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  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • Jadwa Chartbook June 2012: Trade
     

    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. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit. 

     
  • The Middle East fights the Flame, but virus spreads anyway
     

    Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]

     
  • Wider world opened to Saudis studying abroad
     

    Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]

     
  • Jadwa Chartbook June 2012: Banking
     

    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. Below is a snapshot of Jadwa’s banking sector analysis.

     
  • Saudi Construction Sector: A Sleeping Giant Awakes
     

    Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector.  Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP.  It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]

     
  • Saudi, Kuwait, UAE lead Q1 GCC corporate earnings growth
     

    Earnings of Saudi Arabian companies totalled $6.7 billion, an increase of 15 per cent YoY and 28 per cent QoQ. SABIC, which reported $1.9 billion in Q1 profits, saw its bottom-line decline by five per cent YoY due to softening of global petrochemical prices when compared to Q1 2011. Saudi Banks continued its stable growth […]

     
  • Changing patterns in U.S. crude imports
     

    U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]

     
  • At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
     

    Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in

     
  • Saudi Satire Ignites YouTube’s Massive Growth in Middle East
     

    Fahad Albutairi never expected a career in broadcast or comedy, and he certainly didn’t expect to emerge as a YouTube star known to millions. Albutairi is the co-founder and star of the La Yekthar Show, a small cadre of YouTube shows shot in Saudi Arabia that have become wildly popular in the last year. His […]

     

MUST-READS

  • External Scholarships In Saudi Arabia – Study in Saudi Platform

    The Kingdom of Saudi Arabia offers a range of External Scholarships for international students through the Study in Saudi Arabia platform. These scholarships are hosted by various Saudi universities. The duration of these scholarships typically aligns with the length of the chosen academic program.

  • Average life expectancy in Saudi Arabia rises to 77.6 years

    The report reveals a notable increase in average life expectancy in the Kingdom, which has risen to 77.6 years. This improvement is attributed to a series of health enhancements and initiatives, including the adoption of health promotion policies across all aspects of life, the promotion of walking culture, reduction of salt in foods, calorie disclosure, and the elimination of trans fats, along with efforts to enhance healthcare services and strengthen health risk prevention.

  • Saudi Arabia Registers ‘Cultural Landscape of Al-Faw Archaeological Area’ on UNESCO World Heritage List

    The Saudi Minister of Culture, Chairman of the Heritage Commission, and Chairman of the National Committee for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan, has announced that the Kingdom successfully inscribed the Cultural Landscape of Al-Faw Archaeological Area in the Riyadh Region on the UNESCO World Heritage List as a cultural site of outstanding universal value to humanity.

  • Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals

    The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results released July 28.

  • Saudi Arabia launches seasonal markets system for date trading

    The National Center for Palms and Dates, in collaboration with the Ministry of Environment, Water, and Agriculture, has announced the launch of the Seasonal Markets System, a mandatory electronic platform designed to regulate and organize the trading of dates in seasonal markets. The system aims to enhance the efficiency and quality of market data across all regions of the Kingdom, requiring registration for anyone looking to sell, buy, or market dates.

  • Saudi Arabia joins 80 countries in historic deal on e-commerce

    About 80 countries including Saudi Arabia reached a historic agreement on Friday on rules governing global digital commerce, including recognition of e-signatures and protection against online fraud. “We negotiated the first global rules on digital trade,” EU trade chief Valdis Dombrovskis said after the deal in Geneva following five years of negotiations.“This will facilitate e-transactions, boost innovation, and integrate developing countries into the digital economy,” he said.

  • Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour

    Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).

  • Saudi Arabia issues major update on incredible new £3.8bn seaside city

    Spread over 3,800 square kilometres, it showcases the Kingdom’s commitment to innovation, sustainability and cultural heritage. It comprises three distinct communities: Triple Bay, The Island, and The Coastal Development.

  • Road accident deaths down 54% in Saudi Arabia

    The Health Sector Transformation Program has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016. The Program's report also indicated a reduction in road accident injuries, reaching 70.87 per 100,000 people, down from 74 injuries per 100,000 people in 2016. Roads that meet traffic safety standards accounted for 77%, while vehicles complying with updated periodic inspection requirements and standards accounted for 46%.

  • Saudi markets receive over 29 tonnes of seasonal produce from Qatif oasis farms

    The farms of Qatif Oasis are playing a crucial role in supplying fruit and vegetable markets throughout Saudi Arabia’s Eastern Province. From Al-Khafji in the north to Al-Ahsa in the south, they provide a wide variety of seasonal produce including vegetables, fruits and fresh dates. Spanning some 800 sq. km from Safwa to Dammam, Qatif governorate is home to over 3,700 farms of which 2,454 are actively producing a variety of crops, reported Saudi Press Agency.