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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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America is the Only Country that Taxes Their Citizens on Global Income. Here’s Why That Makes Them Toxic to Foreign Employers.
The United States is the only country to tax the earnings of its citizens abroad. Double-taxation, as it is known, is hurting American interests abroad and making the employment of U.S. citizens a toxic proposition for foreign companies. Writing in the Wall Street Journal, which is behind a paywall and requires subscription, Colleen Graffy assails […]
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New Social Media Study on Saudi Arabia Finds ‘Life for Many Saudis An Ecosystem of Apps’
With Saudi Arabia one of the most active countries in the Middle East on social media, a recent study found that Saudi users change their platform preferences relatively quickly “considering all the changes that have come to them.” “The world of social media has evolved at a prodigious pace where two years seem longer in duration considering […]
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Current and Long-Term Challenges for the Labor Market in Saudi Arabia – Jadwa Investment
A recently released report by Jadwa Investment on the Saudi labor market looks ahead to the potential significant challenges still facing the labor market within Saudi Arabia. “The Saudi Labor Market has undergone significant and dynamic change over the course of the last decade. The labor market is notably segmented and unique challenges are being […]
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Iranian Fighters Among Those Captured So Far in Yemen, According to a Former Saudi Navy Captain and Prince
At a NCUSAR-hosted event on Capitol Hill in Washington yesterday, HRH Navy Captain (Ret.) Prince Sultan bin Khalid Al-Faisal told an audience that Iranians and Hezbollah forces have been captured by Saudi-led coalition forces in Yemen. Barbara Slavin in Al Monitor writes that while Prince Sultan bin Khalid Al-Faisal was not speaking on behalf of the Saudi government, “his […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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Construction Week’s 2015 Power 25 list for Saudi Arabia; El Seif Engineering #2
The well-regarded industry tracker, Construction Week Online, issued its 2015 Power 25 for Saudi Arabia recently. As the article notes, “This is a celebration of those who are shaping both the industry, and the regional landscape. True to its roots, this year’s list is dominated by powerhouses from across Saudi but you will notice new entrants […]
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Construction Titan, Saudi Bin Laden Group, Suspended from new Projects Following Review of Mecca Crane Collapse
Custodian of the Two Holy Mosques King Salman on Tuesday ordered that top officials of the Saudi Binladin Group be banned from traveling outside the kingdom after investigators pinned the blame partially on the construction company for Friday’s deadly crane crash in Makkah, Arab News reports. The company is also forbidden from taking on new […]
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Jadwa Investment: Oil sector GDP growth revised up following higher than expected year-to-date oil production in Saudi Arabia
In Jadwa Investment’s recently released report on the Saudi economy, the Riyadh-based finance firm sees limited upside to oil prices for the remainder of the year but increased production leading to growth in Saudi Arabia’s oil sector GDP. “Brent oil prices year-to-date average is currently 55 per barrel (pb), down 51 percent, year-on-year. The combination of […]
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Jadwa Investment September 2015 Chartbook: Saudi Government Slows Reserves Drawdown, Oil Affects Stock Market
Jadwa Investment’s September 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds oil prices pushing downward on the Saudi stock market, but a slowdown to 10-month lows in the Government’s drawdown on assets. Jadwa Chief Economist Dr. Fahad Alturki, in a message to investors, noted four key findings in […]
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MUST-READS
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Trump in Saudi Arabia? Impersonator goes viral on social media
A Donald Trump impersonator is taking Saudi Arabia’s social media by storm after a Snapchat story showed the president-elect lookalike visiting a local family, setting for some comedic moments.
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What is the U.S. intelligence picture in Libya?
U.S. special operators have been on the ground in Libya for more than a year setting the stage for the air campaign against ISIS' Libyan area of control.
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The Trump presidency: What will it change in the Middle East? (+video)
Eight years under President Obama has transformed US relations with Turkey, Iran and Afghanistan – all crucial but troubled nations that present complex foreign policy issues for the US.
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OPEC Oil Cuts? Iran Pumps, Saudi Arabia & Venezuela Down
Data released by OPEC show that October oil production fell by 22,800 barrels per day in Venezuela, and fell by 51,700 barrels per day in Saudi Arabia.
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Will Trump side with U.S. airlines against Middle Eastern rivals?
The Obama administration hasn’t been in a hurry to address longstanding complaints by U.S.-based airlines that rival carriers from the Middle East get an unfair advantage because they are subsidized by their oil-rich governments.
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Commentary: Is Saudi Arabia going to declare bankruptcy?
In a nutshell, the Kingdom has various options and solutions that it can use to overcome the budget deficit and meet its financing needs. It is important as well to combat and eradicate corruption in all government departments.
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Split Between Houthi and Congress Party?
Houthi and Congress Party sources revealed that the dispute between the two allies involved in the coup in Sanaa, i.e. the Houthi group and the followers of former President Ali Saleh, had escalated to the point of becoming public for the first time
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Perspective: How will President Trump affect GCC construction?
However, he also pointed out that a long-term weakening of the US economy could have an impact on the region – where currencies are pegged to the dollar.
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Is the Islamic State finished? Five possible scenarios
Military prowess does not explain IS’ initial success in Iraq. Rather, it depended on the collapse of the Iraqi army and Sunni disaffection with the Shi’i-dominated Iraqi government.
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Ruling Families and Business Elites in the Gulf Monarchies: Ever Closer?
All the ruling families – from a variety of starting points – have themselves moved much more extensively into business activities over the past two decades.
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