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  • President Obama to Veto JASTA Bill
     

    White House Press Secretary Josh Earnest said on Monday that U.S. President Barack Obama will veto the controversial Justice Against Sponsors of Terrorism Act (JASTA) passed by congress last week, setting up a showdown with Congress. Earnest reiterated the White House’s fear that the measure would expose U.S. citizens to legal action overseas if foreign countries pass […]

     
  • Hajj 2016 Begins: Millions Gather in Saudi Arabia
     

    An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from more than 150 countries will embark on […]

     
  • U.S. House to Allow Vote on Controversial JASTA Bill This Week
     

    The U.S.  House of Representatives will vote this week on a bill allowing the families of 9/11 victims to sue Saudi Arabia in U.S. courts, a Republican leadership source told Politico Wednesday. The highly-politicized Justice Against Sponsors of Terrorism Act (JASTA) bill, which President Obama said would receive his veto should it make it to […]

     
  • Report: $20 Billion in Projects may be Canceled; Ministerial Budgets Squeezed as Saudis Adapt to Low Oil Prices
     

    A report in Bloomberg today said that Saudi Arabia is considering canceling more than $20 billion of projects in addition to making deep cuts to ministry budgets as the Kingdom takes austerity measures due to low oil prices. The budget cuts to some ministries could be as much as 25%, the Bloomberg report said.  Overall, the government is […]

     
  • Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
     

    Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]

     
  • Deputy Crown Prince to Promote Saudi Vision 2030 in Japan, China and at G20
     

    Saudi Deputy Crown Prince, Minister of Defense and head of the influential Council of Economic and Development Affairs, HRH Mohammed bin Salman, plans to visit China August 29-31 and Japan August 31-September 3. Prince Mohammed will then attend the Group of 20 Summit September 4-5 to be held in Hangzhou, China where he will be […]

     
  • John Kerry to Visit Saudi Arabia
     

    U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism.  Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]

     
  • Ematah (Removal) Campaign Addresses Saudi Litter
     

    The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]

     
  • As Entertainment Industry Develops, A ‘Great Opportunity’ for Cinema Business Awaits in Saudi Arabia
     

    With Deputy Crown Prince Mohammed bin Salman’s recent visit to the United States that included meetings with several top entertainment industry executives in Silicon Valley, it is quite possible that entertainment options in Saudi Arabia could be dramatically greater in a decade. But what will that look like? The Vision 2030 document states that the Kingdom’s leaders “consider culture […]

     
  • U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
     

    The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]

     

MUST-READS

  • Saudi minister inspects National Guard Hajj preparedness

    Prince Abdullah bin Bandar, the minister of the National Guard, inspected the readiness of ministry forces for the Hajj season, the Saudi Press Agency reported. This inspection is part of Saudi Arabia’s efforts to ensure the security of the Hajj, following the directions of the country’s leadership. During his visit to Makkah’s Al-Shara’i district, Prince Abdullah watched a detailed military parade under the theme of “Ease and Reassurance.”

  • Saudi Officials Seize the Initiative with Early eVTOL Air Services

    Saudi Arabian officials this week gave further encouragement to eVTOL aircraft manufacturers by signaling their intention to fast-track commercial air taxi operations. According to reports in the government-controlled Saudi Press Agency, Saleh Al-Jasser, the country’s Minister of Transport and Logistics Services and chairman of the General Authority of Civil Aviation (GACA), intends to approve eVTOL aircraft to be used to carry pilgrims between holy sites, as well as for services such as emergency medical support and carrying medical supplies.

  • Latham Advises on Saudi Aramco’s US$11.2 Billion Secondary Offering

    Latham & Watkins has advised the bookrunners on the secondary public offering by The Government of the Kingdom of Saudi Arabia and Saudi Aramco of ordinary shares of Saudi Aramco. The offering comprised a secondary public offering of 1.545 billion shares at SAR27.25 (US$7.27) per share. Latham also represented the underwriters in Saudi Aramco’s landmark IPO in 2019, one of the largest IPOs in history.

  • Why a Gaza Cease-Fire Is So Elusive

    The Biden administration has pledged to keep working with the Qatari and Egyptian mediators to bridge the gaps. But after days of intensive diplomacy in the region, a monthslong effort to end the war in Gaza seems as stuck as ever, as each side clings stubbornly to maximalist demands unacceptable to the other.

  • Saudi Arabia holds investment summit in Brazil, plans to invest $15B

    Brazil’s energy minister, Alexandre Silveira, told reporters at the FII Institute summit on Wednesday that the Saudi Public Investment Fund (PIF) plans to invest around $15 billion in Brazil. The investments will be made in sectors including green hydrogen, infrastructure and renewable energy, he said, according to Reuters. The sovereign wealth fund did not immediately comment.

  • I drove across Saudi Arabia as a solo woman – and what I discovered may surprise you

    Why?” asked my puzzled friend when I told him I was planning to drive solo around Saudi Arabia. “Because I can – at last,” is the short answer. My fascination with Arabia began when my Dad gave me the book Arabian Sands about Wilfred Thesiger’s heroic crossing of the Empty Quarter. I went on to study Arabic and travel all over the region, but Saudi always felt closed. Now, you can get a tourist visa online in a matter of minutes and women won the right to drive in 2018. It was time.

  • Saudi Scouts Association issues maps for pilgrims

    The Saudi Arabian Scouts Association has issued detailed and interactive maps to help pilgrims. The maps include the Mina and Arafat areas, the central area of the Holy Mosque and the Aziziyah neighborhood in Makkah, the entire city of Madinah, the central area of the Prophet’s Mosque, the Al-Naseem neighborhood, and Batha Quraish.

  • Hajj begins as more than 1.5 million pilgrims arrive in Saudi Arabia

    The annual Hajj pilgrimage officially began on Friday as pilgrims in Saudi Arabia made their way on foot and by bus to Mina, where they will camp at one of the largest tent cities in the world.

    The Mina valley, about 5km east of the Grand Mosque in Makkah, is a 250-hectare open space covered by more than 100,000 air-conditioned tents that can accommodate more than 2.6 million people.

  • IPOs Proving to Be June’s Blockbuster Attraction in Saudi Arabia

    June’s newcomers have scored a full-house of gains on their first trading day. Miahona and Rasan Information Technology Co. both soared 30% — the maximum pop that the Tadawul exchange in Riyadh allows. Saudi Manpower Solutions Co. and Al Taiseer Group Talco Industrial Co. also notched double-digit jumps.

  • Saudi wealth fund holding talks to create boxing league

    Saudi Arabia's Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport, people familiar with the matter told Reuters. A handful of leading promoters including Matchroom Boxing and Golden Boy Promotions are involved in the discussions that could result in a deal valuing the new entity between $4-5 billion, one of the people said. PIF wants to create a venture that would bring the main sport's organisers together, in which it would take a minority stake, the person added.