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Saudi Non-Oil Exports Drop, Imports Grow in 1Q 2015
Latest figures released by Saudi Arabia’s Central Department of Statistics show Saudi nonoil exports dropped by 14.5 percent, to $12.5 billion in the first quarter of 2015 compared to 1Q 2014. Meanwhile, Saudi imports are up by 6.88% in the first quarter of this year, to $43 billion. Plastic and rubber products topped the Kingdom’s list […]
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Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up. Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]
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A Saudi-Russia Thaw?
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade and SUSTG Host Shura Delegation in Washington
Members of Saudi Arabia’s Shura Council visited Washington, D.C. last week for meetings. The delegates represented the Saudi-U.S. Parliamentary Friendship Committee of the Majlis Al-Shura which makes regular visits to the United States in support of the U.S.-Saudi relationship. The Shura delegates and invited guests were hosted at the U.S. Chamber of Commerce for a […]
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Video: CEO of Saudi Stock Exchange Adel Saleh Al-Ghamdi Speaks with CNBC as Saudi Bourse Opens
Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh. The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy. “The reason is not really […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade to Host Private Roundtable Luncheon with Visiting Shura Council Members in Washington
This week, members of Saudi Arabia’s Shura Council will attend a private roundtable luncheon at the Washington Headquarters of the U.S. Chamber of Commerce as part of the delegation’s outreach to the U.S. business community. Organized by the U.S. Chamber of Commerce, the Committee for International Trade (CIT) of the Council of Saudi Chambers, and […]
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IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
Defense consultancy IHS Jane’s says Saudi defense spending will be $48.7bn in 2015, a 2 per cent contraction over last year but will reach $62bn by 2020. Craig Caffrey, IHS principal defence budget analyst, said “We certainly expect a significant slowdown in the short term but longer term prospects remain strong,” The Financial Times (paywall) reports. “ “The Kingdom has […]
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The Open Air Art of Jeddah, Saudi Arabia
The British newspaper The Guardian profiles a new book that examines the open-air artworks created by world-famous artists in the 1970s in Jeddah, Saudi Arabia, and the city’s recent push to restore and feature them. “From Joan Miró to Jean Arp and Henry Moore, the Saudi city was a magnet for big names in art […]
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Video: Daesh Claims Second Mosque Attack in Saudi Arabia that Kills 4
A suicide bomber affiliated with the self-styled Islamic State, or Daesh, attacked a mosque in Saudi Arabia for the second time in a week on Friday, killing 4. The attack comes a week after another terrorist attack in Saudi Arabia’s Eastern Province that killed 21 worshippers and injured over 100 others. عاجل فيديو: لحظة تفجير مسجد […]
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MoE, SAMA to Provide 5,000 Scholarships and Jobs to Saudi Students
The Ministry of Education and the Saudi Arabian Monetary Agency (SAMA) agreed to provide 5,000 Saudi students with scholarships and jobs in the insurance and financial sectors, according to reports, the latest move by the government to boost education for Saudi Arabia’s surging youth population. The move by SAMA will both grant scholarships to Saudi students […]
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MUST-READS
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Male colleagues? 47% Saudi women have no problem
About 47 percent of Saudi women say they have no problem in working with male colleagues, while 44 percent of Saudi men would not prevent their female relatives from working with male colleagues and customers, a recent survey conducted by Khadeeja bint Khuwailed Center has revealed.
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What’s the Plan? The NATO Coalition in Afghanistan
During my recent trip to Afghanistan, there was a constant theme throughout all of our meetings and briefings: disagreement with stated U.S. plans to remove all of its troops from theater by the end of 2016. While I fully expected to hear some apprehension voiced in certain circles, I was struck by the unanimity of this sentiment across the spectrum of our interactions.
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What’s behind Saudi’s oil policy? Time for the conspiracy theorists to have their say
If Saudi Oil Minister Ali al Naimi (pictured below) wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late.
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What will Saudis do when the oil runs out? Twitter hashtag explores the question
What will happen to Saudis and Kuwaitis when they run out of oil? An Arabic hashtag expressing that fear has now been used a million times.
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Can Saudi Arabia keep ISIS out?
We flew over the Arabian Desert to see the new, 600-mile long border fence that's protecting Saudi Arabia from ISIS. On the other side is the chaos of Iraq, where ISIS is waging a brutal war. The Saudis are using radar and infrared cameras to make sure it doesn't spill across the frontier.
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Opinion: Who are the winners and losers from the Arab Spring?
Islamic State is being beaten back in Iraq, President Assad is getting the upper hand in Syria, Egypt is under military control again, and Libya is in a state of complete chaos.
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What’s the Plan? The Afghan Government
Following an election dispute that took up the bulk of 2014, the newly inaugurated Afghan unity government led by President Ashraf Ghani and CEO Abdullah Abdullah now must engage in the process of building a government. The degree to which the two camps can avoid infighting and settle on appointments will determine Afghanistan’s prospects for near- and medium-term stability. Meanwhile, a longed for but tricky reform agenda is beginning to take shape. But will it over promise and under deliver?
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An Oil Price ‘Cold War’ With Saudi Arabia? Experts Disagree
It’s an oil-wrestling match – but it might only be as real as the WWE. Last week, Saudi Arabia slashed its crude oil prices for the second month in a row – and unlike the last discount, this was exclusively for the U.S. market. Saudi oil minister Ali Al-Naimi, the country's top energy official, attends a meeting Sept. 11 in Kuwait. Some experts declared it the start of a “cold war” with Saudi Arabia, as described by two University of Texas professors in an op-ed in the Dallas Morning News. Other analysts, however, contend that the Saudis are merely trying to defend against other exporters to the U.S.
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How Does ISIS Fund Its Reign of Terror?
So how can ISIS, cut off from the rest of the world by financial and trade sanctions, and under daily aerial and land bombardment by some of the richest countries in the world, afford to maintain a well-armed military and pay other bills?
- Al-Bawaba - Peshmerga official optimistic about advances on ISIL, calls for more help
- Daily Beast - ISIS Has 9,000 'Core Fighters.' Or Maybe 17,000. Or Possibly 30,000.
- Washington Post - In Iraq, Islamic State fighters seize Sunni tribesmen for resisting rule
- Informed Comment - Unlikely Cavalry: Iraq’s Sunni Tribes Split on ISIL, Pursue own Feuds
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Why Can’t the Pentagon Kill the Islamic State’s Top Commanders?
Since the Obama administration's bombing campaign began in Iraq on Aug. 8, the United States has not conducted what's called a "decapitation strike," an attack specifically aimed at taking out a member of the Islamic State's senior military commanders. The tactic's absence from the military campaign is particularly glaring because hunting high-value militants has become a cornerstone of the Obama administration's counterterrorism strategy in other parts of the world.
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