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  • Jadwa September 2012 Saudi Chartbook – Inflation
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • President Obama’s Envoy to Mecca Islamic Summit Shares Views
     

    A little known detail about last month’s Extraordinary Islamic Solidarity Summit in Mecca was the presence of an American diplomat representing President Barack Obama to the 56-member Organization of Islamic Cooperation (OIC). The special summit, which met on August 14-15, 2012, was called by King Abdullah to take up crises, conflicts and serious issues affecting […]

     
  • Saudi real estate market poised for new boom
     

    New programmes and the new mortgage system — approved by the cabinet in July and expected to take force in the next few weeks — will contribute to decreased land prices, realtors said. Land prices are expected to drop by 20%, especially in the central, eastern and western regions, according to realtors. Residential land prices […]

     
  • Jadwa September 2012 Chartbook – Construction Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Mitt Romney on Foreign and Middle East Policy
     

    This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.  The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]

     
  • Saudi per capita water consumption 91% higher than global average
     

    Per capita water consumption in Saudi Arabia is 91 percent higher than the international average, according to a new report by the country’s Saline Water Conversion Corporation (SWCC). Saudi Arabia is the world’s largest producer of desalinated water, accounting for at least 17 percent of the total world output. The Kingdom has invested nearly $25 […]

     
  • Jadwa September 2012 Saudi Chartbook – Real Economy
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Shoura Council to appoint 30 women
     

    Saudi Arabia is expected to appoint 30 women on the Shoura Council before the consultative body begins its next annual session. “The expectations are that up to 30 women will be appointed to the Shoura,” sources close to the council told Al-Sharq Arabic daily. The newspaper said that talks have already begun with several institutions […]

     
  • The Island of the Arabs
     

    So in 1954 when Aramco’s New York office decided to produce a feature film about Saudi Arabia and the company’s role in the kingdom, they chose Dick Lyford to direct it. The film called Island of the Arabs begins with the early geologists landing in Jubail and then exploring in the desert. While sitting around […]

     
  • Saudis gear up for new academic year
     

    Saudi students, parents and educators are preparing for the new academic year, which begins September 1st. Shaher al-Jeddawi, programme director at a public school in Jeddah, said introducing English language courses in fourth grade is a major step “towards raising the level of education in general”. “The project this year applies to 4,200 schools out […]

     

MUST-READS

  • GCC Population Surges by 4 Million in Two Years

    According to recent statistics released by the GCC Statistical Centre, the total population of the Gulf Cooperation Council (GCC) countries witnessed a significant increase of 7.3% in 2023 compared to 2021, reaching 57.6 million.

  • Gamers are competing for a record-breaking $60m prize pool at the Esports World Cup

    The Esports World Cup is underway in Riyadh, Saudi Arabia, with thousands of participants from all corners of the globe competing across 21 games like Call of Duty, League of Legends and Dota 2. CNN’s Eleni Giokos speaks to some of the athletes vying for glory and a life-changing $60 million prize pool.

  • Three Saudi companies acquire fund behind world’s tallest tower

    The Saudi Arabian fund behind what will be the tallest tower in the world has been acquired in a $1.8 billion (SAR6.8 billion) deal. Kingdom Holding Company, Sumuo Holding Company and Jeddah Economic Company (JEC) have signed an agreement to take ownership of the Al Inma Jeddah Economic Fund, which is currently wholly owned by JEC. The fund’s Jeddah Tower will be more than 1,000m high. The surrounding development, located in the Obhur district in the north of the city, will measure an estimated 1.7 million square metres.

  • Heat Waves Are Pounding Egypt, and Often There’s No A.C.

    Egyptian summers have always been hot. But it has not always been this hot, with temperatures barely dipping below 100 degrees in Cairo since May, testing tempers and massacring houseplants. And it has never been this hot at a time when the government has imposed power cuts on most of the country for more than a year, plunging millions into sweaty, un-air-conditioned misery for hours each day.

  • Saudi Arabia Discusses Enhancing Industry, Mining Cooperation with Türkiye

    Deputy Minister of Industry and Mineral Resources for Industry Affairs Khalil Ibrahim Ibn Salamah discussed enhancing cooperation between Saudi Arabia and Türkiye in the industrial and mining sectors. During his official visit to Türkiye alongside several officials from the Saudi private sector, the deputy minister discussed promising investment prospects in both countries and the joint development of their industrial capacities. The visit is part of the efforts of the Kingdom’s industrial and mineral resources system to develop industrial partnerships with Türkiye.

  • Saudi Arabia’s General Authority of Civil Aviation and Lilium to collaborate on development and implementation of eVTOL regulation in the Kingdom

    The partnership will start by setting up a joint Working Group preparing the regulations in Saudi Arabia for the introduction of regional electric air mobility. Dedicated sub-working groups for infrastructure, air operations, airworthiness, and airspace integration, led by GACA and strongly supported by Lilium, are to jointly discuss, accelerate, develop, and implement the necessary regulatory and procedural framework.

  • Saudi PIF and Envision Energy form JV to boost renewables

    The JV will focus on manufacturing and assembling wind turbines and components, including blades, nacelles, and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. This collaboration supports Saudi Arabia’s goal of localising 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

  • America’s Arabian Superfood

    In the US over the past few years, dates have been trending as a superfood, often promoted in the recipes of energy smoothies or nutrition bars. As medical institutions such as the Cleveland Clinic note on their websites, numerous studies show that dates provide long-lasting, easily transportable energy, are rich in minerals like iron and potassium, and may help reduce cholesterol, keep blood-sugar levels steady and aid digestive health.

  • Saudi And Egyptian Energy Ministers Discuss Strategic Power Projects And Renewables

    In a significant move to enhance regional energy cooperation, Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, met today in Riyadh with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Electricity and Renewable Energy, Dr. Mahmoud Esmat.

  • Palestinian factions agree to form unity government after talks in China

    Palestinian factions including rivals Hamas and Fatah agreed to end their divisions and form an interim national unity government during negotiations in China that ended on Tuesday, China's foreign ministry said. The Beijing Declaration was signed at the closing ceremony of a reconciliation dialogue among 14 Palestinian factions held in China's capital from July 21-23, according to the readout. Previous efforts by Egypt and other Arab countries to reconcile Hamas and Fatah have failed to end 17 years of power-sharing conflict that have weakened Palestinian political aspirations, and it remains to be seen whether this deal will survive the realities on the ground.