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  • Twitter Use Booms in Saudi Arabia: Infographic
     

    Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]

     
  • Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
     

    Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]

     
  • We’re here, can we come in? TASI and foreign investors
     

    The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors.  Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]

     
  • First of 84 new Boeing F-15SAs bound for Saudi Arabia Tested as U.S.-Saudi Military Relations Remain Active
     

    UPI.com reports that the first new Boeing F-15SA completed a successful test flight last month in the United States. The report quotes Lt. Gen. C. D. Moore II, the commander of the Air Force Life Cycle Management Center, who said, “The successful first flight of the F-15SA is a tremendous milestone for the program and […]

     
  • The Saudi Economy 2013 and Investment Opportunities – CIT
     

    The Committee for International Trade is active in many countries promoting Saudi trade. In the United States it is a primary organizer of the US-Saudi Business Opportunities Forums that have been held in Chicago (2010) and Atlanta (2011).  The third in this series will be announced soon.  The Secretary General of CIT, Mr. Omar Bahlaiwa, […]

     
  • Al-Rabiah to Promote Saudi Auto Industry in U.S.
     

    The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]

     
  • Top 10 Salaries In Saudi Arabia
     

    The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional.  The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.

     
  • Saudi Youth Filmmaking on the Rise
     

    Social media continues to catalyze Saudi Arabia in unpredictable ways.  Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’  Short videos – some 36 seconds at maximum – have proliferated.  While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]

     
  • Lockheed Nets $253 Million Training Contract
     

    US-based Lockheed Martin will provide Virtual Training Technologies in support of Saudi Arabia’s F-15SA Modernization Program. The news comes on the heels of a recent announcement that the company had set up a branch in Riyadh on February 8th.  — According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract […]

     
  • Keystone: Saudi Arabia’s First Idea Translation Lab
     

    Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment.  Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education.  The KAUST […]

     

MUST-READS

  • Niemann wins in Saudi Arabia for 2nd LIV Golf title of the year

    Joaquin Niemann won his second LIV Golf title in three starts, closing with a 4-under 66 on Sunday at LIV Golf Jeddah for a four-shot victory over Louis Oosthuizen and Charl Schwartzel. Niemann now has three wins in the last three months, starting with the Australian Open victory in December that allowed him to rejoin the European tour and eventually put him on the path toward getting invited to the Masters.

  • OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

    Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the multinational organization noted Sunday. Saudi Arabia led the pack by extending its previously-implemented cut of 1 million barrels a day through the end of 2024's second quarter.

  • AWS to Launch an Infrastructure Region in the Kingdom of Saudi Arabia

    Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as healthcare, education, gaming, and nonprofit organizations, greater choice for running their applications and serving end users from data centers located in the Kingdom of Saudi Arabia, ensuring that customers who want to keep their content in-country can do so. As part of its long-term commitment, AWS is planning to invest more than $5.3 billion (approx. 19.88 billion Saudi riyal) in the Kingdom of Saudi Arabia. For more information about AWS Global Infrastructure, visit aws.amazon.com/about-aws/global-infrastructure.

  • UiPath Announces Investments in Saudi Arabia, Including First Saudi School of Automation and New Office Location in Riyadh

    UiPath, a leading enterprise automation and AI software company, today announced at LEAP 2024 its commitment to supporting digital transformation and workforce upskilling via modern AI and automation technologies in Saudi Arabia with new investments in the Kingdom. The UiPath Business Automation Platform connects people, technology, and processes in one integrated platform to further human achievement, advance innovation, and create more efficient ways of working.

  • Ramadan 2024: Find out why Saudi Arabia’s Prince Mohammad Bin Salman banned iftar in mosques ahead of Ramadan

    The notice, raising issues about cleanliness being compromised when iftar feasts are held inside mosques, directed imam and muezzin to oversee the organisation of these feasts in mosques’ courtyards and charged them with the responsibility to ensure cleanliness soon after the feast concludes.

  • Saudi Arabia: Migrant Workers’ Long Overdue Wages at Risk

    In 2016, following a period of low oil prices and an economic downturn in Saudi Arabia, several companies failed to pay hundreds of thousands of migrant workers their wages, leaving them stranded. In late 2023, Saudi Oger’s Liquidation Trustees and Mohammad Al-Mojil Group (MMG)’s Bankruptcy Trustee, the trustees of the two Saudi-based construction companies, who faced such economic challenges and are currently in liquidation and bankruptcy respectively, announced that former employees should register for their payments.

  • Saudi Arabia targets human skills as key to expanding economy at Riyadh event

    “Education is in itself the most important sector in which to invest,” Khalid Al Falih said on Thursday during his opening speech on the second and final day of the Human Capability Initiative event in Riyadh. He said that the needs for the energy sector are changing as the world shifts to cleaner methods, along with the advanced technology markets, which both demand talent for jobs that have not yet been created. This will have “a tremendous impact” on Saudi Arabia’s global competitiveness, and that is where its investment will be directed, said the minister.

  • Saudi Arabia wants to be ‘the next Silicon Valley,’ Princess Loulwa says: Video

    Princess Loulwa Al Saud, co-founder and CEO of RiseUp Saudi, says Saudi Arabia focuses on knowledge more than on funding.

  • Al-Falih: 450 international investors to establish their regional HQ in Saudi Arabia

    Al-Falih said that during this decade alone, Saudi Arabia will add more than $3 trillion in investments to the economy, and a large share of these investments will be allocated to new economic sectors such as the digital economy, tourism, financial and professional services, healthcare, and agriculture, which are sectors that will provide tremendous opportunities for developing human capital.

  • Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia

    Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintech’s across the Kingdom to benefit from innovative payment solutions.