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SAMA Publishes 49th Annual Report

The Saudi Arabian Monetary Agency (SAMA) published its 49th annual report on the Saudi economy for 2012. After strong GDP growth in 2011, the report found that the trend continued as the Kingdom maintained a large budget surplus and significant non-oil sector progress. The report also highlighted how the International Monetary Fund commended Saudi Arabia’s implementation of economic policies while a separate conclusion from a report provided by the Group of Twenty (G20) ranked the country first among G20 nations for implementation of the Group’s commitments, namely structural reforms, fiscal consolidation, financial institution reforms, and removal of trade barriers.  More...
 

President Obama Discusses U.S.-Saudi
Strategic Partnership with King Abdullah

U.S. President Barack Obama traveled to Saudi Arabia and met with Custodian of the Two Holy Mosques King Abdullah on March 28, 2014. The visit was announced weeks earlier to discuss the ongoing strategic U.S.-Saudi relationship and regional security. Upon arrival in Riyadh, President Obama was met by H.R.H. Prince Khalid Bin Bandar Bin Abdul Aziz, Governor of Riyadh, and H.R.H. Prince Turki Bin Abdullah Bin Abdul Aziz, Deputy Governor of Riyadh, before setting off via helicopter to Rawdat Khuraim for his meeting with King Abdullah.  More...
 

King Abdullah Appoints Prince Muqrin
as Deputy Crown Prince

Custodian of the Two Holy Mosques King Abdullah has appointed H.R.H. Prince Muqrin Bin Abdul Aziz as the new Deputy Crown Prince. The appointment makes Prince Muqrin, the youngest son of the Kingdom's founder H.M. King Abdul Aziz Al-Saud, next in line of succession following Crown Prince Salman Bin Abdul Aziz. Prince Muqrin was previously named Second Deputy to the Prime Minister in early 2013.  More...
 

Joseph Westphal Confirmed as New
U.S. Ambassador to Saudi Arabia

On March 26, 2014, Dr. Joseph Westphal was confirmed as the new U.S. Ambassador to Saudi Arabia, succeeding former Ambassador James Smith who stepped down from his diplomatic post in October 2013. The confirmation comes as President Obama is visiting the Kingdom to meet with Custodian of the Two Holy Mosques King Abdullah to discuss the U.S.-Saudi strategic partnership and other issues of mutual concern. During Dr. Westphal’s Senate hearing, he noted, “Apart from political and security cooperation, the U.S. and Saudi Arabia enjoy robust commercial and business relationships, and I look forward to further strengthening trade and promoting American exports.”  More...
 

 

 

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USSABC Publications

A Business Guide to Saudi Arabia 2013

The U.S.-Saudi Arabian Business Council (USSABC) is pleased to present the A Business Guide to Saudi Arabia 2013.  Not only is the Guide the premier Saudi business resource, it is a quick reference tool and includes important information for American companies interested in entering the lucrative Saudi market. More…

News Bulletins

SABIC to Boost Steel Production Capacity

New Deputy Minister for Petroleum Affairs Appointed

Bahri Receives Newest Bulk Ship

GE Opens Oil and Gas Manufacturing Facility in Saudi Arabia
- See more at: http://www.us-sabc.org/custom/news/details.cfm?id=1569#.Uzxpt23wqRM
Hill International Awarded Extension Contract for KAFD - See more at: http://www.us-sabc.org/custom/news/details.cfm?id=1524#.UoPVDz-Mmng

More News Bulletins ...

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U.S. Commercial Service Discover Global Markets: Africa, Middle East, & India
May 1-2, 2014
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May 4-12, 2014
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May 5-8, 2014
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USSABC Delegation to Saudi Health Exhibition and Conferences 2014
May 19-21, 2014
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SACM Career Fair
May 24-27, 2014
National Harbor, MD

C3 US-Arab Business Summit
October 6, 2014
New York, NY

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Last Updated April 15, 2014
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