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Is it Crunch Time for Saudi Arabia’s Yemen Operation?
In an in-depth analysis in Reuters, Angus McDowall writes that following Saudi Arabia and the GCC’s lack of success in significantly tipping the scales in Yemen with airstrikes, the limited options for Saudi Arabia’s leadership in the war-torn country come with high risks. With the possibility of a ground operation apparently ruled out, “Riyadh may soon […]
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NCB: Saudi real GDP to grow 3.4 percent in 2015
Saudi Arabia will face “a moderate business cycle during 2015 and 2016, growing around 3% in real terms,” Saudi Arabia’s National Commercial Bank (NCB) finds in a recently released study. The study, entitled “Saudi Economic Perspectives 2015-2016” with the theme of “Tackling Challenges on Solid Ground,” finds less contribution from the oil sector and moderation in […]
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Level of Turmoil in Middle East at ‘Highest Point in 50 years’, Gulf Expert Writes in Politico Magazine
Gary Sick, a well-known and respected Gulf expert writes in an in-depth piece for Politico Magazine that the turmoil in the Middle East is at the highest point in 50 years, and that Saudi Arabia is dramatically increasing its efforts to slow the spread of Iranian influence across the region. Dr. Sick, a Columbia professor […]
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Cash Reward Offered for Wanted Men Connected to Mosque Bombings
Saudi Arabia’s government offered a $1.3m cash reward for men connected to bombings at mosques in the past two weeks, saying that “[a]nyone dealing with the wanted men will be held accountable,” according to Reuters and information posted by the Ministry of Interior and the Saudi Press Agency. The self-described Islamic State, or Daesh, claimed […]
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Saudi Arabia’s total exports in 2014 dropped by 8.9 percent
Saudi Arabia’s Central Department of Statistics found that total exports in 2014 dropped by 8.9 percent to SR1.28 trillion ($342.28 billion), while imports rose. Oil was the lion’s share of total exports at 83 percent of the total value of exports at $280 billion. According to Arab News and Saudi Arabia’s Central Department of Statistics, non oil […]
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Photos: King Salman Urges More ‘Support to Investment and Investors in the Kingdom’ at High-Level Business Gathering
In a focus on investment forum in Saudi Arabia, Custodian of the Two Holy Mosques King Salman spoke to leading business leaders and government officials at Al-Salam Palace on Wednesday and asked them to encourage “businessmen to invest in the Kingdom where the climate is conducive for business and where everyone gets a fair opportunity” and to […]
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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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Sfakianakis: “The choices now being made stand to alter the face of the kingdom”
In a opinion piece in the London-based Financial Times (paywall), veteran banker in Saudi Arabia Dr. John Sfakianakis writes that tough decisions loom for the Kingdom’s leaders with regard to oil and energy use. “When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to […]
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Reaction: GCC Camp David Summit ‘Exceeded Expectations’, Indicates ‘Clear and Continuing Commitment’ between U.S., Gulf Partners
Reaction from officials and analysts after last week’s U.S.-Gulf Cooperation Council (GCC) meeting indicate that President Obama’s outreach to leaders helped to shore up the U.S.-GCC alliance. “The countries of the Gulf Cooperation Council (GCC) may not have gotten what they wanted from the Obama administration this week, but they appear to have gotten some […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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MUST-READS
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How Swizz Beatz Climbed to the Top of Saudi Arabia’s Camel Racing Scene
He now travels to Saudi Arabia so often that he considers it a second home. He is a co-founder of a roller-skating rink in the desert retreat of AlUla, where the camel race was held, and keeps an apartment in the capital, Riyadh; a few years ago, he was granted Saudi citizenship.
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Saudi Arabia Tops Edelman’s Trust Index for National Leadership
Saudi Arabia has topped the global trust rankings in Edelman’s 2024 Annual Trust Barometer. The report from the global consulting and PR firm shows that 86% of Saudi citizens trust their government to make key decisions for the country’s goals. The 24th edition of the report also finds that 78% of respondents trust the Saudi business sector, and over 80% have strong confidence in the nation's leaders and scientists to manage innovation.
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Who were granted Saudi citizenship?
A Royal Decree was issued to grant Saudi citizenship to a number of scientists, physicians, researchers, innovators, entrepreneurs, and distinguished talents with unique expertise and specializations.
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A new esports tournament in Saudi Arabia promises to be a game-changer – but it’s also caused division in the industry
The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. Its record-breaking prize pool of more than $60 million has raised eyebrows and Ralf Reichert, CEO of the Esports World Cup Foundation which is organizing the event, told CNN Sport that the spectacle will help unite the industry.
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Saudi King, Crown Prince congratulate new Iran president on election win
Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman congratulated the new president of Iran, Masoud Pezeshkian, on his election victory. “On the occasion of your victory in the presidential elections in the Islamic Republic of Iran, we are pleased to send you our sincere congratulations and best wishes for success, looking forward to continuing to develop relations between our two brotherly countries and peoples, and continuing coordination and consultation in order to enhance regional and international peace and security.”
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Abu Dhabi International Book Fair Expands Access to Literature
From April 29 to May 5, thousands of people filled the vast halls of Abu Dhabi’s largest conference center to attend the 33rd annual Abu Dhabi International Book Fair. While the event itself was founded in 1981, the scale and impact of the fair have grown tremendously. In 2020, for example, the fair took place over two days at a small cultural center on Saadiyat Island, an artificial island home to the United Arab Emirates’ Cultural District. Three years later, the fair had grown into a weeklong vibrant and expansive festival, providing a platform for more than 1,350 exhibitors from 90 countries – almost 150 more than the 2023 fair and including 12 additional countries. More than 230,000 visitors enjoyed free access to a wide variety of talks, book signings, and exhibitions. At the fair’s conclusion, more than 160,000 books were sold.
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Will Iran’s new president pursue dialogue with the west?
Reformist Masoud Pezeshkian has beaten hardliner Saeed Jalili in the Iranian presidential race. The July 5 runoff drew some six million more voters than the first round of polling on June 28, pushing up turnout to just under 50%. While President-elect Pezeshkian will begin receiving calls and hold discussions with foreign counterparts from July 8, he will not be sworn in before the parliament until early August. This has not, however, stopped Iranian veteran diplomats from immediately backing any effort by Pezeshkian to engage the west and revive the 2015 nuclear deal.
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Riyadh among top 15 fastest-growing cities: Report
Riyadh has emerged as one of the top 15 fastest-growing cities by 2033, according to the Savills Growth Hubs Index. The report, part of Savills’ global thought leadership programme Impacts, highlights Riyadh as the only non-Asian city in the top 15 list. The city’s growth potential is linked to a projected 26 percent population increase, expected to reach 9.2 million from the current 5.9 million over the next decade.
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2024 could be world’s hottest year as June breaks records
Last month was the hottest June on record, the EU's climate change monitoring service said on Monday, continuing a streak of exceptional temperatures that some scientists said puts 2024 on track to be the world's hottest recorded year. Every month since June 2023 - 13 months in a row - has ranked as the planet's hottest since records began, compared with the corresponding month in previous years, the European Union's Copernicus Climate Change Service (C3S) said in a monthly bulletin.
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Netanyahu: Gaza deal must let Israel resume fighting until war goals met
Any Gaza ceasefire deal must allow Israel to resume fighting until its objectives are met, Prime Minister Benjamin Netanyahu said on Sunday, as talks over a U.S. plan aimed at ending the nine-month-old war were expected to restart. Five days after Hamas accepted a key part of the plan, two officials from the Palestinian militant group said the group was awaiting Israel's response to its latest proposal.
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