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  • Saudi banks most profitable in Middle East
     

    Out of the top 50 banks in the Middle East ranked by assets for the period H1 2011, Saudi banks lead the pack “having a good track record of maintaining strong asset quality and adapting adequate lending practices and underwriting standards,” Sheetal Kothari, research analyst, business and financial services practice, Frost & Sullivan, said. The […]

     
  • Beware the Siren Call of Jihad
     

    There’s a full-court press, likely at the instigation of Saudi Arabia’s government, to discourage would-be jihadis from traveling up to Syria. Saudi Gazette/Okaz report that a wide array of authority figures are warning enthusiastic youths of the potential dangers and about how their brothers and cousins fell into traps in Afghanistan, Chechnya, and Iraq. Usefully, […]

     
  • Saudi Arabia breaks onto contemporary art scene
     

    Saudi Arabia is making its mark on the global contemporary art scene: works by Middle Eastern artists such as Talal Al Zeid and Mohammed Farea are available at Lam Art Gallery in Riyadh, the Empty Quarter photography gallery in Dubai was founded by the Saudi photographer Princess Reem Al-Faisal, while Message/Messenger, a 2010 installation incorporating […]

     
  • 42 Amazing Photos of Ramadan 2012
     

    Ramadan, the Islamic month of fasting, will come to a close this weekend with the observation of a festival called Eid al-Fitr. Throughout this ninth month on the Islamic calendar, devout Muslims must abstain from food, drink, and sex from dawn until sunset. The fast, one of the five pillars of Islam, is seen as […]

     
  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     

MUST-READS

  • Saudi Arabia transfers: Every completed deal, rumour, snub, exit as Moussa Diaby nears Al Ittihad

    The 2023 summer transfer window will be hard to beat after Saudi Arabia went a bit crazy. Regardless, it is worth keeping up to date with the Saudi Pro League’s transfer activity this summer. Here is every done deal, rumour and snub there is to know.

  • Aramco’s Venture Arm Backs South Korea’s AI Chipmaker Rebellions

    Rebellions is working with Samsung Electronics Co. to develop its proprietary chip to serve the generative artificial intelligence market. The startup in June agreed to combine its business with rival Sapeon Korea Inc., a unit of SK Telecom Co., and has said it’s looking at a possible initial public offering in South Korea.

  • Saudi Arabia’s NEOM partners with Equinox to open luxury resort

    Saudi Arabia’s giga project known as NEOM is partnering with Equinox Hotels to open a luxury resort on the coast of the Gulf of Aqaba, located on the northern tip of the Red Sea.

    Equinox Resort Treyam will be an architectural spectacle in NEOM’s Magna region, set on a bridge-like structure that spans for about a quarter of a mile and hangs above a desert lagoon, according to a statement. It’ll include a club house, spa and Equinox fitness center, among other things.

  • Saudi Arabia Bids Farewell to Last Pilgrims from Madinah Airport

    The last group of pilgrims from this year’s Hajj season departed Saudi Arabia on Sunday aboard a Saudia flight from Prince Mohammad bin Abdulaziz International Airport in Madinah. The flight carried 320 pilgrims to Kertajati, Indonesia, after they completed their Hajj rituals. Saudia, the Kingdom’s flag carrier, hosted a farewell ceremony, concluding its 74-day Hajj operations.

  • Huge billion-dollar Saudi city for 120,000 people starts construction

    Banan City – an enormous 10km2 (3.9 sq mi) new municipality located northeastern of the city of Riyadh – started construction earlier this month as Saudi Arabia’s World Expo 2030 looms.

  • Al Nassr keeper Sara Khalid says ‘no limit’ to Saudi women’s football growth

    Sara Khalid al-Dossary first fell in love with football as a fan watching her father’s beloved Al Ettifaq, but it is with Al Nassr where the goalkeeper’s passion has bloomed into significant sporting success. In May, al-Dossary celebrated winning a third straight league title. The Saudi Women’s Premier League was inaugurated in 2022 and for the past two years, Al Nassr has been its dominant force – winning back-to-back trophies, the most recent by a 10-point margin.

  • Saudi Arabia’s TechMal closes $1 million pre-Seed

    Saudi-Arabia based fintech TechMal has raised $1 million in a pre-Seed investment round, led by Al Majidiya Investment Company alongside other investors. Founded in 2024 by Saud Al-Rebdi and Basil Alsuhaibani, TechMal operates as a micro-consumer finance company.

  • Historic Jeddah Program marks 10 years of UNESCO World Heritage recognition

    The Jeddah Historic District Program, part of the Ministry of Culture, is celebrating the 10th anniversary of Historic Jeddah's inscription on the UNESCO World Heritage List in 2014. The program continues its efforts to revitalize the district, aiming to preserve its cultural and urban heritage and transform it into a global heritage destination in line with the Kingdom’s Vision 2030.

  • The UAE’s Path to Food Self-Sufficiency

    The UAE has achieved high rankings in food security indices. However, these rankings do not fully capture all aspects of the UAE’s food supply challenges, which primarily stem from its lack of food self-sufficiency. Food self-sufficiency – having greater control over food supply and reducing vulnerability to external threats – is crucial, as it allows a country to directly manage and influence its food production and availability. Despite the presence of over 38,000 farms in the UAE, their contribution to its food supply is minimal compared to food imports, which constitute up to 85% of consumption and cost about $13.2 billion in 2022. While this amount is manageable for a country as wealthy as the UAE, this reliance on food imports makes the UAE vulnerable to global food supply shocks caused by climate change, geopolitical tensions, pandemics, and other disruptions. 

  • Saudi Arabia’s PIF makes bid to increase stake in Selfridges

    PIF already owns a 10 per cent share in the Selfridges properties, while 40 per cent is owned by the troubled real estate and retail empire, Signa and the remaining 50 per cent is owned by the Thai retail conglomerate Central Group.