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  • Growing Domestic Demand threatens Energy Export Position
     

    “As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia leads GCC IPO momentum in Q2 2024

    PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

  • UAE seeks solo trade agreements as intra-Gulf rivalry heats up

    The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia-led regional political and trade bloc.

  • Oil tumbles on easing fears of wider Middle East war

    Brent and U.S. crude oil futures fell on Tuesday as traders grew less nervous about the potential for a wider war in the Middle East, with Iran yet to act on threats to retaliate on Israel for assassination of a Hamas official in Tehran. Benchmark Brent crude futures settled down $1.61, or 1.96% at $80.69 a barrel. U.S. West Texas Intermediate crude finished down $1.71, or 2.14%, at $78.35 a barrel.

  • Israel Was Less Flexible in Recent Gaza Cease-Fire Talks, Documents Show

    For weeks, Prime Minister Benjamin Netanyahu of Israel has denied that he is trying to block a cease-fire deal in Gaza by hardening Israel’s negotiating position. Mr. Netanyahu has consistently placed all blame for the deadlocked negotiations on Hamas, even as senior members of the Israeli security establishment accused him of slowing the process himself.

  • New report demonstrates huge potential for digital label growth in Saudi Arabia

    As the MENA region’s graphic arts and packaging industries gear up for the first Gulf Print & Pack exhibition in Saudi Arabia next year, a new report demonstrates the astonishing growth potential of the Saudi digital printing market. The report, compiled by consultancy Astute Analytica, predicts that the Saudi digital print sector will generate revenues of US$ 766.58 million by 2032, up from US$ 351.33 million in 2023 - a CAGR of 9.24 percent during the forecast period 2024-2032.

  • Middle East Trillions Force New Concessions From Wall Street

    Sitting atop nearly $4 trillion and acutely aware of their importance to Western capital markets, the Middle East’s biggest state-controlled funds are increasingly asking asset managers what they’ll do in return for an investment. These firms are being urged — and at times required — to have more gatherings in the Gulf, set up local offices and bring more people to live and work in the area.

  • China Energy Engineering signs $972 million solar deal with Saudi partners

    China Energy Engineering (601868.SS), opens new tab signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals. The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power (2082.SE), opens new tab, and Saudi Aramco Power Company.

  • A trove of artifacts from Egypt’s last dynasty has been found in 63 tombs

    A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. The artifacts include gold pieces and jewelry dating to Egypt’s Late and Ptolemaic periods, and some items could be displayed at one of the country’s museums, said Neveine el-Arif, spokeswoman for the Ministry of Tourism and Antiquities.

  • Incredible prize money for Saudi Arabia Snooker Masters confirmed

    The Saudi Arabia Snooker Masters will be held for the first time in Riyadh later this month and will boast a top prize which matches the World Snooker Championship. The 144-player event begins on 30 August and a champion will be crowned on 7 September, a champion who will walk away with £500,000 for their troubles. The runner-up will pocket £200,000 and the semi-finalists £100,000, which are the same as the prizes won at the Crucible.

  • A World Cup like no other – Saudi Arabia reveal their vision for FIFA’s 2034 tournament: Video

    Saudi Arabia detailed a massive stadium building project Wednesday to host the 2034 World Cup in men’s soccer, with one venue 350 meters (yards) above ground in a planned futuristic city.