QUOTED

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

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]

 

TOP STORY

Saudi Arabia Mum on Soleimani Death So Far

saudi-arabia-logo

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]

 

TOP STORY

Saudi Non-Oil GDP Rises as Vision 2030 Reforms Kick In

Crown Prince Mohammed bin Salman's Vision 2030 emphasizes that Saudi Arabia will be a "tolerant country with Islam as its constitution and moderation as its method."

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]

 

TOP STORY

Riyadh’s Night Skies Light Up with New Years Fireworks for the First Time

Riyadh 2020

The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night.  [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

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]

 

Egypt says no deal with Saudi Arabia on Ras Gamila resort yet

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]

 

Revenues touch SR3.7 billion in Saudi cinema sector since 2018

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]

 

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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