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  • Khoja Out as Information Minister, Replacement Named
     

    Saudi Arabia’s King Abdullah relieved Culture and Information Minister Abdul Aziz Khoja of his post by royal decree and replaced him with Bandar bin Mohammed Asaad Hajjar, an economist and Saudi Arabia’s Hajj Minister.  Although an Arab News headline said that Culture and Information Minister Abdul Aziz Khoja “quit,” media outlets are speculating that the Khoja was actually […]

     
  • Hamad Bin Nasser’s Classic Cars on Display in Qassim
     

    Hamad Bin Nasser is a fan of classic cars. The Saudi recently paid over $100,000 for a rare car from a collector in the United States, built in 1899.  Even the Emir of Qassim has visited his museum where the cars are viewable to automotive fans. The Saudi Press Agency recently posted photos of the […]

     
  • The Best SPA Photos from October 2014
     

    In the September edition of the best photos from the Saudi Press Agency, a dazzling performance from Saudi security forces, infrastructure in the Kingdom, ancient woodworking and more.

     
  • Video: Full Keynote Address by HRH Prince Turki Al Faisal at the 2014 AUSPC
     

    Prince Turki al-Faisal’s remarks to the 23nd Annual Arab-U.S. Policymakers Conference, entitled, “Framing and Charting the Region’s Issues, Interests, Challenges, and Opportunities: Implications for Arab and U.S. Policies” Saudi Arabia’s Prince Turki al-Faisal is Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to […]

     
  • Is the Saudi Health Ministry Failing to Meet Targets?
     

    Saudi Arabia is in danger of failing to meet crucial targets set out in the Kingdom’s ninth development plan for 2010 to 2014, according to a post published in the Saudi Gazette, based on information from the Arabic-language Al-Eqtisadiah. “With only two months left until the end of 2014, the ministry is far from reaching […]

     
  • #FocusKSA: What to Expect from the Opening of the Saudi Stock Market: Fahad al-Turki of Jadwa Investment
     

    In part 2 of our FocusKSA conversation with Dr. Fahad al-Turki, Head of Research for Jadwa Investment, discusses what to expect from the opening of the Saudi stock market to foreigners in 2015. Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports […]

     
  • #FocusKSA: Jadwa Investment’s Head of Research Fahad al-Turki on the Saudi Economy
     

    In another edition of the FocusKSA discussion series, Saudi-US Trade Group President, Richard Wilson, speaks with Jadwa Investment’s Head of Research, Dr. Fahad al-Turki, about the Saudi economy and investment in the Kingdom (Part 1, video below) as well as the planned opening of the Saudi stock market to qualified foreign investors (Part 2 to be […]

     
  • Cracking the Online Payments Puzzle in MENA
     

    Online payments have been at the center of electronic commerce challenges in the Middle East and North Africa since the first regional e-commerce sites came online. In many cases, they’ve kept both investors and founders worried about venturing into e-commerce businesses, and prevented many consumers from enjoying the benefits. Research shows that 47% of people […]

     
  • PHOTOS: Saudi Commando Forces Train in the Alps
     

    Saudi Arabia’s commando forces are training in the Alps with their French counterparts. The forces included “Saudi commando units, surveillance units of paratroopers and special forces units from the Royal Saudi Land Forces, joined by French commandos, all took part in the high-altitude drills dubbed ‘Shamrakh 1,’ Al Arabiya reports. [CLICK HERE TO VIEW A […]

     
  • After Sfakianakis Hire, Ashmore to Open an Office in Saudi Arabia Ahead of Market Opening
     

    London-based Ashmore Investments is set to open an office in Saudi Arabia before the opening of the Saudi Stock Exchange to foreign investors, the Wall Street Journal‘s Nicholas Parasie reports. Ashmore, which is registered with the Saudi market regulator the Capital Markets Authority and based in Riyadh on Olaya Main Street, recently hired John Sfakianakis to join the […]

     

MUST-READS

  • The U.S. Needs a New Purpose in the Middle East

    The United States had actually been successful in the region throughout the Cold War: U.S. diplomatic, economic, and military power prevented disruption to the flow of oil, helped Israel stave off threats to its security, and prevented the Soviet Union, for as long as it existed, from trying to dominate the region. There were setbacks and significant—mostly moral—costs given U.S. support for the Middle Eastern authoritarians and complicity in the ongoing statelessness of Palestinians. But from the perspective of the United States’ elected leaders, officials, foreign-policy analysts, and other elites, the price was worth paying.

