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  • US Training Teams Arrive in Saudi Arabia As Brass Praise Arab ‘Professionalism’ in Coordinated Strikes
     

    US Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, Army Gen. Martin E. Dempsey announced at a joint press conference that U.S. trainers have arrived in Saudi Arabia to assist in the development of moderate Syrian rebels, the Voice of America reports.  “Opposition fighters are being vetted by U.S. military, […]

     
  • UAE Fighter Pilots who Bombed IS in Syria Led by Female Commander
     

    A Saudi Prince and a female fighter pilot from the United Arab Emirates took part in this week’s airstrikes on the Islamic State in Syria, according to reports and photos emerging on the social networking site Twitter. Fighter pilots from the UAE’s air force were led by Maj. Mariam Al Mansouri, a female commander of the […]

     
  • Saudi Foreign Minister Prince Saud Al-Faisal Remarks to the Global Counterterrorism Forum in New York
     

    [Press Release] Saudi Foreign Minister Prince Saud Al-Faisal addressed the Global Counterterrorism Forum yesterday in New York to discuss international efforts toward combatting global terrorism. During his remarks, Prince Saud stated, “Faced with such serious realities, we are required today to initiate polices and take fateful and resolute decisions to confront this vicious attack with full force and determination, and to act seriously […]

     
  • Riyadh and Jeddah in Top 10 Global Hometowns of America’s Foreign Students
     

    We recently recommended the Brookings Institution’s innovative study of foreign students in America (Brookings’ Gold: Interactive Data On Foreign Students In U.S. Higher Education).  By mining visa data the study discovered a number of fascinating trends with regard to American higher education.  Recognizing this commodity as a major service export, Neil Ruiz, the study’s author, […]

     
  • Marking Saudi National Day Celebration, U.S. Ambassador to the Kingdom Congratulates Saudis on Modernization
     

    The Kingdom of Saudi Arabia marks its 84th National Day today, a celebrating 84 years as a unified Kingdom and marking the anniversary of the formation of Saudi Arabia by the late King Abdulaziz. Establishments across Saudi Arabia’s cities were turning green in celebration and local municipalities were preparing events for Saudi citizens today, Arab News reports. […]

     
  • NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
     

    Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports.  The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]

     
  • LG Breaks a Record on way to King Khalid International Airport
     

    It’s about 45 kilometers from Riyadh to King Khalid International Airport.  For a couple kilometers during that trip you are now able to see the largest outdoor advertising structure ever.  In fact, for about a quarter of a kilometer you will be passing right by it. LG built it to promote its G3 phone and […]

     
  • Long Taboo, Cinema to Return to the Kingdom of Saudi Arabia
     

    Saudi Arabia will relax its ban on cinema and film-related activities in the Kingdom, according to reports. The change didn’t come with an announcement, but rather, with an adjustment to a feature on the Ministry of Labor’s web portal for entrepreneurs, according to Arab News. Information on how to register for cinema licenses is now […]

     
  • SAGIA in Transition
     

    The Saudi Arabian General Investment Authority (SAGIA) was established in 2000 to be a major driver in the Kingdom’s efforts to liberalize its economy.  It has certainly fulfilled that role and over the last 14 years SAGIA has been a chief strategist, leading promoter and the administrative front office for the Kingdom’s business as Saudi […]

     
  • Fahad Nazer in ‘Foreign Affairs’: Renewing Vows With Saudi Arabia
     

    The U.S. and Saudi Arabia “are ready to let bygones be bygones” as the two nations seek to coordinate in their efforts to fight the Islamic State, but “much will depend on the Obama administration’s ability to articulate a clear long-term strategy for the Middle East — and specifically for the two countries where ISIS […]

     

MUST-READS

  • Saudi cabinet calls for Arab-Islamic summit, urgent political solutions amid regional crises

    The Saudi cabinet discussed the Kingdom’s call for an Arab-Islamic summit to address ongoing Israeli aggression in Palestinian territories and Lebanon, in a session chaired by Crown Prince Mohammed bin Salman on Tuesday. The cabinet also stressed the urgent need for a political resolution to the crisis in Sudan, urging all parties to honor the commitments outlined in the "Jeddah Declaration" of May 2023. It emphasized the importance of an immediate ceasefire in Sudan, a cessation of hostilities, and the unobstructed delivery of humanitarian aid to those in need.

  • Contraband Whiskey and a Secret Royal Dinner: Wall Street Goes to Riyadh

    Even a small “check,” or investment from a Saudi company or family, might be $100 million, earmarked for artificial intelligence initiatives or energy infrastructure, attendees said. On the higher end, there were groups such as the government’s official sovereign wealth fund, called the Public Investment Fund and led by the magnate Yasir Al-Rumayyan, willing to write multibillion-dollar checks.

