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Riyadh Metro Milestone Hit As Drilling Completed in First Tunnel Section
Saudi Arabia’s long-awaited Riyadh metro project has hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line). According to TradeArabia, FCC said these works “represent a new milestone for the consortium after becoming the […]
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Saudi Foreign Minister Adel Al-Jubeir Deplores World’s Inability to End Bloodshed in Syria in UN Speech
In a passionate speech to the members of the UN General Assembly yesterday, Saudi Arabia’s Foreign Minister Adel Al-Jubeir said “those whose hands are stained with the blood of the Syrian people” have no place in a “new Syria” and expressed deep concern that the international community has been unable to save innocent Syrians from the […]
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An Overview of the Conflict in Yemen, in Maps
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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Democratic Ex-Congressman Calls for Deepening of U.S.-Saudi Ties, ‘This partnership serves U.S. economic as well as security interests’
Former Rep. Gary L. Ackerman (D-N.Y.) from New York, who served for 30 years in the U.S. House, has penned an op-ed in The Hill outlining the importance of strengthening ties between the U.S. and Saudi Arabia. “Sometimes, it’s a good idea to reach out to your enemies. But don’t ever take old friends for […]
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Saudi King Salman Orders Safety Review After Hajj Stampede Tragedy
Saudi Arabia’s King Salman has ordered a safety review for the Hajj pilgrimage after at least 717 people died and 863 were injured in a stampede at Mina, near the holy city of Mecca, according to reports. Via a report in Germany’s DW, Saudi officials put the blame for the tragedy partially on”undisciplined pilgrims” who […]
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More Airstrikes in Saudi Arabia as Soldiers Said to be Captured by Houthis
Two Saudi soldiers fighting with the Arab coalition in Yemen have been detained by Houthi rebels and three others are missing as Saudi airstrikes continue to pound targets across the war-torn country today. The two Saudi soldiers were on the ground in Yemen and “are detainees and not hostages,” according to Brig. Gen. Ahmed Asseri of […]
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Report: Crane collapse and subsequent action against Binladin Group ‘deeply troubled Saudi King Salman’
The collapse of a crane in Mecca on September 11th “deeply troubled” Saudi Arabia’s King Salman as analysts say the King took unusually swift response in sanctioning the Binladin group. According to an AFP report which cited unnamed western diplomats, authorities were “embarrassed” by the accident and expressed surprise that the company was sanctioned only […]
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The Middle East’s Migration Crisis Brings Regional Challenge Home to Europe, Gulf States
As a global crisis emerges on how and even if it is possible to accommodate the displaced from Syria’s conflict, a once-distant conflict for many in Western nations and in Gulf states is now a real and visible problem that cannot be ignored. With hundreds of thousands of migrants in exodus – many of whom have left Syria as […]
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Yemen Surge: 10k Coalition Troops Pour into Yemen as Airstrikes Continue to Pound Houthi Targets
A Saudi-led alliance launched more air strikes on Yemen’s capital and more foreign troops were reported to be moving into the country, Reuters reports, an escalation in coalition involvement. Local sources cited by Reuters report an increase in Qatari, Sudanese, and Egyptian forces entering Yemen, while Saudi Arabia’s Saudi Gazette, citing Al Arabiya TV, reports […]
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King Salman’s Visit to Washington and Strengthening U.S.-Saudi Business Ties
In an op-ed today in Al Arabiya, Patrick Ryan of SUSRIS notes that while geopolitical issues are making headlines in advance of King Salman’s first visit to Washington as King, “no less visible will be the importance of the historic business relationship between the kingdom and America as demonstrated by an expected high-powered, day-long investment […]
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Saudi Arabia’s booming hospitality sector to add 320,000 hotel rooms by 2030
Saudi Arabia is projected to have 320,000 new hotel rooms by 2030 across the country to accommodate an influx of 150 million domestic and international tourists annually, according to a new report.
This expansion, according to the figures by global property consultancy Knight Frank, will boost the nation’s travel and tourism industry which already accounts for nearly six percent of Saudi Arabia’s GDP today and is central to achieving the government’s goal of tourism contributing 10 percent to the economy by 2030.
