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  • Interview with Thuraya Al-Arrayed, Women Join Shura Council
     

    This month King Abdullah of Saudi Arabia kept his promise and appointed women to the Shura Council for the first time. The council is a non-voting, advisory body. But the inclusion of women is significant. Anchor Marco Werman speaks with Thuraya al-Arrayed, one of the Shura’s new female members.

     
  • Oil Exports, Politics and Propaganda
     

    Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     
  • Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
     

    The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.

     
  • Breakthrough in Saudi Arabia: 30 women named to parliament
     

    King Abdullah Bin Abdul Aziz of Saudi Arabia issued Friday a historic decree allowing women to be members of the kingdom’s previously all-male Shura Council for the first time. The decree amended two article in the council’s statute introducing a 20 percent quota for women in the country’s 150-member Shura Council, and the king appointed […]

     
  • How to create a transmedia hit in the Middle East: C3 Summit:
     

    The distinguished panel of industry leaders walked through a hypothetical case where creative people in the business designed a Middle East based transmedia enterprise and talked through the process of launching and promoting it. They provided an overview of developments in their field in the Middle East and the role of education and creativity in […]

     
  • Saudi Arabia’s ‘golden age of learning’ under King Abdullah
     

    The major barrier in the progress of science in Muslim countries is the absence of a culture based on scientific research. There are no established research strategies, poor institutional support and insufficient integration among science-rich communities. Appointments and promotions in faculties must be based on merit. Muslim countries must create a merit-based structure that fosters […]

     
  • Saudi Arabia’s $220bn spending spree
     

    Even at growth of 3.4 percent, Saudi Arabia’s economy will be the envy of most other large countries. That figure is above the average expected GDP (3 percent) of the G20 nations – of which the kingdom is one – according to Moody’s. And, waiting in the wings, is Saudi Arabia’s vast foreign reserves, which […]

     
  • Saudi Arabia’s 2013 Budget – Jadwa
     

    Budgeted spending is at another all-time high in 2013, as the government continues with its program to upgrade the human and physical infrastructure and spurring economic growth. One highlight of the Ministry of Finance (MoF) budget announcement is the 18 percent jump in revenues. With no new initiatives announced, we think this is a sign […]

     
  • ‘Expansionary’ Saudi 2013 Budget Provides for Record Spending on the Back of 2012 Surplus
     

    A recently released report by Jadwa Investment on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next year.

     

MUST-READS

  • Riyadh Air Showcases its Remarkable Livery for the First Time

    A new chapter in air travel is taking the skies with the world class, digitally native airline “Riyadh Air”. The Boeing 787-9 Dreamliner painted aircraft with the modern and striking livery was revealed in Riyadh at King Khaled International Airport on June 12th marking a national celebration of the new carrier. The historical moment and ceremony were attended by highnesses, excellencies and official dignitaries. The aircraft flew on low altitude over several notable landmarks in the Riyadh skyline, including KAFD, Boulevard city and some of the iconic main towers, thrilling residents with a glimpse of their new airline while sharing the pride of seeing the new national carrier in the Kingdom. The aircraft will then make its public debut on June 19th at the 54th Paris Air Show as part of Riyadh Air’s first appearance to global audiences.

  • Blumenthal launches probe into PGA Tour-LIV partnership

    While the deal was announced last Tuesday, there are still unanswered questions and unsettled issues surrounding the agreement, and the surprising partnership could face hurdles, including obtrusion from Congress. The PGA Tour’s policy board will need to approve the final framework of the agreement and it also might need to pass muster with the Justice Department, which had launched an investigation last year into the PGA Tour over potential antitrust violations.

  • Has Blinken’s Saudi visit reset Washington-Riyadh ties, and what would that mean?

    In this context, the joint statement between the GCC foreign ministers and Mr Blinken stood out for its emphasis on a two-state solution. Both parties reaffirmed their commitment to achieving a just, permanent, and comprehensive peace in the Middle East, based on the two-state solution and the 1967 borders, with land swaps in accordance with internationally recognised standards and the Arab Peace Initiative.

  • Khamenei says the West could not stop Iran from building nuclear arms if it chose to

    The West could not stop Iran from building nuclear weapons if Tehran wanted a pursue a nuclear arms programme, Iran's Supreme Leader Ayatollah Ali Khamenei said on Sunday, amid mounting tensions over the country's advanced nuclear work. "Talks about Tehran's nuclear weapons is a lie and they (the West) know it. We do not want nuclear arms based on our religious believes. Otherwise they would not have been able to stop it," Khamenei said, according to state media.

  • Saudi venture investment on the rise

    The country secured the largest number of VC deals valued at more than $100m in the MENA region in 2022, led by the $170m in series C capital raised by fintech and food platform Foodics. Trukker, an Uber-esque service for truck transportation, raised $100m of pre-initial public offering funding, with the same amount being raised in series B funding by buy now, pay later (BNPL) firm Tamara.

  • Saudi venture investment on the rise

    The country secured the largest number of VC deals valued at more than $100m in the MENA region in 2022, led by the $170m in series C capital raised by fintech and food platform Foodics. Trukker, an Uber-esque service for truck transportation, raised $100m of pre-initial public offering funding, with the same amount being raised in series B funding by buy now, pay later (BNPL) firm Tamara.

  • Saudi Arabia seeks more Chinese investment as ties strengthen

    The kingdom aims to attract Chinese investment not only in the midstream energy sector but also in its non-oil economic sectors, including industries, services, metals and mining or tourism, among others. “There are so many things that we want to do with them and equally they want to do with us,” Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said.

  • Path to Peace, Recovery Remains Fragile in Yemen

    Almost nine years into a protracted civil war, life in Yemen remains brutally challenging for millions in the country. Gallup’s first measure after two years of being unable to safely survey Yemen reveals that a record-high seven in 10 Yemenis (71%) struggled to afford food in late 2022 and early 2023.

  • Fossil fuel company net zero plans ‘largely meaningless,’ report says

    The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them "largely meaningless", a report showed on Monday. Some 75 of the world's largest 112 fossil fuel companies have now committed to reaching net-zero - the point at which greenhouse gas emissions are negated by deep cuts in output elsewhere and methods to absorb atmospheric carbon dioxide.

  • Bill Would Strip PGA Tour Of Tax-Exempt Status After Saudi Merger Announcement

    The "No Corporate Tax Exemption for Professional Sports Act" bill is currently just one page long and pretty straightforward. It would disallow "a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions (including by managing league business affairs, officiating or providing referees, coordinating schedules, managing sponsorships or broadcast sales, operating loan programs for competition facilities, or overseeing player conduct)" from electing 501(c)(6) status under the Tax Code.