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  • Saudi Arabia and Qatar Continue Standoff as Crisis Deepens
     

    The diplomatic standoff between Saudi Arabia and Qatar continued to deepen yesterday as the respective foreign ministers of each nation sparred over the Kingdom’s 13 demands of Qatar. Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar. Asked by […]

     
  • VICE Video: ‘Building Saudi Arabia’s First Movie Theatre’
     

    VICE News has posted a video on the burgeoning entertainment industry in Saudi Arabia and the challenges of creating original content in the Kingdom. “There is strong content being created by Saudis in the underground filmmaking scene. The challenges Saudi artists face, instead of lessening the quality of their work, actually add layers, nuance and […]

     
  • Transfer of Tiran and Sanafir Islands Approved by Egypt’s Parliament
     

    Egypt’s parliament has approved the transfer of two key islands in the Red Sea to Saudi Arabia, all but finalizing a deal to restore ownership of the islands to Saudi Arabia after more than half a century. The parliament, after “three days of rowdy and emotional debate” according to the New York Times, approved a […]

     
  • Jadwa Investment Data Shows ‘Mildly Improving Picture’ for Saudi Economy
     

    Riyadh-based Jadwa Investment’s recently released Economic Chartbook for the month of April finds data continues to “show a mildly improving picture,” according to Fahad Alturki, Jadwa’s Chief Economist. “Economic data continues to show a mildly improving picture in April. POS transactions jumped 11.4 percent, year-on-year, and although ATM withdrawals remain negative year-on-year, they showed an […]

     
  • Custodian of the Two Holy Mosques, Ruler of Saudi Arabia, and King of Twitter
     

    Saudi Arabia’s King Salman is ruler of more than just the Kingdom of Saudi Arabia. King Salman is the world leader whose original Tweets generate the most Retweets, according to the latest “Twiplomacy” study by the communications firm Burson-Marsteller. But unlike President Trump, King Salman publishes sparingly, with only 10 Tweets posted during the study. And […]

     
  • Gulf Spat Following President Trump’s Visit to Saudi Arabia Tests GCC Unity
     

    Tensions continue to run high for a sixth straight day in the GCC between Saudi Arabia and Qatar regarding relations with regional rival Iran, according to reports. Despite a strong show of unity for the recent visit of President Trump to the Kingdom, “[t]ensions in the Gulf were laid open for a sixth day, with […]

     
  • Deputy Crown Prince Mohammed bin Salman in Moscow to Meet with Russian President Vladimir Putin
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin met today in Moscow as the Kingdom and Russia work together on oil production cuts, Reuters reports. Russia and Saudi Arabia played key roles in a successful global deal which saw oil production curtailed by 1.8 million barrels per day as part of […]

     
  • Overview of Saudi Arabia’s Drive Toward Privatization
     

    Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]

     
  • Ahead of Trump’s Visit, White House Official Tells Reuters $100b in Arms Deals Planned
     

    The United States is close to completing a series of arms deals with Saudi Arabia totaling more than $100 billion, a senior White House official told Reuters on Friday, a week ahead of President Donald Trump’s planned visit to Riyadh. The arms deals could reach up to $300 billion over 10 years to help Saudi […]

     
  • Major Reduction in Quarterly Budget Deficit Figures a Positive for Kingdom’s Economic Reforms
     

    In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia’s budget deficit from Q1 2017, a sign that the Kingdom’s economic reforms coupled with an uptick in oil prices have positively impacted the government’s balance sheet. According to Saudi Arabia’s finance ministry and as reported in Bloomberg, […]

     

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