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  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     
  • Growing Domestic Demand threatens Energy Export Position
     

    “As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • Interview with Thuraya Al-Arrayed, Women Join Shura Council
     

    This month King Abdullah of Saudi Arabia kept his promise and appointed women to the Shura Council for the first time. The council is a non-voting, advisory body. But the inclusion of women is significant. Anchor Marco Werman speaks with Thuraya al-Arrayed, one of the Shura’s new female members.

     
  • Oil Exports, Politics and Propaganda
     

    Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     
  • Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
     

    The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.

     
  • Breakthrough in Saudi Arabia: 30 women named to parliament
     

    King Abdullah Bin Abdul Aziz of Saudi Arabia issued Friday a historic decree allowing women to be members of the kingdom’s previously all-male Shura Council for the first time. The decree amended two article in the council’s statute introducing a 20 percent quota for women in the country’s 150-member Shura Council, and the king appointed […]

     

MUST-READS

  • Saudi Founding Day 2024: What is it and how is it different from National Day?

    Thursday, February 22, marks Saudi Arabia's Founding Day, a new annual holiday to commemorate the founding of the first Saudi state. The holiday was established with a royal decree issued by King Salman in 2022 through the official Saudi Press Agency. It said the holiday will commemorate the history of Saudi rule dating back hundreds of years. It is a different event to Saudi National Day, which falls on September 23.

  • US blocks ceasefire call with third UN veto in Israel-Hamas war

    The United States on Tuesday again vetoed a draft United Nations Security Council resolution on the Israel-Hamas war, blocking a demand for an immediate humanitarian ceasefire as it instead pushes the 15-member body to call for a temporary ceasefire linked to the release of hostages held by Hamas. Thirteen council members voted in favor of the Algerian-drafted text, while Britain abstained. It was the third U.S. veto of a draft resolution since the start of the current fighting on Oct. 7. Washington has also used its veto to block an amendment to draft resolution in December.

  • Alat and Carrier to build HVAC facility in Saudi Arabia

    Alat, a Public Investment Fund (PIF) company, and Carrier Global Corporation (NYSE: NYSE:CARR), have announced a partnership to establish a state-of-the-art manufacturing and R&D center in Saudi Arabia. This facility is set to produce advanced heating, ventilation, and air conditioning (HVAC) solutions to meet the demands of the Kingdom's Giga projects like NEOM, as well as for broader regional and global distribution.

  • Saudi Aramco: 6 Million Bpd of Global Oil Production Is Being Lost Every Year

    Global oil supply is sufficient now, but natural declines at oilfields mean that the world would need to find a Saudi Arabia every two years to offset these production drops, Saudi Aramco’s chief financial officer Ziad Al-Murshed has said. Due to the natural decline in operating fields, as many as 6 million barrels per day (bpd) of global oil production is being lost every year and needs to be replaced, Al-Murshed said at the Saudi Capital Market Forum 2024 in Riyadh. The world is down to 3% of spare crude oil production capacity of global demand, Aramco’s executive said.

  • REITs constitute 34% of total Saudi funds with SAR 192B: Official

    Fahad bin Hamdan, Assistant Deputy, Financing, and Investment at the Capital Market Authority (CMA), said that real estate investment trusts (REITs) make up 34% of the total size of funds in Saudi Arabia, with SAR 192 billion, according to Al Eqtisadiah newspaper. Previously, REITs accounted for nearly 18% of total funds, a percentage that has increased over the past decade. The multiple real estate financing products offered by the CMA boosted the REITs size, he added.

  • Day 2 at ICJ hearing: Saudi Arabia condemns Israel’s actions in Palestinian Territories as ‘legally indefensible’

    South Africa on Tuesday urged the International Court of Justice (ICJ) to issue a non-binding legal opinion that the Israeli occupation of Palestinian territories is illegal, arguing it would help efforts to reach a settlement. Representatives of South Africa opened the second day of hearings at the ICJ, also known as the World Court, in the Hague. The hearing follows a request by the UN General Assembly for an advisory, or non-binding, opinion on the occupation in 2022. More than 50 states will present arguments until Feb. 26.

  • Minister Al-Ibrahim: Saudi Arabia to invest heavily in highly competitive non-oil sectors

    Al-Ibrahim said that the future plan for Saudi Arabia within its Vision 2030 spurred economic growth by inviting private sector investors to participate in creating new opportunities across a host of growing sectors. “The Saudi Vision 2030 is a major topic that is strongly presented in major international forums, especially at a time when many countries are looking for inspiration from the experiments of Saudi Arabia’s successful strategy to learn how to score many achievements at various levels in a record period of time,” he said.

  • SenseTime wins deals in Saudi Arabia in return for investment in domestic firms

    A joint venture formed in 2022 was formed by SenseTime with $207M in support from the Saudi Company for Artificial Intelligence (SCAI) to develop AI applications in the Middle East. The SCAI is owned by the kingdom’s sovereign wealth fund. The terms of the deal stipulate that if the JV is not acquired or does not hold an initial public offering within seven years, SenseTime must buy out the SCAI’s share.

  • Saudi Arabia sets dress code for high-ranking officials and legal practitioners

    Saudi Arabia has issued guidelines specifying the formal use of the traditional men’s cloak, bisht, for certain categories of individuals and officials at formal events and workplaces. The directive mandates the wearing of the bisht for emirs and deputy emirs of provinces, governors, ministers, assistant and deputy ministers, leaders of independent departments and their deputies, as well as heads and deputy heads of town centres.

  • Architectural Heritage through Timeless Fashion

    Saudi designer Makram Marzuki's fashion collection Banat Al-Balad, on display at Zainal House in Jeddah's famed Al-Balad neighborhood, skillfully blends past and present to recognize the city's rich cultural legacy. Jeddah native Marzuki purposefully used his city as the inspiration for this unique collection, aiming to capture the spirit of Al-Balad's coral stone, and limestone buildings, and elaborately adorned wooden rawashin windows.