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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Saudi Women Cheer Kingdom’s New Personal Status Law
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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MUST-READS
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Will Saudi Arabia trump $500bn Neom at second FII event?
The second Future Investment Initiative (FII) will take place in Riyadh in October, following the success of the inaugural event which saw the launch of Saudi Arabia's $500 billion Neom City project.
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Can Israel’s Clash With Iran Be Contained in Syria?
The direct military conflict between Israel and Iran has already begun, with a series of increasingly bold (and usually unacknowledged) Israeli strikes on Iranian bases in Syria in recent weeks.
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The Long Game: How Do Saudi CEOs Gauge Economic Reforms?
Despite the headline-grabbing announcement of the wholesale rejigging of the largest economy in the region, it is taking some time for the changes, particularly those in the private sector, to take effect.
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Commentary: An illusory victory: Was “mission accomplished” in Syria?
The attack itself was quite limited, and an analysis of other paths not taken indicates that better options—to accomplish the intended goal of preventing the further use of chemical weapons, as well as sending a stronger message—were likely available.
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Why Is Trump’s Favorite Publisher Selling Saudi Propaganda?
Though the magazine boasts of M.B.S.’s $3 billion fortune and 54,000-square-foot palace near Versailles, decidedly fewer column inches focus on the more problematic aspects of his rule, including the repression of media, the ongoing bombing campaign in Yemen, and Saudi Arabia’s extant system of male guardianship.
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Economics 101: When is privatisation a good idea?
The key risk is over-pricing as the private monopoly exploits is market position. Thus, while the company has every incentive to cut costs, it has no incentive to pass those savings on to consumers
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Networks of profiteers run rampant in Libya. Can they be stopped?
In Libya, networks of armed actors, corrupt business executives and politicians continue to find ways to make money through avenues such as the smuggling of fuel or people, the diversion of state resources and the growth of extremely profitable protection rackets.
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Opinion: What Fuels the Saudi Rivalry With Iran?
The relationship between Saudi Arabia and Iran has oscillated between indifference, hostility, rapprochement and tension over the decades. Prince Mohammad appears determined to intensify the rivalry with Iran as he continues to raise Riyadh’s concerns over Iranian expansion in the Arab world and beyond.
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Analysis: Who is the winner in post-ISIS Syria?
In doing so, Iran continues to fortify its hegemony within the Levant as a counterweight to Israel and other regional forces, namely Turkey and the Arab Gulf states.
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‘Black Panther’ in Saudi Arabia? Hollywood Sweeps Into Islamic Kingdom
On Wednesday, when moviegoers in Riyadh take their seats to watch a screening of Walt Disney Co.’s “Black Panther,” it will be the first time a Hollywood movie has played in a theater in Saudi Arabia in 35 years. AMC Entertainment Holdings Inc., the world’s largest movie theater company, is the first to operate in Saudi Arabia since a longtime ban on cinemas was lifted five months ago. ...
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