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  • Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
     

    Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]

     
  • Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
     

    The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]

     
  • As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
     

    Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]

     
  • Photos Show Severe Floods Hitting Saudi Arabia’s Asir Region
     

    At least one person was killed and hundreds rescued on Wednesday after severe flooding in Saudi Arabia’s Asir region. Videos and photos emerging online of the floods show fast-moving currents sweeping away cars and motorists stranded in water. Saudi Arabia’s Civil Defense said that 10 others were injured and over 280 people were rescued while dealing with […]

     
  • Saudi Arabia Approves $24.5b for Water, Agriculture, and Environment Spending to Meet Vision 2030 Goals
     

    Saudi Arabia has approved $24.5b for water, agriculture, and environment spending to allow government leaders to meet 16 goals set as part of its Vision 2030 development plan, Reuters reports. The figure was stated by Abdulrahman Al-Fadhli, Saudi Arabia’s minister for environment, water and agriculture at a speech at an industry conference in Riyadh. Reuters reports that […]

     
  • Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     
  • Saudi Energy Ministry Announces New Renewable Energy Plan for up to $50b in Investments
     

    Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]

     
  • Trump Turns Up Rhetoric, Threats Toward Iran
     

    The Trump administration says it is putting Iran “on notice” following two incidents in the region in the past week, including an attack on a Saudi navy ship by Iran-backed Houthi rebels. The comments came from President Trump on Twitter as he blasted the agreement to disarm Iran’s nuclear program. “Iran was on its last legs […]

     
  • U.S.-Saudi Arabia Continue Strong Defense Ties in Trump Administration’s Early Days
     

    Saudi Deputy Crown Prince Mohammed bin Salman spoke by phone with Secretary of Defense James Mattis today to discuss mutual cooperation on security issues, according to the SPA and the Saudi Gazette. The Deputy Crown Prince also serves as minister of defense and chair of the powerful Council on Economic and Development Affairs (CEDA). The U.S.-Saudi relationship is […]

     
  • Saudi Aramco Selects U.S. Firms to Audit Reserves for 2018 IPO
     

    Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources told Reuters on Thursday. Saudi Aramco has asked a unit of oil services firm Baker Hughes – Gaffney, Cline and Associates – to carry […]

     

MUST-READS

  • 50 Most Powerful Business women

    These 50 business leaders are holding some of the most challenging and important positions in MENA, as well as playing fundamental roles in making the Middle East a globally competitive marketplace.

  • Forbes Middle East Reveals MENA’s Most Powerful Businesswomen

    The 2022 ranking features leaders from 19 different nationalities across 17 sectors. Emirati and Egyptian women dominate the ranking, with seven entries each, followed by Saudi, Moroccan, Kuwaiti, and Omani leaders, at four entries each. The top 10 leaders were an even split between list veterans and fresh faces. Amongst the top 10, Randa Muhammad Sadik, CEO of Arab Bank, made the most significant jump from 2021, rising from 14th to 7th position, as she assumed her role as chief in February 2022.

  • Cyber-attacks in Iran heighten speculations about internal power play

    Some pro-reform media and commentators in Iran argue that the IRIB breach may spell the end of Jebelli’s tenure as the head of Iran’s most powerful media organization. Yet, there are speculations that there was no foreign hacking and that the operation is meant to weaken Jebelli’s standing and push him out.

  • Islamic State hits back, aided by power vacuum in Iraq and Syria

    Nearly three years after the group lost its final enclave, Islamic State fighters are re-emerging as a deadly threat, aided by the lack of central control in many areas, according to a dozen security officials, local leaders and residents in northern Iraq.

  • ACWA Power signs MoU with Saudi EXIM Bank

    ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of Understanding (MoU) with Saudi Export-Import Bank (Saudi EXIM), in an extensive agreement that involves knowledge transfer in the realm of credit issuance, with the objective of facilitating and growing Saudi exports and overseas investments by Saudi institutions and organisations.

  • Golf’s global power struggle heats up with UK set to host Asian Tour event

    Key, of course, is whether or not golfers will see the appeal in what is a congested schedule. The DP World and PGA Tours will not make it easy for their members to compete routinely on the Asian Tour, should such dispensation even be granted at all.

  • Saudi Arabia’s Neom plans first tenders for renewables power grid this year

    The first tender packages to be issued will be in the range of 400 MW to 800 MW, he added. "Not huge, but it's reasonably sized at this stage, with way more to come," Madrian said.  Neom will look to tap 8 GW to 10 GW of wind power and between 16 GW and 20 GW of solar power generation based on its current set of assumptions, Madrian said.

  • The Battle for the World’s Most Powerful Cyberweapon

    In a broader sense, NSO’s products seemed to solve one of the biggest problems facing law-enforcement and intelligence agencies in the 21st century: that criminals and terrorists had better technology for encrypting their communications than investigators had to decrypt them. The criminal world had gone dark even as it was increasingly going global.

  • Desert Technologies, Al Salem team up to advance solar power in Saudi Arabia

    Under the deal, the partners will install solar panels on the roofs of residential, commercial and industrial buildings owned by customers of Al Salem at competitive prices. The use of solar power on the roofs of residential and commercial properties is a way to reduce electricity bills, cut carbon emissions and boost the market value of the buildings, said Al Salem's regional director Maher Mousa.

  • Rosatom in talks with ‘several’ Middle East countries about starting nuclear power plants

    Rosatom was selected to help provide the enriched uranium for the UAE's first nuclear power plant, and is building the first nuclear power plants in both Turkey and Egypt.