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  • Riyadh Season
    Countdown begins for Riyadh Season grand finale

    Riyadh Season grand finale is almost ready thanks to “Leila, the Land of Imagination” created by Balich Worldwide Shows scheduled on Jan. 16, 2020 at King Fahd Stadium, which is expected to be the most unforgettable show of the whole festival.

  • Venture Capital
    Saudi Aramco Energy Ventures Readies New Fund, Beijing Office

    Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500 million in investments. The new fund will also be roughly $500 million in size, Majid Mufti, the company’s chief executive officer, said in an interview on the sidelines of an energy conference in Abu Dhabi. It will be financed primarily by returns on the previous investment, which has backed 45 technology companies, primarily in the U.S. and Europe, since 2012.

  • Power
    Saudi Arabia’s ACWA Power plans $10 billion of investments in 2020: CEO

    Saudi Arabian utility developer ACWA Power is planning to invest about $10 billion in 2020 as it eyes new projects in some 10 countries, the company’s chief executive said on Saturday. The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi.

  • Security
    Trump Brags About Serving Up American Troops to Saudi Arabia for Nothing More Than Cash

    “Saudi Arabia is paying us for [our troops]. We have a very good relationship with Saudi Arabia,” Trump said. “I said, listen, you’re a very rich country. You want more troops? I’m going to send them to you, but you’ve got to pay us. They’re paying us. They’ve already deposited $1 billion in the bank.”

  • Japan
    Saudi crown prince ‘fully supports’ Japan MSDF mission in Middle East

    Saudi Arabia Crown Prince Mohammed bin Salman has expressed full support for Japan’s dispatch of a Maritime Self-Defense Force destroyer and patrol aircraft to the Middle East, during a meeting with visiting Prime Minister Shinzo Abe on Sunday.

  • Saudi Stock Market
    Saudi index outshines as Gulf markets rebound

    Saudi Arabia's benchmark index advanced 2.7%, its biggest intraday gain since Oct. 2018. Al Rajhi Bank leapt 2.3%, while state-owned Saudi Aramco climbed 2.3% to 35 riyals, snapping four straight days of losses.

  • U.S. Foreign Policy
    Staying in the Gulf: The Changing Cost and Strategic Advantages

    Despite growing geopolitical tension, the United States still has vital interests in the Gulf region. In this presentation, the CSIS Burke Chair outlines the benefits of a continuing presence in the Gulf from both a strategic and economic perspective. In addition, the report demonstrates how U.S. engagement in the region fits into the context of broader military and budgetary commitments.

  • GCC
    U.S.-Iran Crisis Promotes Sudden GCC Unanimity and Common Purpose

    It’s not surprising that Qatar, Oman, and Kuwait were keen on avoiding the U.S.-Iranian escalation. But it is more noteworthy that Saudi Arabia, the UAE, and Bahrain – which regarded Suleimani and his Iraqi clients as deadly enemies – would be similarly committed to de-escalation and the avoidance of further conflict. Yet the prospect of a broader regional conflict has been alarming to these states for many months, if not years.

  • India
    India’s oil demand growth set to overtake China by mid-2020s: IEA

    India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

  • Power
    UAE’s Masdar and Saudi Arabia’s Acwa Power sign renewables deals in Azerbaijan

    Abu Dhabi's clean energy company, Masdar, and Acwa Power, based in Saudi Arabia, have both signed agreements with Azerbaijan's Ministry of Energy to develop renewables projects. Masdar's agreement will see it develop, build and operate a 200 megawatt solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022, the company said in a statement. “Today’s signing marks a major step forward for Azerbaijan and its ambitions to diversify its energy mix," said Masdar's chief executive, Mohamed Al Ramahi.