For Iran, engagement is more difficult now than ever. Tehran is deeply enmeshed in the Israel-Lebanon conflict. The nuclear deal is in tatters. Sanctions have crippled the economy. And this week, the United States accused Iran of sending ballistic missiles to Russia and imposed new sanctions.
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Another Houthi attack on Saudi Arabia’s Abha airport leaves nine injured
A Houthi drone attack on Saudi Arabia’s Abha airport has injured nine civilians on Tuesday, the latest in a series of recent cross-border terrorist attacks by the Iran-backed group in Yemen. Eight Saudis and one Indian citizen were injured in the attack. The Houthis have recently stepped up attacks against targets in Saudi Arabia, which is […]
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In Saudi Arabia, Pompeo Seeks ‘Global Coalition’ On Iran; Dines at Nobu Popup with Crown Prince
Secretary of State Mike Pompeo visited Saudi Arabia on Monday in the first stop of a trip to the Gulf region to build a “global coalition” on Iran and express support for the security of Saudi Arabia. Pompeo held two separate meetings with King Salman and Crown Prince Mohammed bin Salman, photos show. Pompeo called the United States and […]
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Declines in Saudi unemployment continue as more women join workforce, report says
A recently-released Jadwa Investment report on the Saudi labor market highlights gains made in edging down the Saudi unemployment rate, especially for women and youth in the Kingdom. According to Jadwa, The latest General Authority for Statistics (GaStat) labor market release for Q1 2019 shows that unemployment declined to 12.5 percent, reaching its lowest rate since […]
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Saudi Arabia’s Crown Prince Mohammed bin Salman Gives Interview to Asharq Alawsat, Addresses Iran Aggression
Saudi Arabia’s Crown Prince Mohammed bin Salman gave an interview to the Saudi-owned, London-based Asharq Alawsat newspaper and discussed recent attacks on oil tankers and on the Kingdom’s southern border, saying Saudi Arabia does not want a war in the region, but stressed that it “will not hesitate in dealing with any threat against our people, sovereignty […]
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More Weaponized Drones Launched at Saudi city of Khamis Mushayt from Yemen, Two Shot Down
Saudi Arabia’s air defense forces shot down two “weaponized drones” launched by Houthis from Yemen toward the city of Khamis Mushait, a spokesman for the Arab Coalition supporting Yemen’s legitimate government said early Tuesday. In a statement carried by the Saudi Press Agency (SPA) and carried by Arab News, Colonel Turki Al-Maliki said the attack […]
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Shawwal Crescent Sighted, Eid to be Celebrated Tuesday
The Saudi Royal Court said the Shawwal crescent moon was seen in Saudi Arabia on Monday, meaning the festival of Eid al-Fitr will officially begin on Tuesday. Celebrations and observances began across the Kingdom of Saudi Arabia today. Eid al-Fitr celebrations follow the sighting of the Shawwal crescent moon. It marks the end of the holy month of Ramadan and the fasting of […]
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Saudi Arabia Jumps 13 Places to 26th Overall in IMD World Competitiveness Ranking
Saudi Arabia jumped 13 places in one ranking on world competitiveness as the Kingdom’s economic reforms continue to gather steam. 63 countries participated in the IMD World Competitiveness Yearbook 2019 issued this week. Saudi Arabia was 26th overall in the ranking, and the 7th most competitive country among its G20 peers. IMD highlighted Saudi investment in education, […]
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Tensions Simmer in the Gulf as Kingdom Says it Wants to Avoid War but ‘Will Respond Firmly and Decisively to Any Threat’
Tensions simmered with Iran over the weekend as Saudi Arabia, the United States and allies made it clear war should be avoided at all costs but that they would respond to security threats and defend their interests if necessary. Following last week’s two attacks on key Saudi energy targets, which the Kingdom blames on Iran and […]
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Saudi Arabia’s Sipchem, Sahara Eye U.S. and Asia Deals after Merger – Report
Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical “plan to target acquisitions and joint ventures in the United States and Asia when their merger is completed in order to expand market reach,” Reuters reports, citing top executives. Sipchem signed a non-binding agreement to buy Sahara Petrochemicals Company in a deal valued at 8.25 billion riyals ($2.2 […]
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PIF-Subsidiary Launches 1 Million Square Meter Amusement Park, Other Projects in Eastern Province
Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), said on Wednesday that it was launching its largest project to date in the Eastern Province of the Kingdom – an amusement park, along with other entertainment projects. In its announcement, SEVEN said it would be building its first amusement park, which will cover an area […]
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Bon voyage: Retired airplanes take Jeddah to Riyadh road trip
Stunning images of three retired airplanes mounted atop trailer trucks being transported from Jeddah to Riyadh has created a buzz on social media. From a man enjoying gahwa on a traditional carpet on the side of the road to a group of young children giving the aircraft a salute on its final journey, the images are capturing a new turn in the life of the aircraft. The airplanes, which were retired from Saudia Airlines between 2016 and 2017, were transported under tight security, covering a distance of more than 850 km from Jeddah to Madinah, then to Qassim, and ultimately to Riyadh.
