123 AGREEMENT

Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement

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Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg.

Saudi Arabia

News, analysis, and more

Saudi Aramco

Saudi Aramco lifts spending plans to $414 billion over next decade

Saudi Aramco plans to raise its spending to $414 billion (310.5 billion pounds) over the next 10 years, including on infrastructure and drilling, as the ...

 

Corruption Crackdown

Saudi Arabia to Set Up Entity for Assets Taken in Crackdown

Saudi authorities are hoping to reach agreements with detainees “within weeks” after the arrests at the beginning of November, according to the kingdom’s attorney general. Authorities could ...

 

Subsidy Reform

Saudi gasoline demand to hold steady despite new price regime, analysts say

Subsidies cost the Saudi economy eight per cent of GDP in 2013 - the highest proportion for an oil exporting country, according to the IMF. ...

 

Entrepreneurship

Individual investors top financiers of Saudi technical startups

Individual investors have the biggest stake in Badir incubated startups in the innovation and modern technology field at SR30 million ($8 million), representing 40 percent ...

 

Hatoon Kadi

Saudi YouTube star Hatoon Kadi spotlights social issues

“Our society is very conservative. We feel we’re obliged to be like each other. That’s just how we were brought up. So if a woman ...

 

Prince Alwaleed bin Talal

Alwaleed’s investment kingdom reels without its prince

Now it is Prince Alwaleed who is engulfed in a crisis following his detention last month as part of Riyadh’s anti-corruption crackdown. But, in his ...

 

Illegal Immigration in Saudi

77% of illegal expats in Saudi Arabia are Yemeni

Yemenis make up 77 per cent of the total, followed by Ethiopians at 22 per cent. ...

 

Saudi Aramco

Saudi Aramco signs $10.4 billion worth of MOUs with companies

Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals. ...

 

Missile Defense

Did the Saudis Shoot Down a Houthi Missile on Nov. 4? It Doesn’t Much Matter

Bottom line: other allies counting on the extra defensive capabilities of the Patriot system have ample reason to be confident in the usefulness of the ...

 

Sulaiman al-Rashudi

Saudi Arabia frees 82-year-old former judge after 5 years

A Saudi human rights group said Wednesday that an 82-year-old former judge and prominent rights advocate has been freed in the kingdom, after serving five ...

 

Dar Al Arkan

Saudi developer launches $218m project with Roberto Cavalli in Dubai

This will be the first time the Roberto Cavalli fashion brand will lend its name to a real estate development anywhere in the world, providing ...

 

U.S.-Saudi Eduction Programs

Canadian College loses $9 million with cancelled Saudi Arabian campus

Algonquin will cap off its failed Saudi Arabia expansion by paying up to $2.9 million to cancel its contract with the Saudi Colleges of Excellence ...

 

Power and Energy

Saudi Arabia announces new electricity tariffs

Saudi Electricity and Cogeneration Regulatory Authority (ECRA) has announced that the Council of Ministers has approved gradual revision of energy prices in the Kingdom including ...

 

U.S.

Papa John’s, McDonald’s, and Pizza Hut Are Being Boycotted in Saudi Arabia Because of Trump’s Jerusalem Announcement

Iconic American chains including McDonald’s, Papa John’s, Pizza Hunt and Burger King are the targets of a new Saudi Arabian social media campaign that aims ...

 

Cinemas in Saudi Arabia

Five Key Questions About Saudi Lifting Its Ban on Movie Theatres After 35 Years

There is certainly going to be strong censorship, which may gradually ease slightly. ...

 

Saudi Nuclear Program

Trump Considers Easing Nuclear Rules for Saudi Project

The Trump administration is encouraging Saudi Arabia to consider bids by Westinghouse Electric Co. and other U.S. companies to build nuclear reactors in that country ...

 

Saudi +

Regional and related topics

Jerusalem

Commentary: Trump’s Jerusalem Decision and the Saudi-Iranian Rivalry

Trump’s decision bolsters the narratives of Salafist-jihadist groups such as the Islamic State and al-Qaeda, which have long incited terrorism against Arab regimes for their ...

 

National Security Strategy

Allies Are Key, Says Trump’s National Security Strategy

Nine months after starting his presidency by swearing off global leadership in favor of “only America first” policies, Donald Trump is set to release a ...

 

Iran Nuclear Deal

Trump punted the Iran deal to Congress. Congress just punted it back.

When President Trump decertified the Iran nuclear deal, he was punting the question of whether it should be torn up to Congress. Congress just punted ...

 

Gulf Security

Gulf Security: Looking Beyond the Gulf Cooperation Council (Working Draft)

To the extent there now is serious real-world military cooperation between the Gulf states -- or between the Arab states in general -- consists of ...

 

Jerusalem

Palestinian president says no role for US in peace process

Palestinian President Mahmoud Abbas told Arab and Islamic leaders on Wednesday that the United States is no longer fit to broker an Israeli-Palestinian peace deal ...

 

Jerusalem

Arab leaders plan major response to Trump’s Jerusalem move

A hurriedly organized summit of the three Arab entities who signed agreements with Israel (Egypt, Palestine and Jordan) was held in Cairo on Dec. 11. ...

 

U.S. Energy Exports

US Energy Exports Continue to Evolve

Not only have more barrels headed to Asia, but also to Europe. U.S. crude export loadings bound for Europe jumped to nearly 600,000 bpd in ...

 

Yemen

U.S. aid chief says no sign Yemen port blockade easing to allow aid in

There are no signs that a blockade of Yemen’s ports by a Saudi-led military coalition has eased to allow aid to reach communities increasingly at ...

 

Saudi-Qatar Rift

Qatar Says Budget Shows Economy Absorbed Saudi Boycott Impact

Qatar said it expects its budget deficit to decline next year as the economy absorbs the impact of the Saudi-led boycott. ...

 

Extremism

Saudi Arabia condemns New York bombing: ‘We reject all forms of terror’

An official source at the Saudi Foreign Ministry announced, on Tuesday, that the Kingdom condemns the terrorist bombing in New York City’s subway station. ...

 

PC Market

PC market hammered in Middle East and Africa

Personal computing devices have seen a massive shipment decrease to the Middle East and Africa by 15.2%, year-on-year in the third quarter of 2017, according ...

 

G5 Sahel

France seeks momentum and money for struggling West Africa force

France is hoping a summit in Paris on Wednesday will accelerate efforts to set up an international force to battle Islamist militants in its former ...

 

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