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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Knight Frank’s Faisal Durrani joins The 966 to talk Saudi real estate, giga-projects and much more
In Episode 84, The 966 speaks with Faisal Durrani, partner and head of Middle East research for the global real estate company Knight Frank. Mr. Durrani shares some of the highlights and key information from Knight Frank’s recently-released 2023 report on real estate in Saudi Arabia, The Saudi Report 2023, a publication which touches on many […]
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U.S. State of Arizona Blocks Saudi Company Fondomonte from Drilling 2 More Wells on State Land
A Saudi-owned company that farms alfalfa in the U.S. State of Arizona has been blocked from drilling two new wells in the drought-stricken state, according to local reports.
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Saudi Arabia’s PIF, U.S.-Based AeroFarms Agree to Establish Riyadh-Based Vertical Farms Company
Saudi Arabia’s Public Investment Fund (PIF) has signed a joint venture agreement with New Jersey-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom with an eye toward expansion in the wider MENA region, according to a report in Arab News and a press release from the PIF.
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Saudi Ambassador to United States Reema bint Bandar Al Saud Joins CNN for Extensive Interview
Princess Reema bint Bandar Al Saud, Saudi Ambassador to the United States, sat down with CNN’s Becky Anderson in her first televised interview with international media since becoming the ambassador in early 2019.
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Knight Frank’s Faisal Durrani on real estate trends in Saudi Arabia, the Saudi economy has a big 2Q, and more…
Episode 55! The 966 welcomes Faisal Durrani, Partner and Head of Middle East Research at Knight Frank, the London-based global real estate consultancy. Knight Frank just released two reports on Saudi Arabia’s commercial and residential real estate sectors, providing unique insights into one of the world’s fastest growing real estate markets. Faisal joins The 966 […]
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Ahead of President Biden’s Visit, Administration Said to Mull Resumption of Offensive Arms Sales to Saudi Arabia
Ahead of President Biden’s visit to Saudi Arabia this week, the Biden administration is discussing the possible lifting of its ban on U.S. sales of offensive weapons to Saudi Arabia, four sources told Reuters in an exclusive item.
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U.S. Navy Announces New Multinational Task Force to Patrol Red Sea off Yemen Coast
The U.S. Navy on Wednesday said it was establishing a new multinational task force that would target arms and other smuggling in the waters around Yemen, in a show of support for Saudi Arabia and the UAE with American power after persistent Houthi attacks.
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Security and Defense Expert David Des Roches Joins The 966 to Talk Ukraine and the Middle East
The hosts invite NDU professor and security expert Col. David Des Roches (Ret.) back on the program for episode 29 to discuss Russia’s invasion of Ukraine and how it impacts the Middle East, as well as the changing role of NATO and energy markets. The hosts and Des Roches also discuss Lucid’s new plant in […]
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Social entrepreneurship, the latest with Saudi golf, a new national holiday and much more with guest Ghadah Al-Harthi
Episode 25! Joining The 966 this week is a special guest, Dr. Ghadah Al-Harthi from London. Ghadah is Senior Consultant at Barker Langham, Associate Director MA Innovation Management, Central St Martins, and Young Adviser at Chatham House. This week, the hosts talk about the start of the Saudi international golf tournament, the announcement of a […]
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MUST-READS
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Saudi Arabia, Qatar, Egypt among world’s top arms importers: SIPRI
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of imports, while Qatar was third with 7.6%. India was the largest importer with a 9.8% global market share, according to SIPRI’s data. Read more: https://www.al-monitor.com/originals/2024/03/saudi-arabia-qatar-egypt-among-worlds-top-arms-importers-sipri#ixzz8UGU8gXJ5
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Saudi Arabia, Qatar, Egypt among world’s top arms importers: SIPRI
Gulf states and Egypt accounted for more than 25% of global arms sales in the past four years, according to a report released Monday. The Stockholm International Peace Research Institute's (SIPRI) quadrennial report on international arms transfers details the import and export of weapons around the world between 2019 and 2023.
