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  • Nitaqat: Towards a Saudi “New Deal?”
     

    Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late.  The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]

     
  • Are Members of Royalty “Foreign Officials” Under the FCPA?
     

    For U.S. companies conducting business abroad, the Foreign Corrupt Practices Act (FCPA) is a constant companion.  The FCPA, “applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the […]

     
  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Riyadh at Night
     

    The population of Riyadh, the capital city of Saudi Arabia, has risen dramatically in the last half century—from 150,000 in 1960 to 5.4 million in 2012. The city appears as a brightly colored patchwork in this nighttime astronaut photograph. The brightest lights, apart from those on the old Riyadh Airbase, follow the commercial districts along […]

     
  • Saudi firms top TRENDS CEO 2012 List
     

    There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]

     
  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]

     
  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     
  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     

MUST-READS

  • Commentary: Haykel – Saudi enrichment demands ‘secondary’ to ‘regime security and survival’

    So much of what I found in general in Saudi and I’ve been, as you know, many times, in general in Saudi, but really in particular, in the area of AlUla and Khaybar and Tayma, is that everything there is about how to meld the heritage, the culture, the religion, the passions, the history of not just the Jews and the Christians and the Muslims, the Nabataeans, but really the many, many generations of people who’ve come through that region.

  • Saudi Arabia launches ‘visiting investor’ visa to boost foreign investments 

    The “visiting investor” visa is being launched by Saudi Arabia’s Ministry of Investment, which worked closely with the Kingdom’s Foreign Affairs department to develop the new permit. Saudi Arabia has demonstrated a keen interest in streamlining the process for investors and international companies looking to expand their portfolios within the Kingdom, as part of the Vision 2030 initiative to diversify the economy away from oil.

  • Saudi foreign minister: wants U.S. to bid in domestic nuclear programme

    Saudi Arabia's foreign minister said on Thursday the kingdom would prefer to have the U.S. as one of the bidders for its civilian nuclear programme. Prince Faisal bin Farhan was commenting in a joint press conference with U.S. Secretary of State Antony Blinken. "We have differences of opinion but we are working on finding mechanisms for us to be able to work together," he said.

  • Kante’s Saudi move hits medical snag: club source

    World Cup-winning France midfielder N'Golo Kante's planned move to Saudi side Al-Ittihad is being stalled by medical issues, a club source told AFP on Thursday. Kante, 32, has a history of injuries and missed six months of Chelsea's Premier League season with a hamstring problem.

  • Saudi Arabia warns Snapchat users that ‘insulting’ regime is a criminal offense

    Saudi state media issued an explicit warning that it is a criminal offense to “insult” authorities using social media apps such as Snapchat, the California-based messaging app whose chief executive recently forged a new “cooperation” deal with the kingdom’s culture ministry.

  • Structure of PGA Tour merger with Saudi Arabia’s PIF raises key question: Who, exactly, will be in charge?

    An even bigger question: Given the complicated structure of the new organization that would effectively run non-major championship golf at its highest level, who exactly is going to be in charge?

  • Saudi Arabia Makes Soft Power Comeback in Iraq

    Saudi Arabia's soft power initiatives may help the kingdom advance its economic interests in Iraq and help strengthen Iraq’s ties with a key Gulf Arab neighbor.

  • Messi, Inter Miami, MLS deal: Debut, contract, salary, more

    The Miami Herald reported that it would be a "complicated" deal valued between $125 million and $150 million over the length of the contract, which it estimates to be 2½ years in length, with an option year for 2026. The report states it would include salary, bonuses and equity in the team. Both Apple (the MLS broadcast partner) and Adidas (one of the league's biggest sponsors) were offering profit-sharing agreements on merchandising and subscriptions to MLS Season Pass.

  • Blinken’s meeting with Saudi Crown Prince Mohammed bin Salman ‘open and candid’

    Meeting after midnight in the seaside city, the senior officials spoke for an hour and 40 minutes, a US official said. They discussed the wars in Yemen and Sudan, among other subjects. “There was a good degree of convergence on potential initiatives where we share the same interests, while also recognising where we have differences,” the official said. An issue of top priority is the possible normalisation of ties between Saudi Arabia and Israel, even though officials had played down the likelihood of any major progress on the topic. “They discussed the potential for normalisation of relations with Israel and agreed to continued dialogue on the issue,” the US official said.

  • Blinken’s meeting with Saudi Crown Prince Mohammed bin Salman ‘open and candid’

    Meeting after midnight in the seaside city, the senior officials spoke for an hour and 40 minutes, a US official said. They discussed the wars in Yemen and Sudan, among other subjects. “There was a good degree of convergence on potential initiatives where we share the same interests, while also recognising where we have differences,” the official said. An issue of top priority is the possible normalisation of ties between Saudi Arabia and Israel, even though officials had played down the likelihood of any major progress on the topic. “They discussed the potential for normalisation of relations with Israel and agreed to continued dialogue on the issue,” the US official said.