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  • Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
     

    Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]

     
  • Saudi Ambassador to the US Prince Khalid Bin Salman Visits CENTCOM in Florida
     

    Saudi Ambassador to the United States Prince Khalid bin Salman visited the US Central Command (CENTCOM) headquarters in Tampa, Florida this week to meet with top U.S. military officials and Saudi officers stationed at the facility, Arab News reports. The Ambassador, a former F-15 pilot and tactical intelligence officer in the Royal Saudi Air Force (RSAF), held […]

     
  • Report: Saudi Delegation of Companies Led by Ministry of Economy and Planning Set to Visit New York
     

    The Saudi Ministry of Economy and Planning (MEP) will lead a delegation comprising of a “number of government and private-sector entities and representatives of charitable associations” to the United States to present a review of the country’s progress on sustainable development, according to reports. The delegation will participate in the UN’s High-level Political Forum on […]

     
  • Will Uber and Careem Merge?
     

    San Francisco-based Uber Technologies Inc. and Dubai-based Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, according to reports, in a merger that would create one dominant presence in the market and avoid a potentially costly rivalry. Bloomberg reports that the two companies have discussed a potential merger but the companies have only discussed […]

     
  • Privatization and Vision 2030: Report Looks at Opportunities, Challenges for Saudi Arabia’s Ambitious Plans
     

    A recently released Jadwa Investment report lays out in detail Saudi Arabia’s ambitious privatization plans as part of its Vision 2030 economic and social reform program and identifies opportunities and challenges for decision-makers. The research report, entitled “Privatization and Vision 2030” which was emailed in a note to investors by Jadwa’s head of research Dr. Fahad Alturki, […]

     
  • Report: Trump Requested Saudi Oil Support Before Iran Nuclear Decision
     

    A day before President Trump withdrew from the Iran nuclear deal, one of his senior officials phoned key ally Saudi Arabia to ask the world’s largest oil exporter to help keep prices stable if the decision disrupted supply, Reuters reports. As Reuters reports, although the U.S. and Saudi Arabia are close allies, rarely has the United States put […]

     
  • IMF: Saudi Arabia Making ‘Good Progress’ on Vision 2030, Should Focus on Balanced Budget in 2023
     

    Saudi Arabia is making good progress in implementing Vision 2030 economic and social reforms, the International Monetary Fund (IMF) said in a statement late on Tuesday, as it urged the Kingdom not to increase spending and to focus on a balanced budget by 2023. “The government remains committed to wide-ranging economic and social reforms to transform the […]

     
  • Saudi Ministry of Justice Announces Launch of Alimony Fund ‘Modeled on UK’s Child Maintenance Service’
     

    Saudi Arabia’s Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom’s Child Maintenance Service in an attempt to “empower mothers and provide sustainable living and support, for them and their children,” the Ministry said in a press release. The alimony fund is dedicated to women who are divorced and facing difficulty […]

     
  • Tadawul IPO Pushed to ‘2019 at the Earliest’ as Kingdom Eyes MSCI Inclusion Bump
     

    Saudi Arabia is delaying the IPO of the Tadawul, the Kingdom’s stock exchange, “on hopes that a potential MSCI Inc. upgrade could boost its value,” according to Bloomberg which cited people with knowledge of the matter. The Tadawul has pushed back plans to sell shares “to 2019 at the earliest,” according to Bloomberg, because waiting until after MSCI’s […]

     
  • Saudi, Qatar Bond Issues Get Cozy; Both Oversubscribed
     

    Saudi Arabia beat out regional rival Qatar’s first bond issuance since the Gulf crisis began with its own “surprise” $11 billion raise, which drew $52 billion of orders this week, according to reports. Saudi Arabia denies that the timing of the quick-fire raise was not aimed at damaging Qatar’s issuance. The Saudi debt management office told the […]

     

MUST-READS

  • Is Saudi Arabia Leading the Race for FinTech Financial Inclusion?

