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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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Saudi Defense Ministry’s Ideological Warfare Center Combats ISIS’ False Narrative
Saudi Arabia has established an Ideological Warfare Center (IWC) to combat the narrative put forth by extremist groups like ISIS and Al-Qaeda, and to combat extremism at its ideological roots. The IWC is affiliated with the Saudi Ministry of Defense, run by Deputy Crown Prince Mohammed bin Salman, and officially aims to “confront the roots of extremism […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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Is a Political Solution to the Yemen Conflict on the Horizon?
The Saudi-led coalition is “now looking for a political solution rather than a military operation to take Yemen’s Red Sea port of Hodeidah,” former US officials who work on Yemen told Al Monitor‘s Laura Rozen. The possible breakthrough could avoid a military escalation to take the Houthi-held strategic port, which would make the catastrophic food shortage […]
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HSBC, RBS to Discuss Potential Merger to Create 3rd Largest Lender in Saudi Arabia
For sale stakes in two Saudi banks pose risks and opportunities for buyers as Saudi Arabia pushes forward with massive economic and social reform plans. One of those for sale stakes in Alawwal Bank may have found an interested buyer. HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s Saudi Arabia ventures are exploring a […]
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U.S. Secretary of Defense Jim Mattis Arrives in Saudi Arabia; First Top Trump Administration Official to Visit Kingdom
U.S defense Jim Mattis arrived in Saudi Arabia today, his first stop on a tour through the Middle East that will “focus on the fight against Islamic State and articulating President Donald Trump’s policy toward Syria,” Reuters reports. وزير الدفاع الأمريكي #جيم_ماتيس يصل #الرياض في أول زيارة لل #السعودية منذ توليه مهامه pic.twitter.com/Bp8RiYRlQp — U.S. […]
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Event Announcement: Vision 2030: One Year into Saudi Arabia’s Economic Reforms – A Discussion with Saudi Minister of Commerce Dr. Majed Al-Qassabi
Saudi Arabia’s ambitious Vision 2030 plan to reform the Kingdom’s economy was introduced almost one-year ago on April 26th, 2016. While it may take years or even decades to accurately measure the program’s successes and shortcomings, it is not too early to assess early progress with the critical initiative. Vision 2030: One Year into Saudi Arabia’s Economic […]
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Saudi Arabia Arrested 77 Suspected Terrorists Last Month
Saudi security forces arrested 77 terror suspects in March, according to an updated list posted on the Interior Ministry’s Nafethah Tawasol website and as reported in the Jeddah-based Saudi Gazette. The suspects belong to nine nationalities — 53 of them are Saudis. The others included 16 Turks, two Syrians, one Bengali, an Egyptian, an Indian, […]
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Saudi-American Healthcare Forum Set for April 23-26, 2017 in Riyadh
Under the patronage of H.E. Dr. Tawfiq bin Fawzan Al Rabiah, Saudi Arabia’s Minister of Health, organizers of the upcoming Saudi-American Healthcare Forum seek to build on the momentum established by previous events. The event, with the theme of Mapping the 2030 Transformation of the KSA Healthcare Sector: “The Road to Privatization,” will take place at the Ritz Carlton Riyadh […]
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U.S. Military Footprint Growing in the Middle East
Two months after the inauguration of President Trump, indications are mounting that the United States military is deepening its involvement in a string of complex conflicts in the Middle East – including in Yemen – that lack clear endgames, the New York Times reports in a detailed look at U.S. escalation in regional conflicts. According […]
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MUST-READS
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Green Peace: How the Fight Against Climate Change Can Overcome Geopolitical Discord
The challenges facing the clean energy transition are real, but the impulse to pull back is misguided. Now is the time for more ambition, not less. As carbon emissions continue to rise, mitigating the dire threat of climate change requires much faster decarbonization than is currently underway. But this is not the only reason to hasten the transition.
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Israel may have violated laws of war in Gaza, UN rights office says
Israeli forces may have repeatedly violated the laws of war and failed to distinguish between civilians and fighters in the Gaza conflict, the U.N. human rights office said on Wednesday.Separately, the head of a U.N. inquiry accused the Israeli military of carrying out the "extermination" of Palestinians.In a report on six Israeli attacks that caused many casualties and destroyed civilian infrastructure, the U.N. human rights office (OHCHR) said Israeli forces "may have systematically violated the principles of distinction, proportionality, and precautions in attack".
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The 5 countries millionaires are leaving the most — and the 5 they’re going to
A new analysis by Henley & Partners, an investment migration consultancy firm, projects that a record number of millionaires and billionaires will migrate to new countries in the coming year.
“An unprecedented 128,000 millionaires are expected to relocate worldwide this year, eclipsing the previous record of 120,000 set in 2023,” Dominic Volek, the group head of private clients at Henley & Partners, said in a statement.
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The significance of crafting content that resonates with Saudi audiences
With an estimated advertising market of around US$2 billion in 2023, Saudi Arabia leads the region in advertising spending.
The forecasted growth to exceed US$12 billion in the MENA region by 2024 underscores the country’s significant contribution to the region’s advertising landscape.
Saudi Arabia’s early adoption of digital transformation and its position as a global leader in social media penetration align with the growth trends seen globally in digital and social media advertising.
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Working Women Are Changing Saudi Arabia
The government’s subsequent campaign to push the private sector to start creating more jobs for Saudis had the unexpected effect of increasing opportunities not only for men but also for women, who joined the workforce in numbers that shocked policymakers: as of 2023, 31 percent of Saudi women were employed. This shift is remolding both the economy and society: Saudi women are becoming a source of tremendous economic potential and a visible and powerful presence across public life in the kingdom.
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These are our Most Creative People in Business 2024
In its third edition, Fast Company Middle East’s Most Creative People in Business is honoring 43 creatives and innovators across various sectors, from entrepreneurs, artists, designers, government officials, sustainability champions, and more.
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Hevolution announces $400 million surge in healthspan funding
Hevolution Foundation, a global nonprofit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, has announced it has committed $400 million to healthspan sciences over the last 21 months, a move that positions the Foundation as the world’s largest philanthropic funder of geroscience.
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Saudi Arabia’s US$10 billion investment to tackle food security
The Saudi Agricultural Development Fund plays a crucial role by supporting local farmers with substantial loans, focusing on staple crops such as barley, maize, and soybeans. These efforts are integral to reducing reliance on imports and ensuring a steady supply of essential commodities.
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Everything you need to know about the six candidates in Iran’s presidential election
Due to the unexpected death of former President Ebrahim Raisi (1960-2024) in a helicopter crash on May 19, the Islamic Republic of Iran will hold presidential elections on June 28. Out of the eighty candidates who registered to run, the Guardian Council, a vetting body, approved only six presidential candidates. Five of these candidates are hardliners, with three already on various Western sanction lists, and one is a reformist. The election may proceed to a second round if the reformist candidate can successfully mobilize a significant portion of the discontented populace.
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Globalization Is Not Dying. It’s Everywhere.
Trade, however remains, a dominant indicator in the public debate. The World Trade Organization forecasts an uptick in merchandise trade by 2.6% in 2024, accelerating to 3.3% in 2025. The year 2022 saw a record-breaking year for world trade, hitting $32 trillion. Ironically this was the same year that the de-globalization debate gathered pace and became a regular set piece at conferences like the World Economic Forum in Davos or the Milken Institute.
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