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  • Opportunities in Water Production
     

    Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]

     
  • 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 […]

     

MUST-READS

  • Russian President Vladimir Putin visits UAE, Saudi Arabia seeking to boost Moscow’s Mideast clout

    Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in an one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker even as his war Ukraine grinds on. Putin landed in Abu Dhabi, the capital of the Emirates, that is hosting the United Nations’ COP28 climate talks. It was his first trip to the region since before the coronavirus pandemic and the 2022 invasion of Ukraine.

  • Saudi Arabia Revenues Surprise by Topping Expectations Despite Oil Cuts

    Saudi Arabia recorded higher budget revenues than expected this year despite a sharp drop in oil prices and production. Still, a ramp-up in spending on Crown Prince Mohammed bin Salman’s multi-trillion-dollar plan to diversify the economy left the budget with a deficit of 82 billion riyals ($22 billion), according to official figures published on Wednesday.

  • Saudi Arabia urges US restraint as Houthis attack ships in Red Sea

    Saudi Arabia has asked the United States to show restraint in responding to attacks by Yemen's Houthis against ships in the Red Sea, two sources familiar with Saudi thinking said, as Riyadh seeks to contain spillover from the Hamas-Israel war. The Iran-aligned Houthis have waded into the conflict that has spread around the Middle East since war erupted on Oct. 7, attacking vessels in vital shipping lanes and firing drones and missiles at Israel itself.

  • Israeli forces storm Khan Younis in south Gaza, killing scores of Palestinians

    Israeli forces stormed southern Gaza's main city on Tuesday in what they called the most intense day of combat in five weeks of ground operations against Hamas militants, and hospitals struggled to cope with scores of Palestinian dead and wounded. In what appeared to be the biggest ground assault in Gaza since a truce with Hamas unravelled last week, Israel said its forces - which were backed by warplanes - had reached the heart of Khan Younis.

  • Israel Weighs Plan to Flood Gaza Tunnels With Seawater

    Israel has assembled a system of large pumps it could use to flood Hamas’s vast network of tunnels under the Gaza Strip with seawater, a tactic that could destroy the tunnels and drive the fighters from their underground refuge but also threaten Gaza’s water supply, U.S. officials said. The Israel Defense Forces finished assembling large seawater pumps roughly one mile north of the Al-Shati refugee camp around the middle of last month. Each of at least five pumps can draw water from the Mediterranean Sea and move thousands of cubic meters of water per hour into the tunnels, flooding them within weeks.

  • US aid chief arrives in Egypt with aid for Gaza, announces more aid for Palestinians

    U.S. aid chief Samantha Power arrived in Egypt's Sinai Peninsula on Tuesday, where she announced more than $21 million in additional assistance for the Palestinian people affected by the conflict between Israel and Islamist group Hamas. The USAID administrator arrived in Al Arish with a delivery of 36,000 pounds of food assistance and medical supplies airlifted by the Department of Defense from Jordan and intended for Gaza, according to a statement.

  • Libya’s NOC targets near zero gas flaring by 2030, says chairman

    Libya's National Oil Corporation (NOC) expects to achieve close to zero gas flaring by 2030, Chairman Farhat Bengdara said in a press conference at the COP28 summit on Tuesday. Bengdara added that NOC is aiming for an 83% reduction in gas flaring by 2030.

  • Al-Khateeb: Expo 2030 site designs completed under supervision of Crown Prince

    Minister of Tourism Ahmed Al-Khateeb said that the designs for the Expo 2030 site in Riyadh have been completed under the full supervision of Crown Prince and Prime Minister Mohammed bin Salman. Addressing a session titled “Investing in Sustainable Tourism” at the Saudi Green Forum 2023 in Dubai, he said that the Kingdom is fully confident that these designs will meet environmental standards and preserve heritage and history. Regarding the tourism sector, Al-Khateeb confirmed that the Kingdom has begun the process of preparing all tourism-related facilities, whether by increasing hotels or aircraft seat capacity, in addition to establishing a new airport in Riyadh that can accommodate 20 million passengers.

  • Saudi B2B E-Commerce Platform Retailo Raises $15 Million

    Retailo, a leading B2B digital distribution company in Saudi Arabia, has raised $15 million in funding to bolster its operations, expand into new verticals, and strengthen its presence within the country. The investment, which includes contributions from strategic investors such as Yusuf Bin Kanoo Group and Majd Digital, aims to support Retailo's unique approach to B2B digital distribution and its growing popularity among investors.

  • Jon Rahm’s mega-money move to Saudi-backed LIV ‘imminent’ and will be ‘announced this week’

    Jon Rahm will make a mega-money move to LIV golf in a deal that will shock the sport this week, according to reports. There has been mounting speculation that the Spaniard is leaving the PGA Tour for Saudi-backed LIV golf in a move that could earn him as much as a staggering $600million.