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Major Reduction in Quarterly Budget Deficit Figures a Positive for Kingdom’s Economic Reforms
In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia’s budget deficit from Q1 2017, a sign that the Kingdom’s economic reforms coupled with an uptick in oil prices have positively impacted the government’s balance sheet. According to Saudi Arabia’s finance ministry and as reported in Bloomberg, […]
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Plans Move Ahead for Saudi Arabia’s ‘Fannie Mae’ Mortgage-Refinancing Firm
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports. In 2015, Bloomberg and Reuters reported on Saudi Arabia’s plans to work with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and […]
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7 Major Changes to the Kingdom of Saudi Arabia that Happened This Weekend and What They Mean
Over the weekend, Saudi Arabia’s King Salman announced a series of major changes to key leadership positions, a new “national security center” for Saudi Arabia that is affiliated with the Royal Court, and more. Here’s what is different now for Saudi Arabia and what those changes mean for the Kingdom, U.S.-Saudi relations and Saudi Arabia’s […]
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Saudia Chief Al-Shibl: Saudi Arabian Airlines is Seeking to Become the Largest Carrier in the Middle East
Saudi Arabian Airlines is seeking to once again become the largest carrier in the Middle East and efforts are underway toward achieving this goal, Dr. Ghassan Al-Shibl, chairman of the board of Saudia told Asharq Alawsat around the U.S.-Saudi Arabia CEO Summit. Al-Shibl said that Saudia has reached a deal that will see the state-owned airline purchase 30 […]
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FULL TEXT: Secretary of State Rex Tillerson’s Remarks at the U.S.-Saudi Arabia CEO Summit
Full text of the Secretary of State’s remarks at the U.S.-Saudi CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce. *** SECRETARY TILLERSON: (Applause.) Well, thanks so much, Tom, and good afternoon to all of you. And Tom and I are old […]
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Demand for Homes in the Kingdom Soars, But Supply Falls Short
Saudi Arabia needs to build nearly 414,000 houses this year to meet the needs of its rapidly growing population, a report in Zawya.com said, citing a report in the Arabic language daily Al-Madina which based the information on official statistics from the Saudi Ministry of Housing. The Kingdom must play catch up in order to meet […]
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In Shift from Obama, Trump to Host Egypt’s President Sisi at the White House for Lengthy Lunch Meeting
Egypt’s strongman president Abdul Fattah al-Sisi will visit the White House for the first time since he led the military’s overthrow of his predecessor in 2013, marking a shift in U.S. policy under President Obama who never invited him to the White House. President Trump “wants to use President Sisi’s visit to reboot the bilateral relationship and […]
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The U.S. is ‘Significantly Increasing’ Support for the Saudi-led Coalition in Yemen as Conflict Enters Third Year
The Trump administration has “significantly increased” military support for the Saudi-led coalition fighting al Qaeda and Iranian-backed militias in Yemen, the Wall Street Journal reports. The increase in support by the Trump administration raises the stakes for the United States in the war in Yemen, now entering its third year. It also continues a warming trend in […]
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London Parliament Attacker Traveled to Saudi Arabia Three Times, was ‘Not on Security Services’ Radar’
The man who killed four people outside Britain’s Parliament building was in Saudi Arabia three times and taught English there, the Saudi embassy in the UK said in a statement released Friday. Khalid Masood taught English in Saudi Arabia from November 2005 to November 2006 and again from April 2008 to April 2009. The embassy […]
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JASTA Kicks in as Relatives of 9/11 Victims Sue the Saudi Government
The families of more than 2,000 victims of terrorism have filed a civil lawsuit against the government of Saudi Arabia, hoping for restitution for the September 11, 2001 attacks on the United States. The lawsuit follows the passing of the JASTA law permitting such lawsuits, which was vetoed by President Obama before his veto was overridden. […]
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Israel assures US it won’t strike Iranian nuclear or oil sites, US officials say
The Biden administration believes it has won assurances from Israel that it will not hit Iranian nuclear or oil sites as it looks to strike back following Iran’s missile barrage earlier this month, two U.S. officials said Tuesday. The administration also believes that sending a U.S. Terminal High Altitude Area Defense battery to Israel and roughly 100 soldiers to operate it has eased some of Israel’s concerns about possible Iranian retaliation and general security issues.
