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Saudi-Led Coalition Faces Mounting International Criticism of Yemen Blockade
Saudi Arabia is under growing international pressure from the U.N., U.S. Congress and global media outlets to unconditionally lift its blockade of Yemen, amid warnings of a serious deterioration to the already dire humanitarian situation in the war-torn country. In an unusual joint statement from the United Nations, the heads of the World Food Program, Unicef, and […]
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Aramco Set to Invest $300 billion over 10 years in Oil and Gas Projects
While speaking at the ADIPEC Energy Conference in Abu Dhabi, Aramco CEO, Amin Nasser, declared Saudi Aramco’s plans to invest $300 billion over 10 years in upstream oil and gas projects, Reuters reports. Preceding Nasser’s comments, Saudi Aramco announced on November 9 that it had signed eight agreements worth $4.5 billion with a number of […]
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Fitch Ratings Affirms ‘A+’ Outlook for Saudi Arabia as Finance Ministry Pushes Back Date of Deficit Elimination
Fitch Ratings on Thursday affirmed Saudi Arabia’s long-term foreign-currency Issuer Default Rating (IDR) at ‘A+’ with a stable outlook, saying the ratings are “supported by strong fiscal and external balance sheets, including exceptionally high international reserves, low government debt, significant government assets and strong commitment to an ambitious reform agenda.” The Fitch report said central […]
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Despite Progress, WEF Ranks Saudi Poorly on Gender Gap Index
Saudi Arabia was among the lowest-ranked countries on in the World Economic Forum’s Global Gender Gap index, despite recently issuing new rules on women driving and other progress in the Kingdom. Saudi Arabia placed 138th out of 144 countries. The Kingdom’s Vision 2030 economic and social reform plans call for greater participation and empowerment of women in Saudi […]
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What We Know About Neom, Saudi Arabia’s New Planned Mega-City
Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]
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Reports: China Offers to Buy 5% of Aramco IPO
Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal to purchase up to 5% of Saudi Aramco, according to an exclusive report in Reuters, in a move that would shelve the Company’s plans to list on international markets in favor of a direct […]
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Saudi Arabia and Russia sign S-400 MOU, with Some Manufacturing in the Kingdom
Saudi Arabia wants to produce a range of Russian military products, including parts for the S-400 air defense system, as part of agreements signed during King Salman’s visit to Russia this week. The agreement to produce military equipment covering the procurement of S-400 long-range air defense systems includes manufacturing part of the system in the Kingdom, […]
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Saudi’s PIF Continues Investment Drive in Kingdom’s Tourism and Hospitality Development
Saudi Arabia’s Public Investment Fund (PIF) is continuing to expand its investment portfolio in Saudi Arabia’s travel, tourism, and leisure infrastructure across different regions of the country as part of the Kingdom’s Vision 2030 economic and social reform plans. The latest such development came in the form of an announcement by the PIF today that it […]
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The Impressive New Cranes Custom Built to Make the World’s Tallest Building in Saudi Arabia
A video posted to YouTube shows the impressive array and implementation strategy for the custom cranes that will build the world’s tallest building in Jeddah, Saudi Arabia. The Kingdom Tower Jeddah is set to be the world’s tallest skyscraper when construction is completed, soaring up to 1 KM (almost 3,300 feet). The original design was to be one-mile-high […]
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PIF $2.7b Bet on Entertainment an Investment Toward a ‘Vibrant Saudi Society’
Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 that it is setting up a new company to invest in the entertainment sector, as the Kingdom looks to achieve a more vibrant society – a stated goal of Saudi Arabia’s Vision 2030. The company, which will have $2.67 billion in initial capital to invest, will seek […]
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MUST-READS
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Cherry Picking Intelligence For War in the Middle East? Here We Go Again
The ingredients are in place for the United States to repeat a scenario that has cost us dearly in the past: the misuse of intelligence to muster public support for an unwise war.
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Who is Hassan Jameel? Rihanna’s new lover and Saudi businessman who’s heir to one of the world’s biggest firms
Hassan is the deputy president and vice chairman of family business Abdul Latif Jameel Domestic- who own the rights to sell Toyota cars in Saudi Arabia.
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Saudi youth move? Why crown prince may struggle to win over young subjects
The naming of 31-year-old Mohammed bin Salman as Saudi Arabia's crown prince was more than a power play. It was a seismic generational shift.
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What’s behind the White House’s latest warning to Syria?
The Pentagon said Tuesday that the warning was prompted by unspecified activity observed at Syria’s Shayrat Air Base, the same base that the U.S. hit with a barrage of Tomahawk missiles in April in response to a deadly chemical weapons attack.
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Endgame for Daesh in the Middle East? Implications for global jihad
Thus, the fall of Mosul and Raqqa will unleash a variety of competitions among the internal and regional parties involved in the two conflict zones. This can only redound to the advantage of Daesh and other extremist forces in the region. In the recent fighting, Daesh has shown both resilience and adaptability; its militants have moved quickly from conventional tactics to lethal hit-and-run attacks.
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Is ISIS More Violent During Ramadan?
As Muslims observe Eid al-Fitr, the three-day festival marking the end of Ramadan, they celebrate the completion of a monthlong period of fasting, self-reflection, and spiritual renewal. It also marks the end of a holy month marred by several tragedies, from the attack in London that killed eight people to the blast that killed 17 people at an ice cream shop in Baghdad.
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How Much Is Saudi Aramco Worth? It Depends On The Country’s Institutions
The eventual valuation of Aramco is hotly disputed. The Saudis have thrown out a figure of $2 trillion. Analysts doubt this figure. Some put the valuation as low as $500 billion, which would mean a lean diversification fund of $25 billion.
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What’s Trending Under the Abaya? A Saudi Fashion Expert Weighs In
Saudi Arabia-based fashion authority Marriam Mossalli discusses the popularity of vintage abayas, Melania Trump and the Dior "Feminist" T-shirt.
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Will China Play Peacemaker with Its Oil Suppliers Saudi Arabia and Iran?
In 2016, China-Saudi trade amounted to approximately $45 billion compared to $31 billion of China-Iranian commerce during the same period. In January, Saudi Arabia also regained its position as the top oil exporter to China after being overtaken by Russia for the position last year.
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Women Entrepreneur Fund: Silver Lining for Female Entrepreneurs in Middle East?
It might be surprising to know that the percentage of startups being run by women in MENA (Middle East and North Africa) region is higher than that in Silicon Valley, says Christopher M. Schroeder in ‘Startup Rising.’
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