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  • Education, Women’s Empowerment and Change
     

    There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30. Some of that increase has been through splitting up existing, very large universities, like King Abdul Aziz University, into more manageable sizes. […]

     
  • Saudi car sector to accelerate
     

    Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term, the National Commercial Bank said in its report on the Kingdom’s automotive sector released Wednesday. It noted that rising income […]

     
  • The Importance of Economic Diversification for Saudi Arabia
     

    In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]

     
  • Saudi Arabia names Defense Minister Prince Salman new heir to throne
     

    Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies.

     
  • Saudi Arabia mourns death of Crown Prince Naif
     

    The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city. Muslim leaders from across the world started arriving in Jeddah on their way to Makkah to […]

     
  • Saudi Crown Prince Nayef dies
     

    Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran readings as an expression of […]

     
  • Five Facts About Saudi Arabian Horses
     

    The 2012 London Olympics have had many controversial headlines in the news about horse sports and Saudi Arabia. With that in mind, many people know about the Arabian horse’s influence in modern Thoroughbreds and equestrian athletics, what about a country these horses originate from? Interestingly, the country of Saudi Arabia is full of horse-related facts […]

     
  • Jadwa Investments May 2012 Inflation Report for Saudi Arabia
     

    Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011. Jadwa noted that the decline “was due to a fall in inflation for ‘other expenses and services,’ which stems from lower gold prices.”

     
  • Saudi Arabia remains largest takaful market
     

    The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]

     
  • Jadwa Chartbook June 2012: Sectoral Performance
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]

     

MUST-READS

  • Saudi Arabia gives a green light to King Abdulaziz Park

    Located in North Riyadh, not too far from the King Khalid International Airport, King Abdulaziz Park promises to be a highlight of Saudi Arabia’s green transformation. The park will span 4.3 million square metres, making it one of the largest in the city. It will feature six themed gardens, each showcasing diverse plant species that aim to also attract birds, butterflies and other creatures.

  • Mega Projects Enhance Growth of Saudi Arabia’s Facilities Management

    Mega Saudi projects have contributed to increasing the volume of facilities management investments, which are expected to exceed $60 billion during 2030. Facilities management is defined as a comprehensive field that brings together the workplace (buildings and facilities), its workforce, and system operations. It aims to ensure smooth workflow, improve the efficiency of using facilities, and create a safe and comfortable work environment. The sector covers a wide range of services, including hard services such as mechanical and electrical maintenance, fire safety, and maintenance of building systems and equipment, and soft services such as cleaning, recycling, pest and infection control, floor maintenance and waste disposal.

  • GAFT Heads Saudi Team at GCC-Türkiye Free Trade Negotiations

    The General Authority of Foreign Trade (GAFT) -- represented by GAFT Deputy Governor for International Organizations and Agreements and head of the Saudi negotiating team Farid bin Saeed Al-Asali -- led the Kingdom's delegation participating in the first round of negotiations of a free-trade agreement (FTA) between the Gulf Cooperation Council (GCC) countries and Türkiye, held in Ankara July 29 to 31.

  • Saudi Arabia formally bids to host FIFA World Cup 2034

    Saudi Arabia has officially submitted its bid to host the Fifa World Cup 2034. The bid books will be published after the official deadline ends on July 31, the football governing body said in a statement. Saudi officials, including sports minister Prince Abdulaziz bin Turki Al Faisal and Saudi Arabian Football Federation president Yasser Al Misehal, handed the bid book to Fifa.

  • Abu Dhabi Investor Backs AI Firm Founded by Saudi MIT Graduates

    Shorooq teamed up with other public and private institutions including Saudi Venture Capital Company, Saudi Technology Ventures and Olayan Financing Company in what it described as the largest Series A investment for an AI firm in the Middle East and North Africa. The funds will be used to develop the firm’s product offering and geographical expansion, according to a statement.

  • LME approves Saudi port as warehouse delivery point

    The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world's largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam.

  • How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry

    Saudi Arabia has witnessed a remarkable transformation in its fashion industry in recent years, emerging as a vibrant and dynamic regional hub of creativity. Now, thanks to the power of artificial intelligence, more opportunities are fast emerging. With a blend of traditional influences and modern innovation, Saudi designers have been captivating global audiences, redefining cultural norms, and showcasing the Kingdom’s rich heritage through contemporary fashion.

  • Unearthing the transformative potential of Saudi Arabia’s mining sector

    Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transforming into a leading exporter of diverse energy types, shifting away from its traditional role as an oil producer.

  • Saudi hails kingdom’s first female Olympic swimmer Mashael Alayed

    Saudi dignitaries on Sunday hailed the performance of Mashael Alayed, the first female swimmer from the kingdom to compete in an Olympics. The 17-year-old is the only female swimmer in the delegation and smashed her personal best to come sixth of seven in her 200 metres freestyle heat. Female athletes were for many years an untapped reservoir of talent in the conservative Islamic state, with girls banned from participating in sport at public schools until 2017 and women not allowed into sports stadiums until the following year.

  • Saudi Arabia plans 92,000-capacity stadium in Riyadh

    Saudi Arabia said on Sunday it plans to build a 92,000-capacity stadium in Riyadh that can host major international events, with the kingdom looking set to win the right to host the 2034 World Cup. The Saudi sports ministry unveiled the approved design for the stadium, which is scheduled to be completed in the fourth quarter of 2029, according to the state news agency SPA. The stadium is set to serve as the main base of the Saudi national team and will be part of a sports complex featuring an indoor sports hall, an Olympic-sized pool and other facilities. It will be named after Saudi King Salman.