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  • Over 87,000 Business Licenses Issued to Saudi Arabia this Year – Report
     

    Saudi Arabia’s Ministry of Commerce and Investment issued over 87,000 business licenses to women in the last year as the Kingdom looks to increase female integration into the Saudi economy. The Ministry said it issued 87,575 commercial registrations for women “for businesses in various fields, including trade, manufacturing, communications, information technology, real estate, cleaning, tourism, restaurants […]

     
  • U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
     

    The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]

     
  • Saudi Arabia’s PIF Takes Charge of $5b Jeddah Corniche Redevelopment to create “New Downtown”
     

    Saudi Arabia’s Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a “unique tourist, residential and commercial destination” that aims to become the “New Jeddah Downtown.” The PIF will look to add 12,000 housing units as well as shops and other attractions like museums, a cultural and social area, an activities center, […]

     
  • PIF $2.7b Bet on Entertainment an Investment Toward a ‘Vibrant Saudi Society’
     

    Saudi Arabia’s Public Investment Fund (PIF) announced on September 20 that it is setting up a new company to invest in the entertainment sector, as the Kingdom looks to achieve a more vibrant society – a stated goal of Saudi Arabia’s Vision 2030. The company, which will have $2.67 billion in initial capital to invest, will seek […]

     
  • Rules Issued for Small-Scale Solar Generation in Saudi Arabia
     

    Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]

     
  • Saudi Government Says It Will Charge Offenders Accused of Spreading Hate Speech Online
     

    Saudi Arabia’s Department of Public Prosecution will now have the “powers to charge offenders who are accused of spreading hate speech, creating social conflict and threatening peace and security through social media channels,” according to a Bloomberg story, which cited a government statement. The statement accompanied the “summoning” of social media users who were “called in” […]

     
  • Iraq’s Moqtada al-Sadr Visits Jeddah, Meets with Crown Prince Mohammed bin Salman
     

    Iraq’s influential Shi’ite cleric Moqtada al-Sadr made a rare visit to Saudi Arabia on Sunday, where he met the Saudi crown prince and other officials, according to the SPA and Reuters. It is the first visit by the powerful anti-American Shi’ite cleric in 11 years. Al-Sadr is the leader of the Sadrist Movement and the leader of Saraya […]

     
  • New Saudi City Aims for Nearly 1m New Housing Units Near Mecca and Jeddah
     

    Details have emerged on plans for a “giant extension” to the holy city of Mecca in Saudi Arabia that could add up to one million housing units by 2050, according to reports. Prince Khalid Al-Faisal bin Abdulaziz is governor of the Mecca Region. In a press conference, the Prince told reporters that the Al-Faisaliah project […]

     
  • Saudi Arabia Nears First Utility-Scale Wind Power Project
     

    Saudi Arabia moved a step closer toward the construction of its first utility-scale wind-power project, according to reports. The energy ministry “asked potential bidders and plant developers to submit their qualifications to build the 400-megawatt plant at Dumat Al Jandal in the kingdom’s northwestern Al Jouf region,” Bloomberg reports, citing an emailed statement. “Companies will be able to […]

     
  • Tillerson Engages in Shuttle Diplomacy to Mend GCC Fences
     

    After failing to reach a breakthrough with the Saudi-led group of four countries that have cut ties with Qatar, Secretary of State Rex Tillerson has returned to Doha to continue his shuttle diplomacy in hopes of putting an end to the weeks-long rift. The Saudi-led group accuses Qatar of supporting terrorism and has given Doha […]

     

MUST-READS

  • Yemen president cedes powers to council as Saudi Arabia pushes to end war

    Yemen's president delegated power to a presidential council and dismissed his deputy on Thursday in a move aimed at supporting U.N.-led efforts to revive negotiations to end the bitter seven-year war in the country. Riyadh announced $3 billion in financial aid to the Saudi-backed government after the announcement by President Abd-Rabbu Mansour Hadi. It called for talks with the Houthi group that controls the northand has been battling a Saudi-led coalition.

  • U.S. Power and Influence in the Middle East: Part Five

    You went to Iraq with goals of democratization and then left it to Iran. That raised a lot of questions about the credibility of U.S. foreign policy, especially as a superpower. Those question marks have harmed America a lot.

  • Saudi Arabia and UAE power on

    A purchasing managers index (PMI) compiled for Saudi Arabia rose to 56.8 from 56.2 in February, with output growing at the fastest in over four years. A similar gauge for the neighbouring UAE remained at 54.8, well above the 50 mark that separates expansion from contraction, even as input cost inflation reached a 40-month record.

  • Independents emerge as kingmakers as Iraqi power vacuum persists

    Sadrists, Sunnis, and the Kurdistan Democratic Party (KDP) have again failed to garner enough support from MPs to form Iraq’s next government. The rival Shiite Coordination Framework has now introduced its own initiative to “resolve the political deadlock.” But the Sadrists have rejected this proposal, with senior members of the movement warning of invoking an “emergency government,” which would lead to new elections. This comes as independent MPs have emerged as effective kingmakers which neither side has managed to fully win over.

  • Global leaders in power and energy bullish on renewables

    The event, entitled 'Energy Storage Forum,' is the result of a strategic collaboration between the Gulf Cooperation Council Interconnection Authority (GCCIA), a joint stock company subscribed to by six Gulf States, in strategic collaboration with the Electric Power Research Institute (EPRI), the world’s pre-eminent independent, non-profit energy research and development organisation.

  • Commentary: Always a major Middle Eastern power, Israel now takes centre stage

    Israel’s importance is not simply its military and technological prowess and its ability and willingness, in contrast to the United States, to confront Iran in Iran itself as well as in Syria and cyberspace, but also that it is the only Middle Eastern country that can boast a significant grassroots popular base in the United States. That gives Israel the kind of sway in Washington that cannot be obtained by spending millions of dollars on the services of public relations and lobbying firms.

  • U.S. Power and Influence in the Middle East: Part Four

    After 9/11, that shifted. U.S. policymakers came to see the threats the country faced as too urgent for the slow back-and-forth of diplomacy, and too vital to brook any compromise. Warriors came to the fore, and diplomats receded.

  • Saudi Aramco and Acwa Power Look to Join Saudi Carbon Trading Exchange

    The PIF said it would make further announcements about potential suppliers and buyers of carbon credits will be made in the coming months. There’s meant to be an introductory round of auctions in the fourth quarter.

  • Oman: History, Power and Influence – Video

    Tribes, wars, colonisation, empire, rebellion, independence and reconstruction - this is the compelling history of the Gulf state of Oman, from the 16th century to the present day.

  • Saudi Arabia’s ACWA Power announces full year 2021 financials

    With a landmark initial public offering (IPO); an inaugural Sukuk issuance; several capital recycling transactions including refinancing of project finance facilities and solid steps in the decarbonization of our fleet, including the addition of five new large-scale renewable projects into our portfolio of assets in advanced development, 2021 marked another inflection point in ACWA Power’s business.