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Pompeo Calls Strikes an ‘Act of War’ as he Visits Saudi Arabia, Meets with Crown Prince
Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an “act of war” by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah. The recent attacks “didn’t come from the Houthis,” Pompeo said Wednesday in remarks to reporters. “This was an Iranian attack…we’re blessed that there were no Americans killed […]
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As Officials Gather Evidence in Saudi Oil Attacks, Trump Ratchets Up Sanctions
President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran, the first response by the U.S. to the attacks on two key oil installations in Saudi Arabia, according to reports. The pronouncement by Trump comes as both U.S. and Saudi officials ready evidence that points the finger at Iran for the […]
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Trump says he does not want war with Iran, but says Tehran ‘likely’ behind attacks
President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, according to reports, as the world watches how the Kingdom and its allies may respond to Saturday’s strikes. “It’s certainly looking that way at this moment,” Trump […]
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Successful 2019 Hajj wraps up without incident as Muslims pilgrims pray in Mecca
Millions of Hajj pilgrims began heading back to Mecca for final prayers on Tuesday as the world’s largest annual pilgrimage went off without incident despite the logistical challenges and escalating regional tensions, Reuters reports. Even with some heavy rainfall, senior officials said there had been no major incidents and that the Hajj experience for nearly 2.5 […]
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Will Formula One Racing Come to Saudi Arabia?
Saudi Arabia and Formula One are discussing the possibility of holding a race in the country, “and team bosses have been asked for an opinion,” sources told Reuters on Tuesday. “The Times newspaper reported that Formula One and the 10 teams would seek reassurance on issues including human rights, gender equality and media freedom before any […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Saudi Arabia in talks with ‘regional and global investors’ for Qiddiya, the Kingdom’s mega entertainment and sports city – report
Saudi officials are engaged in talks with “regional and global investors” for the Kingdom’s first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil, Bloomberg reports. The company is looking at options for investment including “joint ventures, land leasing and privatization to fund the project,” according to comments from the company’s […]
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Another Houthi attack on Saudi Arabia’s Abha airport leaves nine injured
A Houthi drone attack on Saudi Arabia’s Abha airport has injured nine civilians on Tuesday, the latest in a series of recent cross-border terrorist attacks by the Iran-backed group in Yemen. Eight Saudis and one Indian citizen were injured in the attack. The Houthis have recently stepped up attacks against targets in Saudi Arabia, which is […]
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U.S. Special Representative for Iran, Saudi Arabian Deputy Defense Minister Prince Khalid bin Salman Meet in Jeddah
U.S. Special Representative for Iran Brian Hook met with Saudi Arabian Deputy Defence Minister Prince Khalid bin Salman in Jeddah on Friday, the minister said in a tweet. Hook and Prince Khalid discussed recent attacks in the region. “Pleased to meet with United States Special Representative for Iran Mr. Brian Hook to explore the latest efforts to […]
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Putin Highlights Price Difference with Saudis and OPEC+ with Key Production Decision Looming
Saudi Arabia and Russia may not see eye-to-eye on the targeted price of crude oil, which could complicate the two sides’ efforts to reach a joint decision on supply, according to multiple reports. Russian President Vladimir Putin said on Thursday that Russia had differences with OPEC over what constituted an acceptable price for oil, but […]
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MUST-READS
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What is happening in Sudan? Fighting in Khartoum explained
A conflict in Sudan that erupted on April 15 has killed hundreds of people, driven more than 100,000 to flee across the borders and displaced hundreds of thousands inside the country where many already relied on international aid before fighting began.
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Is the Middle East ready for a liftoff in the global space industry?
About nine countries in the Middle East region now have space programs that range from placing satellites into the Earth’s orbit to planning a lunar landing.
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Is the Middle East ready for a liftoff in the global space industry?
About nine countries in the Middle East region now have space programs that range from placing satellites into the Earth’s orbit to planning a lunar landing.
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Opinion: Were there clues foreshadowing Saudi Arabia’s diplomatic shift?
A crisis of confidence that Washington still has the kingdom’s back, a readiness to accommodate Iran if deemed necessary and a new-found belief in China’s willingness to use its growing regional clout in support of Saudi security are precisely the ingredients that now seem to be at play in Riyadh’s recent diplomatic maneuverings.
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What’s New in Luxury in the Middle East? Casino, Cocktails, Christie’s
Welcome to Pursuits Middle East, a new biweekly column that takes you inside the fast-growing luxury lifestyle market in the region
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Will Iran adopt a new weekend?
Low efficiency has long been a key challenge to productivity in the Iranian business community. Among the critical topics for Iranian enterprises is the high number of public holidays. In fact, Iran has 26 public holidays, consisting of national and religious occasions, most of which are based on the Islamic lunar calendar. This is while the country is organized based on the Iranian Solar Hijri calendar.
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BRICS gets influx of interest as Saudi Arabia, Iran, and more knock on its door: Will members open up?
As many as 19 countries have expressed an interest in joining the BRICS group of nations as they prepare to hold their annual meeting in South Africa. The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, will meet in Cape Town on June 2-3 to discuss the expansion of the bloc.
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What key trends are driving banking in the Middle East?
“The Middle East region has advanced exponentially in the financial technological ecosystem mirrored with our focus on investing in strategic partnerships, emerging technologies and our people to help solve our client’s biggest problems,” said Ghazali. “We firmly believe that the future of the industry is heading towards a brighter path, one filled with innovation and inclusion.”
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Iranian-Saudi thaw may aid Lebanon, but will it gain Hezbollah?
Iran and Saudi Arabia’s political détente matters not only for the two countries but also for their regional partners, including Lebanon. The rapprochement offers Beirut some hope of resolving its interweaving crises, which have partly been caused by tensions between the two regional powers. But any relief is unlikely to be imminent, and important questions—such as the position of Lebanon’s powerful Hezbollah movement—remain unclear.
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Perspective: Can China replace the US in the Middle East?
But while this can get China quite far, its reluctance to take on the role of “policeman” or security provider could limit its negotiating toolkit in the long run, said Mark Fitzpatrick, an associate fellow for strategy, technology and arms control at the London-based International Institute for Strategic Studies. It also remains to be seen whether China can enforce deals it has mediated with economic guarantees alone, or if it can replicate its recent success beyond Iran and Saudi Arabia – both of which are deeply tied to China through energy sales.
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