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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]
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Saudi Presents Investigation into Coalition Bombings in Yemen
An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]
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Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]
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MUST-READS
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How long would it take Iran to develop nukes? No one knows the answer for sure
The timeframe is key to the debate surrounding the administration’s negotiations with Iran and other countries on a nuclear deal that would place limits on Iran’s program in exchange for the lifting of sanctions.
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Has ISIS Lost Its Head? Power Struggle Erupts with Al-Baghdadi Seriously Wounded
He is said to be mentally alert and able to issue orders, but his physical injuries are now prompting the so-called Islamic State’s governing Shura Council to make a final decision on a temporary stand-in leader who can move back and forth between front-lines in Syria and Iraq and is able to handle day-to-day leadership in the self-declared caliphate.
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What happens when Arab foreign fighters in Iraq and Syria go home?
Several countries in the Arab world, notably Libya and Lebanon, face considerable risk of bleedout from returning fighters and several more face more modest dangers, particularly Algeria, Egypt, Tunisia, and Yemen. However, there is no simple model of bleedout, in part because the groups in Syria and Iraq, and the global jihadist movement in general, are divided as to focus and strategy.
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Tel Aviv – History In The Making? Saudi Airliner Lands In Israel – For Maintenance
“IAI confirmed that the Airbus came to IAI facilities in order to have maintenance work done due to an agreement that IAI has with a European company that leases the plane to Saudi Arabia,” a spokeswoman for IAI told The Jerusalem Post.
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Euromoney Riyadh: What is the CMA, What about QFI? – Jadaan
The major restructuring of the Saudi government that accompanied the ascension of King Salman in January brought Mohammed bin Abdullah bin Abdulaziz Al-Jadaan into office as President of the Capital Market Authority. This week the new leader of the CMA spoke with Richard Banks at the Euromoney Conference in Riyadh
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Did ISIS Really Mastermind Texas Shooting? Experts Doubtful
The Islamic State of Iraq and Greater Syria claimed that the gunmen at a Texas cartoon exhibition were “soldiers of the caliphate,” but experts say that it’s still unclear if and what ties really existed.
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Commentary: A United Army for the Arab World?
The rise of the Islamic State and — perhaps even more alarming — the expansion of Iran’s influence in the Arab world through clients and proxies in Iraq, Syria, Lebanon, Yemen and beyond have created a rare consensus among Sunni Arab governments. They agree that they face an intolerable crisis and that it is no longer possible to rely on American intervention. The Arab states have apparently concluded that if they do not unite to meet these twin challenges, they could well find themselves at the mercy of jihadist radicals or Persian imperialists, or both.
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Is France positioning itself for lead role in Persian Gulf?
“That this meeting is occurring before the Camp David talks is significant. Paris is speaking with positive words to GCC ears, while America shouts ‘Iran,’ ” Karasik said. France stands to benefit hugely from GCC largesse by committing to act as its security guarantor in the region.
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What’s the Difference Between ‘Accompanying’ and ‘Escorting’ a Ship? – Defense One
Another defense official added a bit more clarity. “Accompanying is basically a step down from escorting,” the official said. “The U.S. Navy ships will be in the same general area as the U.S.-flagged merchant vessels and are there to ensure a safe flow of maritime traffic in the Strait of Hormuz.”
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Why Are Arabic Soccer Commentators So Damn Good?
But they can’t match the combination of verbal gymnastics, wacky references, and pure elation that comes across in an Arabic telecast.
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