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  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     
  • The Secret History of America’s Thirty-Year Conflict with Iran
     

    A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     
  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]

     
  • Obama authorizes secret U.S. support for Syrian rebels
     

    President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]

     

MUST-READS

  • Saudi Arabia launches bidding for new mineral exploration licenses

    The Ministry of Industry and Mineral Resources, Saudi Arabia has announced in a press release the launch of its most extensive mineralized belts to date, covering an expansive 4,788 km² that includes five exploration licenses. The ministry is inviting major mining and exploration companies to participate in the ongoing Exploration Licensing Rounds aimed at unlocking the belts’ vast mineral wealth.

  • Saudi capital market’s momentum likely ongoing in H2 2024: HSBC Saudi Arabia

    The Saudi capital market is expected to see continued momentum in H2 2024, backed by a strong pipeline of initial public offerings (IPOs), announced projects, and investment opportunities, which is seeing higher investor engagement by local and foreign players at record highs compared to previous years, Faris AlGhannam, CEO and Board Member of HSBC Saudi Arabia, said.

  • Saudi Arabia Shifts from Participation to Hosting: Sustained Global Scientific Engagement Since 2011

    This year, the Kingdom of Saudi Arabia transitions from the ranks of participants to hosts and organizers of international scientific competitions. Riyadh, the capital city, is set to host the 2024 International Chemistry Olympiad from July 21st for ten days. The Olympiad will involve more than 340 students, 200 volunteers, and 400 university professors and chemistry teachers from 90 countries. This makes it an opportunity for scientific exchange, partnerships, and a chance to discover Saudi Arabia through its capital, Riyadh, and witness its scientific, economic, and cultural renaissance, which has qualified it to become a leading destination in various fields.

  • Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify

    Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in mining. In Brazil, talks will cover mining, food processing, and aviation, while in Chile the focus is on lithium, needed for electric vehicle batteries. "This aligns with the Kingdom's direction towards expanding the production of EVs," a Saudi government statement said.

  • Saudi Arabia’s move to nationalise engineering jobs ‘required’ to tackle unemployment

    Saudi Arabia's requirement that companies allocate 25 per cent of engineering jobs in the private sector to citizens looks set to help the kingdom tackle unemployment, as the Arab world’s largest economy moves ahead with its economic diversification strategy. The rule, which takes effect on Sunday, is applicable to private sector companies that employ five or more people in engineering professions, the Saudi Press Agency reported. It will provide more “productive job opportunities for male and female citizens in various regions of the kingdom”, SPA said.

  • Saudi Unveils $690,000 Golden Pen Award For Novelists

    The top prize is $100,000, with the winning novel adapted into a movie by the GEA. Second place offers $50,000 and a movie adaptation, while third place receives $30,000. In addition to these top awards, the competition features Novel Track Awards, with $25,000 each for the best novels across various genres, including romance, thriller and mystery, comedy, action, fantasy, detective, horror, and historical fiction.

  • How Saudi Pro League Plans to Elevate Its Global Football Standing

    The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a blanket acquisition strategy.

  • Potential and Risks Behind the National Transformation Program in Saudi Arabia

    The Kingdom of Saudi Arabia Constitution Law guarantees citizens the right to have medical care and treatment during emergencies or sicknesses [1]. However, for the last two decades, the expenditure per capita has risen tragically to reach a cost for each citizen from 370.42 dollars in 2000 to 1291.13 dollars in 2019 [2]. Nonetheless, the population of Saudi Arabia massively increased from 22,678,262 in 2004 to 32,175,224 in 2022 [3]. As a result, the burden on the healthcare system to address the population's needs against the increase in the incidence of mortality and morbidity rate and chronic diseases spread, in addition to the increase in life expectancy, makes the healthcare system struggle to reach the desired goals [4-6].

  • New Museum to Chronicle Saudi Arabian Esports Achievements

    Located in the SEF Arena in Riyadh City Boulevard, the museum houses a unique structure that makes up the world's largest gaming and esports area. It features a variety of sections, including a special department that documents significant moments in the history of Saudi Arabian esports, like the announcement of hosting the World Cup of Esports in the Kingdom, Mosaad Aldossary winning the FIFA eWorld Cup in 2018 and the Saudi Arabian national team winning the 2023 Overwatch World Cup. The museum will also include media interviews conducted by Deputy Prime Minister Prince Mohammed bin Salman with notable figures in the esports industry.

  • Opinion: Joe Biden will be remembered as a great American president

    Towards the end of the American rebellion, King George III reportedly asked a royal artist who was painting him what George Washington would do if the colonists achieved independence. The artist, a subject from the American colonies, replied that, upon victory, Washington would probably retire to a private situation. His Majesty replied: “If he does that, he will be the greatest man in the world.”