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  • Capital Markets
    Saudi, UAE IPOs whet investor appetite

    Emaar Properties’ unveiling of plans to divest 15 percent or more in a public equity issue in its mall subsidiary has increased investor appetite for UAE stocks while Saudi Arabia’s National Commercial Bank, the kingdom’s largest lender, will in October likely announce an even larger IPO, according to the CIO office at Emirates NBD Wealth Management.

  • AQ in India
    Al Qaeda in the Indian Subcontinent incorporates regional jihadist groups

    The new regional al Qaeda affiliate likely includes elements from the Afghan and Pakistani Taliban, Harakat-ul-Muhajideen, Harakat-ul-Jihad-al-Islami and Brigade 313, Jaish-e-Mohammad, Lashkar-e-Jhangvi, the Indian Mujahideen (a front for Lashkar-e-Taiba), the Islamic Movement of Uzbekistan, the Turkistan Islamic Party, Junood al Fida, and other groups based in Afghanistan, Pakistan, and India.

  • Solar Energy
    Saudi Arabia Solar Jumps On Diesel-Killer Bandwagon

    The country faces a multiplicity of problems stemming from its reliance on diesel generators for air conditioning among other uses. According to SASIA, almost 25 percent of the Saudi grid is powered by diesel and the Kingdom spends $1 billion and up on imported diesel. Many of those generators are located in remote areas, so transporting diesel generator fuel also adds to the country’s fossil load. On top of that, the country’s grid operators are way behind when it comes to connecting remote areas (distributed solar, much?), which is gumming up local economies.

  • Oil Production
    Saudi oil exports hit nearly $200bn in 2014

    Saudi Arabia's oil exports totalled 1.84bn barrels generating nearly US $200bn in the first eight months of 2014, Al-Riyadh daily has reported. Of the total oil output 23% is accounted for by domestic consumption reaching nearly 553mn barrels, says expert Fahad bin Jumaa for Al-Riyadh daily.

  • Two Holy Mosques
    Saudi authority denies plans to destroy Prophet’s tomb

    The General Presidency of the Two Holy mosques has denied reports of plans to destroy the tomb of the Prophet Mohammed in Madinah, Al-Jazirah newspaper reported Thursday. On Monday, Britain’s The Independent newspaper reported that the tomb of the Prophet Mohammed in the holy city could be “destroyed” and the prophet’s remains removed to an anonymous grave.

  • Women's Education
    Opinion: How To Improve Educational Opportunities For Saudi Women

    Public separation of women and men is one of the most vexing issues facing Saudi colleges for girls. According to Article 155 of the Educational Policy of Saudi Arabia, mixing the sexes is forbidden at all levels of education, except in pre-school education.  For over 40 years, the “studio” system has torn nearly 22 universities apart. Only medical colleges and universities are exempted from this educational system. This has allowed women studying medicine to realize great success worldwide, according to a 2010 report on Saudi women’s achievements by the Saudi Ministry of Higher Education.

  • US Foreign Policy
    Opinion: Pursuing the Islamic State to the Gates of Hell

    The beheadings of James Foley and Steven Sotloff have changed that. Republican Senate candidates in Alaska, Georgia, and New Hampshire are now tying their Democratic opponents to Obama’s supposed lack of a strategy against ISIS. Democratic Senators Bill Nelson and Tim Kaine are urging Congress to authorize the president to bomb the Sunni extremist group in Syria and Iraq. Last September, when YouGov.com asked Americans whether they supported air strikes “against Syria,” only 20 percent said yes. Last week, by contrast, when it asked whether Americans supported strikes “against ISIS militants in Syria,” 63 percent said yes.

  • Diplomacy
    Opinion: Saudi Arabia is essential for regional stability

    In a world replete with conflicting interests, no country can claim to be powerful or impose its prestige unless it possesses the necessary tools. Nor can any country force major states that oppose it to respect its stances and policies. The prestige of the state cannot be imposed overnight or by means of financial power. Rather, it is the accumulation of mature and rational political stances and clear-sighted positions. A state’s prestige is based on its ability to interpret and predict risks.

  • Shipping
    Mega freighter docks at Rabigh port

    King Abdullah Port in Rabigh, north of Jeddah, received the largest cargo ship ever to dock in the country's seaports. The giant ship, MSC London, arrived from Greece and is 300 meters long, 54 meters wide, and 16 meters deep in the water. It is capable of carrying more than 16,500 containers weighing a combined 189,000 tons.

  • Construction
    New Massive Lagoon Planned For $4bn Megaproject In Saudi

    Crystal Lagoons, the developer of giant crystalline lagoons, announced that it has won a deal to build a lagoon at a $4 billion mega project in Saudi Arabia. The lagoon will be situated at the centre of a 240-hectare mixed project being developed by the Prince Sultan Cultural Centre, in the north of Jeddah, the company said in a statement.