  • EV maker Lucid opens first UAE retail showroom amid Middle East push

    With the announcement of its Dubai Studio, luxury electric vehicle maker Lucid Group has opened its first retail space in the UAE.

    It is the California-based EV company’s second retail showroom in the Middle East, its first being located in Riyadh.

    “The expansion of Lucid into the UAE is a significant milestone for the company,” said Faisal Sultan, vice president and managing director of Lucid Middle East.

    “The region continues to build momentum in its shift towards sustainable energy, emerging as a key market in EV ownership.”

  • Iran’s allies in Iraq are firing at Israel. Could that trigger a wider war?

    Iran-backed Shi'ite armed groups in Iraq have ramped up rocket and missile attacks on Israel in recent weeks, raising concerns in Washington and among some Iranian allies of potential Israeli retaliation and regional escalation should they draw blood.
    Though the attacks, often from hundreds of miles (kms) away, are not seen by western officials and Israeli experts as posing the same level of threat to Israel as point-blank strikes by Hamas and Hezbollah, they have increased in number and sophistication.

  • Will Houthi ‘revolution’ upend Yemeni republicanism?

    The first derives from the ancestors of the Houthis; the Zaydi Imams, a Shiite Islamic school of thought that governed northern Yemen for centuries. One central pillar of Zaydism is that the spiritual leader of Muslims must be a Hashemite, or a direct descendant of Prophet Muhammad. The second source of inspiration is a cornerstone of contemporary Shiite political thought known as Wilayat Al-Faqih or Guardianship of the Jurist. Entrusting a cleric with executive political power—also preferably a direct descendant of Prophet Muhammad—the Iranian state has operated under this model since the country’s 1979 Islamic Revolution.

  • Saudi Aramco Courts Foreign Investors With Roadshows in US and London

    The $1.8 trillion oil giant’s offer was covered in just a few hours after the deal opened. It wasn’t immediately clear how much demand came from overseas, though the order book reflected a mix of local and foreign investors, Bloomberg News reported.

  • Saudi crown prince congratulates new crown prince of Kuwait

    Saudi Crown Prince, Mohammed bin Salman, congratulated Sheikh Sabah Khaled Al-Hamad Al-Mubarak Al-Sabah on his appointment as Crown Prince of Kuwait. “On the occasion of your appointment as Crown Prince of the State of Kuwait, I am pleased to extend my sincere congratulations and best fraternal wishes for your success," the Saudi crown prince said.

  • How Close Are We To A ‘Historic’ US-Saudi Deal?

    Despite the mutual enthusiasm for the deal, Ratney would not be drawn on the exact timeline for its conclusion, warning there were many moving parts, in particular the willingness of Israel to hold up its end of the bargain. “I don’t think there’s anybody involved in these negotiations that wouldn’t like to have it finished tomorrow,” Ratney told Katie Jensen, the host of “Frankly Speaking.”

  • Mediators urge Israel and Hamas to finalise Biden’s Gaza peace plan

    Gaza conflict mediators on Saturday urged Israel and Hamas to finalise a ceasefire and hostage release deal outlined by U.S. President Joe Biden that they said would bring immediate relief to people in Gaza and to the hostages and their families.
    Israel has said there will be no formal end to the war as long as Hamas retains power, raising questions of timing and interpretation over the truce offer, which has been provisionally welcomed by the Palestinian faction.

  • Investors flock to Aramco share sale that could raise $13 billion

    Saudi Arabia's sale of shares in oil giant Aramco (2223.SE), opens new tab drew more demand than the stock on offer within hours of kicking off on Sunday, a deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom's assets.
    The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with trading expected to start next Sunday on Riyadh's Saudi Exchange.

  • Saudi Aramco’s $12 Billion Stock Offer Sells Out in Hours

    The government had demand for all shares on offer in a few hours after books opened, according to terms of the deal seen by Bloomberg News. Books were covered within the price range of 26.70 riyals to 29 riyals.

    While it wasn’t immediately clear how much of the demand came from overseas, the order book reflected a mix of local and foreign investors, three people familiar with the matter said, declining to be identified as the information is private.