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  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     

MUST-READS

  • US, allies strike Houthi targets

    U.S. and U.K. forces struck multiple sites in Yemen used by the Houthis, in response to attacks by the rebel group on ships in the Red Sea, President Joe Biden said Thursday in a statement. The strikes took place just hours after the British prime minister reportedly authorized strikes in a joint operation with the United States, and a day after the U.S. Navy secretary declared his forces ready to mount them. The U.S.-U.K. strikes were supported by Australia, Bahrain, Canada, and the Netherlands, Biden said

  • US and Britain strike Yemen in retaliation for Houthi attacks on shipping

    U.S. and British warplanes, ships and submarines launched dozens of air strikes across Yemen overnight in retaliation against Iran-backed Houthi forces for attacks on Red Sea shipping, widening regional conflict stemming from Israel's war in Gaza.

    Witnesses confirmed explosions at military bases near airports in the capital Sanaa and Yemen's third city Taiz, a naval base at the main Red Sea port Hodeidah and military sites in the coastal Hajjah governorate.

  • Saudi Arabia: A ‘hidden paradise’ for Chinese luxury travelers

    Saudi Arabia is implementing a comprehensive initiative aimed at promoting its diverse landscapes and cultural heritage on a global scale. With a substantial financial commitment of $800 billion, the country seeks to unveil the untapped beauty of its natural assets. As part of its strategic approach, Saudi Arabia plans to allocate $500 billion towards amplifying the visibility of its tourism offerings in emerging markets, with a strong focus on China. Recognizing the nation's flourishing economy and its increasing demand for exclusive travel experiences, the Saudi Tourism Authority views China as a pivotal opportunity for establishing Saudi Arabia as a premier luxury travel destination.

  • Real Madrid Star Will Receive $330 Million Offer From Saudi Arabia

    A Real Madrid veteran will receive a monstrous offer from Saudi Arabia this summer according to AS, which could be equal to or more than the $330 million proposal he reportedly knocked back in 2023. Given his treatment in the Middle Eastern kingdom this week, we can probably deduce that the player in question is not Toni Kroos.

  • Hunt for Critical Minerals Draws World Powers to Saudi Arabia

    Saudi Arabia—The U.S., China and Russia are racing to secure critical metals needed to power the energy transition away from fossil fuels. Their latest battleground: oil-rich Saudi Arabia. Government officials and top mining executives descended on Riyadh this week to tap in to the gusher of cash the Saudis are pouring into mining investments. The kingdom is positioning itself at the center of a “super region” extending from Central Asia to the Middle East and Africa, which it says holds at least a third of the world’s natural resources, including critical minerals. Robust attendance at a mining conference held in the Saudi capital this week wasn’t solely about sealing financial deals, with foreign governments also eager to cement broader diplomatic relationships with the kingdom.

  • Saudi Arabia calls for restraint after air strikes on Yemen

    Saudi Arabia called for restraint and "avoiding escalation" in light of the air strikes launched by the United States and Britain against sites linked to the Houthi movement in Yemen, the kingdom's foreign ministry said on Friday. Saudi Arabia, which has in recent months engaged in peace talks with Yemen's Houthis, was closely monitoring the situation with "great concern," the foreign ministry said in a statement.

  • Blinken tells Bibi Saudis want peace deal, but not without two-state solution

    Blinken also made clear to the Israeli officials that Saudi Arabia and other Arab countries won't get involved in day-after solutions for Gaza — mainly reconstruction — without a path to a future Palestinian state, the sources said.

  • New premium residency categories will allow foreigners to buy property, invest in Saudi Arabia

    Saudi Arabia has added five new categories allowing eligible applicants to sign up for residency permit, in a move that aims to ease the process for residents who wish to apply for the visa scheme.
    The categories are: Skilled and talented individuals (specialists, executives), talents (cultural, sports), investors, entrepreneurs and property owners.

  • The Israeli right undermines Biden’s Middle East agenda

    The right-wing prime minister has spent much of his political career chipping away at the prospect of a two-state solution and came back to power with allies further to the right who explicitly reject any talk of Palestinian statehood. They also advocate further Jewish settlement of the West Bank and even of war-blighted Gaza. The rhetoric coming from within Israel has made U.S. attempts to hatch a regional plan to calm the crisis more difficult.

  • ROSHN, EVIQ sign deal to speed up EV adoption in Saudi Arabia

    Saudi Arabia’s real estate developer ROSHN Group has signed a deal with Electric Vehicles Infrastructure Co. to accelerate EV adoption in the country. The deal between the Public Investment Fund-owned realty firm and the EV charging solution provider will give a new impetus to the Kingdom’s ongoing efforts to fight climate change. Under the agreement, ROSHN and EVIQ will work to assess and develop infrastructure solutions tailored for EVs in residential communities and commercial properties that fall under ROSHN’s development umbrella across the Kingdom, the Saudi Press Agency reported.