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  • Hilton to Open 35 Hotels, Add 10,000 Rooms in Saudi Arabia as Tourism Sector Soars
     

    Hilton Hotels & Resorts announced it is looking to build 35 new hotels in Saudi Arabia, adding as many as 10,000 rooms over the next 3-5 years, according to reports on comments made by a top executive for the company. The decision to invest in Saudi Arabia – the company’s largest pipeline in the Middle […]

     
  • Kingdom Ends Corruption Crackdown with $106 Billion Recovered
     

    Saudi investigators have recovered assets worth more than $106 billion in an anti-corruption crackdown ordered by Crown Prince Mohammed bin Salman, the royal court said on Wednesday. The crackdown began in November 2017 when Saudi Crown Prince Mohammed bin Salman ordered suspects detained at the Ritz Carlton in Riyadh. The government summoned 381 people, although some appeared only […]

     
  • Secretary of State Pompeo Kicks Off 8-Nation Middle East Tour
     

    Secretary of State Mike Pompeo begins a weeklong tour of eight Arab nations in the Middle East through Jan. 15, including a visit to Saudi Arabia. The Secretary’s schedule will take him to Amman, Cairo, Manama, Abu Dhabi, Doha, Riyadh, Muscat, and Kuwait City. Pompeo will give a major speech about America’s role in the region and privately […]

     
  • Oil Posts Biggest Weekly Gain Since December 2016
     

    Brent crude headed for its biggest weekly gain since December 2016 after several months of price falls as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy, according to reports. The weekly gain – nearly 9% on the Brent crude index – follows three weeks of losses and its worst quarter in […]

     
  • Breakthrough Ceasefire Agreements Reached over Yemen Ports as U.S. Senate Rebukes Trump
     

    The internationally recognized Yemeni government and the Iranian-aligned Houthi movement agreed to a ceasefire around the city of Hodeidah and to remove troops from the area in a potential major turning point for the three year old conflict, according to reports. The agreement was reached at U.N.-brokered talks in Sweden. The port, which is currently under Houthi control, […]

     
  • KPMG Releases Second Edition of its Saudi Arabia CEO Outlook report; Finds Positivity Among Saudi CEOs
     

    KPMG has released its second edition of its Saudi Arabia CEO Outlook report, available as a .PDF from the company’s website here.  The report is based on interviews with 50 CEOs of organizations in Saudi Arabia for their thoughts and insights on the potential opportunities that they have while preparing for the challenges that lie ahead, […]

     
  • Saudi Aramco Aims to Invest $150b to Become Gas Exporter – CEO
     

    Saudi Aramco’s gas expansion strategy needs $150 billion (117.55 billion pounds) worth of investments over the next decade as the company plans to increase output and become an exporter, Reuters reports, citing CEO Amin Nasser’s comments at an industry event in Dubai. Aramco is pushing ahead with its conventional and unconventional gas exploration and production program […]

     
  • Full Text: Saudi Arabia Public Prosecution’s Briefing on the Investigation Results into the Murder of Jamal Khashoggi
     

    Saudi Arabia’s Public Prosecution released a briefing on the investigation into the murder of Jamal Khashoggi in Istanbul. Below is the full text of the briefing, emailed by the Saudi Embassy in Washington, D.C. *** Public Prosecution: A Briefing on the Investigation Results  The Public Prosecution said in a press briefing that through the investigation […]

     
  • Saudi Economy Fundamentals Stable, Continued Growth Expected: Jadwa Investment
     

    A recently released macroeconomic update by Jadwa Investment finds the fundamentals of the Saudi economy remain unaltered and the bank “expects solid growth in the next few years” by 2.2 percent in 2018 (compared to -0.9 percent in 2017), with an improvement in the oil sector lifting oil GDP to 3.2 percent in 2018. Looking out into […]

     
  • S&P says Gulf countries need to raise $300 billion by 2021 – Report
     

    Gulf Cooperation Council (GCC) countries will need to raise about $300 billion between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P as reported in Reuters. According to a Reuters report, the S&P expects 70 percent of the $300 billion of combined funding needs to be raised through debt […]

     

MUST-READS

  • U.S. State Department
    State Department reform: Much ado about nothing?

    Secretary Rex Tillerson provided a preview of the plan on September 13, and if the final product is consistent with what’s been released thus far, it will be neither the assault on the department that many feared nor the transformative vision mandated by the President.

  • Global Oil Markets
    What will happen with Russia and Saudi Arabia when oil output curbs end?

    Ed Morse, global head commodities research, Citi, says that Saudi Arabia and Russia need to orchestrate production increases even after the output curbs end.

  • Middle East Film and Comic Con
    Just How Popular is the Middle East Film and Comic Con?

    The Middle East Film and Comic Con is a celebration of all things pop culture, and is the perfect event for all science fiction and comic book lovers. The convention is the biggest of its kind in the region and has been going since 2012, becoming increasingly popular every year.

  • Iran in the Region
    Birth of a second Hezbollah? Where Iran stands in a post-war Syria

    No matter what government is in power in Syria in the future, Iran has secured a strong paramilitary foothold and political presence in Israel's backyard

  • Saudi Aramco
    American compound in Saudi Arabia: What’s life like inside?

    Women behind the wheel of a car, residents drinking alcohol and baseball as a regular pastime: It doesn't sound like the Saudi Arabia of the world's imagination.

  • ME Print Media
    Is it the death of the printed word in the Middle East?

    “The Arab world’s interest in the printed format is showing signs of decline, with its prevalently youthful population preferring to get their news online. The protracted oil slump is a contributing factor as well, with many advertisers trimming their budgets in the face of more cautious consumerism,” says the Managing Director of Orient Planet Group, Nidal Abou Zaki.

  • Palestinian Authority
    Will Abbas confront Trump?

    The UN General Assembly will convene on Sept. 19, and the Palestinians have less than two weeks to formulate the tone of President Mahmoud Abbas’ speech, to be delivered Sept. 20. The speech has been piquing interest, not only because it might be the last UN speech of the Palestinian leader, who will be 83 years old next year, but also because of the possibility that he will declare a divorce from US President Donald Trump's administration despite the heavy price such a move appears to entail.

  • U.S. Foreign Policy
    Afghanistan, Iraq, Somalia, and Yemen: Once Again, Is Half a Strategy Better than None?

    The problem is that the U.S. has no apparent strategy for the civil side of the Iraq-Syrian or the Afghan conflicts, and no clear strategy for conflict termination. Worse, it has no clear strategy of any kind—military or civil—for its lesser involvements in Libya, Pakistan, Somalia, the two Sudans, and Yemen—or for dealing with violent Sub-Saharan extremism.

  • Terrorism
    Commentary: Sixteen Years After 9/11, How Does Terrorism End?

    In the run-up to the 9/11 anniversary, I reached out to eight terrorism experts who’ve long studied the phenomenon at the C.I.A., the F.B.I., the National Security Council, the State Department, the Rand Corporation, and in academia. They identified six ways terrorism evolves, fades, or dies—and under what conditions it succeeds.

  • ME Water
    On top of everything, Will the Middle East run out of Water?

    A country is water stressed when it cannot provide the minimum water supply to satisfy the essential needs of its population. This is set by the World Bank at 1,700 cubic metres of water per capita per year. The region – made up of the 22 countries in the Arab League, together with Turkey and Iran – also has very low levels of rainfall. Most of it has 600 millimetres per year and is thus classed as part of the arid zone.