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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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Oil in Downward Spiral as Global Markets Push Prices to Fresh Lows
Recent turmoil in global markets, originating in China and spreading to markets globally, have put added pressure on an already battered price of oil as investors look for the bottom. Oil has fallen by about $60 in the last year, and instability in markets this week has increased downward pressure on the commodity with a 6% […]
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Saudi Arabia’s Women are Registering to Vote for the First Time Ever
Voter registration for women began in the parts of Saudi Arabia this last weekend in a milestone for women’s rights. The first registered women voters in Saudi Arabia comes four years after King Abdullah announced that women will be granted equal voting rights. “The participation of the Saudi women in the municipal elections as voters and […]
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Saudi Oil Exports Boosted to Record Numbers as IMF Urges Fiscal Policy Changes and Greater Economic Diversification
Saudi Arabia’s oil exports rebounded in June from a five-month low as the largest OPEC producer boosted output to a record, Bloomberg reports. Exports climbed to 7.37 million barrels a day from 6.94 million barrels in May, according to JODI data. Saudi Arabia told OPEC its June production was a record, exceeding a previous all-time high set in […]
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Saudi Super Cup in London Brings Saudi Football Fans a Taste of Home Sport in the United Kingdom
Saudi Arabian football clubs Al-Nassr and Al-Hilal squared off in the King’s Cup, the championship of the Saudi Professional League, in the United Kingdom to the delight of Saudi nationals in the UK. The UK print and online newspaper The Guardian noted that while the quality of the game may not have compared to the English Premier League gold standard, […]
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Crown Prince Naif Visits Site of ISIS Attack as Leadership Vows Action Against ‘Criminals’
Last week’s mosque attack in the Asir region of Saudi Arabia will not divide Saudi Arabia, Crown Prince Naif said as he visited the site of the massacre. “The terrorist bombing revealed the extent of hatred of these criminals as well as their disregard for the sanctity of God’s houses and the lives of innocent people, […]
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BlackRock to launch Saudi investment firm after $5bn deal with Riyadh
BlackRock has struck a deal with the Saudi Arabian government to open a multi-class investment firm in Riyadh, anchored by a $5bn mandate from the kingdom’s Public Investment Fund. BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager. Riyadh-based professionals will manage funds that invest primarily in Saudi Arabia but also the rest of the Middle East and north Africa. The goal is to attract additional overseas capital to Saudi Arabia and deepen its capital markets through a range of investment funds managed by BlackRock.
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Saudi Arabia will ‘downscale’ some Vision 2030 projects like Neom amid ‘challenges,’ minister says
Officials said in a press release that the credit line will support Neom's short-term financing requirements, including the development of Trojena, The Line, and the luxury island destination Sindalah. Neom's CEO, Nadhmi Al-Nasr, said: "This new credit facility, backed by Saudi Arabia's leading financial institutions, is a natural fit within our wider strategy for funding. We continue to explore a variety of funding sources as we deliver transformational infrastructure assets while supporting the wider Vision 2030 program."
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Saudi Film Festival 2024 unveils its celebration of cinema
The Saudi Film Festival has unveiled exciting details about its upcoming tenth edition, which will take place from 2 to 9 May. The event has been organised by the Cinema Association and King Abdulaziz Center for World Culture (Ithra) and looks set to be a showstopper. Saudi Film Festival 2024 takes place at Ithra Center in Dharan, Dammam. This year’s edition will showcase the best of Saudi and international cinema — with a special focus on Science Fiction Cinema.
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Judge dismisses lawsuit against Saudi Arabia over 2019 Navy station attack
A Florida judge has dismissed a lawsuit against Saudi Arabia over a 2019 mass shooting at the Pensacola Naval Air Station that killed three US service members and wounded several others.
U.S, District Judge M. Casey Rodgers ruled last month that Saudi Arabia is protected from the lawsuit under the Foreign Sovereign Immunities Act, which limits court actions against foreign governments. The plaintiffs, who are relatives of those killed and wounded, are planning an appeal.
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Saudi Arabia And EU Forge Energy Cooperation At World Economic Forum
During the World Economic Forum held in Riyadh, HRH the Minister of Energy of Saudi Arabia, Abdulaziz bin Salman Al Saud, engaged in bilateral discussions with European Commissioner for Energy, Kadri Simson. The focus of their meetings revolved around enhancing energy and clean technology cooperation to fortify bilateral relations and advance the objectives set forth by the Paris Agreement and the outcomes of the UAE Consensus reached at COP28 in Dubai the previous year.
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Uganda to get $295m loan from Saudi’s Islamic Development Bank
The money will finance construction of a bridge crossing the River Nile in northwest Uganda and roads totalling 105 kilometres, according to the ministry.
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Videos: Saudi Arabia hit by heavy rains, widespread flooding reported, more rains forecast in Medina
Heavy rains and thunderstorms have lashed Saudi Arabia over the past 24 hours, causing widespread flooding and significant damage.
Amidst the downpour, visitors at the Prophet’s Mosque in Medina were seen enjoying the rain and engaging in prayer, embracing this natural occurrence with a sense of reverence. -
Racing against time, US seen putting final touches on Saudi-Israeli normalisation deal
The United States is nearly ready with a security package to offer Saudi Arabia if it normalises relations with Israel, US Secretary of State Antony Blinken said Monday, as he worked on a strategic deal, including a Palestinian state, that could change the landscape in the Middle East. Blinken visited the kingdom on his seventh trip to the region since the October 7 Hamas attack on Israel, which has responded with a relentless offensive in Gaza that has drawn vehement criticism around the world.
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Blinken, Saudi crown prince discuss achieving peace, security in Gaza, US says
U.S. Secretary of State Antony Blinken met with Saudi Crown Prince Mohammed bin Salman on Monday in Riyadh, where they discussed the urgent need to reduce tensions in the region, the U.S. Department of State said in a statement.
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BlackRock signs agreement with PIF to accelerate growth of capital markets in Saudi Arabia by launching a Riyadh-based multi-asset investment management platform
BlackRock Saudi Arabia and PIF have expressed the intention to establish BlackRock Riyadh Investment Management (BRIM), which will encompass investment strategies across a range of asset classes, all of which are expected to be managed by a Riyadh-based portfolio management team and supported by BlackRock’s industry-leading global asset management platform.PIF is playing a leading role in advancing Saudi Arabia’s economic transformation and diversification, as well as driving global economies and shaping the future of industries. Locally since 2017, PIF has created 94 new companies and created over 644,000 direct and indirect jobs.
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