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  • 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 […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     

MUST-READS

  • Google’s new cloud region to add $109 billion to Saudi Arabia’s economy

    Google Cloud has officially announced the opening of its new cloud region in Dammam, Saudi Arabia. This strategic expansion aims to deliver high-performance, low-latency Google Cloud Platform services, catering to a diverse range of clients from public sector organisations and large businesses to small and medium-sized enterprises (SMEs) and startups across Saudi Arabia and the wider Middle East.

  • Woman who fled Saudi Arabia with daughter wins court battle to stay in US

    A US court has ruled that an American activist who fled Saudi Arabia with her daughter in 2019 will be allowed to defy a Saudi custody order and remain in the country with her child because she would face a serious risk of being put to death if she returned to the kingdom.

    The case represents the first time that Saudi rules governing child custody and its use of the death penalty against female activists have faced judgment in a US court.

  • Oil Giant Aramco Drills Down on Saudi ICS Security

    "Our work with Dragos serves to accelerate our country's Vision 2030 objectives to foster economic relations with global partners and advance our digital economy," said Ahmad Al-Khowaiter, executive vice president of technology and innovation at Aramco, in signing the deal. The initiative comes a decade after Aramco infamously experienced a devastating malware attack that infected 35,000 of its computers for several hours. The incident led Aramco's IT team to sever the connection of every company computer and data center, making day-to-day operations impossible apart from oil production analog activities.

  • Hiking one of Saudi Arabia’s highest mountains

    The first Arab woman to summit K2 takes CNN on a tour of Al Soudah mountain.

  • Google Cloud and Haboob partner to strengthen Saudi Arabia’s nationwide cyberdefence

    Haboob, a leading cybersecurity service provider owned by the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), has announced its partnership with Google Cloud to deliver Chronicle CyberShield to the Kingdom of Saudi Arabia. This marks the first time Chronicle CyberShield will be offered in a managed services model in the Kingdom, aiming to bolster cybersecurity services for public sector organisations. Chronicle CyberShield is a comprehensive solution that provides technology, processes, capabilities and resources to deliver situational awareness of the cyberthreat landscape. It is uniquely designed for government entities to share threat information; help accelerate investigations; and initiate a united response against persistent and ever-evolving threats proactively and rapidly.

  • Saudi Arabia’s NEOM announces Epicon as luxury coastal tourism destination

    In its latest offering, Saudi Arabia’s NEOM has announced a luxury coastal tourism destination by the name of Epicon, which will feature residential beach villas, hotels, and a luxurious resort.

    Located on the Gulf of Aqaba, Epicon will be comprised of two magnificent towers – one at a height of 225 meters and the other touching 275 meters.

  • Temasek loads up on JD.com, Saudi PIF adds PDD shares in their bet on China’s consumption recovery, even as other foreign investors flee

    Two of the world’s biggest state owned investors have poured money into China’s consumption stocks during the third quarter, raising their bets on transformation of the world’s second largest economy at a time when Western investors are retreating over growth concerns and amid an intensifying property crisis.

    Saudi Arabia’s Public Investment Fund (PIF) boosted its stake in PDD Holdings by 45 per cent to 1.7 million shares in one the biggest adjustment to its US$36.5 billion equity portfolio last quarter, its latest 13F filing with the Securities and Exchange Commission showed.

  • Saudi Arabia likely to extend additional supply cuts to Q1 2024 – Energy Aspects

    The world's top oil exporter, Saudi Arabia, is expected to extend its additional voluntary supply cuts to at least the first quarter, if not the first half of 2024, Amrita Sen, co-founder of consultancy Energy Aspects said on Wednesday.

    Current oil prices are not low enough to push the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, to deepen supply cuts in 2024, she said, adding that market fundamentals are not weak enough to warrant that.

  • Saudi Arabia, UK discuss ways of enhancing defense cooperation

    Assistant Minister of Defense of Saudi Arabia Eng. Talal Al-Otaibi received UK's Minister of Defense Procurement and Member of Parliament, James Cartlidge and his accompanying delegation in Riyadh. During the meeting, the two sides discussed ways of increasing cooperation between the two Kingdom in the defense field, and the transfer and indigenization of technology in accordance with Saudi Arabia's Vision 2030. Cooperation opportunities in defense research and development were also discussed between the two sides. The meeting was attended by a number of officials from both sides.

  • US Frustration With Israel Grows as Gaza Civilian Deaths Mount

    The White House is getting increasingly frustrated with Israel’s conduct of the war against Hamas as the civilian death toll mounts and the administration’s calls go unheeded, widening a rift between the close allies.

    Administration officials are having what they describe as more difficult conversations with their Israeli counterparts as the US tries to shape the conflict — only to have Israel ignore them, according to several people familiar with the conversations who asked not to be identified discussing private deliberations.