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  • 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 […]

     
  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]

     
  • Wealth Management in the Middle East: Boon or Bust?
     

    Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]

     
  • Saudi Students Flood In as U.S. Reopens Door
     

    The more than 300 graduates gathered at a hotel overlooking the Potomac River were all from Saudi Arabia, part of a massive government-paid foreign study program to earn bachelor’s, master’s and doctorate degrees and return home to help run their country. “You are the best of the best, and the future of our country,” Saudi […]

     
  • Saudi consumer electronics market surges
     

    Saudi Arabia’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products is projected at $6.4 billion in 2012, Business Monitor International said in “Saudi Arabia Consumer Electronics Report Q2 2012″report. This is expected to increase to $8.2 billion by 2016, driven by the growing […]

     

MUST-READS

  • Turkish Steel Giant Eyes $5 Billion Investment in Saudi Arabia

    Turkish steelmaker Tosyali Holding AS plans to invest as much as $5 billion in a steel plant in Saudi Arabia, part of an expansion spree that includes Algeria, Angola, Senegal and Spain. The company recently signed a memorandum of understanding with Saudi Arabia, chairman Fuat Tosyali said on the sidelines of the World Economic Forum in Davos on Tuesday. The comments come two weeks after the firm announced it bought Spain’s Baika Steel Tubular Systems SL for an undisclosed price.

  • WTA’s Expected Saudi Arabia Announcement Sparks Backlash From Tennis Legends

    When he’s not running the tournament, Craig Tiley, chief executive officer of Tennis Australia, has been making the rounds, expressing his adamance that tennis must avoid a LIV golf-style disruption such as a rival league. Though he withdrew from the tournament last week, Rafael Nadal made news Tuesday and surprised several powerbrokers when he announced a tennis ambassador partnership with the Saudi Tennis Federation.

  • Why Saudi Arabia Is Staying on the Sidelines in the Red Sea Conflict

    In the not-too-distant past, Saudi Arabia would have cherished the opportunity for a joint U.S.-U.K. strike targeting Houthi strongholds. After all, Riyadh fought a brutal war against the group for almost a decade. But today, a Western offensive on the Yemeni group is precisely the opposite of what Riyadh wants as it conducts a delicate peace negotiation with the Houthi leadership to extricate itself from Yemen and, it hopes, permanently protect itself from cross-border attacks.

  • Saudi Arabia ‘incredibly concerned’ about Red Sea, Gaza security, FM tells WEF

    Saudi Arabia is “incredibly concerned” about regional security following Houthi attacks on international shipping in the Red Sea and the situation in Gaza, the Kingdom’s foreign minister said on Tuesday at the World Economic Forum in Davos, Switzerland. Prince Faisal bin Farhan told a panel titled “Securing an Insecure World” that de-escalation in the Red Sea is essential, and that Riyadh will continue to “engage with all stakeholders” after US and UK airstrikes against Houthi positions in Yemen last week.

  • Saudi Arabia has not yet joined BRICs: Minister

    Saudi Arabia has not yet officially joined the BRICs bloc of developing countries, the Kingdom’s minister of commerce said in a panel at the World Economic Forum in Davos on Tuesday.

    “Saudi Arabia has been invited to attend BRICs, we have not yet officially joined BRICs,” Majid al-Kasabi said in a first comment from Saudi officials after the proposed joining date of Jan. 1 passed.

  • Saudi Arabia Premium Residency: How to qualify for ‘Special Talent’ and ‘Gifted’ visas

    Saudi Arabia has introduced two specialised visa routes under its Premium Residency initiative that target distinguished professionals and artists from around the globe. The programmes – Special Talent and Gifted – offer an exclusive path to permanent residence if certain eligibility requirements are met.
    For a fee of SAR4,000, those eligible under the criteria can apply for the five-year visa.

  • Saudi Arabia has sent aircraft, ships and trucks with aid for Gaza

    Saudi Arabia has sent 36 aircraft, five ships and 172 trucks filled with aid as part of the ongoing humanitarian campaign to relieve the Palestinians in the besieged Gaza Strip since October, Quds Press has reported.
    The latest aircraft sent by the King Salman Humanitarian Aid and Relief Centre left the Kingdom on 3 January carrying 24 tons of food and medical supplies, as well as shelters. It flew from Riyadh to Al-Arish International Airport in Egypt’s North Sinai, the closest airport to the Rafah border crossing into Gaza.

  • Growing global relevance of Saudi Arabia and Gulf region highlighted at Riyadh roundtable discussion

    Over the past decade, Saudi Arabia has undergone an “astonishing” transformation, helped along by internal reforms and geopolitical shifts that have raised the Kingdom’s global profile and relevance, according to Federico Rampini, an award-winning Italian journalist, writer and lecturer. Speaking on Sunday at a roundtable in the Saudi capital, Riyadh, on “the new relevance of Saudi Arabia, the Gulf region and the Middle East,” Rampini offered a global perspective on the Kingdom’s rise as seen from the US, Europe and China.

  • Vision 2030: The Lynchpin Of Saudi Arabia’s Unprecedented Economic Transformation

    Although not formally part of Vision 2030, PIF’s globally renowned giga-projects have become closely associated with the programme. Some projects have commenced construction, including the Red Sea global tourism, the Qiddiya entertainment city and the Diriyah Gate heritage development initiatives. But the Kingdom’s most hotly discussed sustainability-based giga-project, Neom, has garnered the most global attention based on its unique design and sheer magnitude, alongside the distinctly light environmental footprint it seeks to cultivate with a new model of sustainable living.

  • LinkedIn research reveals UAE and Saudi Arabian job trends

    This inclination aligns with the UAE’s resilience in international hiring, showcasing a 0.3 per cent annual increase, which is a remarkable 30 per cent higher than the pre-pandemic levels of December 2019. As the new year begins, 62 per cent of professionals are actively seeking or planning to start looking for new job opportunities. Better salaries (42 per cent) and the desire for an improved work-life balance (33 per cent) stand out as the top two reasons motivating professionals to consider a career move.