Starting next year, foreigners can tap into the Kingdom's flush bourse. Saudi Arabia is opening its $530 billion stock market to foreign investors for the first time in a move meant to shift its economy away from dependence on oil revenue. News of this expansion, slated for the first half of 2015, sparked a nearly 3% uptick in the Tadawul at close yesterday. Read Full Story
``Saudi Arabia, the oil-producing kingdom whose stock market has been off-limits to outsiders, will allow foreign investors to buy and sell shares next year as it seeks to lure capital to the $745 billion economy.''
Countries jousted again over proposals to replace the super-potent heat-trapping chemicals called hydrofluorcarbons (HFCs) under the Montreal Protocol, the world’s most successful environmental treaty. Saudi Arabia and Kuwait emerged as the most vociferous opponents. read more
Las Vegas will be the new Saudi Arabia. The nation grappled with a Polar Vortex-esque weather pattern and unusually cool summer temperatures this week. So it may be as good a time as any to think about how much hotter it could get in the future. Read Full Story
Saudi Arabia's Islamic Affairs Ministry is investigating 17 mosque imams in the capital Riyadh for not using their Friday sermons to denounce an al Qaeda attack this month, the English daily Arab News reported on Saturday.
In recent years Saudi Arabia and the United Arab Emirates have waged crackdowns on local Muslim Brotherhood (MB) movements and their alleged sympathizers under the banner of combating "global terrorism." These governments claim thatShow More Summary
Is President Obama’s “all of the above” energy policy a success? Or a climate failure? A report issued recently by Bank of America declared the United States has now surpassed Saudi Arabia as the world’s largest oil producer. The daily...Show More Summary
There's one less reason to envy European women: Violeta, the full-figure collection by Mango, is officially available in the US. First launched in France, Germany, Italy, Netherlands, Turkey, Russia, Saudi Arabia, and Spain earlier this...Show More Summary
Inside Higher Ed, Manipulating Citation Rankings?: The possession by Saudi Arabia’s King Abdulaziz University of more highly cited researchers than almost any other university in the world raises questions about institutions’ ability to manipulate global rankings. This is the view of two researchers who last week posted on the arXiv...
Saudi Arabia, the world’s biggest oil exporter, shipped the least crude in almost three years in May as domestic refineries processed record amounts and power plants also increased consumption, official data showed. The post Saudi Crude Exports in May Fell to Lowest Since 2011 appeared first on gCaptain Maritime & Offshore News.
Bank of America noted in a recent report that the U.S. has surpassed Saudi Arabia as the world's biggest oil producer.
- Journalist Patrick Cockburn shows how much impact Saudi Arabia had in the rise of the Islamic State - The armed wing of Hamas rejected Egypt's ceasefire calling it a "surrender" and Israel continued its rocket attacks. Although journalist...Show More Summary
In a recent article in The Independent, Patrick Cockburn made a number of wide and questionable assumptions relating to Saudi Arabia, the Islamic State of Iraq and Syria (ISIS) and the recent crisis in Iraq. However, to Mr. Cockburn's...Show More Summary
Evening Headlin es Bloomberg: Saudis on Alert at Iraq Border for Conflict Spillover. Saudi Arabia is deploying men and high-tech machinery to boost vigilance along its 800 kilometer (500-mile) northern border with Iraq, where it faces security threats from both sides in a deepening sectarian conflict. Show More Summary
How much responsibility does Saudi Arabia have for the chaos cause to Syria, Iraq and the entire region by the now-infamous Islamic State of Iraq and the Levant? For Algeria’s Le Quotidien d’Oran, noted columnist Kharroubi Habib writes that in an effort to displace al-Qaeda, which seeks the overthrow of the Saudi monarchy, Saudi ‘strategists’ [...]
A woman accused of falsely claiming she was sexually assaulted and tortured by a Saudi sheik's son in Los Angeles was charged Monday with conspiracy to extort one of the wealthiest men in Saudi Arabia of $20 million, prosecutors sai...
Learn about Gulf Center for Human Rights efforts to raise awareness about online activists facing harassment and legal challenges in Saudi Arabia.
As in the United States, Europe and Japan, Saudi Arabia is now mandating new vehicles be more fuel efficient. Like the U.S., however, the Saudis will put the onus on the automakers without raising a cent on fuel prices. Green Car Reports says as part of the 2012 Saudi Energy Efficiency Program, new vehicles on […]
By James M. Dorsey Long gone are the days when Saudi Arabia was the only Arab country that had designed its visa rules to bar Jews from entering the kingdom and Saudi Foreign Minister Prince Saud al Faisal gave visiting US Secretary of State Henry Kissinger the Protocols of Zion, a 19th century anti-Semitic tract, as a gift. Show More Summary