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  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     

MUST-READS

  • Education Ministry inks agreements to train 255 Saudi doctors in Germany, Sweden and Ireland

    This has led to the provision of 255 training seats — 130 in Germany, 50 in Sweden, and 75 in Ireland. The agreements were signed within the framework of official visits by the delegation of the Ministry of Education to a number of European countries, which comes as a continuation of the support of international partnerships. The specialties include anesthesiology, cardiac surgery, adult nephrology, neurosurgery, adult oncology, pediatric surgery, respiratory medicine, radiation oncology, as well as vascular surgery, oral and maxillofacial surgery, and nursing. The agreement’s key aim is to enhance the capabilities of health cadres, and expand the training opportunities available globally, in various health specializations.

  • What Turkey’s Elections Mean for the Gulf

    Despite the candidates’ contrasting foreign policy approaches, realpolitik considerations and regional developments may prevent a radical shift in Turkish foreign policy regardless of who wins Turkey’s presidential election.

  • Under new vision, talent becomes a shared responsibility

    To this end, in March 2022 it was announced that the well-known Custodian of the Two Holy Mosques Scholarship Program, now part of the HCDP, would adopt a new strategy and would send 70,000 students to 200 educational and training institutions worldwide by 2030. The new strategy will include four paths, namely: the ‘pioneers path’, the ‘research and development path’, the ‘provider path’ and the ‘promising path’.

  • UN to commemorate Palestinians’ 1948 flight from Israel for the first time

    For the first time, the United Nations will officially commemorate the flight of hundreds of thousands of Palestinians from what is now Israel on the 75th anniversary of their exodus — an action stemming from the U.N.’s partition of British-ruled Palestine into separate Jewish and Arab states. Palestinian President Mahmoud Abbas is headlining Monday’s U.N. commemoration of what Palestinians call the “Nakba” or “catastrophe.” Riyad Mansour, the Palestinian U.N. ambassador, called the U.N. observance “historic” and significant because the General Assembly played a key role in the partition of Palestine.

  • Under new vision, talent becomes a shared responsibility

    To this end, in March 2022 it was announced that the well-known Custodian of the Two Holy Mosques Scholarship Program, now part of the HCDP, would adopt a new strategy and would send 70,000 students to 200 educational and training institutions worldwide by 2030. The new strategy will include four paths, namely: the ‘pioneers path’, the ‘research and development path’, the ‘provider path’ and the ‘promising path’.

  • Saudi students bags 18 medals in ITEX 2023

    Saudi students have won 18 medals in different scientific fields, including 10 gold and 8 silver medals, and 7 special awards presented by partners and sponsors at the International Invention, Innovation and Technology Exhibition (ITEX 2023) held in Kuala Lumpur, Malaysia.

  • Saudi Crown Prince merges Riyadh districts and names them after King Salman

    Saudi Crown Prince Mohammed bin Salman has merged two Riyadh districts and renamed them after his father in a tribute to his leadership of more than five decades. Al Waha and Salah Al Din districts, which are located in the heart of the capital, close to King Salman Park, will now be known as King Salman Neighbourhood, the Saudi Press Agency reported. The areas will be redeveloped and equipped with proper infrastructure and recreational amenities in a manner designed to allow them to keep pace with the growth of the city. Spanning an area of 6.6 square kilometres, the combined district will feature Salmani architecture.

  • Saudi Crown Prince merges Riyadh districts and names them after King Salman

    Saudi Crown Prince Mohammed bin Salman has merged two Riyadh districts and renamed them after his father in a tribute to his leadership of more than five decades. Al Waha and Salah Al Din districts, which are located in the heart of the capital, close to King Salman Park, will now be known as King Salman Neighbourhood, the Saudi Press Agency reported. The areas will be redeveloped and equipped with proper infrastructure and recreational amenities in a manner designed to allow them to keep pace with the growth of the city. Spanning an area of 6.6 square kilometres, the combined district will feature Salmani architecture.

  • Palestinians and Israelis resume normal life after Gaza truce

    Life on both sides of the Gaza Strip border began returning to normal on Sunday after an Egyptian-mediated ceasefire halted five days of fighting between Israel and Islamic Jihad, which killed 34 Palestinians and an Israeli. Israel reopened its goods and commercial border crossings, allowing fuel to flow to the lone power plant in the blockaded coastal enclave. Shops and public offices reopened and crowds returned to streets that had been deserted for days.

  • Turkey faces election runoff, Erdogan seen with momentum

    President Tayyip Erdogan led comfortably in the first round of Turkey's election on Monday, with his rival facing an uphill struggle to prevent him extending his rule into a third decade in a runoff vote on May 28. Turkish assets weakened on the news, which showed Erdogan just below the 50% threshold needed to avoid sending the NATO-member country to a second round of a presidential election viewed as passing judgment on his autocratic rule.