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How Saudi Arabia’s investment in blue ammonia is helping the global clean energy transition
The production of blue ammonia involves capturing up to 90 percent of the carbon dioxide emissions generated during its manufacture, thereby significantly reducing its environmental impact. This makes it an attractive alternative to conventional fossil fuels, especially in industries that are difficult to decarbonize, such as shipping, aviation, and heavy manufacturing.
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Saudi art icon Safeya Binzagr passes away
The Saudi art world was deeply saddened by the passing of Safeya Binzagr, the celebrated artist often referred to as the "Mona Lisa of Hijaz," on Thursday. Born in 1940 in the heart of Jeddah’s old city Harat Al-Sham, Safeya Binzagr’s early life was intertwined with the rich heritage and traditions of her hometown. The old city’s ambiance and the warmth of its people profoundly influenced her artistic journey. In 1947, Binzagr and her family moved to Egypt, but the memories of Jeddah’s narrow alleys and traditional customs remained deeply ingrained in her.
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S&P upgrades Saudi Arabia’s outlook to positive on sustained reforms
S&P Global Ratings has revised Saudi Arabia’s forecast to positive from stable on Friday, reflecting the kingdom’s sustained reforms momentum, strong non-oil growth outlook and economic resilience. The ratings agency said the positive outlook reflects the Saudi government’s potential to bring in more reforms and investments, contributing to the development of non-oil economy. The upgrade also reflects the country’s economic resilience against volatility stemming from the hydrocarbon sector.
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Saudi Arabia’s bold recycling plan will see it become a world-leader, experts believe
Saudi Arabia is seeking to make the most of this industry, and in January the Kingdom’s Ministry of Environment announced a comprehensive plan to recycle a significant portion – up to 95 percent – of the country’s waste. This initiative is anticipated to contribute approximately SR120 billion ($31.99 billion) to Saudi Arabia’s gross domestic product, and aims to generate over 100,000 employment opportunities for the Kingdom’s nationals. When fully implemented, the plan will see the recycling of around 100 million tonnes of waste annually, showcasing the nation’s commitment to sustainability.
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Opinion: Netanyahu Is Playing Into Khamenei’s Hands
While Khamenei and Nasrallah haven’t backed their retaliation threats with deeds, they are intent on keeping Israel under constant pressure and consumed by wars of attrition. Indeed, wearing Israel down in quagmires that cost it militarily and isolate it politically on the world stage is the core of Iran’s strategy. As Khamenei argued in March, Israel is “suffering a crisis” because the “entry of the Zionist regime in Gaza created a quagmire for it. If it comes out of Gaza today, it will have failed. And if it doesn’t come out, it will also have failed.”
- Iran’s efforts to reengage with West face new challenges
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How Hamas Uses Brutality to Maintain Power
But the reality of the war, according to U.S. officials, is that the Israeli military and Hamas carry out questionable acts nearly every day. Many of the reports reviewed by American intelligence analysts involve Israeli actions: military strikes that kill large numbers of civilians, errant attacks on aid convoys or other deadly incidents. But a large number of reports involve Hamas, both its acts of terrorism against hostages and its abuses of Palestinians.
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Saudi Arabia Shifts $1 Trillion Investment Focus: Clean Energy And Diversification Over Oil, Says Report
Goldman Sachs’ report reveals that approximately 73% of this capital expenditure will be directed towards non-oil sectors, a significant increase from the earlier forecast of 66%. The clean energy sector is poised to benefit greatly, with funding expected to rise to $235 billion from an earlier estimate of $148 billion. This increase is driven by an ambitious expansion in renewable energy capacity, with Saudi Arabia more than doubling its 2030 target for solar power.
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Saudi cement companies explore mergers amid market tension
The crowded cement sector in Saudi Arabia is experiencing tensions due to its varying market shares, according to Majed Al Osailan, vice chair of the National Cement Committee. He noted that despite initial slow demand, renewed spending on construction has led to a shift, with most companies now able to meet market needs. The cement sector saw its first merger between Qassim Cement and Hail Cement, according to Argaam news, with another planned between City Cement and Umm Al-Qura Cement. NCC chair Badr Johar said that demand for cement is expected to strengthen substantially from late September 2024 to February 2025.
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