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The major transformation and overhaul of Saudi Arabia’s military with defense expert Bilal Saab and much more – The 966 Episode 32
Episode 32 of The 966 – the hosts welcome defense and security expert Bilal Saab to discuss the little-known but historically significant transformations underway in Saudi Arabia’s military and security institutions. The hosts also talk about the personal status law that will make a major real-life change for women and families in the Kingdom, a […]
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Saudi Arabia Invites China’s President Xi to Visit Kingdom
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Secretary of State Blinken, Saudi FM Prince Faisal bin Farhan on Russia Invasion of Ukraine
Secretary of State Antony J. Blinken spoke on Wednesday with his counterpart in Saudi Arabia, Foreign Minister Prince Faisal bin Farhan Al Saud, about the Russian invasion of Ukraine, the State department said in a brief statement.
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Oil Prices Near 8-Year Highs as Russian Invasion of Ukraine Roils Markets
Oil prices reached 8-year highs, approaching $100 a barrel on the Brent crude index, as Russia’s Vladamir Putin ordered troops to invade neighboring Ukraine.
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Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360
Saudi Arabia’s Public Investment Fund is investing in the creation of a new digital bank being established in the kingdom with a capital of 1.65 billion riyals ($440 million), according to a report from Bloomberg.
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Dazzling Finish to Saudi International as Harold Varner III Sinks Near 100-Foot Eagle Putt to Win
American Harold Varner III made a fantastic eagle putt on the final hole to hold off left-handed Bubba Watson and claim a one-stroke victory at the Saudi International on Sunday.
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Saudi Arabia’s Natural Gas Production Soars
Saudi Arabia is starting to see significant growth in its natural gas production after major investments in the sector to increase output. Saudi Arabia’s dry natural gas production reached an average of 11 billion cubic feet per day (Bcf/d) for the first time in 2020, a 30% increase from 2010, according to the U.S. EIA.
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President Biden Says Administration Considering Re-Designating Yemen’s Houthis as a Terrorist Group
U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen’s Houthi movement as an international terrorist organization following persistent drone attacks on civilians in Saudi Arabia and the UAE. His comment at a press conference came shortly after the group claimed an attack by the group that killed three people at Abu Dhabi airport […]
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White House Says it Welcomes OPEC+ Decision to Stick to Planned Output Increase
The White House on Tuesday welcomed a decision the OPEC+ group of oil producers led by Saudi Arabia to stick with their plans to raise crude production, and touted “close” coordination with Saudi Arabia and the United Arab Emirates, according to Reuters.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej.
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MUST-READS
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What is Joe Biden’s Israel policy?
President Trump is already bringing Israel into his reelection campaign. On the trail Monday, he touted his administration’s controversial move to recognize Jerusalem as the Israeli capital as a victory for U.S. evangelical Christians, for whom Israeli dominance over the Holy Land is a matter of divine providence.
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Saudi Aramco: Time To Invest In One Of The World’s Largest Companies?
Saudi Aramco had held the highest net income, dividends, and total shareholder returns among major oil companies since its IPO. The company had an aggregate of $37.5 billion in dividends across 1Q and 2Q - roughly 2%. It remains committed to its annual goal of $75 billion in dividends in the year or a roughly 4% yield.
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Video: Fancy a date? This festival in Saudi Arabia has 700,000 tons
Auctioneers shout to get the attention of the highest bidders for Saudi Arabia's prized dates at Unaizah festival, where buyers from across the kingdom line up for the produce that is later exported worldwide.
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Commentary: What are Kamala Harris’s views on the Middle East?
Ms Harris acknowledges the long-standing partnership between the US and Saudi Arabia, and its ongoing importance, but she has called for more pressure to promote "US values" in the Gulf. Like Mr Biden, her positions suggest a likely continuation of the strong US affiliation with Gulf Arab countries, although with a broader agenda than Mr Trump's exclusive concern with military and commercial relations.
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Can Lebanon Rise from the Rubble?
The destruction of the port of Beirut – and Lebanon's freefalling economy – has fueled calls to end the country's sectarian political system, which allocates power among Christians, Shia, and Sunni Muslims according to a rigid formula. But might such a change merely deepen suspicion among an already deeply divided population?
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Perspective: Thirty years on from the invasion of Kuwait, what have we learnt?
Following its eight-year war with Iran, Iraq calculated that a much smaller and weaker adversary would be an easy target. His hubris was bolstered by a common belief that Saudi Arabia would not invite western forces onto its territory. Hussein expected that divisions among the GCC states could paralyse their response.
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Newcastle United takeover: Why did the Saudi-backed bid fail?
The consortium, Sky Sports News has been told, repeatedly asked for a deadline to be put on the process, without success - and they believe they provided an unprecedented amount of information - but it simply wasn't enough to seal the deal.
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GCC Railway: a train across a fractured Gulf?
Limited progress has been made since a 1,350-mile-long rail network stretching across Gulf Cooperation Council (GCC) countries was announced more than 15 years ago. Repeatedly delayed, the megaproject is now expected to be partially completed in 2023, linking Saudi Arabia to the United Arab Emirates (UAE) and Oman, Saudi newspaper Al-Jazirah reported. Although the report specified Bahrain and Kuwait would be added to the network two years later, Qatar, part of the original proposal, is not mentioned.
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The ACWA Power–Air Products joint venture for green hydrogen: A new Saudi energy policy?
As the energy transition gains speed, this announcement is a significant step forward in establishing a new role for Middle Eastern oil-exporting countries in a future global economy less dependent on hydrocarbons. That said, the scale and relative inexperience of key project partners means the project still faces an uphill battle.
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Has Trump Driven China and Iran Together?
Recent reports that Iran and China are pursuing a long-term, economic and security partnership have set off alarm bells in the Trump administration, and rightly so. According to Iranian officials, the deal would vastly expand Chinese investments in banking, telecommunications, ports, railways, and dozens of other projects in exchange for Tehran supplying Beijing with discounted oil for the next 25 years. The deal would also potentially include joint military training, exercises, counter-terrorism cooperation, intelligence sharing, and arms transfers to Iran.
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