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U.S. Secretary of Defense Ash Carter to Visit Saudi Arabia Next Week to Push Benefits of Iran Deal
U.S. Defense Secretary Ash Carter will travel to Saudi Arabia as part of the Obama administration’s efforts to convince skeptical allies in the region about the benefits of the Iran nuclear deal, National Security Adviser Susan Rice told Reuters in an exclusive interview on Wednesday. Carter’s trip had not been announced previously. Although Saudi Arabia […]
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Remittances from Gulf States Double in 5 Years to $100b
Foreigners working in Arab Gulf states sent more than $100 billion in remittances to their home countries last year, according to the AFP/Saudi Gazette, a figure twice as high as 2010. The remittances are estimated at 6.2 percent of the combined GDP of the six GCC states of $1.6 trillion, the AFP reports, citing IMF […]
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In Washington, A Saudi and an Israeli Share a Stage – and a Common Enemy
Anwar Eshki, a retired major general in the Saudi armed forces, and Dore Gold, a former Ambassador and close to Israeli PM Netanyahu, shared a stage at the Council on Foreign Relations in Washington yesterday as the two countries revealed a series of bi-lateral talks that have occurred for the purpose of thwarting a common […]
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Jadwa Investment June 2015 Saudi Chartbook: Strong Dollar and Low Oil Prices Affect Economy, But Non-Oil Exports See Uptick
Jadwa Investment’s June 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds negative net monthly change to government accounts, slowing bank credit to the private sector reaching year-on-year growth is at its lowest in four years, and falling bank deposits. However, following seven months of slowdown, inflation remained unchanged for April […]
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Saudis Keep Up Production at High Levels to Drive Out U.S. Shale ‘with OPEC Backing’, Bloomberg Says
Bloomberg’s Grant Smith and Maher Chmaytelli write that Saudi Arabia will continue to push for high output levels in order to beat back U.S. shale at an OPEC semiannual meeting on June 5th, and will have OPEC backing to do it, extending a strategy that Saudi Arabia and OPEC see as working. The decision by […]
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SACM Career Fair and Graduation Ceremony Begins Tomorrow as Saudi Students Converge in D.C.
This weekend, thousands of Saudi students and their families will converge in the Washington, D.C. area at the Gaylord National Harbour hotel for the 2015 SACM Career Fair and Graduation ceremony, a unique and impressive celebration of the accomplishments of Saudi Arabia’s future workforce. Saudi Arabia’s King Abdullah Scholarship Program (KASP) sends over 100,000 Saudi […]
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PHOTOS: Crown Prince Mohammad Bin Naif, Deputy Crown Prince Mohammed bin Salman Meet with President Obama Today in Oval Office
President Barack Obama will meet with Saudi Arabia’s Crown Prince Mohammed bin Nayef and Deputy Crown Prince Mohammed bin Salman in the Oval Office on Wednesday, ahead of a summit with other Gulf Arab leaders, the White House said on Tuesday.
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Saudi Arabia’s Foreign Minister Adel Al-Jubeir Joins Twitter
Saudi Foreign Minister Adel Al-Jubeir has joined Twitter, announcing through his first Tweet: “This is the official and only account for Saudi Foreign Minister H.E. Adel bin Ahmed Al-Jubeir,” which followed an earlier Arabic version of the tweet. This is the official and only account for Saudi Foreign Minister H.E. Adel bin Ahmed Al-Jubeir — […]
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Saudi Arabia’s King Salman to Miss US-GCC Summit, Crown Prince Mohammad Bin Naif to Attend
Saudi Foreign Minister Adel bin Ahmed Al-Jubeir announced today that Crown Prince Mohammad bin Naif, Deputy Prime Minister and Minister of the Interior, will lead the Saudi delegation to the United States-GCC Summit, according to a Press Release issued by the Royal Embassy of Saudi Arabia in Washington. “The Custodian of the Two Holy Mosques King Salman bin Abdulaziz deputized […]
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Saudi Foreign Minister Adel Al-Jubeir, Secretary of State John Kerry Jointly Announce Proposed 5-Day Cease Fire in Yemen; Meet Again Today in Paris
Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Secretary of State John Kerry announced on Thursday a proposal for a 5-day ceasefire in Yemen to conduct humanitarian missions in a joint press conference in Riyadh. After the truce was proposed, Saudi Arabia intensified its airstrikes against the main Shiite rebel stronghold in Yemen, with warplanes carrying […]
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MUST-READS
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Saudi Arabia launches National Kidney Exchange Program between families
The program enables reciprocal kidney transplant between a pair of patients and their donors for the first time in the Kingdom, between families at King Fahd Specialist Hospital in Dammam, and King Abdulaziz Medical City at the National Guard in Riyadh, under the supervision of the SCOT.
