QUOTED

Quoted

“When we, as Saudis, heard last Friday the news of the hideous crime inside the Pensacola naval base in Florida, we were shocked…This work can only be done by a cowardly villain. He has betrayed his country, which trusted him and spent millions on his education. Instead, he stabbed her in the back and created a major political and cultural crisis.”

Dr. Hamdan Al-Shehri, Saudi political analyst and international relations scholar, writing in Arab News.

TOP STORY

Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince

trump-saudi

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.  [more]

 

TOP STORY

Saudi Aramco Officially the World’s Biggest IPO, Raises $25.6 Billion

Crown Prince Mohammed bin Salman.

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 record IPO, China’s Alibaba when it made its 2014 public debut. [more]

 

MORE TOP STORYLINES

Saudi Aramco IPO proceeds rise to $29.4 billion after option exercised: TV

Via Marwa Rashad and Davide Barbuscia in reuters.com : “The final number of shares sold is 3.450 billion shares, and the final value of the deal is $29.4 billion,” Khatib said.

Saudi Arabia ends gender segregation in restaurants

in bbc.com : Saudi Arabia will no longer require restaurants to have separate entrances segregated by sex, the government says. Previously, it was mandatory to have one entrance for families and women, and another for men on their own. The restrictions had already been quietly eased in practice, with many restaurants, cafes and other meeting places no longer enforcing segregation.

Commentary: Florida shooting is the last thing Saudis want

Via Nic Robertson in cnn.com : On a Friday — the holiest day of the week in Saudi Arabia — when official responses to anything can be slow, King Salman has cut through every usual boundary to take charge, and to be seen to be in charge.

 

MORE ON THE KINGDOM AND BEYOND

First Iran group in nine years heads to Saudi Arabia for umrah pilgrimage

The first group of Iranian pilgrims in nine years made its way to Saudi Arabia on Monday...[via reuters.com]

 

How is fine dining thriving in Saudi Arabia’s F&B Industry?

Experiential Dining: these days, with the rising competition, the fine dining restaurants are focusing on offering unique dining experiences that go beyond food and that includes...[By Sonia Majumder via campaignme.com]

 

Saudi Arabia issues weather warnings as country braces for heavy rainfall

Saudi Arabia’s General Directorate of Civil Defense has issued weather warnings and safety instructions as the country braces for heavy rainfall. ...[By Tamara Abueish via alarabiya.net]

 

Saudi Arabia aims to double local honey production

Saudi Arabia has invested SAR140 million ($37 million) to support its nascent rural honey industry, the government said this week. The country has raised subsidised production...[By Andrew Hammond via agbi.com]

 

UK Launches Saudi Investment Drive to Grab Share of MBS’s Vision

The UK and Saudi Arabia will hold a trade expo in Riyadh next month as Rishi Sunak launches an investment drive aimed at taking advantage...[By Alex Wickham via bnnbloomberg.ca]

 

Saudi Arabia is making a high-risk $1 trillion bet on tourism

On a clear day in March, tourists in golf carts and jeeps bounce amid dunes and cliffs at Desert X AlUla, a biannual open-air exhibition...[By Sam Dagher via indiatimes.com]

 

Saudi PIF-backed Savvy Games to invest more in mobile after ‘Monopoly Go’ success

After seeing the major success of its mobile game Monopoly Go, Saudi Arabia’s Savvy Games Group plans to invest more in...[via alarabiya.net]

 

Commentary: Gulf states’ response to Iran-Israel conflict may decide outcome of crisis

Dana Stroul, who until December was the most senior civilian official at the Pentagon with responsibility for the Middle East, insisted: “Whatever regional politicians may...[By Patrick Wintour via theguardian.com]

 

IMF projects Saudi Arabia’s oil output to hit 11M bpd by 2029

Saudi Arabia's oil production is expected to reach 11 million barrels per day (bpd) by 2029, according to Amine Mati, the International Monetary Fund’s (IMF) Mission Chief for...[via argaam.com]

 

Fish prices soar 30% in Saudi province amid severe weather

Inclement weather, which recently gripped the eastern part of Saudi Arabia, has sent prices of fish in the region going up by up to...[By Ramadan Al Sherbin via gulfnews.com]

 

Saudi Record Rises to 54 Medals in First Gulf Youth Games

The Saudi badminton team dominated the medals on the second day of the badminton competition, held at the Sheikh Zayed Sports Complex in Fujairah. This took...[via spa.gov]

 

Syria

Russian, Syrian Regime Forces Step Up Attacks on Rebel Stronghold Idlib

A recent military escalation by Russian and Syrian government forces in the rebel-held northwestern Syrian province of Idlib is likely to continue in the coming...[By Sirwan Kajjo via voanews.com]

 

Lebanon

Main Lebanon PM candidate withdraws from consideration

Samir Khatib said the country’s top Sunni religious authority told him the community supports the re-appointment of former Prime Minister Saad Hariri, who resigned Oct....[By Omar Akour via apnews.com]

 

GCC

Qatar’s Emir Said Unlikely to Attend Gulf Summit in Riyadh

While Saudi Arabia and Qatar have made strides toward a possible reconciliation, Qatar’s prime minister is expected to represent his country at the meeting in...[By Fiona MacDonald, Samer Al-Atrush, and Simone Foxman via bloomberg.com]

 

Defense

Air Power Procurement in the Gulf: From Sparkling Mirages to Strategic Ambitions

Air power procurement in the Gulf is increasingly evolving in line with two key ambitions: power projection and economic diversification....[By Emma Soubrier via agsiw.org]

 

Defense Strategy

Pentagon chief plans to shift US focus to China and Russia

He focused instead on shifting the U.S. military’s focus toward China and Russia — “today’s revisionist powers.” He accused Moscow and Beijing of seeking “veto...[By Robert Burns via militarytimes.com]

 

U.S.-Iran

Iran releases American graduate student in prisoner swap

The Trump administration on Saturday announced the release of Xiyue Wang, a Chinese American graduate student detained in Iran since 2016, as part of a...[By Jesse Byrnes via thehill.com]

 

Libya

Libya arms embargo being systematically violated by UN states

UN member states have systematically violated a Libyan arms embargo, according to a long-awaited UN report due to be published on Monday that will identify...[By Patrick Wintour via theguardian.com]

 

Taliban Talks

US peace envoy to Afghanistan opens first round of resurrected talks with Taliban

The talks will initially focus on getting a Taliban promise to reduce violence, with a permanent cease-fire being the eventual goal, said a U.S. statement....[By Kathy Gannon via militarytimes.com]

 

Afghanistan

U.S. officials misled the public about the war in Afghanistan, confidential documents reveal

A confidential trove of government documents obtained by The Washington Post reveals that senior U.S. officials failed to tell the truth about the war in...[By Craig Whitlock via washingtonpost.com]

 

Gulf Cup

Bahrain stun Saudi Arabia 1-0 to lift first title

Bahrain, who were runners-up in 2004, were finally able to breakthrough after finishing second four times....[By Saba Aziz via aljazeera.com]

 

Lobbying

How the Mueller Investigation Changed K Street

Beltway fixers dish on the illicit economy around foreign lobbying and how Washington’s influence industry is adapting in the post-Mueller age—for better and worse....[By Luke Mullins via washingtonian.com]

 
 

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