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  • 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.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 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 third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
     

    Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]

     
  • Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
     

    Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]

     

MUST-READS

  • Saudi: New Nazaha law stipulates termination of government employee if convicted of corruption

    A government employee shall be terminated from service in the event of conviction of corruption by a court of law. Legal measures will be taken against an employee if he amasses wealth disproportionate to his income. These provisions are included in the new Saudi Oversight and Anti-Corruption Authority (Nazaha) Law, approved by the Council of Ministers on July 23.

  • Saudi Maaden Doubles Profits in Second Quarter of 2024

    The net profits of the Saudi Arabian Mining Company (Maaden) doubled by approximately 192 percent to one billion riyals ($266 million) during the second quarter of 2024, compared to SAR 350.9 million ($93 million) during the same period last year. In a statement on Tadawul, the company attributed the growth to the increase in total profit by 35 percent to SAR 572 million as a result of the rise in selling prices, the decrease in the cost of raw materials, and depreciation expenses.

  • Saudi EV market seen to grow by 6% YoY until 2030: Lucid

    Marc Winterhoff, Chief Operating Officer at Lucid Group, predicts that the electric vehicle (EV) market in Saudi Arabia will grow by 6% year-on-year (YoY) until 2030, Al Eqtisadiah newspaper reported. He added that by that time, 210,000 to 250,000 EVs would be sold annually in Saudi Arabia, a significant number that aligns with Saudi Arabia’s commitment to manufacturing 500,000 vehicles and supporting this investment with $50 billion.

  • Readout of Secretary of Defense Lloyd J. Austin III’s Call With Israeli Minister of Defense Yoav Gallant

    Secretary Austin reiterated the United States' commitment to take every possible step to defend Israel and noted the strengthening of U.S. military force posture and capabilities throughout the Middle East in light of escalating regional tensions. Reinforcing this commitment, Secretary Austin has ordered the USS ABRAHAM LINCOLN Carrier Strike Group, equipped with F-35C fighters, to accelerate its transit to the Central Command area of responsibility, adding to the capabilities already provided by the USS THEODORE ROOSEVELT Carrier Strike Group.

  • US ‘shares’ Israel concern Iran retaliation ‘could’ come this week

    President Biden and European allies intensified diplomatic consultations and outreach to try to avert regional escalation as Israel said it was on high alert for Iranian retaliation, and as the Pentagon rushed additional naval and air power to the region to try to defend Israel from potential attack. But it was unclear if the U.S. believed an Iranian attack was likely, or if it might be conducting some sort of psychological warfare, forcing Israel to brace for one without striking, yet, or possibly to advance Gaza ceasefire efforts.

  • Why Israel’s bombing of Yemen may have unintended consequences

    On July 20, after an unprecedented Houthi drone strike killed a civilian in Tel Aviv the day before, Israel launched a series of airstrikes on Houthi-held Hodeidah Port on Yemen’s Red Sea coast. Beyond reportedly killing at least nine people and injuring dozens more, the aerial bombardment destroyed several pieces of vital infrastructure—including a major fuel storage site. While much of the international coverage of the incident has focused on the context of the wider regional dynamics of the Gaza war, the destruction of such infrastructure also stands to have significant economic, political, and potentially even military impacts within Yemen.

  • Abbas Araghchi, Iran’s Experienced and ‘Revolutionary’ Incoming Foreign Minister

    Araghchi’s appointment should be seen as a positive development at a time of high and rising tension in the region. In addition to his long experience in international affairs and nuclear talks, he enjoys robust “revolutionary” credentials that could partially shield him from domestic criticism should Iran make concessions on key issues.

  • US to resume sales of offensive weapons to Saudi Arabia

    More than three years after imposing limits on human rights grounds over Saudi strikes in Yemen, the state department said it would return to weapons sales “in regular order, with appropriate congressional notification and consultation”. “Saudi Arabia has remained a close strategic partner of the United States, and we look forward to enhancing that partnership,” the state department spokesperson, Vedant Patel, told reporters.

  • Saudi Arabia’s Athir raises new investment round

    Athir, a Saudi-based health tech company, has announced the successful closure of its first investment funding round. The round saw participation from Wa’ed Ventures, SHARE Investment Co., and RZM Investment. The “Athir HIS” system is the first fully integrated Saudi system for healthcare facilities, applied in both public and private sectors. This system integrates with various platforms like Absher, Sehhaty, Wasfaty, in addition to hospital healthcare systems and medical insurance management systems.

  • Defense secretary orders submarine to Middle East

    US Defense Secretary Lloyd Austin ordered a guided-missile submarine to the Middle East and accelerated the arrival of a carrier strike group to the region ahead of an anticipated Iranian attack against Israel, the Pentagon said in a statement Sunday evening. The USS Georgia, a nuclear-powered submarine armed with cruise missiles, was operating in the Mediterranean Sea in recent days, according to the Navy, having just completed training near Italy.