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  • The Saudi Cultural Mission’s New Headquarters
     

    The new SACM headquarters in Fairfax, Virginia provides a modern hub for Saudi Students in the United States, and stands as a symbol of the strong cultural relations between the United States and Saudi Arabia. Until recently, the future of the iconic Watergate hotel and office complex in Washington DC, which was the site of […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • Ramadan 1433
     

    Ramadan means more in the lives of Muslims than refraining from eating and drinking during the daylight hours. The ritual fasting during the holy month is among the five pillars of Islam: Shahadah, the declaration of faith; Salat, five daily prayers; Zakat, charitable giving; Hajj, the pilgrimage to Mecca; and Sawm of Ramadan, the ritual […]

     
  • Saudi car sales to hit $25 billion by 2013
     

    Saudi Arabia has ambitious plans to further expand its lucrative automobile industry. In 2011 alone, the Kingdom announced the sale of approximately 800,000 cars potentially increasing to 1 million vehicles per year by the end of the current decade. In this context, the country is planning to start manufacturing automobile parts by 2013 in addition […]

     
  • Muslims across the world prepare to observe Ramadan
     

    Muslims around the world begin fasting on Friday in observation of Ramadan, the holiest month in Islam when the faithful abstain from eating food or drinking water from sunrise to sunset…. Every year, identifying the start of Ramadan is like a waiting game; Islamic scholars must see the new crescent moon in the night skies […]

     
  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Moving forward with nationalisation in Saudi Arabia
     

    “Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     

MUST-READS

  • Professional Fighters League takes first step into pay-per-view with Saudi Arabia card

    The PFL is headed to pay-per-view, with the MMA promotion running a Super Fight event Feb. 24 in Riyadh, Saudi Arabia . The Professional Fighters League first PPV will also showcase talent from the Bellator promotion, recently purchased by PFL and placed under its umbrella. The deal was aided in part by Saudi Arabia’s recent purchase into PFL. The purchase was relatively modest — $100 million according to the Financial Times — but even in a minority role, Saudi-backed SRJ Sports Investments ensured mixed-martial arts events will take place in that country.

  • Saudi Arabia claim another epic win in Qatar — this time even crazier than their upset over Argentina

    Over a year after their stunning upset of Argentina at the 2022 FIFA World Cup, Saudi Arabia have returned to Qatar and pulled off another stunning come-from-behind 2-1 win in a tournament opener at the AFC Asian Cup. Only this time it was an even crazier result, if that was even possible.

  • Aramco Digital and Intel to create Saudi Arabia’s first Open RAN development centre

    Once built, the facility is expected to drive innovation, foster technological advancements and contribute to the digital transformation landscape in the country. Specifically, the partnership aims to accelerate the development and deployment of Open RAN technologies, helping to enable Saudi Arabia to build reliable and agile telecoms infrastructure that will accelerate digitisation across various industries.

  • 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. The comment also clarified the kingdom's position after Saudi state TV reported earlier this month that the kingdom had joined the bloc, only to remove the reports from its social media accounts later.

  • Solar PPAs viable in Saudi Arabia at prices above $26.10/MWh

    Researchers at King Abdulaziz University have conducted a techno-economic analysis for utility-scale wind and solar plants in Saudi Arabia and have found that current tariffs make projects economically unviable. The scientists conducted their analysis with the System Advisor Model (SAM), which is a performance and financial model designed to estimate the cost of energy for grid-connected power projects. They also used a Support Vector Machine (SVM) algorithm based on machine learning to assess global horizontal irradiation (GHI), wind speed, as well as other weather parameters at different locations throughout the country.

  • Report: Monahan in Saudi Arabia meeting with PIF governor

    PGA Tour commissioner Jay Monahan is in Saudi Arabia this week meeting with the governor of that country’s sovereign wealth fund, according to a report in the Sports Business Journal. Monahan and Yasir Al-Rumayyan were scheduled to meet in November to continue to negotiate a possible definitive agreement that would combine the Tour, the European circuit and LIV Golf – which is owned by the Saudi Public Investment Fund – under a new, for-profit entity called PGA Tour Enterprises. Although a Tour spokesperson declined to comment on the report, according to the SBJ, this is “believed to be” the first time Monahan and Al-Rumayyan have met in person since last summer when they negotiated the framework agreement that opened the door to a larger deal.

  • Saudi Arabia’s Sports Profile Shows No Signs of Slowing

    Saudi Arabia’s fast-growing power as a sports market is now even more evident, as the country has formed a relationship with one of tennis’s all-time greats and could get an improved UFC event later this year. Rafael Nadal, a 22-time major tournament winner, has signed on as an ambassador for the Saudi Tennis Federation. Nadal will promote tennis in the country and plans to build an academy there. The move arrives as Saudi Arabia continues to face widespread scrutiny for its widely rebuked human rights record and accusations of sportswashing. “Everywhere you look in Saudi Arabia, you can see growth and progress, and I’m excited to be part of that,” Nadal said. “I want to help the sport grow far and wide across the world, and in Saudi [sic] there is real potential.”

  • Saudi Arabia’s Aramco Allocates $4 Billion More to Venture Capital Unit

    Saudi Aramco will allocate an additional $4 billion to its venture capital unit as the kingdom expands its global ambitions in an effort to diversify its oil-dependent economy. The extra funds will be injected over four years and will more than double Aramco Ventures’s capital from $3 billion to $7 billion, according to a statement. The bigger size will help with investments in new energies, chemicals and energy transition materials, and digital technologies, it said.

  • Saudi Arabia leave it late to beat Oman in Asian Cup

    Saudi Arabia came from behind to beat Oman 2-1 in their Asian Cup Group F opener on Tuesday at a packed Khalifa International Stadium with Ali Al-Bulayhi's winner arriving in the sixth minute of stoppage time after a VAR intervention. With the score tied at 1-1, Al-Bulayhi scored with a close-range header from a set piece and although the linesman's flag immediately went up for offside, VAR awarded Roberto Mancini's side the goal.

  • Jordan Henderson set to leave Saudi Arabia after six months and close to Ajax transfer

    Jordan Henderson has reached an agreement with Al Ettifaq to leave the Saudi Pro League club and is close to joining Ajax on a permanent basis. The England international and his current side are in the process of finalising the termination of a three-year contract that he signed last summer, ensuring no transfer fee will be involved in the midfielder’s exit.