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  • How Gulf Countries Are Splurging at Home
     

    Asa Fitch, writing in the Wall Street Journal, details the extent to which oil dollars are fueling economic growth “at home” for GCC countries: Booming oil prices are flooding Arab countries with money, but where the lion’s share of that wealth would once have been pumped into the world’s financial markets, much of it is […]

     
  • Island in the Gulf – A Film of Juraid Island
     

    One of the great joys of living in Saudi Arabia has always been the natural environment itself – the dunes, the jebals and especially the Gulf with its beaches, reefs and islands. For those lucky enough to visit Juraid Island, fifteen miles offshore from Jubail, the experience has always been unforgettable. A pristine island shaped […]

     
  • Foreign Military Sales Keep Production Lines Hot
     

    “Partnership building is part of one of the largest benefits that we see,” Hunt said. “It’s building and maintaining friendships, it’s about building allies. United States Central Command, or CENTCOM, is obviously a very busy place for the United States now. The more that we can help those countries not only defend, but operate amongst […]

     
  • SEC unveils SR452b projects
     

    The Saudi Electricity Company (SEC) has allocated SR452 billion to implement energy projects until the year 2021 according to SEC Chairman of the Board of Directors Dr. Saleh Bin Hussein Al-Awaji. These projects will provide services consistent with international standards, including building up an adequate power at a peak time about 10 percent of combined capacity. The […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • 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 […]

     

MUST-READS

  • China’s Expanding Solar Footprint in the Gulf

    China’s recent third plenum highlights the Communist Party’s commitment to guiding the country’s economy through ongoing global tensions and domestic challenges by focusing on sustainable, high-quality growth fueled by advanced technologies. Despite a robust economic performance and a leading role in global green energy, China’s solar industry faces significant turbulence from overexpansion, fierce competition, and external tariffs. As the sector confronts these difficulties, Chinese solar companies are strategically expanding into Gulf markets, leveraging the region’s immense solar potential while navigating the risks associated with intense competition and harsh environmental conditions.

  • Territorial Disputes Threaten Iran-Arab Detente

    The uneasy detente between Iran and its Arab neighbors is not only threatened by the state of Iranian-U.S. relations but also by dormant territorial disputes. These include disputes over the Greater and Lesser Tunb and Abu Musa islands claimed by the United Arab Emirates and oil and gas fields that Iran shares with neighboring countries – which Iran has not developed due to the international sanctions regime and restricted access to technology. Should the Islamic Revolutionary Guard Corps and its engineering arm, Khatam al-Anbia Construction Headquarters, engage in developing the fields, Iran and its Arab neighbors may find themselves entangled in renewed crises.  

  • Energy Minister: Saudi Arabia continues work on building first nuclear power plant

    Minister of Energy Prince Abdulaziz bin Salman said that Saudi Arabia continues work on building its first nuclear power plant. He also revealed that Riyadh will host International Conference on Nuclear Emergencies by the end of 2025. Addressing the 68th Session of the General Conference of International Atomic Energy Agency (IAEA) in the Austrian capital Vienna on Monday, he said that the Kingdom has completed the readiness requirements related to nuclear regulatory work. "We are continuing to implement our national project for peaceful nuclear energy, while our systems and infrastructure meet the required international regulatory requirements," he said.

  • Where Iranians Stand on Hijab Rules

    On September 16, 2022, 22-year-old Mahsa Amini died after having been taken into custody by Iran’s morality police for allegedly wearing her headscarf incorrectly. While the authorities state Amini died from illness, her parents and protesters say the police were responsible. Amini’s death ignited an uprising across the country, led mainly by women and young people, against injustice, the subjugation of women and police brutality, with hundreds reported to have been killed and thousands arrested in the ensuing months.

  • Nestle to build its first Saudi manufacturing plant in Jeddah

    Slated to open in 2025, the plant represents an initial investment of SR270 million ($72 million). The project is set to enhance local production capabilities, contribute to sustainable food security in the Kingdom, and meet local demand while enabling exports to other Middle Eastern and North African markets.

  • Iran’s Pezeshkian says ‘no place for hostility’ with Saudi Arabia, ready to visit Riyadh

    Iranian President Masoud Pezeshkian expressed at a press conference in Tehran on Monday his willingness to improve Iranian-Saudi relations, calling the two nations "brothers" and adding that he would visit Riyadh when the opportunity presented itself.  In his first press conference since assuming office in July, Pezeshkian spoke about the possibility of Saudi Crown Prince Mohammed bin Salman visiting Iran. “We are brothers, so there is no place for hostility. I welcome any move that can solve the differences between Muslims,” he told the press.

  • PGA Tour’s Saudi Deal Drags On With Players Arguing Over Pay

    PIF representatives met with PGA Tour officials in New York last week, and an agreement over the financial details inched closer, according to people familiar with the situation. In the months leading up to the latest discussions, talks had failed about how to reintegrate players who ditched the PGA Tour to play for LIV and ensure some financial parity, according to people familiar with the situation.

  • Saudi Arabia approves first exchange-traded funds tracking Hong Kong-listed equities

    Saudi Arabia has granted approval for its first exchange-traded funds (ETFs) tracking equities listed in Hong Kong on Tuesday, the Capital Market Authority (CMA) said, marking the debut of such a product in the Middle East. The move follows efforts by Beijing and Hong Kong to deepen ties with Arab countries in response to escalating tensions with the West.

  • Saudi sovereign wealth fund PIF to invest $5bn in Egypt

    Egypt said the $5 billion injection would be the “first phase” of Saudi investments through its Public Investment Fund. The announcement came after a meeting between Prince Mohammed and Egyptian Prime Minister Mostafa Madbouly in Riyadh. The investment would be the latest major injection of cash the North African country has received while it recovers from its economic crisis. The International Monetary Fund and the UAE have provided most of the funding to help support Egypt's economy.

  • Saudi investment licenses for Egyptian firms double in 2024, says minister

    At a meeting with Egyptian Prime Minister Mostafa Madbouly, organized by the Federation of Chambers in Riyadh, Saudi Investment Minister Khalid Al-Falih underscored Egypt’s increasing role as a key economic partner for the Kingdom. This follows Saudi Arabia’s exports to Egypt totaling $6.44 billion in 2022, while Egypt’s exports to the Kingdom reached $2.35 billion, as reported by the Observatory of Economic Complexity.