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Iran’s Rise as Global Arms Supplier Vexes U.S. and Its Allies
Iran’s arms industry is growing rapidly, turning the country into a large-scale exporter of low-cost, high-tech weapons whose clients are vexing the U.S. and its partners in the Middle East, Ukraine and beyond. The transformation of the industry, accelerated by Russia’s 2022 purchase of thousands of drones that altered the battlefield in Ukraine, has helped Tehran scale up its support of militia allies in Middle East conflicts that have intensified alongside Israel’s war with Hamas in Gaza. One of Iran’s top arms exports, a Shahed suicide drone, designed to carry explosives and crash into its target, was used to kill three American servicemembers in Jordan in an attack by an Iraqi militia group on Jan. 28, U.S. officials said.
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2023 sees new record for US government-to-government arms exports, boosted by Ukraine aid
Sales of arms and defense gear by the U.S. government to other governments reached $80.9 billion in fiscal 2023, jumping nearly 56% from the previous year to set a new record, the State Department said Monday. The three-year rolling average for Foreign Military Sales exports rose to $55.9 billion for fiscal years 2021 to 2023, up 21.9% from last year’s mark. Notable examples of government-to-government FMS sales notified to Congress in fiscal 2023 include deals with Poland, Germany, Australia, Canada, and others.
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Towns Empty and Farms Languish as War Stalks Israeli-Lebanese Border
The border between Israel and Lebanon has become a landscape of abandoned towns and neglected farms as escalating tensions and tit-for-tat strikes between Israeli forces and Hezbollah militants have displaced more than 150,000 people in both countries.
Prospects for an end to the cross-border hostilities have grown only dimmer since the assassination on Tuesday of a senior Hamas leader in a suburb of Beirut, the Lebanese capital, fed growing fears of a wider war. The strike has been widely ascribed to Israel.
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New Bills Aim To Block U.S. Arms Sales To Saudi Arabia, Uae Amid Concerns Of Regional Conflict
REP. ILHAN OMAR is introducing two pieces of legislation to block U.S. arms sales to Saudi Arabia and the United Arab Emirates, citing atrocities committed by both countries. The U.S. made high-profile sales to both countries in December, shoring up their offensive capabilities amid the possibility of a regional war and a growing risk of confrontation with Yemen’s Houthis.
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Saudi Crown Prince calls on all countries to stop arms exports to Israel
Saudi Arabia’s Crown Prince Mohammed bin Salman urged all nations during an extraordinary BRICS summit on Tuesday to cease weapon exports to Israel.
South Africa is hosting a virtual meeting of BRICS -- a group of major emerging economies that includes Brazil, Russia, India, China and South Africa -- aimed at drawing up a common response to the Israel-Hamas conflict.
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Saudi Arabia Could Hold the Key to Seoul’s Arms Ambitions
A likely weapons deal between Riyadh and Seoul could help South Korea realize its ambition to be a major player in the global defense market. The importance of such an agreement cannot be understated: Saudi Arabia is the world’s second-largest importer of major arms, and is shopping around just as the Asian supplier is looking to sell more-advanced weaponry.
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US approving arms for Israel ‘case-by-case,’ State official says
“Just like in any country, the decision to send weapons to any particular country is a case-by-case review that occurs. Israel is no different in that than any other country in the world,” Stan Brown, principal deputy assistant secretary of State for political-military affairs, said in an interview on Monday. “I don't want to get ahead of discussions about weapons or anything of that nature of what we would do in the future, as well as now. Again, the stance is that we've continued support.”
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Saudi Arabia faces major challenges if climate warms by 3 degrees: Report
A landmark report released during the Middle East and North Africa Climate Week, which ran here from Oct. 8 to 12, highlights the challenges that Saudi Arabia might face in a world that is warmer by 3 degrees Celsius. Titled “Climate Futures Report: Saudi Arabia in a 3-Degrees Warmer World,” the report highlights the stark reality that Saudi Arabia is witnessing climate change at an accelerated pace compared to other regions. The 133-page study was generated by King Abdullah University of Science and Technology or KAUST, AEON Collective, and King Abdullah Petroleum Studies and Research Center.
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