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Secretary Kerry Visits Riyadh, Meets with King Salman, New Saudi Leadership
Secretary of State John Kerry arrived in Riyadh on Wednesday to meet with GCC leaders and visited separately with King Salman, Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman, and Minister of Foreign Affairs Adel Al-Jubeir in a bid to bolster U.S.-Saudi ties and work toward a cease-fire in Yemen, according to […]
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Oil’s Price Reaches 2015 High Ahead of Speculation on Saudi Output Cuts
Oil reached a 2015 high on Monday as Brent hit $67.10 a barrel, a sign of an oil price rebound fueled by regional chaos, global demand increases, and speculation of looming cuts in Saudi output. “No one can set the price of oil – it’s up to Allah,” Saudi Arabia’s Minister of Petroleum and Natural Resources Ali Al […]
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Secretary of State John Kerry Praises Outgoing Saudi FM Saud Al-Faisal, Welcomes Opportunity to Work With Adel Al-Jubeir
Secretary of State John Kerry said in a statement that Prince Saudi will be “greatly missed” in the world of international diplomacy and that the Secretary looks forward to continuing to work closely with his successor, Saudi Ambassador to the United States Adel Al-Jubeir. “During four decades at the highest levels of international diplomacy, Foreign Minister […]
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In Major Shakeup, Saudi Arabia’s King Salman Changes Line of Succession, Appoints New Ministers
***UPDATE: This post originally reported that Eng. Ali Al-Naimi was relieved of his post. Naimi is still Minister of Petroleum of Natural Resources, but is no longer Chairman of Saudi Aramco. *** Saudi Arabia’s King Salman issued a series of royal orders yesterday initiating a major shakeup in governance in Saudi Arabia, the SPA reports. […]
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Saudi National Guard Troops Deploy to Najran Province on the Border with Yemen
In a bid to strengthen border security, Saudi Arabia has deployed National Guard (SANG) troops to the Najran Province on the border with Yemen, the SPA reports. Last week, a Saudi border guard was killed and two troops wounded by heavy gun and mortar fire in Najran. The report of the deployment comes amid an ever-evolving […]
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U.S. Science Envoy Travels to the Kingdom of Saudi Arabia ‘To Build and Strengthen Research Collaboration’
In a press release issued by the State Department, the Obama Administration announced that Science Envoy Dr. Peter Hotez will visit the Kingdom of Saudi Arabia, April 25–May 1, “in support of President Obama’s initiative to strengthen U.S. science and educational relationships overseas.” “Dr. Hotez will meet with representatives from the scientific, academic, medical, and business communities to […]
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President Obama, Arab Leaders Set for 2-Day Summit in Washington and Camp David May 13-14
President Obama will host leaders from GCC states in Washington D.C. next month in a bid to strengthen U.S-Arab ties, according to statements by the White House and reports in The Hill and Politico. “President Obama will welcome leaders from the Gulf Cooperation Council countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – […]
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Photo: Year-Long U.S. Military Course for Saudis Brings Future Leaders to Stuttgart
According to a release today by the U.S. Africa Command, twenty-five military officers from Saudi Arabia traveled to Stuttgart, Germany to learn about the mission and programs of the U.S. Africa Command. “The officers are participants in the year-long Saudi Arabia War Course, a professional development program designed for those with potential for high level […]
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KAEC Fellowship Brings Harvard Grads For On-The-Ground Experience in Urban Planning
In 2014, Saudi Arabia’s King Abdullah Economic City (KAEC) launched the Impact KAEC Fellowship in 2014, inviting three students from Harvard’s Graduate School of Design for a hands-on experience in urban planning. The 2014-2015 Fellowship began in October 2014 and ended in March 2015. KAEC fellows “were placed within business units in the city to bring fresh ideas and […]
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Lack of Clarity from Capital Market Authority On Upcoming Stock Market Opening Leaves ‘Would-Be Investors Guessing’, Report Says
A report today in Bloomberg finds that Saudi Arabia’s Capital Market Authority has not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. The report, written by Dana El Baltaji, Deema Almashabi, and Sarmad Khan for Bloomberg, says that investors “are no closer to understanding how […]
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MUST-READS
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Lucid Motors campaign builds emotional bonds with Saudis
Electric vehicle brand Lucid Motors, in collaboration with MCH Global and Create Production, launched a Ramadan campaign to connect with the Middle Eastern market. The campaign was created to particularly focus on Saudi Arabia.
