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As GCC Ministers Meet in Riyadh to Discuss Yemen, Houthis Conduct Military Drill on Saudi Border
Not long after it was reported that GCC Ministers had invited representatives from the Houthi militia to Riyadh to participate in talks, the Houthis conducted a military exercise involving “thousands of Shi’ite Muslim Houthi fighters” near Saudi Arabia’s border, according to reports. “The drill in the al-Buqa region in the Houthis’ home province of Saada included heavy […]
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Report Sheds Light on Saudi Oil Policy Decision Making During Price Drop
An exhaustive report in the Financial Times (a paywalled source) by reporter Anjli Raval sheds light on Saudi thinking and strategy during the fall in the price of oil from highs in the summer of 2014. The report, which requires subscription to read, follows Saudi policy and events in oil markets, month to month, starting in June […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]
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Prince Turki al Faisal Says Poorly-Coordinated ‘Pinprick’ Attacks on Daesh Are Too Limited to Succeed
Saudi Arabia’s Prince Turki al Faisal told NPR that limited attacks on the self-styled Islamic State, or Daesh, are unlikely to work and that efforts thus far have been “disjointed.” “Having simply these pinprick attacks on certain areas is not going to resolve the issue,” al Faisal said, and added, “You really have two air […]
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Kechichian: How will Saudi Foreign Policy Evolve Under King Salman?
Following the successful and smooth transition of power from Saudi Arabia’s King Abdullah to the new King Salman, all eyes are on how the new Custodian of the Two Holy Mosques will navigate the regional and global foreign policy landscape. Although King Salman kept on the Minister of Foreign Affairs, Prince Saudi al Faisal, major […]
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#FocusKSA – Saudi Arabia in Transition – Fahad Nazer and Theodore Karasik [Full Video]
SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. Introductory and overview remarks by each speaker can be watched at the links below.
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Despite Falling Oil Prices, Saudi-Dow Chemical $20 Billion Chemical Plant Going Ahead
Despite a significant fall in oil prices since July 2014, Saudi Arabia’s joint venture partnership with Dow Chemical to build a $20 billion chemicals plant is going forward with an estimated completion date at full output of 2017, according to a report in Bloomberg based on comments made by a company official in Dubai. The ambitious […]
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SUSTG/SUSRIS Exclusive: Gulf Experts Fahad Nazer and Theodore Karasik Discuss Saudi Arabia’s New Leadership and Implications for Domestic, Regional Challenges
Last week, SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. The discussion, part of a SUSTG and SUSRIS’ ongoing FocusKSA series of conversations with Saudi leaders and experts in the public […]
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For Saudi Arabia, Instability in Yemen Poses Political, Security, and Economic Challenges
As the political crisis in Yemen intensifies following a Houthi takeover that some in the Gulf are calling a “coup,” two recent essays provide useful analysis on the serious challenges facing Saudi Arabia and its new King Salman. Writing for the Carnegie Endowment for International Peace blog, Khaled Fattah discusses the current situation in Yemen […]
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MUST-READS
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Saudi minister announces 10% increase in tourist numbers in Q1 2024
Saudi Arabia's Tourism Minister Ahmed Al-Khateeb announced a significant increase in the country's tourism sector during a panel discussion titled "Vacationomics" at the special meeting of the World Economic Forum (WEF) in Riyadh.
Al-Khateeb highlighted the substantial growth in tourist numbers, which have risen by 10% in the first quarter of 2024, with spending by tourists increasing by more than 17%. -
Kingdom of Saudi Arabia pledges US $500 million to protect children around the world from polio and end the disease for good
New commitment will help vaccinate 370 million children against polio every year for the next five years, protecting them from paralysis and even death, and build stronger health systems to achieve and sustain a polio-free world.
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Saudi Arabia set on securing lithium for EV ambitions
Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to secure domestic supplies were at an early stage.Saudi Arabia, whose economy has for decades relied on oil, has spent billions attempting to turn itself into a hub for EV manufacturing as part of defacto ruler Crown Prince Mohammed Bin Salman's attempts to diversify the economy.
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Saudi Arabia embraces AI to revolutionize healthcare and industry, says minister at WEF
Saudi Minister of Communications and Information Technology, Abdullah Al Swaha, emphasized the transformative shift humanity is undergoing towards artificial intelligence (AI), during a session at the World Economic Forum currently held in Riyadh.
He affirmed Saudi Arabia's commitment to collaborating with international nations and organizations to pave the way for inclusive AI adoption. -
Saudi Arabia may ‘scale back some Vision 2030 projects and speed up others’
Saudi Arabia’s Finance Minister Mohammed Al Jadaan on Sunday said the kingdom would adapt to current economic and geopolitical challenges and “downscale” or “accelerate” some of the projects being carried out under its Vision 2030 programme.
Asked whether Saudi Arabia had to "mark-to-market" its expectations regarding the goals of the 14-year long programme, Mr Al Jadaan said: “Absolutely, yes.”
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Saudi Arabia’s NEOM secures $2.7 billion new financing facility
NEOM, a unit of the kingdom’s sovereign wealth fund, secured a new revolving credit facility (RCF) worth 10 billion riyals ($2.67 billion) from local lenders, according to a NEOM statement seen by Reuters on Sunday.Saudi National Bank, Riyad Bank, and Saudi Awwal Bank acted as the lead arrangers on the new facility while other participant banks are Al Rajhi Bank, Alinma Bank, Arab National Bank, Bank Albilad, The Saudi Investment Bank, and Bank AlJazira, the press release shows.
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Saudi FM leads Gaza committee urging sanctions on Israel
Ministers gathering in Riyadh to discuss the Israeli war on the Gaza Strip stressed the urgent need for imposing sanctions on Israel, the Saudi Press Agency reported Sunday. Chaired by Saudi Foreign Minister Faisal bin Farhan, the meeting comprising dignitaries from a group formed jointly by the Organization of Islamic Cooperation (OIC) and Arab League convened to address developments in Gaza.
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Saudi government mandates national dress for civil servants to showcase national identity
Saudi Arabia has introduced a new regulation mandating the national dress for government employees as a sign of pride in the country’s identity.According to the directive, employees of Saudi government agencies must wear the traditional “thobe, ghutra or shemagh” while at work.Exceptions are made for professions requiring specific attire, such as doctors, engineers and health practitioners.The regulation applies across all government agencies, with authorities set to provide regular reports on compliance.
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Graham expects Biden will have GOP support if he strikes Israel-Saudi deal
“I’m here on national television telling the Biden administration, if you can land this deal I think you’ll have a lot of Republican support in the United States Senate for a treaty between Saudi Arabia and the United States, because [it will] be good for Israel, it will be good for the world,” the South Carolina Republican said Sunday during an interview on CNN’s “State of the Union.”
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Host Saudi tells global economic summit the world has failed Gaza
Speaking in Riyadh, Palestinian president Mahmud Abbas said the United States "is the only country capable" of preventing Israel's long-feared invasion of Rafah city in southern Gaza. "We appeal to the United States of America to ask Israel to stop the Rafah operation," he said, warning it would harm and displace civilians, and be "the biggest disaster in the history of the Palestinian people". Read more: https://www.al-monitor.com/originals/2024/04/host-saudi-tells-global-economic-summit-world-has-failed-gaza#ixzz8Yn0qFW4X
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