabia. The group, composed of James Hetfield, Lars Ulrich, Kirk Hammett and Robert Trujillo, will perform in Riyadh on December 14, kicking off the three-day Soundstorm festival, one of the region's biggest events of its kind since its launch in 2019. A post from Metallica on Facebook read: “We're not done with 2023 yet, as an amazing opportunity has just come our way to perform at a major Festival, which we've never played, in a part of the world we rarely visit. We are excited to announce that on Thursday December 14th we will be the first ever hard rock band to play MDLBeast's Soundstorm Festival in Riyadh, Saudi Arabia.”

  • After success abroad, Saudi designers hit the runway at home

    Couturier Adnan Akbar's past clients included Princess Diana and two French first ladies, but until recently he had never staged a major fashion show in his native Saudi Arabia. The 74-year-old, dubbed the "Saint Laurent of the Middle East", was among the most decorated designers at this year's inaugural Riyadh Fashion Week, a milestone in a country that used to require women to wear hijab headscarves and abaya robes in public. On a runway set up in Riyadh's financial district, in front of a mixed-gender crowd of Instagram influencers and diplomats, models donned more than two dozen of Akbar's floor-length gowns, and one wedding dress sewn from French lace.

  • US compels Saudi fund to exit Altman-backed AI chip startup

    The Biden administration has forced a Saudi Aramco-backed venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News reported on Thursday. Altman-backed Rain Neuromorphics, a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, raised $25 million in 2022.

  • America’s Cup Racing Sets Sail In Saudi Arabia

    When it comes to high-performance racing sailboats, no other event combines history, tradition and cutting-edge innovation quite like the America’s Cup. While the actual America’s Cup Regatta is scheduled to take place in Barcelona next summer, race teams are competing in a series of preliminary regattas all around the world between now and then. And for the first time in the America’s Cup’s 172-year history, the world’s top teams will be racing in the Kingdom of Saudi Arabia at The America’s Cup Preliminary Regatta Jeddah, presented by NEOM.

  • Red Sea Film Festival Opens With Will Smith, Johnny Depp, Sharon Stone

    Saudi Arabia’s Red Sea Film Festival kicked off its third edition on Thursday with the world premiere of Dubai-based Iraqi director Yasir Al-Yasiri’s fantasy “HWJN” and a glitzy red carpet featuring Will Smith, Sharon Stone, Baz Luhrmann, Ranveer Singh and a slew of Arabic stars. Johnny Depp also posed on the red carpet and attended the opening gala, but kept a lower profile. Depp is at the festival with Maïwenn’s Cannes-opener “Jeanne du Barry,” which was funded by the Red Sea Film Foundation. Maïwenn also made the trek to Jeddah. Depp’s relationship with the foundation now continues with his directorial effort “Modi,” a biopic about Italian painter and sculptor Amedeo Modigliani also backed by the fund. The actor is scheduled to deliver an onstage conversation in the coming days.

  • As Saudi Arabia wins bid for 2030 World Expo, a new book lifts the lid on the Kingdom’s push to be a key art world player

    Saudi Arabia boosted its cultural and diplomatic credentials yesterday (28 November) by winning the bid to host the Expo 2030 world fair, beating Italy and South Korea in a landslide vote during a closed-door meeting in Paris. The victory is the latest move to rebrand a state considered isolationist and ultra conservative until only a decade ago, which also has a concerning record on human rights.