    The biggest problem standing in the way of creating a dynamic Fintech sector in Saudi is not the demand for innovative banking services – that is certainly strong enough. Rather, it is a somewhat traditional banking sector that may be reluctant to open up to technology companies.

  • Perspective: Can Saudi Arabia Afford Its Futuristic Megacity?

    If completed, Neom could become a model for a new high-tech city while putting a significant dent in the country’s youth unemployment problem. But for now, Riyadh’s ambitious plans for Neom remain under question. There is not enough clarity on how Saudi Arabia could actually find the large-scale economic growth to support investment to build a project of such scale.

  • Berlin conference: A step toward peace in Libya?

    Germany and the United Nations are set to host another round of Libya peace talks. New Prime Minister Abdul Hamid Dbeibah is set to attend, but there are questions about how much of a say Libyans will have in decisions.

  • Can Saudi Arabia develop a major domestic arms industry by 2030?

    "Saudi Arabia has made a lot of progress in building up its domestic arms industry, especially in terms of developing land weapons systems, electronics, and smart bombs," Emily Hawthorne, Stratfor's Middle East and North Africa analyst at RANE, told Middle East Eye. "But the goal of spending 50 percent of the kingdom’s military budget at home remains a distant, unlikely one."

  • Can Saudi Arabia develop a major domestic arms industry by 2030?

    Saudi Arabia plans to hugely expand its modest arms industry over the next decade, but doing so amid low oil prices and a pandemic-battered economy could prove challenging for the kingdom. Earlier this year, Riyadh announced it would invest more than $20bn in its domestic weapons industry, with a 2030 goal of spending around 50 percent of its military budget on local sources. Building more weapons systems locally would naturally reduce Saudi Arabia's need to import the vast majority of its military hardware, munitions, and spare parts - as it does currently.

  • End of Yemen quagmire? Saudi-led coalition, Houthis near peace deal

    One of the sources said Riyadh was open to a deal but “would need some additional guarantees from Oman and Iran”, both with close ties with the Houthis. If an agreement was reached, it would be the first breakthrough in U.N.-led efforts to end the war since stalled peace talks were last held in Sweden in December 2018. It would also hand Joe Biden’s administration a foreign policy win and ease tensions between Saudi Arabia and Iran.

  • What Makes Algeria’s New Solar Tender Different?

    Algeria is the largest country in Africa, by geography. It has massive solar potential, sharply rising energy demand, and one of the highest per-capita gross domestic product (GDP) levels on the continent.

  • Can Saudi Arabia become the region’s fintech frontrunner?

    Once a slow-moving ecosystem, Saudi Arabia has burgeoned into a dynamic landscape for entrepreneurs, offering them greater access to funding and friendlier regulations. The fintech sector, in particular, has grown from just 10 startups registered under the Fintech Saudi initiative in 2018, to a total of 155 in 2020. In the first quarter of this year, fintech startups based in Saudi Arabia raised in excess of $127 million, a whopping jump compared to the $23 million raised by the sector from 2015-2020.

  • Perspective: What’s next for US Syria policy as Assad consolidates power?

    “The festival of pro-Assad fealty and the one-sided political celebrations have both domestic and regional connotations,” Danny Makki, a Damascus-based analyst, told Responsible Statecraft. “Firstly, it shows who is still the boss in Syria and secondly it is a not-so-veiled message to the Gulf states who are half-way through a slow rapprochement with Damascus, it is a clear signal to Saudi Arabia and the United Arab Emirates saying, ‘Look at who is in charge here, deny my popularity now.’”

  • Saudi Arabia Travel Ban 2021: Which Countries Are Suspended From Entering Saudi Arabia Now?

    Last month, Saudi Arabia lifted its air travel restrictions thereby allowing international flights to and from the kingdom to largely resume. However, this does not mean that all countries now have the privilege of entering Saudi Arabia. Conversely, Saudi travellers will also not be permitted to travel to certain countries where the pandemic is still considered out of control.