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Kechichian: How will Saudi Foreign Policy Evolve Under King Salman?
Following the successful and smooth transition of power from Saudi Arabia’s King Abdullah to the new King Salman, all eyes are on how the new Custodian of the Two Holy Mosques will navigate the regional and global foreign policy landscape. Although King Salman kept on the Minister of Foreign Affairs, Prince Saudi al Faisal, major […]
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#FocusKSA – Saudi Arabia in Transition – Fahad Nazer and Theodore Karasik [Full Video]
SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. Introductory and overview remarks by each speaker can be watched at the links below.
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Despite Falling Oil Prices, Saudi-Dow Chemical $20 Billion Chemical Plant Going Ahead
Despite a significant fall in oil prices since July 2014, Saudi Arabia’s joint venture partnership with Dow Chemical to build a $20 billion chemicals plant is going forward with an estimated completion date at full output of 2017, according to a report in Bloomberg based on comments made by a company official in Dubai. The ambitious […]
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SUSTG/SUSRIS Exclusive: Gulf Experts Fahad Nazer and Theodore Karasik Discuss Saudi Arabia’s New Leadership and Implications for Domestic, Regional Challenges
Last week, SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. The discussion, part of a SUSTG and SUSRIS’ ongoing FocusKSA series of conversations with Saudi leaders and experts in the public […]
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For Saudi Arabia, Instability in Yemen Poses Political, Security, and Economic Challenges
As the political crisis in Yemen intensifies following a Houthi takeover that some in the Gulf are calling a “coup,” two recent essays provide useful analysis on the serious challenges facing Saudi Arabia and its new King Salman. Writing for the Carnegie Endowment for International Peace blog, Khaled Fattah discusses the current situation in Yemen […]
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Saudi Arabia’s Golden Opportunity to Reform Energy Subsidies
With low oil prices, Saudi Arabia and other energy producers that subsidize domestic prices have a golden opportunity to reform those schemes. Will they? According to an IMF official in remarks made last year, Gulf states spent an average of 10% of GDP subsidies in 2013, a total of $160 billion annually. As a whole, the Middle East and North Africa region accounts for nearly […]
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With Regional Challenges Mounting, Prominent Saudi Journalist Calls for ‘Saudi-American-Turkish Cooperation’ for Stability in the Middle East
Saudi Arabia’s foreign policy is in focus following the death of King Abdullah and the new leadership under King Salman. Although King Salman kept on Prince Saud al Faisal as Minister of Foreign Affairs, and headlines in Saudi newspapers proclaimed that foreign policy under King Salman would not change, challenges in the region are evolving […]
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Ashmore: New Saudi State Spending Announced Under King Salman Estimated at $32.3b
In a recently released note from Ashmore Group, the investment firm estimated new spending announced by King Salman at $32.3 billion, with 80% of that as current spending and $5.3 billion in capital expenditure over several years. The figure, an estimate, noted that this new expenditure comprises 4.4% of estimated Saudi GDP at $732 billion. “The majority […]
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Saudi Prince Alwaleed’s Alarab Newschannel Launches, Then Goes Dark After Controversial Interview
Saudi Prince Alwaleed’s long anticipated news channel Alarab launched on Sunday, but only one day later went dark after airing an interview with a Bahraini opposition leader, according to reports. The AP reports that the Alarab television station said on its official Twitter feed “that coverage was halted for ‘technical and administrative reasons,’ and that it […]
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King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports. Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]
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MUST-READS
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Saudi PIF-backed Savvy Games to invest more in mobile after ‘Monopoly Go’ success
After seeing the major success of its mobile game Monopoly Go, Saudi Arabia’s Savvy Games Group plans to invest more in mobile game development and acquisitions, according to the company’s chief executive officer.
Savvy, wholly owned by Saudia Arabia’s Public Investment Fund (PIF), agreed to buy mobile game maker Scopely for $4.9 billion last April, the same month the Monopoly title was released. Since then, the online iteration of the famous board game has grossed $2 billion in revenue.
