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  • Mastercard Women’s Leadership Network Expands into Saudi Arabia, Empowering Women in Finance

    As part of its commitment to connecting and powering an inclusive, digital economy that benefits everyone, everywhere, Mastercard is pleased to announce the launch of a new Women’s Leadership Network (WLN) chapter in Saudi Arabia and extension of its Accelerator Program in EEMEA in partnership with Women Choice to Saudi Arabia.

  • Powering Today’s Energy Transition: U.S.-Saudi ‘Trade Talks’ Focus on Hydrogen Horizons

    The Trade Talks series is designed in support of the 2022 U.S.-Saudi Arabia Commercial Partnership Shared Work Plan that aims to guide cooperation between the U.S. Department of Commerce and Saudi Arabia’s Ministry of Commerce in four key areas: the green economy, strengthening the role of women and small medium enterprises (SMEs), promoting innovation, and increasing two-way investment. These areas were selected based on joint U.S. and Saudi goals in support of open, prosperous markets and inclusive growth.

  • Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board

    In a pointed letter to his fellow policy board members, Dunne defended the framework deal with the Saudis, writing that “unifying professional golf is paramount to restoring fan interest and repairing wounds left from a fractured game.” He also cited how he hasn’t been asked to take a role in the negotiations with Saudi Arabia’s Public Investment Fund over the past 11 months and that “no meaningful progress has been made toward a transaction with the PIF.”

  • Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board

    When Jimmy Dunne joined the PGA Tour’s board in 2023, at the peak of its battle with LIV Golf, the Tour was adding a heavy hitter in both the golf and financial worlds. Dunne is a member at prestigious institutions such as Augusta National, the president of Seminole Golf Club and the senior managing principal at the investment bank Piper Sandler.

  • ‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

    More than 200,000 people converged at the conference, including Adam Selipsky, chief executive of Amazon’s cloud computing division, who announced a $5.3 billion investment in Saudi Arabia for data centers and artificial intelligence technology. Arvind Krishna, the chief executive of IBM, spoke of what a government minister called a “lifetime friendship” with the kingdom. Executives from Huawei and dozens of other firms made speeches. More than $10 billion in deals were done there, according to Saudi Arabia’s state press agency.

  • No Soft Power Shake-Ups for Now

    President Joe Biden may not have fully restored the image of the U.S. abroad, but it is in better condition now than it was under his predecessor and likely rival in the November election.

    A new Gallup report based on surveys in over 130 countries and territories shows that the median global approval rating of U.S. leadership stood at 41% in 2023, down from 45% during Biden’s first year in office but unchanged from his second.

    Historically, the 41% approval rating is lower than all but one of the ratings under President Barack Obama but is higher than any of those under Presidents Donald Trump and George W. Bush.

  • Saudi Energy Giant ACWA Power Secures $80 Million Loan From Bank Of China For Uzbekistan Solar Drive

    Saudi-based ACWA Power recognized as the world’s largest private water desalination company and a frontrunner in energy transition with a focus on green hydrogen, secured an equity bridge loan from the Bank of China amounting to $80 million to fund its Tashkent 200MW Solar PV and 500MWh BESS project in Uzbekistan.

  • Commentary: Israel-Iran Confrontation Forces Gulf Powers to Choose Sides

    Saudi Arabia and other oil-rich Persian Gulf states have tried to avoid taking a position on America’s geopolitical rivalries in recent years, staying neutral in the Ukraine war and building ties with China. With Israel and Iran in open conflict, they might be forced to choose a side.

    Saudi Arabia and the United Arab Emirates struggled to stay on the sidelines when it became clear last week that Iran would attack Israel in retaliation for a strike in Syria that killed senior Iranian military officers.

  • Alternative Work Models key to empowering Saudi Women’s return to the workplace, latest PwC Middle East survey finds

    The report surveyed more than 1,200 women in countries like the UAE, Saudi Arabia, Qatar, Egypt, Bahrain, Jordan, Kuwait, Lebanon, and Oman and features critical perspectives from leading regional CEOs.   Key findings of the survey have also indicated that 52% of Saudi women have had their resumes rejected due to gaps in their careers, while more than 83% of Saudi women consider returnship programmes that offer a structured pathway for re-entry, including training and tailored support, to be essential for their successful reintegration into the workforce.

  • Erdogan Politically Wounded But Still Turkey’s Dominant Power

    Results of the March 31 nationwide local elections in Turkey represent the first true defeat for President Recep Tayyip Erdogan’s Justice and Development Party (AKP) since its 2001 founding. Although the previous local elections, in 2019, were widely interpreted as a defeat for Erdogan, as the secular Republican People’s Party (CHP) opposition won five of Turkey’s six largest cities – including the two major prizes, Istanbul and national capital Ankara – AKP actually won the elections by most measures: provincial capital mayoralties, provincial assemblies, and village councils as well as overall mayoral vote totals. AKP even won majorities in the Istanbul and Ankara municipal councils in 2019, complicating life for the CHP mayors of those cities.