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Israel Secretly Targets U.S. Lawmakers With Influence Campaign on Gaza War
The covert campaign was commissioned by Israel’s Ministry of Diaspora Affairs, a government body that connects Jews around the world with the State of Israel, four Israeli officials said. The ministry allocated about $2 million to the operation and hired Stoic, a political marketing firm in Tel Aviv, to carry it out, according to the officials and the documents.
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Surprising, Unsettling, Surreal: Roaming Through Saudi Arabia
All across Saudi Arabia, I’d seen countless projects being built, from simple museums to high-end resorts. These were the early fruits of an $800 billion investment in the travel sector, itself part of a much larger effort, Vision 2030, to remake the kingdom and reduce its economic dependence on oil.
But I’d begun to see the building projects as something else, too: the striving of a country — long shrouded to most Westerners — to be seen, reconsidered, accepted. And with its doors suddenly flung open and the pandemic behind us, visitors like me were finally beginning to witness this new Saudi Arabia
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A War on the Nile Pushes Sudan Toward the Abyss
Khartoum, the capital of Sudan and one of the largest cities in Africa, has been reduced to a charred battleground. A feud between two generals fighting for power has dragged the country into civil war and turned the city into ground zero for one of the world’s worst humanitarian catastrophes.
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Emirates boss Tim Clark slams Heathrow as a ‘Second World War’ airport with ‘a dismal experience’
He said “travelling from Terminal 3 is a dismal experience” and the building needs reconfiguring to improve the customer journey. “I was at Heathrow the other day and walking out of our lounge the ceiling height is awful. It looks like a utilitarian structure, post-Second World War. It is just not good enough,” Sir Tim said. He wants Terminal 3 to be redesigned, with the plaza size reduced to allow more room for security and check-in, the report said.
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Scars of Conflict Are Deeper and Longer Lasting in Middle East and Central Asia
Economies across the Middle East and Central Asia are more affected by conflicts—even a decade after a severe conflict, their income per capita remains about 10 percent lower. The idea that violent conflict reduces economic output is uncontroversial. However, the repercussions are notably harsher and longer lasting in these regions than in most others, as we show in a chapter of our latest Regional Economic Outlook for the Middle East and Central Asia.
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Sidelined in Gaza war, Hezbollah fighters yearn for victory over Israel
About 330 fighters have been killed across southern Lebanon since Iran-backed Hezbollah escalated its conflict with Israel to support Palestinian Hamas militants, who attacked from Gaza last Oct. 7. Hezbollah has signaled it will stop its campaign if Israel ends its Gaza offensive.
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Opinion: Netanyahu fighting Biden’s plan to end the war bodes ill for the ‘special relationship’
Mr Biden appealed to ordinary and elite Israelis for help. “I know there are those in Israel who will not agree with this plan and will call for the war to continue indefinitely,” Mr Biden stated, adding that “some are even in the government coalition”. This invited casual observers to assume he was referring to Jewish supremacists such as Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir.
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Saudi’s National Building awarded $93.3 million Contract for Residential Units in Riyadh
National Building and Marketing Co. (NBM), Saudi Arabia announces the signing of a contract worth SAR 350 million for constructing villas and residential apartments (Granada Riyadh Project) with Al-Fayzia Real Estate Development Co. As part of the contract, the company will carry out the infrastructure and superstructure works, construct, finish, implement and supply all project building materials, administrative follow-up and implementation of all related services until the project is ready for investment.
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Saudi new mortgage approvals rebound
Yet last year’s total number of new mortgage approvals – 102,583 – was less than half the 2020 peak of 225,073 and the lowest since 2018, data from the Saudi Arabian Monetary Agency (Sama) shows, as soaring interest rates deterred borrowers. Now, though, there are signs of increasing demand. In March and April combined, 17,405 new residential mortgages worth an aggregate SAR12.9 billion ($3.5 billion) were sold in the kingdom, up 18 and 14 percent respectively on the figures for the prior-year period.
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