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Saudi Arabia is making a high-risk $1 trillion bet on tourism
On a clear day in March, tourists in golf carts and jeeps bounce amid dunes and cliffs at Desert X AlUla, a biannual open-air exhibition affiliated with Coachella, the famed California desert arts festival. They gaze at a giant hollow sphere with reflective glass set against a line of rock fragments by Saudi artist Faisal Samra and terra cotta pots scattered on the sand courtesy of Ghanaian Ibrahim Mahama. “We are trying to give them the time of their lives,” says Abdulaziz Alsulami, 18, who recently graduated from an international school in Riyadh and works at the exhibition.
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House passes long-awaited aid for Ukraine, Israel, Indo-Pacific
By large margins on Saturday, the House passed a package of three linked bills advancing $60 billion in military aid for Ukraine, $26 billion in military aid for Israel, and $8 billion for “countering China” in the Pacific.
The measures come at “a moment of grave urgency, with Israel facing unprecedented attacks from Iran, and Ukraine under continued bombardment from Russia,” U.S. President Joe Biden said in a statement. “I urge the Senate to quickly send this package to my desk so that I can sign it into law and we can quickly send weapons and equipment to Ukraine to meet their urgent battlefield needs.” -
UK Launches Saudi Investment Drive to Grab Share of MBS’s Vision
The UK and Saudi Arabia will hold a trade expo in Riyadh next month as Rishi Sunak launches an investment drive aimed at taking advantage of Crown Prince Mohammed bin Salman’s Vision 2030 project. A delegation of more than 300 British business executives will join Deputy Prime Minister Oliver Dowden at the Saudi Great Futures event on May 14-15, according to a statement from Dowden’s office. The event will mark the start of a year-long campaign to showcase UK firms to Saudi investors with a focus on sectors that support the country’s Vision 2030, which was established by bin Salman eight years ago to diversify the economy away from oil.
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Iran says nuclear weapons have no place in its nuclear doctrine
Nuclear weapons have no place in Iran's nuclear doctrine, the country's foreign ministry said on Monday, days after a Revolutionary Guards commander warned that Tehran might change its nuclear policy if pressured by Israeli threats."Iran has repeatedly said its nuclear programme only serves peaceful purposes. Nuclear weapons have no place in our nuclear doctrine," ministry spokesperson Nasser Kanaani said during a press conference in Tehran.
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Egypt reclaims 3,400-year-old stolen statue of King Ramses II
Egypt welcomed home a 3,400-year-old statue depicting the head of King Ramses II after it was stolen and smuggled out of the country more than three decades ago, the country's antiquities ministry said on Sunday.The statue is now in the Egyptian Museum in Cairo but not on display. The artefact will be restored, the ministry said in a statement.The statue was stolen from the Ramses II temple in the ancient city of Abydos in Southern Egypt more than three decades ago. The exact date is not known, but Shaaban Abdel Gawad, who heads Egypt's antiquities repatriation department, said the piece is estimated to have been stolen in the late 1980s or early 1990s.
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Global defense spending jumped in 2023
Total global defense spending grew at its fastest pace in the last decade from 2022 to 2023, as governments respond to security crises unfolding around the world. Combined military outlays jumped 10.4 percent in 2023 on strong growth from nearly all of the top spenders, bringing the global total above $2 trillion for the first time, according to a new report from Forecast International, a sister brand of Defense One.
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Saudi Arabia aims to double local honey production
Saudi Arabia has invested SAR140 million ($37 million) to support its nascent rural honey industry, the government said this week. The country has raised subsidised production by 41 percent since 2021 and wants to double output by 2026. The Sustainable Agricultural Rural Development Program, known as Reef Saudi, said its funding supported over 10,500 people in the industry.
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Saudi Arabia issues weather warnings as country braces for heavy rainfall
Saudi Arabia’s General Directorate of Civil Defense has issued weather warnings and safety instructions as the country braces for heavy rainfall.
Several regions across the Kingdom will experience medium to heavy rainfall accompanied by torrential downpours and hail until Tuesday, according to the authority.
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How is fine dining thriving in Saudi Arabia’s F&B Industry?
Experiential Dining: these days, with the rising competition, the fine dining restaurants are focusing on offering unique dining experiences that go beyond food and that includes theme decorations per local, internal, and seasonal activities, entertainment, and personalised services. These experiences drive word-of-mouth and social media sharing leading to always attract more customers and footfalls.
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