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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]
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TOP STORY
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]
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TOP STORY
Top Saudi officials have yet to comment publicly on the news last night of the U.S. drone strike on Iran’s powerful Quds Force commander Qasem Soleimani. [more]
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TOP STORY
Economic indicators from the month of November show a continued positive trend for Saudi Arabia, with non-oil GDP surging and credit to the private sector rising to the highest rise in 3 years, Jadwa Investment said. [more]
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TOP STORY
The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night. [more]
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MORE TOP STORYLINES
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.
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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.
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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).
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MORE ON THE KINGDOM AND BEYOND
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The first group of Iranian pilgrims in nine years made its way to Saudi Arabia on Monday...[via reuters.com]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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The Egyptian government denied on Sunday that any foreign investment deal in prime Red Sea coastal land in Ras Gamila has yet been officially...[By Nabila El-Gaafary via newarab.com]
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The revenues of the cinema sector in Saudi Arabia from April 2018 until March of current year amounted to about SR3.7 billion, while the total...[via saudigazette.com]
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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]
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"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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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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