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  • Saudi Arabia’s PIF, Japan’s Softbank Team Up to Create a Tech Investing Behemoth
     

    Saudi Arabia and Japan’s SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors. Softbank is creating a new global tech investment fund, seeded with $25 billion of its own money. The fund, which will be London, UK based […]

     
  • Yemen’s Houthis Fire Another Missile into Saudi Arabia as Kingdom, Iran Spar at UN over War
     

    Saudi Arabia says it has shot down a ballistic missile fired into the Kingdom by Houthi rebels and their Iranian allies in the latest incident in Yemen’s civil war that has raged for nearly 19 months. The missile targeted the southwestern city of Khamis Mushait and was destroyed Tuesday night without causing any injuries, the Saudi Press […]

     
  • Saudi Arabia Switches to Gregorian Calendar
     

    Saudi Arabia has shifted to the Gregorian or “Western” calendar as a basis for paying civil servants as part of broader fiscal changes, according to reports. The kingdom adopted the lunar Islamic calendar when it was founded in 1932, but the change places its payment schedule in line with the West. It also brings civil […]

     
  • Saudi Arabia’s Foreign Ministry Criticizes JASTA, Congress Weighs Adjustment of Law
     

    Although the Congressional override of President Obama’s veto on the controversial Justice Against Sponsors of Terrorism Act (JASTA) was anticipated, it’s reality has proved shocking to U.S. leaders as well as countries globally.  Saudi Arabia’s foreign ministry has issued a statement strongly condemning the legislation and noted, as has been done frequently in the run-up […]

     
  • Jadwa Investment Report Looks at ‘Significant Implications of Vision 2030 on Trade and Financial Flows’ for Saudi Arabia
     

    A recently released Jadwa Investment report researches the impact that Vision 2030 is likely to have on international trade and investment flows with Saudi Arabia. This report looks at the evolution of the current account for the period 2016-30, which is forecast to reach a surplus of $135 billion (8 percent of GDP) by 2030. “While oil export […]

     
  • Deputy Crown Prince Mohammed bin Salman Cracks Bloomberg’s 50 Most Influential in Finance
     

    Saudi Deputy Crown Prince Mohammed bin Salman has been ranked 42nd Bloomberg’s list of the 50 Most Influential People in the world of finance. Bloomberg said that the 31-year old prince has drawn up a plan to transform the world’s biggest crude exporter into a diversified economy fit for the next era, almost eight decades after […]

     
  • New Desalination Technology at KACST in Saudi Arabia ‘Opens Doors to Higher Worldwide Clean Water Sources’
     

    The first worldwide adsorption water desalination and cooling plant has been successfully implemented by King Abdulaziz City of Science and Technology (KACST) in August 2016, the university said in a press release, as the Kingdom continues to be a global leader in desalination technology. Adsorption Desalination and Cooling (ADC) is a newly invented technology, co-owned […]

     
  • President Obama to Veto JASTA Bill
     

    White House Press Secretary Josh Earnest said on Monday that U.S. President Barack Obama will veto the controversial Justice Against Sponsors of Terrorism Act (JASTA) passed by congress last week, setting up a showdown with Congress. Earnest reiterated the White House’s fear that the measure would expose U.S. citizens to legal action overseas if foreign countries pass […]

     
  • Hajj 2016 Begins: Millions Gather in Saudi Arabia
     

    An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from more than 150 countries will embark on […]

     
  • U.S. House to Allow Vote on Controversial JASTA Bill This Week
     

    The U.S.  House of Representatives will vote this week on a bill allowing the families of 9/11 victims to sue Saudi Arabia in U.S. courts, a Republican leadership source told Politico Wednesday. The highly-politicized Justice Against Sponsors of Terrorism Act (JASTA) bill, which President Obama said would receive his veto should it make it to […]

     

MUST-READS

  • Healthcare
    MENA, birthplace for a digital health revolution?

