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2015 C3 US-Arab Business Summit – New York City
In collaboration with the U.S. Department of State, the U.S. Chamber of Commerce, and C3 International, the C3US-Arab Business Summit will take place on Monday, October 19, 2015, in New York City at the Union League Club. The summit will focus on “Cyber Security, Smart Cities, and Bilateral Prosperity.” Save the date and register now […]
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Construction Titan, Saudi Bin Laden Group, Suspended from new Projects Following Review of Mecca Crane Collapse
Custodian of the Two Holy Mosques King Salman on Tuesday ordered that top officials of the Saudi Binladin Group be banned from traveling outside the kingdom after investigators pinned the blame partially on the construction company for Friday’s deadly crane crash in Makkah, Arab News reports. The company is also forbidden from taking on new […]
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As Saudi Student Scholarship Program Expands to All Students Abroad, MoE Explores Limiting Program’s Scope to Medicine and Engineering
While visiting the United States last week, Saudi Arabia’s King Salman extended the Kingdom’s already expansive scholarship program to all students studying abroad, including to those currently paying their own way. The King met directly with Saudi students studying in the United States while in Washington and made the announcement during his visit. However, according […]
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Yemen Surge: 10k Coalition Troops Pour into Yemen as Airstrikes Continue to Pound Houthi Targets
A Saudi-led alliance launched more air strikes on Yemen’s capital and more foreign troops were reported to be moving into the country, Reuters reports, an escalation in coalition involvement. Local sources cited by Reuters report an increase in Qatari, Sudanese, and Egyptian forces entering Yemen, while Saudi Arabia’s Saudi Gazette, citing Al Arabiya TV, reports […]
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Sfakianakis on Bloomberg: How Much Longer Can Saudi Arabia’s Economy Hold Out Against Cheap Oil? – Video
With economists predicting a budget deficit of as much as 20 percent of GDP this year and the IMF forecasting the first Saudi current-account deficit in more than a decade, Saudi Arabia faces tough fiscal policy choices ahead as the price continues to stay low. Saudi finance expert and Ashmore Group Middle East Director John Sfakianakis spoke with Bloomberg […]
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Saudi Arabia’s Women are Registering to Vote for the First Time Ever
Voter registration for women began in the parts of Saudi Arabia this last weekend in a milestone for women’s rights. The first registered women voters in Saudi Arabia comes four years after King Abdullah announced that women will be granted equal voting rights. “The participation of the Saudi women in the municipal elections as voters and […]
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The Number of Women Employed in Saudi Arabia has Increased by 48% since 2010
Saudi women are entering the workforce in greater numbers as a promising report by Saudi Arabia’s Central Department of Statistics finds a significant uptick in women employed in Saudi Arabia. The increase of 48% since 2010 is encouraging news for the government of Saudi Arabia. The report reflects a slow but seismic shift in Saudi society […]
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Footage from the Front Lines: Tanks to Al-Anad and the Battle for Aden Caught on Film
Dramatic footage from two videos on YouTube posted by the Russian TV station RT and a new VICE news documentary bring the war in Yemen to the screens in front of us. Video from RT shows very latest footage from the Coalition-backed effort to seize Al-Anad air base in Yemen, a key military asset that […]
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Saudi Stock Market Faces Tough July: Value of Shares Traded Tumbles 25% but Market Seen As ‘Resilient’
The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports. However, compared with the significant drop in Brent Crude oil of 21 percent in that period, the market has “shown its mettle” in what […]
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Secretary Kerry Returns to the Region for Meetings with Egypt, Qatar
US Secretary of State John Kerry departed late Friday to Egypt and Qatar for a round of diplomatic talks, where the Secretary hopes to ease Gulf countries’ concerns about the Iran nuclear deal. The trip will not include a stop in Israel, according to reports. Today, Secretary Kerry will travel to Doha to meet with his […]
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MUST-READS
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What Do We Know About the First Celebration of Saudi National Day?
In 2005, an exceptional three-day holiday was approved in Saudi Arabia on the occasion of the 75th National Day. According to various sources, this date marked the first official holiday in the country’s history.
