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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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Trump’s First Foreign Trip as President is to Saudi Arabia
President Donald Trump will visit Saudi Arabia as his first foreign trip since taking office, a sign of the Kingdom’s importance as an ally and trading partner to the United States. The trip will also include visits to Israel and the Vatican, meaning that Trump will be visiting the spiritual centers of Islam, Judaism and […]
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‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]
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Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances
If Saudi Arabia as the de-facto head of OPEC used to set the ceiling for the price of oil, now it looks like that role has been taken over – by U.S. shale producers. However, Saudi Arabia can still set the floor. According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC […]
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Saudi Arabia Looks to Overhaul Billions in Government Projects, Report Says
Saudi Arabia’s government is ordering its ministries and agencies to review billions of dollars’ worth of unfinished infrastructure and economic development projects “with a view to shelving or restructuring them,” a report in Reuters said, citing government sources. According to the report, Riyadh’s Bureau of Capital and Operational Spending Rationalization, set up last year to make […]
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In First, Full Japanese Orchestra Performs in Riyadh
For the first time, a Japanese orchestra has played a live performance in Saudi Arabia’s capital, the latest step forward for Saudi culture and prospects for greater entertainment options for Saudi citizens. Minister of Culture and Information Adel Al-Toraifi opened the first Japanese full orchestra concert in Saudi Arabia on Thursday night at King Fahad […]
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Tadawul Announces Update on Progress To Reforms
Saudi Arabia’s stock exchange, the Tadawul, today provided in a press release “an update of its progress across a range of far-reaching capital market reforms to enhance efficiency, corporate governance, and transparency.” The reforms are part of the Exchange’s efforts to further align Saudi capital market with international standards and make it more attractive to […]
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Saudi Economic Data for February Paints Another ‘Mixed Picture’
Saudi Arabia’s economic data for the month of February 2017 showed a mixed picture for the Kingdom, with foreign reserves falling to $514 billion in February, the lowest since August 2011. The latest Jadwa Investment monthly chartbook for February finds cash withdrawals from ATMs and POS transactions showed a downward trend, but non-oil PMI was […]
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Saudi Shoura Council Takes Aim at Much Maligned Saudi Airports, Demands Vision for Change
The Shoura Council asked the General Authority for Civil Aviation (GACA) Wednesday to establish a strategic vision to make Saudi airports among top ranked globally, achieve competitiveness, ensure safety and serve customers in the best manner, according to reports. Saudis are often embarrassed of their outdated and poorly operated airports and look enviously at other […]
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White House Supports Development of ‘A New United States-Saudi Program’, Endorses Strong Saudi Relationship
The White House released a statement yesterday calling for the development of “a new United States-Saudi program” after the President hosted Deputy Crown Prince Mohammed bin Salman for a lunch meeting. The statement re-affirmed the U.S.-Saudi political, military, security, economic, cultural, and social relationship and the importance of the U.S. and Saudi Arabia working together “based […]
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MUST-READS
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Was Syria Different? Anticipating the Next Islamic State
For counterterrorism officials, one of the most difficult counterterrorism challenges is identifying the next global struggle that, like the Syrian civil war, will energize the world’s Muslims and lead tens of thousands of foreigners to join the fray.
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What’s standing in the way of an Arab NATO?
An Arab NATO would consist of six Gulf states (Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman and Qatar) plus Egypt and Jordan.
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What’s Happening to the Price of Oil?
The abrupt retreat, which inevitably brings back memories of the industry-rattling crash in 2014, is a big worry for members of the Organization of the Petroleum Exporting Countries, whose economies are closely tied to oil revenues. Saudi Arabia, the most powerful OPEC member, said on Nov. 11 that it would cut output by half a million barrels a day to bolster prices.
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With new Egypt capital being built, what becomes of Cairo?
A city of some 20 million people combining charm and squalor, Cairo may soon witness an exodus by well-heeled residents, state employees and foreign embassies to the New Administrative Capital, as the vast project in the desert is provisionally known. It will be the latest phase in the flight of the rich, many of whom have already moved to gated communities in new suburbs, leaving the old Cairo in neglect and decay.
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Is the fracking boom a sign of America’s move toward oil independence?
U.S. crude-oil production hit a record milestone in August, when it exceeded 11 million barrels per day for the first time, according to the federal Energy Information Administration. Oil output from one geologic region alone, the Permian Basin in West Texas, has exceeded the output of eight of the 13 members of the Organization of the Petroleum Exporting Countries. And U.S. imports of crude oil have plummeted to the lowest level since 1967 (though they have not disappeared).
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How Did ISIS Get Its Weapons? Europe Wants to Limit U.S. and Saudi Arabia Arms Sales Because Guns Went to Militant Group
The European Parliament warned that "member states have systematically failed to apply" EU rules when selling arms abroad, and called for "a mechanism to enforce sanctions on EU members that break the rules," according to a press release issued Wednesday. The document cited specific examples of taking measures to cut weapons exports to Saudi Arabia and the United States in order to ensure they were not acquired by banned organizations such as the Islamic State militant group, commonly known as ISIS or Daesh.
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Opinion: Will Oman broker Israeli-Palestinian peace talks?
Palestinian-Israeli relations remain in a political stalemate. In April 2014, Palestinian feuding factions Fatah and Hamas had reached a reconciliation deal and formed a unity government. Israel imposed sanctions on the Palestinian Authority (PA) freezing tax revenues, accusing Abbas of striking a deal with a terrorist entity — Hamas — and halting peace talks with any Palestinian government including Hamas. Israel, however, maintained security coordination with the PA.
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Will the next Middle East war be about water?
The authority to police the precious waters of the Nile was granted to Egypt in 1929 through an agreement signed by Egypt and Great Britain, ignoring the other ten riparian countries concerned, which were then under British colonial rule. Another agreement, in 1959, involved Britain, Egypt and Sudan.
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Google, YouTube, Samsung are world’s top brands, but how do they do in Middle East?
Based on more than six million interviews over the 12 months to the end of June 2018, rankings for individual countries, including Egypt, Saudi Arabia, and UAE, were published alongside global results.
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Can Saudi Arabia Build a Successful Tourism Industry?
Saudi Arabia wants to lure tourists — and their currency — to the kingdom. The effort is another element of the country's ambitious Vision 2030 reform plan and part of its strategy to bring in more foreign direct investment. The kingdom already hosts millions of pilgrims each year for the Muslim pilgrimage, or hajj, to the cities of Mecca and Medina. But entering the secular tourist trade will be a new experience for the Saudi government, which has previously reserved most of its visas for foreigners coming either to do business or make their hajj.
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