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  • Unpacking Saudi Arabia’s $4B online fashion opportunity

    Saudi Arabia is set to shake up global e-commerce, with online fashion sales predicted to grow from $2.34 billion in 2023 to $4.08 billion by 2027, up 74 percent. According to a 2024 report by the Saudi Fashion Commission, the country is uniquely positioned compared to China, the US, and Europe, which are currently the most prominent e-commerce markets globally.

  • Understanding the Growing Collaboration Between Russia and Iran

    It seemed that over the previous decade, Russia had played a productive role when it came to the JCPOA negotiations that were trying to constrain Iran's nuclear program. Russia had a solid relationship, if not warm relationships with Israel. It wants to have positive relationships with the Gulf states. But since the war in Ukraine happened, there've been shifts. Maybe you could outline those.

  • The US is leaving, China is coming, and other overused tropes.

    There is a massive over-emphasis on what China does in the Middle East and a massive under-emphasis on what the US does here, and it makes for weak analysis. I saw a piece last week that tried to explain the China-Bahrain comprehensive strategic partnership with a similar logic: Bahrain did this because its leaders have concerns about the US commitment to the region, because they are pursuing a multi-alignment strategy (we should all agree to dispose of the word multi-aligned, which essentially means ‘not aligned), and because they are hedging. Nothing about the enhanced US-Bahrain security deal that was signed just last September. Nothing about the significance of the US Fifth Fleet based in Manama. Nothing about the defense cooperation agreement that has been in place since 1991.

  • The Houthis Escalate and Expand the War

    On June 6, the Houthis arrested several United Nations and international nongovernmental organization employees, linking them to what the group called an “American-Israeli spy cell.” Six days later, the Houthis claimed their first successful drone boat attack, striking the Greek-owned bulk carrier Tutor off the coast of Yemen in the Red Sea. At the same time, after a dip during Ramadan, Houthi attacks on commercial shipping in and around the Red Sea are again on the rise. U.S. intelligence reports suggest the Houthis are, once again, reaching out to al-Shabaab in Somalia about weapon transfers, and the group continues to look for ways to expand its reach, threatening ships as far away as the Mediterranean. These recent developments indicate the Houthis are escalating and looking to expand their war with the United States.

  • UAE to attract 6,700 new millionaires this year with Golden Visas and zero-income tax as rich Indians, Brits and Africans plan moves

    The UAE will attract more new millionaires this year than any other country, according to the Henley Private Wealth Migration Report 2024. Millionaires from the UK, India and Africa re being lured by a combination of golden visas, low tax, enviable lifestyle and a strategic location, said the report.
    For the third year running, the UAE looks set to take first place as the world’s leading wealth magnet, with a record-breaking 6,700 moneyed migrants expected to make the Emirates home by the end of the year.

  • 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.

  • 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".

  • 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.

  • 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.

  • 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.