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  • I Carried Out The Strike That Killed Soleimani. America Doesn’t Understand The Lesson Of His Death.

    Recent history demonstrates that a strong U.S. posture in the Middle East deters Iran. As the leader of U.S. Central Command, I had direct operational responsibility for the strike that killed Qassem Soleimani, the ruthless general responsible for the deaths of hundreds of U.S. service members. Iran had begun to doubt America’s will, which the strike on Soleimani then proved. The attack, in early 2020, forced Iran’s leaders to recalculate their months-long escalation against U.S. forces. Ultimately, I believe, it saved many lives.

  • Saudi film ‘Norah’ sets international release date

    “Norah” made history when it was selected as the first Saudi film to screen on the official calendar at the Cannes Film Festival in May. The Red Sea Film Foundation has now announced the feature – which is backed by the Red Sea Fund – will be released in Saudi Arabia and international cinemas on June 20. Director Tawfik Alzaidi's film premiered at December’s Red Sea International Film Festival in Jeddah before heading to the French Riviera last month, where it ran in the famed festival’s Un Certain Regard section.

  • Saudi Arabia and 7 OPEC+ members extend voluntary production cuts until 2025

    The OPEC+ countries, which had announced additional voluntary cuts in April 2023 and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a meeting in person in Riyadh on the sidelines of the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM).

  • Saudi IPOs attract record $176bn in investor orders: Bloomberg

    Saudi companies have garnered SR659 billion ($176 billion) in orders for their initial public offerings, with investors eager to capitalize on the returns processed over the past two years. According to Bloomberg, this surge in demand for IPOs has surpassed the record set by Saudi Aramco in 2019 and is affecting the broader market.

    The Tadawul All Share Index, which tracks the Kingdom’s stock market, has fallen nearly 8 percent from its peak in March, lagging behind other emerging markets. This dip is partly due to investors holding onto cash for these new offerings, Bloomberg reported.

  • Al Sadu: traditional weaving

    In a move led by Saudi Arabia and Kuwait, Al Sadu has just been recognized by UNESCO as an intangible cultural heritage in both the Kingdom and Kuwait. The ancient Bedouin craft of woven wool is the 8th element present in Saudi culture to join the list. The knowledge about this ancient craft is typically maintained by Bedouin women, across different Gulf countries, who still use traditional loom to weave the cloth.

  • Saudi FM thanks European nations for recognition of Palestinian state

    Saudi Foreign Minister Prince Faisal bin Farhan on Wednesday thanked Ireland, Norway and Spain for recognizing a Palestinian state, saying during a visit to Madrid they were “on the right side of history.” The coordinated diplomatic move Tuesday by the three western European countries, which believe their initiative has strong symbolic impact that could encourage others to follow suit, has been slammed by Israel.

  • Sanam Vakil: Iran’s Trajectory after Raisi

    I think the truth is always somewhere in the middle, and that's because, on the one hand, the Islamic Republic is a system that is relatively cohesive. Historically, it's made up of various factions that have different policies and tactics, but together they're united in their loyalty to the Islamic Republic. Raisi himself was a very loyal insider man, not deeply charismatic or beloved by the Iranian population. He was also sort of Khamenei’s, the supreme leader, “yes man,” if you will.

  • HE Eng. Khalid bin Abdulaziz Al-Falih

    As Minister of Investment, HE Khalid Al-Falih leads a multi-disciplinary and multi-specialty team that contributes to exceptional achievements in the field of developing the investment environment in the Kingdom, attracting national and foreign investments to various vital and promising economic sectors, and supporting the Saudi private sector’s investments outside the Kingdom, in addition to driving the growth of the private sector in the Kingdom, which is a major goal of the Kingdom’s “Vision 2030”, and an important factor in the efforts to diversify the Kingdom’s national economy

  • Saudi Arabia’s SURJ Sports Investment ‘preferred bidder’ for ATP Masters 1000 event

    SURJ, the sports investment company launched by Saudi Arabia’s Public Investment Fund (PIF) last August, is reportedly the frontrunner, though an agreement is yet to be reached with the ATP Tour on a venue or commercial terms. If a deal is reached, SURJ would be granted a licence for an ATP Masters 1000 event, which feature the top-ranked players on the tour. There are currently nine ATP Masters 1000 tournaments played across cities including Miami, Madrid and Paris.

  • Saudi Bank Risk Profiles Are Stronger than at Other GCC Lenders

    Fitch’s asset quality and risk profile scores for banks in the region are strongly correlated, as the business models of GCC banks are mainly focused on lending. Credit risks are therefore a major influence on their risk profiles. The weighted-average risk-profile score for Saudi banks is just below ‘bbb+’ and the weighted-average asset quality score is ‘bbb+’. In the UAE, Qatar and Kuwait, both weighted-average scores are two notches lower, at ‘bbb-’.