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Saudi Ambassador Princess Reema Visits Naval Air Station in Pensacola, Florida, Offers Condolences to Victims
Saudi Arabia’s Ambassador to the United States Princess Reema al-Saud visited the Naval Air Station Pensacola in Florida on Thursday to “personally extend her deepest condolences for the tragedy that unfolded last week and to reinforce Saudi Arabia’s full cooperation with U.S. authorities in investigating this senseless act of violence,” the Saudi embassy in Washington, […]
A Look at Saudi Arabia’s 2020 Budget
This week, Saudi Arabia unveiled its 2020 budget, which signals an end to the expansionary trend of recent years, assumes lower oil prices than in 2019, and continues to invest in the economic diversification as outlined in the Kingdom’s Vision 2030 economic and social reform plans.
Saudi Aramco Soars 10% in Debut in ‘Vindication’ for Company
Saudi Aramco’s shares rose SAR 3.20, or 10% (the daily limit) to 35.2 riyals in Riyadh, raising the company’s valuation to $1.88T. The debut, by any measure, is a success, and officially makes Saudi Aramco the world’s most valuable company.
Arab Youth are Concerned about Unemployment, Poll Finds
A recent Arab News — Arab Strategy Forum research study conducted by YouGov found that 55 percent of Arab youth believe corruption is the main problem in their country, but unemployment was close behind at 46 percent, according to Arab News. In the Arab world, 65 percent of the population are under the age of 30. The study interviewed 3,079 […]
Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince
A Saudi soldier in training in the United States opened fire on a naval base in Pensacola, Florida on Friday, killing three and wounding 12. Second Lt. Mohammed Saeed Alshamrani was then killed by a sheriff’s deputy who responded to the attack. The attack shocked Saudis and Americans alike.
Saudi Aramco Officially the World’s Biggest IPO, Raises $25.6 Billion
Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, raising $25.6 billion, making it the world’s biggest IPO. The IPO values Aramco at roughly $1.7 trillion, making it the most valuable publicly traded company in the world ahead of Apple, which is worth about $1.15 trillion. It also soared past the previous […]
Saudi Arabia to Grant Citizenship to ‘Scientists, Intellectuals and Innovators’ From Around the World
In a bid to attract top talent and spark innovation in the Kingdom, Saudi Arabia has announced that it would grant full citizenship to “scientists, intellectuals, and innovators” from key sectors and focuses, according to reports.
Tiger Woods Cites Busy Schedule in Declining to Play in Saudi Invitational, Defends Mickelson’s Decision to Play
Tiger Woods has declined to play in the upcoming Saudi Invitational golf tournament early next year, citing one of the busiest tour schedules for the Master’s champ in recent years, and defended the decision by Phil Mickelson and others to play. Woods said that he understood that the decision could be difficult for some athletes, […]
Qatar, Saudi National Teams Set to Face Off in Semifinals of Gulf Cup in Doha
Qatar defeated the United Arab Emirates, 4-2, in the quarterfinals of the Gulf Cup being played in Doha, Qatar on Monday. The win advances the host country’s team to a semifinal match against Saudi Arabia on Wednesday. The match between the two teams has extra intrigue as the two nations play each other for the […]
Saudi Arabia Assumes G20 Presidency, Launches Promotional Video
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020. The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms.
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Enhancing the Role of SMEs in the Arab World—Some Key Considerations
Small and medium-sized enterprises (SMEs) are a cornerstone of Arab economies, accounting for over 90 percent of all businesses and providing a major source of new job creation.
IRGC threat to Israel infuriates Lebanon
General Morteza Qorbani said, “If the Zionist regime makes the smallest mistake toward Iran, (the Revolutionary Guards) will reduce Tel Aviv to ashes from Lebanon,” without firing a single missile from Iranian territory.
Sultan Qaboos returns to Oman after medical treatment in Belgium
Oman’s Sultan Qaboos has returned home after medical treatment and checks in Belgium, Oman state media said on Friday, citing a Royal Court statement. Western-backed Qaboos, 79, has ruled the Arabian Peninsula state since he took over in a bloodless coup in 1970 with the help of Oman’s former colonial power Britain. He has traveled abroad for medical reasons at least twice since 2014.
Lebanon electricity crisis: Stealing power to survive
"It's crazy to think that we're in 2019 and still have three hours a day when there is no electricity," says Lara Kais, 33, who helped organise the protest camp. She is talking about Beirut - in other places the cuts can be up to 17 hours a day.
Iranian power was the target when Iraqis attacked a Najaf shrine
Tehran’s overt meddling in Iraqi politics is seen as enabling a weak government as well as the rise of dozens of Shiite militias and their parties, which analysts say are corruptly engaged in every aspect of Iraq’s economy.
US military releases photos showing Bagram Air Base damage following brazen Taliban assault
A source on the ground detailed to Military Times that a firefight between the Taliban and Afghan and U.S. forces lasted nine to 10 hours. Taliban fighters barricaded themselves inside the medical facility they struck.
Turkey, Russia ‘very close’ to second missile defense deal
Turkey could finalize terms for delivery of a second consignment of S-400 advanced missile defenses from Russia by April when the first batch will be ready to operate, Ankara’s defense industry chief said on Friday.
Oil hits 3-month high as trade hopes, UK election lift sentiment
Oil rose to its highest in nearly three months on Friday as progress in resolving the U.S.-China trade dispute and Britain’s general election result appeared to lift two clouds that have been hanging over investor risk appetite. U.S. sources said on Thursday that Washington has set its terms for a trade deal with Beijing, offering to suspend some tariffs on goods and cut others in exchange for Chinese purchases of more American farm goods.
Aramco Is Said to Pay Banks Only $64 Million for Record IPO
The figures represent the base fee being paid by Aramco, which will decide the amount of discretionary incentive fees at a later date, the people said. If Aramco opts to dole out additional money, most of it would likely go to the domestic banks that brought in the bulk of the IPO orders.
Commentary: Saudi Arabia Seeks to Ease Tensions With Iran
Saudi Arabia doesn’t “trust the Iranians,” said a Saudi official, but Riyadh hopes it “can at least come to an agreement to stop possible attacks in the future.”
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