QUOTED

“We should all be bracing for a ferocious response. The stage is set for a retaliatory spiral that could keep markets on edge well into 2020.”

Helima Croft, chief commodities strategist at RBC Capital Markets, on what to expect from markets this week in the wake of the U.S. assassination of Qassem Soleimani. The killing reverberated through Middle Eastern markets, sending stocks nosediving and setting the tone for what’s likely to be a volatile week. [Bloomberg.com]

TOP STORY

U.S.-SAUDI RELATIONS

Deputy Defense Minister Khalid bin Salman to Visit Washington, London to ‘Urge Restraint’ as U.S.-Iran Tensions Soar

MBS, KBS, Majed Al-Qassabi

Saudi Arabia’s Crown Prince Mohammed bin Salman has instructed his younger brother and deputy defense minister Prince Khalid bin Salman to travel to Washington and London to “urge restraint” after the killing of a top Iranian commander has sent regional tensions soaring. [more]

 

MORE TOP STORYLINES

Saudi not consulted over US strike that killed Soleimani

Via Anuj Chopra in yahoo.com : Saudi Arabia faces a heightened risk of missile and drone attacks, the United States warned, after Tehran vowed revenge following the strike on Friday that killed powerful commander Qasem Soleimani in Baghdad.

Saudi Arabia’s global investments exceed $1.1trln

in zawya.com : Saudi investment assets abroad grew by 8.86% or $92.5 billion $1.14 trillion by the end of the third quarter (Q3) of 2019, as shown by the Saudi Arabian Monetary Authority’s most recent data. Saudi assets abroad consist of various investments, such as foreign direct investment (FDI), portfolio investments, as well as reserve assets.

Korea, Saudi Arabia to set up SMART reactor construction JV

in pulsenews.co.kr : The Ministry of Science and ICT signed a revised pre-project engineering contract to jointly set up an entity that will lead the commercialization and construction of a Korea-designed SMR in the oil kingdom with Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (K.A.CARE).

 

MORE ON THE KINGDOM AND BEYOND

Green Buildings

Ministry of Housing, With the Support of Alpin, Develop Mostadam, New Green Building Rating System

Alpin Limited is proud to have been an integral part of the development of Mostadam, a new green building rating system developed by the Ministry of...[via yahoo.com]

 

Yemen Civil War

Saudi Arabia Strongly Condemns Houthi Terrorist Attack in Yemen’s Marib

Saudi Arabia strongly condemned on Monday the terrorist attack carried out by the Iran-backed Houthi militias against a mosque in the al-Estiqbal military training camp...[via aawsat.com]

 

Air Defense

France deploys radar system in Saudi Arabia to ‘reassure’ kingdom

France has deployed a radar system on the eastern coast of Saudi Arabia to beef up its ally’s defenses after missile attacks on the kingdom’s...[By John Irish and Tangi Salaun via reuters.com]

 

Air Cargo

SATS Saudi Arabia wins cargo concession in Riyadh

SATS operates 10 cargo terminals in Beijing, Dammam, Ho Chi Minh, Hong Kong, Jakarta, Kuala Lumpur, Mumbai, Bengaluru, Oman and Singapore....[By William Hayes via caasint.com]

 

Desert X

Desert X AlUla—the inaugural sculpture biennial in a historic Saudi Arabian valley—announces participants

Fourteen artists including five Saudi nationals will take part in the inaugural Desert X exhibition launching in the vast AlUla region in northwest Saudi Arabia...[By Gareth Harris via theartnewspaper.com]

 

Copyright Court

Saudi courts to handle copyrights, patents cases

Saudi commercial courts and departments will handle copyrights and patents-related cases from February. The cases will be heard in commercial courts and in commercial departments...[via arabnews.com]

 

Saudi-Sudan

Saudi Arabia reiterates its commitment as top Sudan Donor

Saudi Arabia, the biggest aid provider to Sudan, has pledge continued commitment to the beleaguered state. The pledge was made a high-level roundtable on Humanitarian...[via reliefweb.int]

 

Invest Saudi

Saudi Arabia records a 51 per cent increase in FDI in 2019, Invest Saudi

In a report, Invest Saudi, the state entity in charge of promoting foreign investment, said that a total of 1,131 of foreign companies were created...[via cpifinancial.net]

 

Saudi Economy

Saudi Arabia’s 2020 growth forecast cut by IMF on OPEC+ cuts

Saudi Arabia's 2020 GDP will be 1.9%, down from 2.2% projected in October, the IMF said. The fund kept its 2021 forecast at 2.2%, compared...[By Dania Saadi via spglobal.com]

 