  • Saudi Arabia and Iraq sign MoU on military cooperation

    Saudi Defense Minister Prince Khalid bin Salman and his Iraqi counterpart Thabet Al-Abbasi signed a memorandum of understanding on Monday aimed at strengthening cooperation in the military field. The agreement, signed during a high-level meeting in Riyadh, represents a significant step forward in defense collaboration between the Kingdom and Iraq, Saudi Press Agency reported. The MoU establishes a framework for increased collaboration on military matters, allowing Saudi Arabia and Iraq to address shared security challenges more effectively and pursue mutual goals in defense, SPA added.

  • Exploring the growing Extra Low Voltage industry in Saudi Arabia

    The ELV market in Saudi Arabia is segmented by end-users, with the commercial construction sector being the largest consumer, accounting for about 32% of the total demand in 2022. This segment includes office buildings, shopping malls, hotels, and other commercial establishments that require sophisticated ELV solutions for security, communication, and automation purposes. The education sector is another significant segment, representing 14% of the market. Schools, colleges, and universities are increasingly adopting ELV systems to enhance security, improve communication, and integrate advanced technological solutions into their infrastructure. The healthcare sector follows closely, contributing 12% to the market demand. Hospitals and medical facilities require robust ELV systems for security, communication, and life safety systems.

  • Alat’s Bold Moves at FII8: Driving Partnerships, Resilient Supply Chains, and Sustainability

    Alat is excited to announce our official collaboration with the FII Institute – to focus on launching transformative initiatives aimed at addressing critical challenges in various sectors, from AI to clean energy – reinforcing our dedication to innovation and sustainability. By working alongside world leaders and visionaries, Alat will play a pivotal role in driving global progress through innovative technologies and sustainable solutions, with this particular collaboration solidifying our position as a leader in both advanced manufacturing and forward-thinking practices that benefit industries and economies worldwide.

  • Commentary: Gulf States Choose Diplomacy Facing Region on Fire

    For officials in the Gulf states, such heavy investment in diplomatic initiatives reflects (and supports) the focus on economic growth, rather than political confrontation, and an emphasis on “de-risking” regional dynamics that might jeopardize the major projects underway across the region. This is especially the case in Saudi Arabia, where several of the gigaprojects so closely associated with Vision 2030 move into delivery phases, but also in Qatar, where the search for a post-2022 World Cup bounce continues, and other states, such as the United Arab Emirates and Oman, as they begin to navigate global energy transitions. There is no appetite for a renewed standoff with Iran amid a pragmatic management of the threat posed by regional affiliates of the “axis of resistance,” as evidenced by the Gulf states’ careful avoidance of any role in the airstrikes led by the United States and United Kingdom against Houthi positions in Yemen that began in January.

  • Israel’s strikes on Iran spark interest in air-launched ballistic missiles

    Israel's effective use of air-launched ballistic missiles in its airstrikes against Iran is expected to pique interest elsewhere in acquiring the weapons, which most major powers have avoided in favour of cruise missiles and glide bombs. The Israel Defense Forces said its Oct. 26 raid knocked out Iranian missile factories and air defences in three waves of strikes. Researchers said that based on satellite imagery, targets included buildings once used in Iran's nuclear programme.

  • Saudi Arabia and 7 other OPEC+ countries extend additional voluntary cuts of 2.2 million bpd until end of December

    The OPEC Secretariat said in a statement that the eight OPEC+ countries, such as Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, have agreed to extend the voluntary adjustments announced in November 2023 of 2.2 million bpd for one month. All these countries previously announced additional voluntary production adjustments in April and November 2023.

  • Saudi Arabia’s Q3 budget deficit decreases to $8bn

    Saudi Arabia reported a budget deficit of SR30.23 billion ($8.06 billion) for the third quarter of 2024, a decrease of 15 percent compared to the same period last year, according to the Ministry of Finance. This brings the total deficit for the nine months ending in September to SR57.96 billion, remaining in line with the ministry's previous forecasts. Government revenues increased by 20 percent compared to the same quarter last year, reaching SR309.21 billion. Expenditures also rose, up 15 percent to SR339.44 billion, resulting in a budget deficit of SR30.23 billion.

  • Saudi Arabia posts a Q3 revenue of $82.4 billion

    Oil revenues stood at 191 billion riyals while non-oil revenues at 118 billion riyals. The Kingdom’s total spending came to 339 billion riyals in the quarter while Saudi Arabia logged a budget deficit of 30 billion riyals, the finance ministry statement showed.