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  • Saudi Arabia’s 2013 Budget – Jadwa
     

    Budgeted spending is at another all-time high in 2013, as the government continues with its program to upgrade the human and physical infrastructure and spurring economic growth. One highlight of the Ministry of Finance (MoF) budget announcement is the 18 percent jump in revenues. With no new initiatives announced, we think this is a sign […]

     
  • ‘Expansionary’ Saudi 2013 Budget Provides for Record Spending on the Back of 2012 Surplus
     

    A recently released report by Jadwa Investment on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next year.

     
  • Nitaqat: Towards a Saudi “New Deal?”
     

    Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late.  The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]

     
  • Are Members of Royalty “Foreign Officials” Under the FCPA?
     

    For U.S. companies conducting business abroad, the Foreign Corrupt Practices Act (FCPA) is a constant companion.  The FCPA, “applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the […]

     
  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Riyadh at Night
     

    The population of Riyadh, the capital city of Saudi Arabia, has risen dramatically in the last half century—from 150,000 in 1960 to 5.4 million in 2012. The city appears as a brightly colored patchwork in this nighttime astronaut photograph. The brightest lights, apart from those on the old Riyadh Airbase, follow the commercial districts along […]

     
  • Saudi firms top TRENDS CEO 2012 List
     

    There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]

     
  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 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. A summary of the report is provided for your consideration below, and the […]

     
  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     

MUST-READS

  • Delivery orders in Saudi Arabia hit 200M in 2023, Riyadh on top: TGA

    Delivery orders exceeded a whopping 200 million across Saudi Arabia last year, Saleh Al-Zuwayed, Spokesperson for the Transport General Authority (TGA), told Asharq News.   Riyadh had the lion’s share of these orders, followed by Jeddah then the remaining cities.   He added that 37 licensed delivery firms operate in the Kingdom, along with 100 others in the light transport field, which deliver orders of 3.5 million tons maximum. Regulations will drive growth in this activity, while enhancing the quality of services and operating efficiency.   TGA recently issues six regulations for the order delivery sector, to come into force gradually as of next April, Argaam earlier reported.

  • Saudi Arabia’s Civil Code: ‘good faith’ in construction contracts

    Saudi Arabia’s Civil Transactions Law clarifies the requirement for ‘good faith’ contracting throughout the lifecycle of construction projects in the Kingdom.  Saudi Arabia's Civil Transactions Law (Civil Code) entered into force on 16 December 2023. In this article, we consider the potential consequences of provisions within the Civil Code requiring parties to contract in ‘good faith’.

  • Saudi Arabia ranks 1st on 2024 Edelman Trust Barometer

    The 2024 trust barometer reported that 86% of Saudis trusted their government, compared to 83% a year earlier.   The Kingdom also took the fourth place globally on the index of trust in the business sector and came seventh on the index of trust in media.   The survey covered nearly 32,000 respondents from 28 countries.   China came second in terms of trust in government, followed by the UAE and Singapore.

  • Saudi Arabia identifies 1,200 sites for wind, solar projects

    The Saudi energy minister, Abdulaziz bin Salman Al Saud, has said that experts have identified 1,200 sites for the deployment of large-scale wind and solar projects across the country. According to local media reports, the minister made the announcement at the Digital Government Forum in Riyadh. He said that the sites are spread across the country. Site identification was made through a geographical survey.

  • Top art exhibitions in the UAE and Saudi Arabia to see this spring

    A mix of blockbuster shows and calmer retrospectives to catch in the coming months.

  • Lionel Messi arrives in Saudi Arabia on Asian tour

    The players were greeted by a special Saudi delegation and handed a bouquet of pink and white roses on arrival. The Inter Miami squad touched down in Riyadh as part of their pre-season preparations that will see the MLS club play Al-Hilal on January 29 and Cristiano Ronaldo's Al Nassr on February 1 at the Kingdom Arena Stadium.

  • Saudi Arabia’s Oil Exports via the Red Sea Remain Uninterrupted, head of Aramco’s refining says

    “We’re moving in the Red Sea with our oil and products cargoes,” Mohammed Al Qahtani, head of Aramco’s refining, oil trading and marketing division said, adding that the risks were “manageable”. This is in stark difference to other oil traders, which have rerouted tanker traffic away from the Red Sea. This has added substantially to costs, with the longer journey around the Cape of Good Hope in Africa adding close to $1 million to the transport bill of a tanker, per data from LSEG Shipping Research. Shipbroker data from Xclusiv, however, showed that deliveries of Saudi Arabian crude to Europe had declined between December and this month by 15%, suggesting some interference with normal traffic.

  • Saudi Arabia Reveals Grand Ambition to Become a Global Biotech Powerhouse by 2040

    Saudi Arabia, another powerhouse in the region, has recently launched a National Biotech Strategy (the Strategy) with an ambition to become MENA’s leading biotech hub by 2030 and a global biotech leader with a far-reaching impact in biomanufacturing and medical innovation by 2040.

  • Saudi Arabia’s AlUla exhibition at the Forbidden City

    The exhibition "AlUla, Wonder of Arabia" has kicked off at the Palace Museum in Beijing recently. AlUla is located in the northwestern Saudi Arabia, 1,100 kilometers away from the capital Riyadh. It boasts rich natural and cultural heritage, including the Hegra archaeological site, Saudi Arabia's first UNESCO World Heritage Site. Let's visit the exhibition with Xinhua reporter Sandra Ahmed!

  • Real Madrid Target Mbappe Still Wanted By Saudi Arabia Confirms Prince

    Saudi Arabia is still interested in signing Paris Saint-Germain forward and Real Madrid transfer target Kylian Mbappe, as confirmed by a member of its royal family Prince Abdullah Saad Abdulaziz Al Saud to Carre on YouTube. Mbappe becomes a free agent on June 30, and is expected to join Los Blancos if not extending his contract at the Parc des Princes. The Frenchman was involved in a 2023 tug-of-war with his current Qatari-owned club, which looked to sell him after he sent a letter explaining his intention not to agree fresh terms.