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  • ‘It’s an Earthquake’

    Nasrallah was more than a political leader. After 32 years in power, he had become synonymous with Hezbollah, the most well-armed nonstate actor in the world and the linchpin of Iran’s tentacular “Axis of Resistance” to Israel and the United States.  Nasrallah was such a central figure for so long—the most powerful man in Lebanon and Israel’s greatest foe; loved, hated, and imitated by anti-Western insurgent leaders across the Middle East—that his absence left many Lebanese feeling profoundly rudderless. There were occasional bursts of gunfire throughout the day. Whether it came from mourners or celebrators was impossible to say.

  • Iran After the Lebanon Debacle: Suppress Domestic Dissent and Dash for the Bomb?

    Iran’s recent debacle in Lebanon bears some resemblance to the Argentine military junta’s defeat in the 1982 Falklands War between Argentina and Britian over the Falkland Islands. In an appeal to Argentine nationalism, the junta “reclaimed” the islands, was defeated by Britain after 74 days, and relinquished power in 1983. In similar fashion, the Islamic Republic of Iran dedicated considerable time and effort to forge the much-heralded “axis of resistance,” with Lebanese Hezbollah at its core, to encircle Israel and deter Israeli bombardment of Iran’s nuclear infrastructure. However, since September 17, Israel has seemingly managed to neutralize hundreds of Hezbollah fighters and operatives and assassinated the top military and political leadership of the Lebanese militia.

  • Saudi giga-project Diriyah agrees deals worth $1 bln with European firms

    Diriyah, one of Saudi Arabia's so-called giga-projects, has agreed deals worth nearly $1 billion with European firms and is in talks to attract more foreign capital, its CEO said. The $63 billion project is one of the Public Investment Fund's giant construction efforts aimed at boosting economic growth and diversifying the oil-reliant kingdom's economy. Diriyah, located at a UNESCO World Heritage site outside the capital Riyadh, has been backed by PIF investments worth a total of around 20 billion riyals ($5.33 billion) in 2023 and 2024, and should get 12 billion riyals more next year, its CEO said.

  • Saudi Arabia Signals Oil Policy Shift

    The revised plan, according to the unnamed sources, is for the kingdom to increase incrementally its monthly production from December, adding a total of 1 million barrels per day (bpd) by December 2025. Even as this will weaken prices, the impact on Saudi Arabia may be limited, with the report making clear that the kingdom has other funding options for its infrastructure plans—namely, its foreign exchange reserves and the issuance of sovereign debt.

  • Saudi Arabia to expand cloud seeding program

    Riyadh has assembled a team of domestic and international researchers and learned vast amounts from its early efforts at cloud-seeding, Osama Ibrahim Faqeeha said, speaking in New York on the sidelines of the UN General Assembly and Climate Week. The country now aims to roll it out elsewhere within its borders and to lead broader regional research into the practice.

  • How NEOM Green Hydrogen Company is championing Saudi Arabia’s clean energy transition

    “For the future, the keyword is reinforcement,” he said. “We build our policy, procedures and framework around starting the operations and continuing the operations to be environmentally friendly.” NGHC’s ambitions extend far beyond the borders of Saudi Arabia. The project aims to position the Kingdom as a global leader in hydrogen production, while also creating thousands of new jobs and stimulating local economies.

  • Saudi FM urges Security Council to act to contain Mideast crisis

    Speaking at a Security Council meeting in New York, Saudi Arabia’s top diplomat lamented that despite the successive resolutions passed by the General Assembly, there is no end in sight to the “catastrophic  humanitarian situation” the people of Gaza are facing. Prince Faisal made the plea as fighting between Israel and the Hezbollah continued to escalate, with Israel expanding its air strikes to the southern suburbs of the Lebanese capital, Beirut, while Hezbollah targeting key Israeli facilities with missiles.

  • Inside the Lebanese Valley Where Israel Is Bombarding Hezbollah

    The bombardments across the Bekaa Valley are part of the more than 1,000 airstrikes that Israel has launched against Lebanon since Monday in an attempt to weaken Hezbollah, the Iran-backed Lebanese military group. The campaign is one of the most intense in contemporary warfare, experts say, and led to the deadliest day in Lebanon in decades.

  • His Excellency Saudi Minister of Finance Attends High-Level Retreat for Bretton Woods Institutions

    His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, attended the high-level retreat for Bretton Woods Institutions in New Hampshire, USA, held September 26-27, 2024, which discussed the future paths of the IMF and the World Bank and the upcoming challenges.

  • Saudi Arabia launches tender for 4.5 GW of wind power and photovoltaic projects

    Five projects are being tendered, spread across four of the kingdom’s provinces. These include: 1,500 MWac Dawadmi Wind IPP to be located in Riyadh province. 1,400 MWac Najran Solar PV IPP to be located in Najran province. 600 MWac Samtah Solar Photovoltaic (PV) IPP to be located in Jizan province. 600 MW Ad Darb Solar Photovoltaic IPP to be located in Jizan province. 400 MW As Sufun Solar Photovoltaic IPP to be located in Hail province. Saudi Arabia’s NREP aims to boost the share of renewable energy generation in the country. The kingdom is targeting a 50 percent contribution in RE generation in its power mix by 2030.