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  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     

MUST-READS

  • KSrelief Sends Second Saudi Relief Ship to Gaza

    The King Salman Humanitarian Aid and Relief Center (KSrelief) dispatched on Saturday its second relief ship from Jeddah Islamic Port, as part of the Saudi initiative to provide aid to the people of the Gaza Strip. The ship is en route to Said Port, Egypt, and is carrying 58 containers with a total weight of 890 tons. Out of these, 21 containers contain medical supplies, solutions, and medicines, while the remaining 37 containers are loaded with various foodstuffs and milk. These items will be transported to the people of the Gaza Strip, providing essential aid to the enclave.

  • Asia’s first-ever Saudi Arabia ETF to be listed in Hong Kong

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Asia's first-ever Saudi Arabia exchange-traded fund (ETF) will be listed in Hong Kong on Nov. 29. Chan said in his blog that investors will be able to trade the constituent stocks of the Saudi stock market directly in the Hong Kong market through the ETF in Hong Kong dollar or renminbi (RMB), including oil company Saudi Aramco. This ETF has the largest assets of its kind in the world.

  • Morocco Becomes Leading Blueberry Supplier to Saudi Arabia

    Morocco has become the leading supplier of blueberries to Saudi Arabia, outperforming several other markets including Chile, Peru, and South Africa.

    Data from agriculture-focused news outlet East Fruit said that Morocco has exported 480 tonnes of fresh blueberries to Saudi Arabia in the 2022/2023 market year. Morocco has doubled the number of its blueberry exports to the Gulf country, compared to less than 200 tonnes exported last year.

  • Saudi authorities arrest over 10k residency violators

    Saudi authorities arrested 17,463 people in one week for breaching residency, work and border security regulations, according to an official report. A total of 10,856 people were arrested for violations of residency laws, while 3,934 were held over illegal border crossing attempts and a further 2,673 for labor-related issues, the Saudi Press Agency reported on Saturday. The report showed that among the 773 people arrested for trying to enter the Kingdom illegally, 44 percent were Yemeni, 45 percent Ethiopian, and 11 percent were of other nationalities.

  • Overhauling Business Frameworks: An Insight Into Saudi Arabia’s New Companies Law

    In the ever-evolving landscape of Saudi Arabian business regulations, the Saudi Arabia Companies Law to improve the legal framework for businesses stands out as a pivotal milestone. Enacted in 2015, this law is more than a set of amendments; it's a commitment to fostering a business environment that is not only flexible but also deeply rooted in modern corporate governance principles.  

  • Saudi Arabia unveils lineup for 5th Winter at Tantora

    As winter approaches, anticipation is building for the fifth Winter at Tantora, a month-long cultural extravaganza presented by AlUla Moments. Running from Dec. 21 to Jan. 27, the festival has become the region’s premier event, blending culture, art, and music against the backdrop of AlUla’s stunning desert landscapes.

  • Ancient 20-inch-long hand ax discovered in Saudi Arabia may be world’s largest

    Archaeologists in Saudi Arabia have discovered what may be the world's largest prehistoric hand ax. The stone tool measures 20.2 inches (51.3 centimeters) long and, despite its size, is easily held with two hands, according to a statement. An international team of researchers found the basalt hand ax on the Qurh Plain, just south of AlUla, a region in northwest Saudi Arabia. Both of the hand ax's sides have been sharpened, suggesting that it could have been employed for cutting or chopping. However, it's still unclear how the stone tool was used and which species, for instance Homo erectus or Homo sapiens, crafted it.

  • Economic Diversification Efforts Paying Off in GCC Region but More Reforms Needed

    The Gulf Cooperation Council (GCC) region is estimated to grow by 1% in 2023 before picking up again to 3.6 and 3.7 % in 2024 and 2025, respectively, according to the recently published World Bank Gulf Economic Update (GEU) report. The weaker performance this year is driven primarily by lower oil sector activities, which is expected to contract by 3.9%, to reflect OPEC+ successive production cuts and the global economic slowdown. However, the reduction in oil sector activities will be compensated for by the non-oil sectors, which are expected to grow by 3.9 % in 2023 and 3.4 % in the medium term supported by sustained private consumption, strategic fixed investments, and accommodative fiscal policy.

  • World Bank: Saudi Arabia’s Non-Oil Sectors Continue to Grow, Women’s Participation in Workforce Doubles

    The World Bank (WB) report titled "Structural Reforms and Shifting Social Norms to Increase Women's Labor Force Participation" revealed the latest economic developments in the Gulf Cooperation Council (GCC) countries. The report indicates that the efforts towards economic diversification in the region have started to show positive results, but there is still a need for further reforms. According to the report, the number of workers in the Saudi private sector increased by approximately 153,300 by the end of the first half of 2023 compared to the end of the first half of 2022, with the total number of workers being around 2.3 million. The report also highlights that the participation of Saudi women in the workforce has doubled within six years, rising from 17.4% in early 2017 to 35.3% in the second quarter of 2023.

  • GCC States and the War on Gaza: Positions, Perceptions, and Interests

    There is not, and may never have truly been, a single ‘Gulf-wide’ position on Israel (or Palestine for that matter). Instead, the six Gulf Cooperation Council (GCC) states straddle a spectrum of positions toward Israel from no ties (Kuwait) to pragmatic coexistence (Oman, Qatar, and Saudi Arabia) to full normalization (Bahrain and the United Arab Emirates). Initial statements by Gulf governments in response to the October 7 Hamas attack on Israel echoed these positions, as the UAE and Bahrain condemned Hamas for the eruption in violence while the other four states, including Saudi Arabia, placed greater focus on the Israeli occupation as a contributory factor.