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  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     

MUST-READS

  • Saudi Arabia’s strategy with the OPEC+

    The adoption of reductions in production has profound consequences for Saudi Arabia's domestic economy. In the short term, lower oil output means lower government revenue from oil exports. This may provide a challenge to the Kingdom's budget, particularly given Vision 2030's ambitious expenditure programmes. The Saudi government projected a US$21 billion shortfall in 2024 owing to lower oil income. Despite these problems, the cutbacks are part of a larger strategy to maintain long-term economic stability and prosperity. The extension of cutbacks until mid-2024 aims to ensure market stability while progressively restoring further cut volumes based on market conditions.

  • Q&A: The Hidden Element Transforming Tourism in Saudi Arabia

    Helicopters rarely spring to mind when considering conventional facets of tourism. Yet, their role in the travel industry is surprisingly foundational. They provide essential support in tourism logistics, from facilitating the construction of new tourism infrastructure to providing aerial support for events and activities, medical facilities, and more. Their contribution is quietly transformative in Saudi Arabia, where expansive giga-projects dominate the landscape.

  • Parsons Awarded over $160 million Contracts in Saudi Arabia

    The Projects including a confidential $41 million contract for technical consulting, $60 million of additional scope on existing contracts, approximately $30 million of new work for a resort and marina and new work supporting a Saudi developer.

  • Commentary: Is a Defense Treaty With Saudi Arabia Worth the Commitments?

    In the latest from the Pivotal States series, which examines alternative U.S. foreign policy approaches to the world’s key nations, American Statecraft Program Director Christopher S. Chivvis discussed the future of the U.S.-Saudi Arabia relationship with Kim Ghattas, a contributing editor at Financial Times; Aaron David Miller, American Statecraft senior fellow; and Ambassador Dennis Ross, distinguished fellow at the Washington Institute for Near East Policy.

  • Groundbreaking Saudi-Turkish Road Comedy ‘My Treat’ to Be Produced by Front Row Productions, Alamiya Filmed Entertainment

    Dubai-based Front Row Productions and new Saudi production company Alamiya Filmed Entertainment have teamed on “My Treat” (“Mahmool Makfool”), a Saudi-Turkish road-trip comedy about the misadventures of three young Saudi women who are big fans of Turkish soaps.

  • Saudi Arabia reveals all 15 stadiums for the 2034 World Cup

    Revealed as part of its official bid submission to FIFA, the 15 stadiums will be based in and around four cities – Riyadh, Jeddah, Al Khobar and Abha, as well as the under-construction The Line. In total 11 new stadiums are planned for the World Cup, with three currently under construction. The country's two current largest stadiums will be renovated, while two further existing stadiums will be temporarily expanded during the tournament.

  • Saudi wealth fund signs $50 bln of deals with Chinese financial firms

     Saudi Arabia's sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with leading Chinese financial institutions, the fund said in a statement on Thursday. The MoUs were signed with Agricultural Bank of China (ABC), Bank of China (BoC), China Construction Bank (CCB), China Export and Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and the Industrial and Commercial Bank of China (ICBC), the statement added.

  • Top Saudi Chemical Firm Beats Profit Estimate in Sign of Rebound

    The results will provide some relief for an industry that’s struggled with demand concerns in recent quarters. Global behemoth BASF SE reported lower second-quarter earnings while specialty-chemicals maker Lanxess AG flagged improvements but cautioned that it doesn’t see a broader market recovery yet. Sabic had itself earlier this year warned about “considerable uncertainty.”

  • Saudi Arabia’s flynas flies over 7 million passengers in H1 2024

    Saudi Arabia-based low-cost carrier flynas welcomed more than seven million passengers on board its flights in the first half of 2024, a 47 percent growth. The airline also reported a 37 percent increase in seat capacity for domestic and international flights during the period, compared with the same period of 2023, days after announcing the landmark purchase of 160 Airbus aircraft.

  • The rise of solar energy in Saudi Arabia

    The best way to understand their changing approach is to look at the speed at which things are changing. Between 2022 and early 2024, Saudi Arabia added 2.1 gigawatts (GW) of renewable power capacity, a 300% increase from the 700 megawatts (MW) that was created between 2012 and 2022. According to a study by GlobalData, if they continue at their current pace, they could reach 31.5 GW of renewable energy by 2030 and 63.1 GW by 2035.