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Plans to Tap Massive Tourism Potential for Saudi Arabia’s Red Sea Unveiled
Saudi Arabia wants to turn hundreds of miles of its Red Sea coastline into a global tourism destination, according to an announcement by the government’s Public Investment Fund (PIF) and reports. The development will include “50 islands and 34,000 square kilometers — an area bigger than Belgium — between the cities of Umluj and Al Wajh […]
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Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains
Saudi Arabia’s stock market soared for a second straight day following two big storylines that are giving investors confidence: the promotion of Prince Mohammed bin Salman to first-in-line to be King of Saudi Arabia, and news that the Kingdom may be considered for MSCI Emerging Market index inclusion as soon as 2019. The announcement of […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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The U.S. is ‘Significantly Increasing’ Support for the Saudi-led Coalition in Yemen as Conflict Enters Third Year
The Trump administration has “significantly increased” military support for the Saudi-led coalition fighting al Qaeda and Iranian-backed militias in Yemen, the Wall Street Journal reports. The increase in support by the Trump administration raises the stakes for the United States in the war in Yemen, now entering its third year. It also continues a warming trend in […]
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Deputy Crown Prince Mohammed bin Salman Meets Secretary Mattis at the Pentagon; Pledges Cooperation in Fight Against Daesh
Secretary of Defense Jim Mattis met with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman at the Pentagon yesterday following the Prince’s meeting with President Trump at the White House on Tuesday. “Secretary Mattis and the deputy crown prince affirmed the importance of the U.S.-Saudi Arabia defense relationship, and discussed the security environment in […]
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White House Supports Development of ‘A New United States-Saudi Program’, Endorses Strong Saudi Relationship
The White House released a statement yesterday calling for the development of “a new United States-Saudi program” after the President hosted Deputy Crown Prince Mohammed bin Salman for a lunch meeting. The statement re-affirmed the U.S.-Saudi political, military, security, economic, cultural, and social relationship and the importance of the U.S. and Saudi Arabia working together “based […]
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Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]
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King Salman Launches Month-Long Investment Tour in Asia
Saudi Arabia’s King Salman leaves Sunday for a month-long tour of key nations in Asia as the region grows in influence as an oil importer and potential investor in the Saudi economy. The King is expected to visit Malaysia, Indonesia, Japan and China. It is his first trip outside the Middle East and North Africa since […]
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U.S.-Saudi Arabia Continue Strong Defense Ties in Trump Administration’s Early Days
Saudi Deputy Crown Prince Mohammed bin Salman spoke by phone with Secretary of Defense James Mattis today to discuss mutual cooperation on security issues, according to the SPA and the Saudi Gazette. The Deputy Crown Prince also serves as minister of defense and chair of the powerful Council on Economic and Development Affairs (CEDA). The U.S.-Saudi relationship is […]
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Saudi music festival highlights social reforms under MbS
Saudi entertainment authority director Turki Al-Shaikh tweeted that attendance on the final day, Dec. 19, “reached 152,000…bringing the total for all days to 732,000, as one of the largest music festivals in the world.”
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Along Afghanistan’s ‘highway of death,’ the bombs are gone but suffering has deepened
Flowing from the capital, the highway begins without promise, a long, curving scar stretching across the navel of Afghanistan. Potholes. Ruts. A bridge destroyed in an airstrike, still unfixed. Visible symbols of two decades of war, corruption, and neglect along the artery that connects the nation’s two largest cities, Kabul and Kandahar.
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Kadhimi, MbS engage to repatriate Iran’s Yemen envoy
“Direct contact” between Iraq’s prime minister and Saudi Arabia’s crown prince has resulted in the safe repatriation of Iran’s ambassador to Yemen, Amwaj.media has learned. Hassan Irloo, the Iranian diplomat—and alleged Islamic Revolutionary Guard Corps (IRGC) officer—was evacuated to Tehran late on Dec. 18, informed sources in the region have asserted, speaking without attribution given the sensitivity of the matter.
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MbS embarks on GCC tour as Saudi Arabia, UAE diverge on regional outreach
Even if the meeting between the two leaders does not take place in Doha this week, the big picture strongly suggests that further regional dialogue is on the horizon. This is particularly the case given the perceived uncertainty of Gulf security partnerships with the US.
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Saudi Coalition Bombs Sanaa in Tit-For-Tat Violence With Houthis
The coalition conducted "precision strikes on legitimate military targets in Sanaa" and in the last 24 hours also struck Houthi targets in Marib and Jouf, a coalition statement said. The Houthi military spokesman had earlier said the group fired several ballistic missiles and used 25 armed drones in attacks on Saudi targets, including an Aramco oil facility in Jeddah and the defence ministry in the capital Riyadh.
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Royal tombs, pharaohs and life in ancient Egypt on show at Sharjah museum
Sharjah is hosting an interactive exhibition for children and families who want to learn more about pyramids, pharaohs, and life in ancient Egypt. Organised by Sharjah Museums Authority in partnership with Egyptian Museum in Turin, Italy, the exhibition does not have any artefacts but it tells about major archaeological discoveries through workshops, hands-on activities, and touchscreen games.
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Saudi-led coalition bombs drone sites in Yemen’s Sanaa – state media
The Saudi-led coalition engaged in Yemen said on Wednesday it launched air strikes on Houthi drone sites in the capital Sanaa in the second such raid in as many days after earlier targeting the Iran-aligned movement's missile capabilities. The alliance bombed a building under construction that was being used as "a secret factory" for drones and urged civilians to stay clear of areas with "legitimate" military targets, Saudi state media reported.
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Saudi’s MBS highlights boosting ties in message to Qatari emir
The emir of Qatar, Sheikh Tamim bin Hamad Al Thani, has received a message from Saudi Crown Prince Mohammed bin Salman (MBS), the emir's office (the Amiri Diwan) said in a statement on Monday. Amid continued reconciliation efforts, the letter focused on ways to strengthen bilateral relations as well as regional and international developments, the Amiri Diwan said.
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Jake Sullivan discussed Saudi-Israel normalization with MBS
Any Saudi move to normalize relations with Israel would most likely be part of a bigger deal that could include Israeli steps on the Palestinian issue and U.S. steps to restore relations with bin Salman, with whom President Biden has refused to engage directly.
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Boris Johnson Urges Saudi Crown Prince MBS to Make Net-Zero Climate Pledge
U.K. Prime Minister Boris Johnson pressed Saudi Arabia’s de facto leader to follow neighboring petrostate the United Arab Emirates in pledging to eliminate its emissions. “The prime minister hoped to see a net-zero commitment,” his office said Monday following a phone call between Johnson and Saudi Crown Prince Mohammed Bin Salman. The U.K. is also seeking an “ambitious nationally determined contribution from Saudi Arabia,” it said, referring to pledges under the Paris climate agreement.
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