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What issues did Middle East leaders raise in UNGA address?
Leaders from the Middle East gathered at the United Nations General Assembly (UNGA) commonly expressed concern about the Russian war on Ukraine and its consequences on global inflation, gas prices, and food – in addition to the fissures it opened among major powers in a way not seen since the Cold War. The loss of important grain and fertiliser exports from Ukraine and Russia has triggered a food crisis, especially in developing countries, and inflation and a rising cost of living in many others.
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Can Elon Musk provide internet service to Iranian dissidents?
Musk’s Starlink network deploys thousands of satellites orbiting the Earth to provide broadband internet connections to its users. The global nature of this network has often been seen as a way to help citizens of authoritarian states dodge censorship, but there are plenty of political and technical difficulties in store for SpaceX if it tries.
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Queen Elizabeth’s funeral: Who is coming from the Middle East and North Africa?
The funeral, due to take place on Monday, is expected to be the largest gathering of royals, prime ministers, presidents, and leaders from around the world in decades.
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Two years on, what is the state of the Abraham Accords?
Two years after the Sept. 15, 2020, signing of the Abraham Accords, which normalized diplomatic relations among Israel, the United Arab Emirates, Bahrain, Morocco, and, potentially, Sudan, progress in developing relations has achieved mixed results. As anticipated, normalization has opened new opportunities for defense and security cooperation, especially among Israel, Bahrain, and the UAE, which share a common perspective on the security threat posed by Iran. The subsequent agreement to organize the Negev Forum, which also folded Egypt into the Abraham Accords coalition, offered additional possibilities for cooperation on shared interests, including energy, food and water security, health, and other issues.
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What is Neom? All you need to know about Saudi Arabia’s $500 billion megacity
Those behind the project say Neom will be a regional powerhouse in water production and storage, anchored on water desalination. High-tech interoperable, modular systems will attract water-related research companies and start-ups to drive innovation and lead in all sectors of the water industry. Neom's water distribution network will be completely connected through advanced infrastructure. This will ensure minimal water loss, putting Neom at the forefront of water technology.
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What is The Line, the 170km-long mirrored metropolis Saudi Arabia is building in the desert?
The marketing focus of The Line is on environmental sustainability, technology, luxury and professional lifestyles, innovation and a strategic location. This suggests its planners and designers intend to produce a novel and exemplary urban development that will rapidly transition Saudi Arabia to a post-carbon future. All the elements are there to do that. But, from a planning and construction perspective, it will require enormous strength of will, financial heft and capability. And it remains to be seen how successfully The Line will attract the residents it needs to succeed.
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What are the repercussions of Egypt-based Capiter’s downfall?
There was a surge in startup activity during the pandemic that saw record-breaking investment channeled to some of the region’s most promising startups. Valuations soared, startups hired and expanded rapidly and investors kept ploughing money into what founders promised would be the next unicorn. This rapid growth, while it may look great on the surface, is unsustainable in today’s economic climate. The existing uncertainty in global markets makes it hard for even the most qualified founders to make ends meet, but some businesses are found to be lacking the foundation that is sturdy enough to withstand the damage.
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Who in Iran Benefits From Sanctions?
Jahangiri said: “The result of sanctions is corruption. Iran’s foreign trade is $70 billion, 20% of which ends up in the pockets of those inside Iran who welcome the sanctions regime. This group organizes its network in the United Arab Emirates to provide Iran with financial services” to bypass the sanctions, and in return “overcharge Iran … Another group establishes companies in China, with the sole purpose of plundering Iran when the sanctions bite. Their network is perfectly well known. They have the backing of political power centers within Iran. They are the profiteers of the sanctions and don’t care about the plight of the people.”
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Digital Transformation in the Oil and Gas Industry: Hype or Hope?
However, current global greenhouse gas (GHG) targets and today’s definition of clean energy highlights the opportunity for emissions management and creates an economic incentive for producers and consumers to decarbonize, each playing a critical role in the energy transition.
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