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  • Total US-Saudi Bilateral Trade Reaches Record-High $39 Billion in H1 2012
     

    Total bi-lateral trade between Saudi Arabia and the United States reached $39 billion in the first six months of 2012, a record high for any half to date.  Below are some key US-Saudi trade figures for the first half (H1) of 2012 provided to SUSTG by the Saudi Commercial Office at the Royal Embassy of […]

     
  • ‘A Disciplined Approach To Forward-Looking Policymaking’
     

    A recently released report by the Center for Strategic and International Studies on Saudi Arabia’s energy policy finds that the Kingdom is pursuing a “disciplined approach to forward-looking policymaking.” The report was published by Hisham Akhonbay, who is a visiting fellow with the Energy and National Security Program at CSIS from the King Abdullah Petroleum […]

     
  • Will Saudi Arabia become an oil importer by 2030?
     

    THIS was the question asked all of this past week all over the world. Thousands of stories were filed on the topic, following speculation by a Citigroup analyst that Saudi Arabia may start importing oil by 2030. According to that theory, by 2030, Saudi consumption of oil would outstrip production and we could be importing […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     
  • Property rents soar in Saudi Arabia, analyst report shows
     

    Residential property rents in Saudi Arabia’s main cities have increased by up to 15% in some locations in the first six months of the year. The latest analysis report from real estate consultants CBRE explains that an increasing population and a rapid rise in per capita GDP has led to soaring rents. There has been […]

     
  • Jadwa September 2012 Saudi Chartbook – Inflation
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • President Obama’s Envoy to Mecca Islamic Summit Shares Views
     

    A little known detail about last month’s Extraordinary Islamic Solidarity Summit in Mecca was the presence of an American diplomat representing President Barack Obama to the 56-member Organization of Islamic Cooperation (OIC). The special summit, which met on August 14-15, 2012, was called by King Abdullah to take up crises, conflicts and serious issues affecting […]

     
  • Saudi real estate market poised for new boom
     

    New programmes and the new mortgage system — approved by the cabinet in July and expected to take force in the next few weeks — will contribute to decreased land prices, realtors said. Land prices are expected to drop by 20%, especially in the central, eastern and western regions, according to realtors. Residential land prices […]

     
  • Jadwa September 2012 Chartbook – Construction Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Mitt Romney on Foreign and Middle East Policy
     

    This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.  The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]

     

MUST-READS

  • New regulations to control quantities of special goods; beverages for foreign embassies in Saudi Arabia

    In a step which aims to counter “improper exchange of special goods and alcoholic beverages received by the embassies of Non-Muslim countries inside Saudi Arabia”, Arab News has obtained information of a new regularity framework to be implemented — in accordance with the Vienna Convention On Diplomatic Relations 1961 — to curb the uncontrolled importing of these special goods and liquors within the diplomatic consignments.

  • The Saudi Pro League gains steam: an update on the latest on Saudi Arabia’s football ambitions

    An update on the Saudi Pro League and the latest news and developments for #football in Saudi Arabia heading into key portion of season. The 966 hosts discuss some developments with #PIF's investments into the sport and the planned upcoming match between #Ronaldo and #Messi in the Kingdom.

  • Saudi Arabia on the road to cloud-powered digital transformation

    In parallel, the government has been pouring resources into building the necessary infrastructure. A testament to this is the Ministry of Communications and Information Technology’s 2021 initiative, where an $18 billion investment was announced to establish a vast network of data centers across the Kingdom. This bold move has garnered global attention, drawing investments from tech giants, with Google Cloud Region inaugurating its Saudi-based operations in November 2023. The strategic positioning of the Kingdom is more than just establishing infrastructure; it is about setting global benchmarks for cloud operating models.

  • Pakistan, Saudi Arabia hold joint military training-Xinhua

    A joint military training between the Pakistan Army and Royal Saudi Land Forces kicked off on Sunday in Okara district in Pakistan's eastern Punjab Province, the Pakistani military said. At the inauguration of the training in Okara Garrison organized by the Multan Corps of the Pakistan Army, the contingents of both countries displayed remarkable military drill, the Inter-Services Public Relations (ISPR), the media wing of the Pakistani military, said in a statement.

  • Saudi Arabia beat nine-man Kyrgyzstan to move into Asian Cup knockouts

    Saudi Arabia qualified for the Asian Cup knockout stage after they beat Kyrgyzstan 2-0 in a one-sided Asian Cup group game on Sunday at the Ahmed bin Ali Stadium where two Kyrgyz players were sent off for reckless fouls. The result moved Saudi Arabia to six points at the top of Group F while Thailand are two points behind in second after they drew 0-0 with Oman (one point) earlier on Sunday. Kyrgyzstan are bottom after losing both their games.

  • Saudi Arabia Foreign Minister Demands Palestinian State

    Saudi Arabia’s foreign minister says the kingdom will not normalize relations with Israel or contribute to Gaza’s reconstruction without a credible pathway to a Palestinian state. Prince Faisal bin Farhan’s remarks in an interview with CNN broadcast late Sunday were some of the most direct yet from Saudi officials. It puts them at odds with Israeli Prime Minister Benjamin Netanyahu, who has rejected Palestinian statehood and described plans for open-ended military control over Gaza.

  • Ministry launches health clusters across Saudi Arabia, completes first phase of transition

    Each cluster will include primary care centers, public hospitals, and specialized services within its scope, offering beneficiaries integrated administrative organization to ensure service flexibility, promptness, and satisfaction. The clusters will also be responsible for the health of the population in their area through continuous monitoring, such as conducting early periodic examinations for all and collaborating with other entities to create a healthier community environment.

  • Saudi Arabia to host World Economic Forum meeting in April

    Saudi Arabia will host a special World Economic Forum (WEF) meeting in April, economy minister Faisal Alibrahim said on Thursday, as it aims to boost the global profile of the kingdom and its capital Riyadh.
    The meeting, scheduled to take place from April 28-29, will focus on global collaboration, growth and energy, Alibrahim said in Davos, Switzerland, where the World Economic Forum's main annual event is currently taking place.

  • Saudi Arabia’s Tadawul to buy 32.6% stake in Dubai Mercantile Exchange

    Stock exchange owner and operator Saudi Tadawul Group (1111.SE), opens new tab will buy a 32.6% stake in the parent company of Dubai Mercantile Exchange (DME) and become the Emirati trading platform's joint largest shareholder, it said on Thursday.
    Founded in 2007, DME lists the Oman crude oil futures contract, which is a physically settled contract serving as a Middle East benchmark used by the region's national oil companies as part of their export pricing formulas.

  • Saudi Arabia in prime position for green hydrogen in global energy landscape

    “The plan aims to produce 1.2 million tons of green hydrogen and to supply 10% of the global demand for hydrogen by 2030,” they explained. “Furthermore, Saudi Arabia Public Investment Fund (SAPIF) has been investing in several energy projects globally, including a joint venture with Power and Air Products to develop a $5 billion green hydrogen-based ammonia production facility in NEOM, Saudi Arabia. The facility will have a capacity of 1.2 GW and will produce 650 tons of green hydrogen per day.”