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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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Saudi Arabia Makes Diplomatic Push to Warm Ties with Iraq
Saudi Arabia’s Foreign Minister Adel Al-Jubeir made a surprise trip to Iraq on Saturday, the first trip there by a Saudi foreign minister since 1990. While in Baghdad, Al-Jubeir met with Iraqi Prime Minister Haider Al-Abadi and his counterpart, Ibrahim Al-Jaafari. Al-Jubeir said that Saudi Arabia plans to appoint a new ambassador and resume direct flights […]
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Petrochemicals Sector in Saudi Arabia Remains Vital for Vision 2030 Aims
The Petrochemicals sector in Saudi Arabia makes up 60% of the Kingdom’s non-oil exports and remains vital to the Kingdom’s Vision 2030 aims, according to a recent study on the sector released by Jadwa Investment. The sector’s prominence in the non-oil economy means it has been identified by both the National Transformation Program (NTP) 2020 and […]
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“Ken of Arabia” Lands Moelis and Co. as Lead Advisor for Saudi Aramco IPO
Saudi Aramco has chosen New York-based boutique investment bank Moelis & Co as an adviser on its plans for what is expected to be the world’s biggest initial public share offer, Reuters reports. Moelis & Co secured the role of lead independent adviser. The selection is set to move the small newcomer, and its CEO, […]
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Raw Video Emerges of Houthi Attack on Saudi Frigate as U.S. Sends Destroyer to Red Sea
Raw video has emerged online of a Houthi attack on a Saudi frigate that damaged the ship and drew the condemnation of Saudi Arabia and its allies. Suicide boats belonging to the Houthi militias from Yemen struck the Saudi frigate off Hodeida port in the Red Sea. Two crew members were killed and three were […]
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Saudi Restarts Renewable Energy Investment Plans with up to $50b in Solar, Wind by 2023
Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]
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Jeddah Cell Connected to ISIS Busted after Two Saudis Blow Themselves Up During Raid
Saudi Arabia has busted a large terror cell after two Saudis blew themselves up during a gun battle in Jeddah, the Kingdom’s second-largest city. In addition to the two dead, 16 suspected terrorists have been arrested, including three Saudis and 13 Pakistani nationals, according to the Saudi Gazette. The Kingdom has also named the two […]
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Saudi Arabia May Cancel $20b in Projects to Cut Costs, Hires PwC
Saudi Arabia is reportedly working with accounting and consulting firm PricewaterhouseCoopers (PwC) on plans to cancel up to $20 billion of projects as the Kingdom continues to seek ways to cut costs as part of economic reforms, Bloomberg reports. The Ministry of Economy and Planning has appointed PwC to review $69 billion of government contracts and aims […]
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MUST-READS
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Can Nuclear Power Warm Russian-Saudi Relations?
Just weeks ago, Saudi Arabia and Russia traded diplomatic barbs over the conflicts in Yemen and Syria. Now, the world’s two top oil producers have reached a series of agreements spanning everything from housing to space exploration.
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What Would A Saudi-Russian Partnership Mean For World Energy?
Given that U.S. and EU sanctions limit the transfer of new oil and gas technology to Russian state oil firms, the logical conclusion would be that Russia would seek Saudi technology related to enhanced oil and gas recovery and advanced drilling, especially for use in the older fields in West Siberia. With a growing list of global research centers in Beijing, Houston, Aberdeen, Massachusetts and others, Saudi Arabia’s national oil company Aramco is the biggest global investor in new oil and gas technologies.
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Should the U.S. put boots on the ground to fight ISIS?: Brookings Debate
On Wednesday, June 24, Brookings hosted the first in a new series of Brookings Debates to argue both sides of the issue. Arguing in favor were Brookings expert Michael O’Hanlon and Michael Doran of the Hudson Institute, and taking the opposite approach were Brookings’ Jeremy Shapiro and Senator Chris Murphy (D-CT), who is currently working to submit an amendment to prohibit boots on the ground without explicit congressional approval. The event was moderated by Indira Lakshmanan of Bloomberg Business.
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How long is the world fasting this Ramadan? A country rundown
Most countries in the world have 11-16 hours of fasting, including Saudi Arabia at 16 hours and 13 minutes, the United Arab Emirates at 15 hours and 23 minutes, and Kuwait at 15 hours and 59 minutes.
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Commentary | A Saudi Nuclear Weapon?
There are six core components that a country must possess in order to create a nuclear program capable of being weaponized: 1) an adequate educational system, 2) skilled scientists, 3) financial means, 4) technological infrastructure, 5) belief there is a pressing security threat, and 6) the national will and leadership to do so. Saudi Arabia possesses each of these.
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Perspective: Have Israel-US relations reached a new low?
Aaron David Miller, a former US Middle East negotiator, now at the Wilson Centre in Washington DC, told me that Mr Netanyahu's speech to Congress had "created a rift and opened up the field for a degree of criticism of Israel that, frankly, I have not witnessed before in 20-plus years of working for half a dozen secretaries of state".
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Emerging M2M and IoT Solutions in Saudi Arabia: How Can Telcos Capitalize on Growing Opportunities?
"Saudi Arabia is generally a follower, rather than an initiator, in the adoption of new technologies and smart ICT solutions," continues Yalcin. "However, the country is still in the early stages of economic diversification and private sector development; in the future, more opportunities will arise to deploy smart solutions as part of ongoing infrastructure projects."
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Where Did the Saudi Sukuk Go?
When King Salman started Saudi Arabia’s biggest political shakeup in at least a decade, the fate of sukuk sales was probably the last thing on his mind. Half a year into his reign, Saudi companies have yet to market a single security in 2015, making it the country’s quietest start for Islamic sales in nine years, according to data compiled by Bloomberg. King Salman has reorganised his cabinet, removed princes from government roles, merged ministries and realigned succession since ascending to the throne in January.
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When is Ramadan 2015? Saudi Arabia to Look for Crescent Moon on Tuesday
The Supreme Court of Saudi Arabia has asked its citizens to keep an eye out for the crescent moon on Tuesday, which, if sighted, will mark the beginning of the month of Ramadan on Wednesday. If the Ramadan moon is not sighted on Tuesday, the month of fasting will begin on Thursday.
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Inside Mosul: What’s life like under Islamic State?
Exclusive footage reveals how Islamic State wields power over people's everyday lives in Iraq's second city, Mosul, a year after it was captured.
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