U.S.-SAUDI RELATIONS

Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman

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Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department.

Saudi Arabia

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Saudi Real Estate Refinance Company

Saudi refinance firm plans Islamic bond issues to fund mortgage drive

SRC is part of a government-backed effort to solve one of Saudi Arabia’s biggest social and economic problems, a shortage of affordable housing, by developing ...

 

Oil Exports

Saudi pips Iraq as top oil supplier to India in July, data says

Saudi Arabia replaced Iraq as top oil supplier to India in July after a gap of more than a year, according to data from industry ...

 

Saudi-Canada

Canadians give Ottawa mixed reviews for its handling of Saudi Arabia spat

44 per cent say they approve Ottawa’s response to the surprise tiff, with almost one-quarter saying they strongly approve. ...

 

U.S.-Saudi Relations

State Department says Pompeo did discuss Yemen strike with Saudi prince

Secretary of State Mike Pompeo did discuss the recent Saudi-led airstrike in Yemen in a Monday call with a Saudi prince, an agency official said, ...

 

Vision 2030

Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness ...

 

Public Investment Fund

Saudi fund may only play minor part in Musk’s $72 billion Tesla plan: bankers

Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. ...

 

U.S.-Saudi Relations

Pompeo, Saudi crown prince discuss Syria, Iraq, Afghanistan, Yemen

U.S. Secretary of State Mike Pompeo spoke with Saudi Crown Prince Mohammed bin Salman by phone on Monday to discuss the situations in Syria, Iraq, ...

 

Public Investment Fund

Tesla: Saudis expected to fund taking company private, Musk says

Elon Musk, who tweeted last week that he had "funding secured" to take Tesla private, says he was referring to conversations he had with the ...

 

Offshore Drilling

Saudi Arabia goes full throttle in offhore drilling spree

Over 16% (47 rigs) of jackups worldwide work in Saudi Arabia for Saudi Aramco (and Saudi Arabia accounts for over 40% of the jackup market in ...

 

Mortgage Growth

Saudi Mortgage Growth to Aid Rebound in Lending at Al Rajhi Bank

Home loans have risen as much as 6 percent this year and there are 450,000 Saudis eligible to purchase a home under one of the ...

 

Oil Prices

Oil rises on concern over Saudi and Iranian supply

Oil prices jumped on Tuesday after Saudi Arabia said it cut production, adding to concerns over global supply as U.S. sanctions against Iran curb its ...

 

Cryptocurrencies

Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’

Though Saudi Arabia does not recognize cryptocurrencies, the country has embraced the benefits of distributed ledger technology in various fields. ...

 

Water

National Water says projects worth $12 bln under construction

Saudi Arabia’s National Water Company has 901 projects under construction, at a cost of more than SAR 45.2 billion, the firm said in a statement ...

 

Construction

Canada’s Biggest Builder Faces ‘New Level of Risk’ in Saudi Feud

Canada’s diplomatic clash with Saudi Arabia is threatening a key pillar of SNC-Lavalin Group Inc.’s growth plan. ...

 

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U.S.-Turkey

Turkey responds to Trump tariffs with huge duties on cars and other goods

Turkey on Wednesday intensified its clash with the United States, announcing heavy new tariffs on some American products including cars, alcohol and tobacco. ...

 

Debt Issues

GCC 2018 debt issuance to exceed $50 billion

GCC sovereign issuance has had another strong first half, with the two multi-tranche sovereign bond transactions of Saudi Arabia and Qatar leading issuance of over ...

 

Turkey

Turkey to boycott US electronic goods over sanctions

Turkey's President Recep Tayyip Erdogan has said his country will boycott US electronic products, after Washington imposed punitive sanctions on Ankara. ...

 

Iraq

Sistani enters the fray: ‘Reform or else’

In his Friday sermon on 27 July, delivered in Karbala by one of his most senior representatives, Abd al-Mahdi al-Karbalai, Sistani was damning in his ...

 

ME Smart Cities

Smart cities to drive Middle East data centre spending to US$5 billion by 2020

As the Middle East accelerates its digital transformation and smart cities growth, regional data centre spending and investment is expected to reach a new record ...

 

Careem

Middle East’s Careem to Test Bus Service in Egypt

Careem Networks FZ, the Middle Eastern ride-hailing provider, is testing a bus-booking service ahead of a possible roll-out out across all 14 countries it operates ...

 

ME Fintech

The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region

The past decade has shown that fintech can be a powerful force for equality. Blockchain, data analytics, and mobile phone technology are evolving at breakneck ...

 

Middle East Hotels

The Middle East’s hotel construction pipeline: Video

The continued growth has resulted in 875 projects or 216,045 rooms combined so far, and the total Middle East pipeline has 594 projects or 170,490 ...

 

Russia in the Region

Russia’s master plan in Syria: Video

One of Russia's top generals speaks to CNN's Fred Pleitgen about the final resolution for Syria's Idlib and Russia's hope that the US and other ...

 

U.S. Middle East Policy

Perspective: Losing by “Winning”: America’s Wars in Afghanistan, Iraq, and Syria

Seventeen years on, the U.S. has no real strategy in Afghanistan other than hoping that the Taliban will be exhausted first and be willing to ...

 

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