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  • 5 More Years for Booming King Abdullah Scholarship
     

    Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]

     
  • Drone Revelation Underscores Defense/Security Bonds
     

    The recent news reports that American remotely operated aircraft are operating against Al Qaeda targets in Yemen should come as no surprise to those who have followed the close collaboration between the United States and Saudi Arabia over the course of the historic relationship. The revelations may be uncomfortable to those who seek to keep […]

     
  • Samsung and Galaxy chocolate top brands in Kingdom in 2012
     

    Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • 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 […]

     

MUST-READS

  • Raytheon Delivers Saudi Arabia’s First AN/TPY-2 Air Defense Radar

    Raytheon has delivered the first AN/TPY-2 air defense radar for Saudi Arabia as part of a $2.3-billion deal signed in 2020. According to the company, the radar is the first in its class to feature a complete Gallium Nitride semiconductor, providing expanded surveillance capacity and greater sensitivity to threats. It offers several key advantages over other radio frequency semiconductors in terms of energy efficiency, weight, and power output.

  • Commentary: In the Gulf as in the US, crises can remove barriers to long-term investment

    The near doubling of US crude oil production to 9.5 million barrels per day from 2010 to 2015 rocked global oil markets. Oil prices were around $140 a barrel in mid-2014, but the surge in supply caused prices to crash to $40. For the Gulf countries, this was an unmitigated disaster, as so much of their economy — and with it their sociopolitical system — depended on high and stable oil prices.

  • S&P Global expects Saudi economy to grow by 1.4% in 2024

    S&P Global Ratings expects the Saudi economy to grow by 1.4% in 2024, compared to its previous forecast of 1.5%. The agency also forecast the economy to expand by 5.3% in 2025, versus earlier estimates of 5.4%. It expects inflation to reach 1.8% in 2024, compared to a previous estimate of 2.1%. In 2025, inflation is expected at 1.6%, down from 2%.

  • Oil price fall pushes Saudi Arabia to look at raising output

    Ole Hansen, head of commodities strategy at Saxo Bank, said the move represented “a major shift in thinking” by Riyadh. “The outlook for slowing demand growth, not least in China, has probably prompted them to accept a lower price tag for crude and, with that, the need to increase production,” he said.

  • Saudi Arabia’s coffee expansion is being driven by homegrown brands

    Since its founding in 2018, Half Million has expanded at an extraordinary pace, now boasting 59 stores across 14 cities in the Kingdom.  Its popularity, driven by strategic branding and a social media-driven marketing campaign, reflects not only the country’s growing appetite for coffee but also a wider trend: the rise of national Saudi brands that understand and cater to local preferences.

  • Opinion: Why Everything Is Suddenly Spiraling for Israel

    This Israeli government, led by Benjamin Netanyahu, wants you and me and every Israeli and all of Israel’s friends — and even enemies — to believe that there was always only one right answer to that question: Invade Gaza, hunt down every Hamas leader and fighter, kill every last one and not be deterred by the civilian casualties, then pummel Hezbollah in Lebanon — and do both without spending time planning an exit strategy for either.

  • CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise

    Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)

  • CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise

    Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)

  • Saudi crown prince announces the launch of Riyadh Non-Profit Foundation

    Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of the “Riyadh Non-Profit Foundation” and the formation of its board of directors on Thursday. The foundation will be an independent institution and fall under the umbrella of the Royal Commission for Riyadh City, Saudi Press Agency reported. Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of the “Riyadh Non-Profit Foundation” and the formation of its board of directors on Thursday. The foundation will be an independent institution and fall under the umbrella of the Royal Commission for Riyadh City, Saudi Press Agency reported.

  • Creativity to transform these Saudi industries

    Drawing on his unique perspective as both a tech entrepreneur and a creative pioneer, from his early days at Facebook to his latest venture, Karaz Disco, Prince Fahad will offer an in-depth look at how innovative content with an Arabic identity is redefining the Kingdom’s cultural landscape. His session will explore the ongoing impact of Saudi Vision 2030 on the media and entertainment sectors and the critical role of creativity in driving this profound transformation.