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Saudi Arabia makes up 41% of GCC telecom revenues, 37% of assets
Saudi Arabia accounted for 41% of total revenues in the GCC telecommunications and information technology sector and 37% of total assets. The revenues of Saudi-listed companies listed within the sector reached about SAR 119 billion in 2023, marking growth of more than 10% year-on-year (YoY). This was presented by Argaam team during the ICT Indicators Forum 2024 in its tenth edition, organized by the Communications, Space & Technology Commission (CST). The Kingdom accounted for 34% of the total sector’s assets valued at SAR 250 billion in 2023, with a YoY rise of about 12%.
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Saudi Arabia’s King Salman leaves hospital after tests
Saudi King Salman left hospital after a routine check-up on Wednesday, the Royal Court said in a statement carried by the official Saudi Press Agency.
Earlier in the day, the Royal Court said King Salman entered King Faisal Specialist Hospital in Jeddah for a routine check-up for “a few hours".
“May Allah protect the Custodian of the Two Holy Mosques and grant him health and wellness,” the court said.
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Saudi Arabian healthcare group Fakeeh Care Group announces IPO
Saudi Arabia's Fakeeh Care Group, one of the largest private hospital groups in the kingdom, said on Wednesday it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% stake in existing and new shares.The family-owned business, with hospitals in Jeddah and Riyadh, plans to offer 30 million new shares and 19.8 million existing shares to investors, it said in a statement.
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Saudi Arabia’s non-oil exports surge by 4.4%: GASTAT
Saudi Arabia’s non-oil exports, including re-exports, saw a surge of 4.4 percent in February compared to the same period of 2023, official data showed. According to the General Authority for Statistics, the total value of this sector reached SR21.86 billion ($5.83 billion), marking a rise from SR20.93 billion in the same period of the previous year.
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IMF To Open New Regional Office In Saudi Arabia
The first director of the regional office will be Mr. Abdoul Aziz Wane who is a seasoned IMF leader with deep knowledge of the institution and a vast network of policymakers and academics across the world. He is a national of Senegal.
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In Iran, talk of capacity to build nukes sparks bipartisan backlash
Supreme Leader Ayatollah Ali Khamenei has accused the US of attempting a Libya-style shutdown of Iran’s nuclear facilities. This comes as some Iranian officials have indicated that the Islamic Republic may turn to nuclear weapons if pushed into a corner. But rather than being welcomed amid tension with Israel, such remarks have sparked a cross-partisan backlash—with both media and pundits portraying such discourse as a pretext for the west to further sanction Iran.
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Israel’s Next Front? Iran, Hezbollah, and the Coming War in Lebanon
Over the past six months, tensions along Israel’s border with Lebanon have escalated dramatically. Israel has now deployed 100,000 troops to its north to confront the Shiite militant group Hezbollah, and the fighting there has steadily intensified. Nearly 400 Lebanese—including around 70 civilians and three journalists—have been killed, 90,000 Lebanese civilians have been displaced from around 100 towns and villages along the Israeli-Lebanese border, and Lebanese villages and olive groves have incurred widespread damage from phosphorus bombs.
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IAEA may hold ‘high-level’ talks in Iran as nuclear concerns grow
The International Atomic Energy Agency (IAEA), the UN’s nuclear watchdog, is considering holding a high-level political discussion in Tehran within the next “couple of weeks” as concerns grow about Iran’s nuclear programme, its director general has said.
Iran, which is currently in the middle of a stand-off with Israel – another nuclear nation – is “very close” to possessing enough enriched uranium to produce several nuclear warheads, Rafael Grossi told The National on the sidelines of the World Energy Congress on Wednesday.
“But that does not mean they have them now. One needs to be careful,” Mr Grossi said.
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Despite backlash, Bahrain goes all in on supercar brand
Mumtalakat, Bahrain’s sovereign wealth fund, last month expanded its shares to become sole owner of the British McLaren Group. The sports car brand has been facing significant financial uncertainty and recently incurred substantial losses. To Bahrainis, the move is a surprise given their country's own struggling economic climate—including an expected budget deficit of 8.2% of GDP through 2024. The International Monetary Fund (IMF) projects that the size of the island nation’s economy will stand at 17.7B BHD (47.1B USD) this year.
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