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  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • 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 […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     

MUST-READS

  • Current and Future Trends in Saudi Arabia’s Container Throughput

    The maritime sector is a key pillar for the diversification of the Kingdom of Saudi Arabia’s economy, and it has been prioritised by the Saudi government due to its strategic importance. Saudi Vision 2030 has set a target for making KSA a global logistics hub. Correspondingly, the Kingdom has been investing heavily in its seaports to modernize their infrastructure and increase their capacity. For instance, several projects are now underway to boost the maritime transport sector, costing around 6 billion Saudi Arabian riyals (SAR) (USD $1.6 billion).

  • MENA Project Tracker: Rail projects in the execution stage in the region amount to $53bn

    Rail projects across the Middle East and North Africa region at the execution stage amount to $53 billion in value, according to MEED Projects. Egypt is leading the biggest number of rail projects at the execution stage worth $25 billion. The most significant rail projects in the North African country today are the three phases of the National Authority for Tunnels’ high-speed rail program.

  • Some Expatriate Executives Claim Difficult Working Environment at Neom

    A senior Saudi official said Prince Mohammed and his royal court are aware of Mr. Nasr’s management style and the high turnover at Neom. “But they seem to think this style works,” said the official, who wasn’t speaking on behalf of the government.

  • Entry ban on visit visa holders to 4 Saudi airports from June 9

    Saudi Arabian Airlines (Saudia) warned tourism companies against booking flight tickers for holders of visit visas of all kinds to the airports in Jeddah, Madinah, Yanbu and Taif as of Dhul Qaadah 10, 1443, corresponding to June 9, 2022. Saudia clarified that the period of its ban on entry to visa holders to the four airports is valid until Dhul Hijjah 10, 1443 AH corresponding to July 9, 2022.

  • Saudi Arabia may raise July crude oil prices for Asia

    China and India, the world's No.1 and No.3 oil importers, have also been ramping up purchases of Russian oil at bargain prices. Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting about 9 million barrels per day (bpd) of crude bound for Asia.

  • After Ukraine, ‘whole world’ is a customer for Turkish drone, maker says

    "Bayraktar TB2 is doing what it was supposed to do – taking out some of the most advanced anti-aircraft systems and advanced artillery systems and armoured vehicles," he told Reuters in English beside the new Akinci drone at an exhibition in Baku. "The whole world is a customer."

  • Saudi women graduates outnumber men in job-training programmes

    Female Saudi graduates have significantly outnumbered Saudi men in the national on-the-job training programme launched by the Human Resources Development Fund (Hadaf). Hadaf said 74 per cent of 61,000 participants – who have benefited from Tamheer, a three to six-month on-the-job training scheme for Saudi graduates, since its launch in 2017 – were female.

  • Air Products supports female talent in Saudi Arabia with new development program

    “This programme will help shape their futures as they become part of a world-leading industrial gases company, working on some of the most innovation, forward locking projects of our time – projects that are making history by helping to solve significant energy and environmental challenges.”

  • Traffic jams just a maths problem, says Israeli AI firm

    EcoMotion's founder Meir Arnon told AFP that surging global interest in smart mobility had made Israel an auto industry player, even though it doesn't manufacture any cars.

  • Luxury retailers ramping up new store openings in Dubai and Saudi

    The Middle East accounted for just 3% of new store openings last year, although the market is considered a key hub for (very) high net worth consumers. Notably, in the region, ultra-luxury brands accounted for 92% of new store openings, with Saudi Arabia increasingly nestling itself as a key market alongside historical luxury capital Dubai.