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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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Sfakianakis: “The choices now being made stand to alter the face of the kingdom”
In a opinion piece in the London-based Financial Times (paywall), veteran banker in Saudi Arabia Dr. John Sfakianakis writes that tough decisions loom for the Kingdom’s leaders with regard to oil and energy use. “When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to […]
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Reaction: GCC Camp David Summit ‘Exceeded Expectations’, Indicates ‘Clear and Continuing Commitment’ between U.S., Gulf Partners
Reaction from officials and analysts after last week’s U.S.-Gulf Cooperation Council (GCC) meeting indicate that President Obama’s outreach to leaders helped to shore up the U.S.-GCC alliance. “The countries of the Gulf Cooperation Council (GCC) may not have gotten what they wanted from the Obama administration this week, but they appear to have gotten some […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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French President Hollande in Riyadh for Talks on Regional Issues with GCC Leaders
French President François Hollande arrived in Riyadh for talks on regional issues in what a French diplomat told Reuters was an indication to the United States that the Saudi-French alliance was strong and getting stronger. According to Reuters, Hollande met Salman “for an hour after dinner at his personal palace on Monday, and the Saudi cabinet […]
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Jadwa Investment May 2015 Chartbook: SAMA Reserves Fall on Government Spending, Consumer Data Healthy
Jadwa Investment’s recently released May 2015 Chartbook found a decline in Saudi Arabian government reserves for a 6th straight month and overall healthy consumer consumption data. In March, net government accounts with SAMA fell by a total of $9.5 billion (SR 35.7 billion), continuing a negative monthly change for the sixth consecutive month, the Riyadh-based investment […]
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Lockheed, Arabsat/KACST in Satellite Deal to Boost Media in Saudi Arabia and Middle East
Arabsat and King Abdulaziz City for Science and Technology (KACST) announced in a press release today contracts for Lockheed Martin to manufacture two A2100 communications satellites, in a bid to provide TV, internet, telephone and secure communications to customers in the Middle East. “The two satellites ordered by Arabsat will strengthen the Arabsat fleet to […]
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Why California Can Learn from Saudi Arabia’s Water Challenges
California has serious water challenges as Governor Jerry Brown issued a mandatory restriction on usage for the first time. Writing on revealnews.com in an excellent in-depth examination between the two countries, Nathan Halverson notes that Saudi Arabia’s challenges with water present lessons for the largest state in the U.S. Halverson dives into the history of […]
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Strategic Pivot in Yemen Campaign as Saudi Announces Halt in Airstrikes
Saudi Arabia has announced a phase shift in its 27-day long airstrike campaign on Houthi positions in Yemen “at the request of Yemen’s President Hadi, the official SPA, SUSRIS and other outlets are reporting. But not long after the announcement, reports indicate that the battle continues on in Yemen. Saudi airstrikes continued following a rebel […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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MUST-READS
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Settler terrorism: Palestinians are becoming prisoners in their own homeland
The recent surge of settler terrorism and violence in the occupied West Bank is the inevitable culmination of years of policy decisions. Over the past decade, successive Israeli governments have unabashedly armed settlers, effectively equipping them to carry out their own brand of intimidation and aggression. National Security Minister Itamar Ben Gvir’s recent decision to distribute even more weapons in the wake of the events of 7 October is simply another chapter in this grim saga.
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Opinion: The Coming Arab Backlash Middle Eastern Regimes—and America—Ignore Public Anger at Their Peril
It is difficult to exaggerate the extent to which Arabs blame the United States for this war. They can see that only U.S. weapons sales and United Nations vetoes allow Israel to continue its war. They are aware that the United States defends Israel for actions that are the same as those the United States condemned Russia and Syria for.
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Middle East Biennale pavilions challenge entrenched views of women
Saudi Arabia and Lebanon's installations at the Venice Biennale seek to redress the balance by questioning masculine views and Western myths surrounding the portrayal of women in Middle Eastern societies.
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Chipotle kicks off Middle East expansion with first Kuwait restaurant
Chipotle Mexican Grill Inc. has opened a location in Kuwait, marking its first restaurant in the Middle East and the first time Chipotle has entered a new country in 10 years. The Kuwait City restaurant has been operating with adjusted hours since the beginning of April to account for holidays and staff training, Chipotle CMG, +0.53% said, in a statement. The restaurant’s official grand opening will be on April 23.
Last year Chipotle announced a partnership with franchise retail operator Alshaya Group to open restaurants in the Middle East. In Monday’s statement announcing the new location, Chipotle said that Alshaya Group will open the company’s first Dubai location later this year. Alshaya Group is expected to open total of four new restaurants this year, the company said. -
GCC economies to forge ahead despite geopolitical risks
The growth forecast for the Middle East and Central Asia was revised slightly lower – to 2.8 per cent in 2024, from 2.9 per cent in January – largely due to the impact of conflict on trade and economic activity, as well as high debt levels in low-income countries in the region. The latter was also the focus of a World Bank report released last week.
However, the outlook for the GCC economies remains relatively robust, with non-oil growth forecast at 3.6 per cent this year and a predicted headline gross domestic product growth of 2.4 per cent.
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The world must adapt to a new generation of GCC sovereign-owned investors
Instead of recycling revenues from oil exports into, say, US Treasuries for future generations, sovereign wealth is being used to kick-start a regional economic and infrastructure transformation, both through regional investment and international tie-ups. They are seeking to achieve their objectives by sharpening their strategies, investing in human capital (with both homegrown talent and expatriates) and hiring the world’s best advisors.
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Iran’s military stays on ‘high alert’ as diplomacy ‘relies on Gaza’
While details remain unclear, Israel is suspected of having targeted military sites in central Iran and early warning facilities in Syria. The Iranians were informed that there would be Israeli activity via two regional channels carrying a message from the US, Amwaj.media has learned. Speaking on condition of anonymity, an Arab diplomatic source alleged that Israel was planning to strike earlier this week, but that the targets it chose were vetoed by the Joe Biden administration. Amwaj.media could not independently confirm this assertion.
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Stephen Kotkin: The Five Futures of Russia
Readers seeking odds on Russia’s trajectory should consult the betting markets. What Western officials and other decision-makers need to do, instead, is to consider a set of scenarios: to extrapolate from current trends in a way that can facilitate contingency planning. Scenarios are about attempting to not be surprised. Needless to note, the world constantly surprises, and something impossible to foresee could occur: the proverbial black swan. Humility is in order. Still, five possible futures for Russia are currently imaginable, and the United States and its allies should bear them in mind.
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Israel’s Iran attack carefully calibrated after internal splits, US pressure
Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.
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The U.S. Prevented War, Yet Iran’s Strategic Decision-Making Process Remains Flawed
The Israeli military is believed to have carried out strikes against a target in Isfahan, central Iran, on April 19. This action was reportedly in retaliation for Iran’s April 13 missile and drone attack against Israel, which itself was in response to Israel’s April 1 targeting of the Iranian Consulate in Damascus, Syria. While these exchanges of attacks and counterattacks have the potential to escalate and engulf the entire Middle East region in conflict, they did not escalate further. Encouraged by the United States, both Israel and Iran exercised restraint and may even glean lessons in prudence from the crisis. However, the Iranian regime should reassess its strategic decision-making process to minimize the risk of dangerous miscalculations.
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