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Saudi firm plans hydrogen-powered skyscraper in Egypt’s new capital
A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt's new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen. The sophisticated design and high price tag represent a bet by Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, that international clients will be drawn to the new capital, a city for over 6 million people being built from scratch in the desert east of Cairo.
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Commentary: The Saudi Crown Prince is Talking About An Assassination. His Own.
“The way he put it was, ‘Saudis care very deeply about this, and the street throughout the Middle East cares deeply about this, and my tenure as the keeper of the holy sites of Islam will not be secure if I don’t address what is the most pressing issue of justice in our region,’” said one of the people with knowledge of conversations MBS has had with regional and American leaders.
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Saudi Arabia Stresses Efforts to Consolidate Arab Cooperation
The cabinet hailed the Arab Parliament's efforts and contributions at international platforms. It emphasized the Kingdom's commitment to strengthening cooperation in various fields with its Arab counterparts to boost security and stability and facilitate sustainable development and growth.
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Saudi Teachers Now Required To Wear National Dress In Schools To Boost Cultural Pride
From now on, teachers across the Kingdom are required to wear traditional national attire—specifically the thobe and ghutra or shemagh—throughout their time at school. The move is designed to boost national identity and cultural heritage within the educational environment.
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Al Wahbah Crater: Saudi Arabia’s Magnificent Natural Anomaly
On a dark and stormy night, a lightning bolt illuminated the beauty of Qitn Mountain, making Tamya Mountain fall deeply in love with it. Promising to reunite with its beloved, Tamya’s jealous cousin, Shelman, shot it with an arrow. The heartbroken mountain fell into the ground, leaving a bowl-shaped depression behind. Or so goes the local folklore behind the Al Wahbah crater in Saudi Arabia.
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Commentary: What Was the Biden Doctrine?
Biden’s response to the most pressing emergency of his term—Russia’s brutal full-scale invasion of Ukraine in 2022—has been both skillful and innovative, demonstrating a grasp of the traditional elements of statecraft along with a willingness to take a few unconventional steps.
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Growing Restaurant Sector Attracts International Investment in Saudi
Point-of-sale operations using the Mada payment system have shown an annual growth rate of 13.6%, increasing from SAR 78 billion in 2022 to SAR 89 billion in 2023. The growth in the restaurant market is projected to continue, reaching approximately SAR 168 billion by 2030.
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Record-breaking Intersec Saudi Arabia sold out
Intersec Saudi Arabia, the country’s leading trade fair for security, safety and fire protection, has officially sold out two months ahead of the exhibition start date. A record number of 300 exhibitors, representing a 25% increase on last year’s number, and more than 17,000 visitors are expected to attend.
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Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil
In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a smaller portion of this than previously forecast. Roughly 73% of the investment funds will go to non-oil sectors, Faisal AlAzmeh, who heads CEEMEA equity research and covers natural resources, chemicals, and infrastructure in the Middle East, writes in his team’s report. An earlier forecast pegged non-oil investment at 66%.
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