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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

  • Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say

    Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.

  • Dubai Becomes New Switzerland for Traders of Russian Commodities

    Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all over the world. Now, a ratcheting up of sanctions is prompting a migration to the emirate in the Persian Gulf.

  • Saudi Oil Major Aramco Aims to Generate 12 GW of Renewable Energy by 2030

    The sustainability report highlights Aramco’s plans to reduce the energy consumption at all of its facilities, design new energy-efficient units, and increase overall energy efficiency across domains. The oil company aims to establish a framework for in-company renewable applications supported by a mix of grid-connected and off-grid solutions, including office buildings, valve stations, cathodic pipeline protection, bulk plants, and production wells.

  • Inside the hangar at the center of the $1 billion Airbus-Qatar jet dispute

    The two planes, worth around $300 million combined according to analysts, are among 23 grounded A350s at the centre of a $1 billion London court battle over whether the damage represents a potential safety risk, something Airbus strongly denies.

  • American allies in the Middle East pressure Biden to come up with strategy for containing Iran

    On a visit to Washington earlier this month, Saudi Arabia's Deputy Defense Minister Khalid bin Salman -- Saudi Crown Prince Mohammed bin Salman's brother -- told Biden's senior national security officials that he was pleased the US-Saudi relationship was getting back on track, sources familiar with the discussions said. But he expressed concerns that the US had still not articulated a comprehensive strategy for dealing with Iran's nuclear ambitions, ballistic missile arsenal and support for regional militant groups, the sources said. And the administration has not yet told its allies, including Saudi Arabia, what a possible "Plan B" would be should the nuclear talks fail, regional officials said.

  • Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say

    A deal to open up Saudi airspace to all flights operating into and out of Tel Aviv is being discussed ahead of US President Joe Biden’s trip to the Middle East, according to people familiar with the matter. Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.

  • Gulf States Hedge Against Global Energy Transition, Now With Hydrogen

    In July 2020, Saudi Arabia announced a $5 billion green hydrogen plant, to be powered by renewables and built in the futuristic city of Neom. Jointly owned by Saudi Arabia’s ACWA Power and Air Products, the plant is expected to produce 650 tons of hydrogen by 2025 for exportation. Further, in January, the Ministry of Energy signed eight memorandums of understanding with local authorities to implement pilot projects for sustainable aviation fuel and vehicles and buses that run on hydrogen fuel cells.

  • When will Egypt’s brain drain end?

    A report issued by the Egyptian Medical Syndicate has revealed that 11,586 Egyptian doctors resigned from their positions in government hospitals during the past three years in what it described as an "unprecedented brain drain." The London-based Al-Sharq Al-Awsat newspaper also reported recently a comment by Egyptian MP Hazem El-Gendy which revealed that half of Egypt's doctors – 110,000 out of more than 212,000 — had fled the country during the same period.

  • Can the Middle East economic outlook remain positive amid mounting market pressure?

    The report, commissioned by ICAEW and compiled by Oxford Economics, reveals that the Middle East GDP is projected to grow at 5.2 percent in 2022, an increase of 1 percentage point on Oxford Economics’ forecast three months ago. According to the report for Q2, Middle Eastern countries are having to adjust to pressures stemming from the ongoing Russia-Ukraine conflict, China’s economic slowdown, and the tightening of global market conditions.

  • Can the Middle East economic outlook remain positive amid mounting market pressure?

    The report, commissioned by ICAEW and compiled by Oxford Economics, reveals that the Middle East GDP is projected to grow at 5.2 percent in 2022, an increase of 1 percentage point on Oxford Economics’ forecast three months ago. According to the report for Q2, Middle Eastern countries are having to adjust to pressures stemming from the ongoing Russia-Ukraine conflict, China’s economic slowdown, and the tightening of global market conditions.