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The Sahara Desert flooded for the first time in decades. Here’s what it looks like
Striking images from the Sahara Desert show large lakes etched into rolling sand dunes after one of the most arid, barren places in the world was hit with its first floods in decades. The Sahara does experience rain, but usually just a few inches a year and rarely in late summer. Over two days in September, however, intense rain fell in parts of the desert in southeast Morocco, after a low pressure system pushed across northwestern Sahara. Preliminary NASA satellite data showed nearly 8 inches of rain in some parts of the region.
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Saudi Arabia to open four airports for private sector by 2025
He stated that Saudi Arabia is set to become one of the world’s largest producers of green energy. Additionally, he emphasized the importance of regionalizing supply chains, with plans to establish centers for logistics supply chains in the kingdom.
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Preview: Saudi Arabia Target Crucial Win Against Bahrain in World Cup Qualifier
Saudi Arabia, under coach Roberto Mancini, look to end a three-match winless run at home. They previously suffered defeats to Jordan and Japan and settled for a draw with Indonesia. This match provides an opportunity for Saudi Arabia to regain form and push for qualification.
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Odds rising that Saudi Arabia may ‘open floodgates’ on oil production – report
"Although the focus in the oil market has shifted to geopolitical risks and potential short-term supply disruptions, just as importantly, we think the possibility that Saudi Arabia could open the floodgates has increased in recent weeks alongside reports of deteriorating cohesion among OPEC+ members," Capital Economics climate and commodities economist Kieran Tompkins wrote, adding the OPEC+ meeting scheduled for December 1 "could be a potential flashpoint."
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Weekly Briefing: Iran’s growing burden of confronting Israel
Iranian media headlines from last week vividly demonstrated the hard choices before Tehran as Iran confronts the specter of possible war with Israel and its allies. The contrasting realities exemplify the pressures Iran’s leadership is under in terms of choosing the immediate and narrow national security interests, namely focusing on saving the economy and avoiding war, versus insisting on core Khomeinist convictions of confronting Israel and the United States.
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Lina Khatib: War Spreads to Lebanon
This has been one of the biggest blows to Hezbollah morally. He's been in charge for 30 years, but the cultivation of the image has really taken off since 2006, so we're talking about almost two decades of this person being presented as almost superhuman. His image had been tightly linked to that of Hezbollah itself, so that, in the eyes of many supporters of Hezbollah, Nasrallah represented strength, resilience, victory, and all those qualities that Hezbollah wanted associated with itself. At the morale level, having this figure eliminated is a huge blow.
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Iran Might Reevaluate its Strategy
The relative failure of Iranian missile strikes has significantly eroded the value of Tehran’s enormous investment in its missile and drone technology and raised serious questions among Iran’s regional allies about the ability of Tehran to come to their defense.
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Day One Problems: Yemen
On January 20, 2025, either Vice President Kamala Harris or former President Donald J. Trump will be sworn in as the next president of the United States. Whoever takes the oath of office that day will face a host of national security challenges, from the war in Ukraine and China’s growing belligerency to the Israel-Hamas conflict, Iran, and a metastasizing terrorist threat. Somewhere on that list will also be the Houthis, the Iranian-backed militia that controls northern Yemen and, for much of the past year, has been attacking commercial shipping in and around the Red Sea.
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US warns Israel to stop blocking aid to Gaza
After Israel sharply cut aid to Gaza in September and brought it to a total halt the first two weeks of October, the United States has formally warned Israel that it has 30 days to rapidly surge the amount of humanitarian aid allowed into Gaza, or risk being deemed in violation of US laws making it eligible to receive US military assistance.
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