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Fears of an ‘All Out War’ Grow in Neighboring Yemen as Rival Factions Look to Iran and Saudi Arabia for Help
Tensions are escalating in Yemen as Iranian-backed Houthi militias and forces loyal to ousted President Abd-Rabbu Mansour Hadi, backed by Saudi Arabia, are “squaring off for battle after months of skirmishes,” Reuters reports. “With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi’ite Houthi movement controls the capital Sanaa, […]
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As GCC Ministers Meet in Riyadh to Discuss Yemen, Houthis Conduct Military Drill on Saudi Border
Not long after it was reported that GCC Ministers had invited representatives from the Houthi militia to Riyadh to participate in talks, the Houthis conducted a military exercise involving “thousands of Shi’ite Muslim Houthi fighters” near Saudi Arabia’s border, according to reports. “The drill in the al-Buqa region in the Houthis’ home province of Saada included heavy […]
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Report Sheds Light on Saudi Oil Policy Decision Making During Price Drop
An exhaustive report in the Financial Times (a paywalled source) by reporter Anjli Raval sheds light on Saudi thinking and strategy during the fall in the price of oil from highs in the summer of 2014. The report, which requires subscription to read, follows Saudi policy and events in oil markets, month to month, starting in June […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]
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Prince Turki al Faisal Says Poorly-Coordinated ‘Pinprick’ Attacks on Daesh Are Too Limited to Succeed
Saudi Arabia’s Prince Turki al Faisal told NPR that limited attacks on the self-styled Islamic State, or Daesh, are unlikely to work and that efforts thus far have been “disjointed.” “Having simply these pinprick attacks on certain areas is not going to resolve the issue,” al Faisal said, and added, “You really have two air […]
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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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MUST-READS
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Saudi Arabia says Hamas leader’s killing was ‘blatant violation’ of Iran’s sovereignty
Saudi Arabia said on Wednesday the assassination of Hamas leader Ismail Haniyeh in Tehran was a "blatant violation" of Iran's sovereignty. The comment by the Saudi deputy foreign minister during an extraordinary meeting of members of the Organization of Islamic Cooperation (OIC) was the first by the kingdom, the region's major power alongside Iran, since the killing of the Palestinian Islamist leader in the Iranian capital on July 31.
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Saudi court overturns death sentence against retired teacher over posts on X
A Saudi court has overturned the death sentence of a former teacher over social media posts made from anonymous accounts with 10 followers, a UK-based human rights group has reported. Last July, the kingdom's Specialised Criminal Court gave Mohammed al-Ghamdi the death sentence over tweets, including some which focused on unemployment and calling for the release of political prisoners. On Wednesday, Sanad, a UK-based group advocating for Ghamdi, said it had learned from sources inside the kingdom that the Court of Appeal had cancelled the sentence.
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Saudi Takes 2 Million Photos of Neom in ‘Ground X’ Project to Build Investor Trust
Saudi Arabia wants investors to know its ambitious Neom development is on track. Its effort is called “Ground X” and is meant to show live feeds of construction sites, project deadlines, and a “progress library” for each zone of Neom, including Sindalah, The Line and Trojena. The Ground X website is not open to the public and Skift was not able to review it. But a public version of the website does give some details: It says it has installed 452 time-lapse cameras, 63 live cameras and more than 300 drone locations across Neom, capturing two million photos and 70,000 videos.
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Saudi Arabia to host Halo space balloon test flight
Halo Space, a Spanish company developing a stratospheric balloon for tourists is to conduct its next test flight in the Kingdom of Saudi Arabia this September. This test flight will be Halo Space’s sixth and use the company’s real-size prototype capsule, Aurora, which will ascend 30km above the Earth’s surface. The primary objective of the flight is to validate the integrated operation of all critical systems developed over the past three years.
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Houthi presence in region in focus after ‘martyrdom’ of senior commander in Iraq
A senior commander of Yemen’s Ansarullah movement, better known as the Houthis, is claimed to have been killed in a US airstrike in Iraq. The apparent incident has fueled speculation about the Houthis expanding their role in the Iran-led ‘Axis of Resistance’ and pursuing horizontal integration with other members of the regional alliance network . As the region braces for an escalation in the confrontation between the ‘Axis of Resistance’ and Israel, the role of the Houthis in the equation is gaining increasing attention.
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Lucid Receives $1.5 Billion Lifeline from Saudi Investment Fund
An affiliate of Saudi Arabia's Public Investment Fund has thrown struggling electric car maker Lucid Group a $1.5 billion lifeline (second one of the year). This comes as Lucid prepares to launch its first sport utility vehicle amid a downturn in the EV automotive space. Lucid revealed it entered into agreements with its majority stockholder, Ayar Third Investment Company, an affiliate of the Saudi PIF, to purchase $750 million of convertible preferred stock through a private placement and provide a $750 million unsecured loan.
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The Fork in the Road to AI Regulation
As urgency grows among regulators, cooperative efforts are emerging. Ten countries and the EU agreed to create “a common understanding of AI safety and align their work on AI research” during May’s AI Seoul Summit, and several nations agreed to share information through their government-backed AI safety institutes.
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Tense Israel in waiting as attack threat looms
Israel's ambulance service has stocked blood supplies in a fortified underground centre, factories have moved out hazardous materials and municipal authorities are checking bomb shelters and water supplies as the country waits for a threatened attack from Iran and its proxies. Israel has been fortifying its home front for months and many preparations have been in place since the start of the war in Gaza last October, when thousands of Hamas-led gunmen carried out a devastating cross-border attack on Israeli communities.
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Jordan, Qatar, Saudi Arabia reject US request to send peacekeepers to Gaza
Jordan, Qatar and Saudi Arabia have rebuffed US requests to contribute troops to a post-war peacekeeping force in Gaza, an Arab official and a second source familiar with the matter tells The Times of Israel, the newspaper reports. According to the report, the dispatched troops would be seen to be “protecting Israel from the Palestinians”, the Arab official says, explaining the opposition of Amman, Doha and Riyadh to the effort being advanced by the US to secure Gaza after the war.
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Saudi Arabia’s retail real estate sector to grow to $183.2 billion by 2027
As modernization and urban development transform Saudi Arabia’s retail real estate sector, sales are expected to increase from 2.4% in 2024 to 2.7% by 2027, reaching $183.2 billion. In its 10th annual “Saudi Arabia Real Estate Predictions” report, global consultancy firm Deloitte, referencing the Economist Intelligence Unit, revealed that retail sales in Saudi Arabia amounted to $142.7 billion in 2022.
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