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MUST-READS
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OilSaudi Arabia likely to tighten 2015 budget – but not stop growth – after oil price falls
Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world’s biggest economy.
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Sectarian DialogueOpinion: Combating racism and sectarianism in Saudi Arabia
There is a need to encourage a transparent debate that can eliminate misconceptions and counter the rhetoric of radical organizations. The present approach has failed to help Muslim youth abandon their violence and militancy. It is time we explore different approaches that are more effective and can change the hearts and minds of the misguided and misinformed among us.
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Economic CitiesMore than $67 billion of investment for Saudi Arabia’s economic cities
The objective of the economic cities is to grow the national economy and raise the standard of living for Saudis through enhancing the competitiveness of the economy, creating new jobs, improving Saudis' skill levels, developing regions and diversifying the economy. Each city is being developed by the private sector around at least one globally competitive cluster or industry, which will serve as an anchor and a growth engineer for the city, around which other businesses will locate.
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U.S. Agricultural Exports to Saudi ArabiaSaudi Arabia: Food and Agriculture Exporter Guide
U.S. food and agricultural product exports to Saudi Arabia reached a record-high level of $1.425 billion in FY 2014, an increase of 24 percent over the previous year. In January 2014, Saudi Arabia implemented new requirements for a mandatory pre-registration and electronic customs clearance for all imported food and feed products. Recently, Saudi food regulatory authorities have begun a stricter enforcement of food import regulations and procedures, particularly those related to labeling requirements and the maximum allowable limits for food additives, which they have been lenient in enforcing in past years. Food packages which contain logos that may imply religious connotation, such as the trade symbols for Kosher food, have been rejected. This Exporter Guide updates the Saudi regulations and customs clearance procedures for importing food products and highlights issues that U.S. exporters must be aware of when exporting food products to the Saudi market.
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MERSSaudi Arabia reports new MERS cases, infection control plan
Saudi Arabia's Ministry of Health (MOH) reported three new MERS cases in recent days, adding that an earlier-reported patient has recovered. The agency also confirmed a MERS death today and one on Nov 28 in previously confirmed case-patients.
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Food and BeverageMars set to open its first chocolate factory in Saudi Arabia
Following an initial investment of $60 million and allocation of an additional $150 million over the next decade, Mars Saudi Arabia will open on Tuesday its first chocolate factory in the Kingdom at King Abdullah Economic City (KAEC) in Rabigh.
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Global Oil MarketsAnalysis: Output Forecast To 2020 Will Make Saudi Arabia Very Happy
The Saudis have been remarkably open and consistent about their position. For ten-years, they have been telling anyone and everyone who would listen what they think is the correct price of oil; that (NYSE:A)) their customers can afford and (B) provides a reasonable incentive for bringing-on new oil to replace what got pumped.
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Council of MinistersSaudi Arabia warns oil market speculators, says oil policy is ’emanating from economic fundamentals’
“The Kingdom's oil policy is emanating from economic fundamentals, to achieve the economic interests of the Kingdom on the short and long term, and the interests of producers and consumers,” the Council of Ministers said following its weekly meeting.
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Women DrivingLoujain Hathloul ‘arrested by police’ after spending 24 hours at Saudi Arabia border demanding that she be allowed to drive across
The French literature graduate started her journey from the United Arab Emirates, where she holds a driving licence and where it is legal for women to drive, and tried to cross its border into Saudi Arabia yesterday.
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HealthcareSaudi Arabia Liberalises Investment Rules In Healthcare Sector
As per the new regulations, experienced healthcare professionals will be allowed to move freely within institutions in the Kingdom in an effort to improve efficiency. The amended regulations will also allow citizens who are not healthcare professionals to run hospitals in the country. Previously, only Saudi doctors or healthcare professionals were allowed to operate and manage medical institutions, local daily Saudi Gazette reported. In addition, the new rules will also allow global healthcare companies to invest in Saudi Arabia, the ministry of health said in a statement.
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