    Healthcare proves both a critical and rapidly growing sector in the Middle East and North Africa, with demand far outpacing supply owing to the growing population and shifting disease demographics, the latter largely prompted by sedentary lifestyle habits resulting in the rising prevalence of obesity, diabetes and cardiovascular diseases. In 2011, approximately 27 million people in the region had diabetes according to the International Diabetes Federation. In barely four years, that number has already risen to 37 million, and IDF estimates nearly 68 million diabetes sufferers by 2035.

  • Islamic Finance: Sukuk
    Saudi Politics Blamed as Market Asks Where Did All the Sukuk Go?

    “The dramatic political changes have put the private sector on hold,” Ghanem Nuseibeh, the founder of Cornerstone Global Associates, which advises clients on risk in the Middle East, said by phone from London on May 24. “Because the private sector relies heavily on government grants and subsidies, there’s a strong link between the two.”

  • Saudi Aramco
    What Is The Future For Saudi Aramco?

    One of the biggest reasons for Aramco’s restructuring would be to become a more commercially-driven organization, whose aim is to maximize its financial value and compete directly with big oil firms on a global level. The separation from the Oil Ministry could reduce political meddling and provide more leeway for the company to make commercial decisions. Also, the restructuring of its oil ministry would signify a generational shift and create a new vision for how the government develops its future energy and economic strategies.

  • Nuclear Weapons
    Is Saudi Arabia seeking nuclear weapons from Pakistan?

    A Saudi defense official on Tuesday dismissed as "speculation" a media report that Saudi Arabia is seeking to acquire nuclear weapons from Pakistan amid growing fears of a nuclear-armed Iran.

  • Women in the Middle East
    What’s It Like to Be a Female Journalist in the Middle East?

    Ruby-red fireworks tore through Cairo's sky and victorious chants pierced through Egypt's famed Tahrir Square on the night of Feb. 11, 2011. A sense of euphoria, of endless possibility, hung in the air. After weeks of heady, deadly protests, Egyptian president Hosni Mubarak had finally resigned. And as a journalist, I was blessed with a front-row seat to history being made.

  • Foreign Workers
    Will nationalization policies in Saudi Arabia impact migrants and remittance flows?

    At least in the short- term I still expect no major impact on the job prospects for migrants in Saudi Arabia. The country will continue to issue a large number of work visas in order to alleviate labor shortages and diminish the negative impacts on businesses.

  • Vatican and the Middle East
    What’s driving Pope Francis’ Middle East diplomacy?

    From the beginning of his papacy Pope Francis hasn't hesitated to jump into the bloody politics of the Middle East, starting with his September 2013 appeal for a day of fasting and prayer to protest the planned US military strikes on Syria. Since then he has recognized the Armenian slaughter of 1915 as a genocide and repeatedly called for peace in the region, all in the name of defusing conflicts that threaten to tear apart a rich mosaic of cultures in which Christians once thrived.

  • Syria
    Is Syria’s war edging towards an outcome?

    Some military analysts believe the regime, crippled by manpower shortages too severe for Hezbollah and other Iranian-backed Shia forces to compensate, is already preparing to shorten its defence lines by pulling out of the south and other areas deemed non-core, which could even include the government-controlled half of Aleppo in the north.

  • Anti-ISIS Campaign: Air War
    $2.1 Billion Spent & 9 Months In: How Goes the Air War Against ISIS?

    Meanwhile, the U.S. military has documented that lots of people and things are being destroyed. For a military that often claims it does not do “body counts,” it has done so repeatedly. Most recently, General Austin declared in March that 8,500 IS militants had been killed. The Pentagon lists more than 6,000 IS targets as having been destroyed.

  • War in Yemen
    Did Malaysia Just Join the Saudi-Led Coalition in Yemen?

    Malaysia’s defense minister Hishammuddin Hussein subsequently clarified on Twitter that Malaysia was not sending troops to Yemen after all, but only sending personnel and equipment to Riyadh to assist in humanitarian and evacuation operations. There are still Malaysian students in Yemen.