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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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President Obama Arrives Tomorrow to Saudi Arabia for Meetings with King Salman, GCC Leaders
President Obama arrives tomorrow (Wednesday) in Riyadh for meetings with King Salman and other top Saudi government leaders, and to attend a GCC summit meeting. The visit to Saudi Arabia, the President’s fourth trip to the Kingdom, comes amid increased focus on U.S.-Saudi relations. On Monday, the White House expressed confidence that Saudi Arabia would not […]
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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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What to Know About the CBS 60 Minutes on Redacted 28 Pages in House/Senate 9/11 Report
Last night’s report by CBS’s 60 Minutes with correspondent Steve Kroft covered the controversial classified pages of the Joint Inquiry Into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001 report produced by U.S. Senate Select Committee on Intelligence and the U.S. House Permanent Select Committee on Intelligence in December 2002. This report preceded what is known […]
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Saudi Arabia reportedly planning US-style ‘green card’ system as part of strategy to increase revenue
Saudi Arabia is considering setting up a ‘green card’ system, similar to that used in the US, as part of an overall strategy to raise $100 billion in revenues annually by 2020, according to reports. The Deputy Crown Prince “revealed Saudi Arabia’s inclination to introducing a system for residents that is similar to the American […]
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Politico Op-Ed Details Extensive U.S.-Saudi Coordination to Deter Terrorism and Terrorist Financing
Nail Al-Jubeir, director of the information office at the Royal Embassy of Saudi Arabia and brother to Saudi Foreign Minister, Adel Al-Jubeir (previously Saudi Ambassador to the United States), has written an op-ed in Politico on the deep and well-established programs in place to enable the U.S. and Saudi Arabia to work together to “suffocate terrorism.” The op-ed, […]
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Deputy Crown Prince Mohammed bin Salman on U.S.-Saudi Relations: ‘We consider ourselves to be the main ally for the U.S. in the Middle East’
Deputy crown prince Mohammed bin Salman described the U.S.-Saudi relationship as “huge” and reiterated that Saudi Arabia was the main ally for the United States in the Middle East in a recent interview. “Our partnership with the U.S. is huge. Oil is only a small part of it. Oil was just the beginning for us,” […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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Reduced Consumer Spending, M3 Decline Indicates Saudi Economic Slowdown
Central bank data released on Monday shows Saudi consumers withdrew and spent less money in February and a key money supply metric “shrank for the first time since at least 2000,” according to Bloomberg. M3 dropped 0.9 percent from a year earlier last month. According to Reuters, narrower money supply measures M1 and M2 also […]
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MUST-READS
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For Over a Century: Saudi Success in Hajj Management
On February 25, 1925, Sultan Abdulaziz bin Abdul Rahman Al Saud issued a call to Muslims, inviting them to perform Hajj. This was before he was declared King of Hijaz. How did he organize the first Hajj season, and what conditions did pilgrims face? Security was a major concern, along with disease, mistreatment by local authorities, and lack of services.
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‘Unprecedented’: Why Hezbollah threatened to attack Cyprus
Hezbollah chief Hassan Nasrallah on Wednesday threatened an attack on Cyprus, raising fears that a full-fledged war between Israel and Hezbollah could ripple across the Eastern Mediterranean. "Opening Cypriot airports and bases to the Israeli enemy to target Lebanon would mean that the Cypriot government is part of the war, and the resistance will deal with it as part of the war," Nasrallah threatened. Nasrallah's comments are likely to send a shockwave not just through Cyprus, an ethnically divided island nation, but also Greece, a close ally of Nicosia and Israel.
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The power of ‘brandformance’ in the Middle East
A recent eMarketer survey revealed that 56 percent of global brands have experienced improved outcomes by breaking down the conventional barriers between branding and performance and opting for a combined approach known as ‘brandformance’. This strategy can be crucial to the MENA market, which is characterised by fierce competition and a deeply digital landscape.
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A sweltering Middle East cannot afford more power cuts
Blistering summer heat is nothing new in many parts of the Middle East, even in this era of global warming. For centuries, the people of this region have used all their ingenuity and resilience to cope with high temperatures and humidity. From the Sumerians developing advanced irrigation systems to the barjeel system of ventilation, inhabitants of the region have adapted well to the weather. One would have hoped that modern technology such as air conditioning, refrigeration and electric fans would have consigned such struggles to the past. Sadly, for some countries, even in 2024 this is not the case. Mismanagement and corruption plague some nations, compounding the problems of excessive heat.
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Saudi Arabia Dethrones China as Top Emerging-Market Borrower
Overtaking China is meaningful for Saudi Arabia — which has 1/16th of the Asian nation’s the gross domestic product and the drive to become a global business hub by the end of the decade. The latest data suggest improving sentiment as Riyadh seeks funding for projects to diversify the economy from oil and position it as a link between Asia and Europe. Meanwhile, the rest of emerging markets are also witnessing a blockbuster year for bond issuance, amid falling borrowing costs and a hunt for juicy yields.
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HRS to open first hydrogen station in Saudi Arabia
Hydrogen Refueling Solutions (HRS), European designer and manufacturer of hydrogen refueling stations, has announced the first order of a hydrogen station outside of Europe, from a Saudi Arabian developer. The site was ordered by a local national energy company and is set to supply a planned fleet of 20 buses and light vehicles, with construction starting in July. As its first station to be sold outside Europe, this marks a decisive step in HRS's strategy of international development.
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Saudi Wants Family Offices to Help Build Americas Investment
That figure jumped sevenfold to $4 billion through 2023, and should keep growing, said Abdulrahman Bakir, managing director of the Americas for the Saudi Investment Ministry. Key to increasing the two-way flows of money between Brazil and Saudi Arabia — as well as with the rest of Latin America — is connecting institutional investors, private companies and especially family offices, which are multiplying globally and becoming a bigger source of capital, Bakir said.
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Hajj comes to an end officially as pilgrims leave Mina after 4th day’s stoning
Pilgrims who stayed back in Mina on Tuesday night to perform the stoning ritual for the fourth consecutive day, threw pebbles at three Jamarat on Wednesday afternoon. Pilgrims hurled seven pebbles each, first at Jamarat Al-Sugra, then at Jamarat Al-Wusta, and finally at Jamarat Al-Aqaba in a calm and peaceful atmosphere inside the sprawling Jamarat Complex manned by a contingent of security forces, health workers and volunteers.
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Saudi Arabia Inaugurates its Pavilion at Beijing International Book Fair
The Saudi delegation, led by the Literature, Publishing and Translation Commission, includes representatives from various cultural entities, such as the Heritage Commission, the Culinary Arts Commission, the Ministry of Investment, the King Abdulaziz Foundation, the King Salman Global Academy for Arabic Language, the King Abdulaziz Public Library, and the Saudi Publishers Association.
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Saudi Arabia: footballer Paul Pogba performs Hajj
French footballer Paul Pogba has performed the Hajj rituals in Saudi Arabia, accompanied by his wife, Bolivian model Maria Zulay Salaues, who posted pictures of the couple on Instagram “A very emotional and magical place,” wrote Salaues. “Eid Mubarak to all my brothers and sisters, and we ask God to bless us with peace and tranquillity.”
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