Retail

Saudi’s United Electronics to Evolve Online Platform, CEO Mohammed Galal Fahmi Says

Mohammed Galal Fahmi, chief executive officer of United Electronics Co., a consumer electronics retailer in Saudi Arabia, talks about its business strategy and outlook. United Electronics reported...[via bloomberg.com]

 

Change

Saudi Religious Scholars Debate if Shops Should be Closed at Pray Time

Saudi Arabia has recently announced allowing commercial activities to function for 24 hours, in a new string of promised boosts of business and provide services...[via albawaba.com]

 

Saudi Cup

Inaugural Saudi Cup coming up a blockbuster – and so could the undercard

A clash of Eclipse Award finalists Maximum Security, McKinzie, and Midnight Bisou ramps up anticipation for the inaugural $20 million Saudi Cup. Moreover, Riyadh’s Feb....[By Kellie Reilly via brisnet.com]

 

International Maritime Industries

Saudi IMI signs rig deals with ARO and Lamprell

International Maritime Industries, located in The King Salman Complex for International Maritime Industries & Services at Ras Al-Khair, Saudi Arabia, will be the largest, full...[via oglinks.news]

 

Trump Foreign Policy

Trump threatens to strike Iranian cultural sites and impose ‘very big’ sanctions on Iraq as tensions rise

Trump projected a wartime posture as he wrapped up his holiday vacation here, reiterating that if Iran took military action against the United States he...[By Seung Min Kim and Philip Rucker via washingtonpost.com]

 

Iran

Iran announces it is suspending its commitments to the 2015 nuclear deal

"Iran's nuclear program will now be based solely on its technical needs," the statement said. The move includes breaching the deal's caps on uranium production...[By Erin Cunningham via washingtonpost.com]

 

Trump Foreign Policy

Trump threatens Iraq with sanctions if US troops are expelled

Speaking from the presidential plane, Mr Trump said that if Iraq asked US forces to depart on an unfriendly basis, "we will charge them sanctions...[via bbc.com]

 

U.S.-Iran

Trump faces uproar and consequences after Soleimani killing

The deepening fallout over Iran renewed a focus on Trump's leadership style and the question of how carefully he had considered the consequences of the...[By Stephen Collinson via cnn.com]

 

Qasem Soleimani

Perspective: Qassem Soleimani Haunted the Arab World

Soleimani was so central to almost every regional event in the past two decades that even people who hate him can’t believe he could die,...[By Kim Ghattas via theatlantic.com]

 

Global Oil Markets

Oil prices rise 2% in early trading as tensions in the Middle East mount

International benchmark Brent crude gained 1.5%, or $1.07, to trade at $69.67 per barrel. Earlier in the session Brent hit a high of $70.74. U.S. West...[By Pippa Stevens via cnbc.com]

 

U.S. Military

Where U.S. troops are in the Middle East and Afghanistan, visualized

On Friday, the Pentagon announced that it was sending an additional 3,500 troops to the region, while troops in Italy were put on standby, according...[By Miriam Berger via washingtonpost.com]

 

Regional Security

NATO to hold urgent meeting on Monday over Iraq-Iran crisis

NATO ambassadors meet regularly, but Monday’s meeting was organized at short notice after the alliance decided on Saturday to suspend its training mission in Iraq...[By Francesco Guarascio; via reuters.com]

 

Kenya

3 Americans Killed In Attack On Kenyan Airfield By Al-Shabab Militants

The attack by the Somali-based al-Shabab, which is affiliated with al-Qaida, was the group's first against U.S. forces in Kenya, according to The Associated Press....[By Wynne Davis via npr.org]

 

Libya

Saudi Arabia, Egypt Condemn Turkey’s Decision to Send Troops to Libya

Turkish President Recep Tayyip Erdogan said Sunday that the country was deploying military units to Libya, where Ankara is supporting the Government of National Accord...[via aawsat.com]

 

Social Media

Which Countries Use Social Media the Most?

It also notes that the average internet user has eight social media accounts — twice as many compared to 2013 — and underscores the importance...[via brinknews.com]

 

U.S. Soccer Federation

U.S. cancels plans for Qatar camp amid turmoil in Middle East

The camp was due to be held at the Aspire Academy in Doha from Jan. 5-25, meaning players were set to depart this weekend. During...[By Jeff Carlisle via espn.com]

 

Qatar

Qatar’s Hamad airport sees 12.4% increase in passengers in 2019

Qatar’s Hamad International Airport, the country’s main commercial airport, reported on Sunday a 12.4% increase in annual passenger traffic for 2019. The airport, the base for...[By Alexander Cornwell via reuters.com]

 
 

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