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Saudi Arabia Mum on Soleimani Death So Far
Top Saudi officials have yet to comment publicly on the news last night of the U.S. drone strike on Iran’s powerful Quds Force commander Qasem Soleimani.
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Saudi Arabia’s Spending Cuts Could Reduce the Kingdom’s ‘Fiscal Vulnerabilities’ to Oil Price Fluctuation, IIF Says
Saudi Arabia will lower government spending in 2020 as the Kingdom’s economic and social reforms start to kick in. That could help reduce Saudi Arabia’s medium-term fiscal vulnerabilities to lower oil prices, the Institute of International Finance (IIF) said, and put Saudi on track for a balanced budget by 2023.
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Saudi Arabia to Grant Citizenship to ‘Scientists, Intellectuals and Innovators’ From Around the World
In a bid to attract top talent and spark innovation in the Kingdom, Saudi Arabia has announced that it would grant full citizenship to “scientists, intellectuals, and innovators” from key sectors and focuses, according to reports.
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Saudi Arabia Assumes G20 Presidency, Launches Promotional Video
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020. The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms.
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Saudi Aramco Releases Details of November 17th IPO in Prospectus
Saudi Aramco on Saturday released details of its IPO that will be the first opportunity for investors to own a piece of the world’s most profitable company and achieve one of the key goals of the Kingdom’s Vision 2030 economic reform plan. The details were released in a prospectus on Saudi Aramco’s website. The company said the […]
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Saudi Arabia’s PIF Reportedly Invests $400m in Disruptive Food Startup Founded by Travis Kalanick
Saudi Arabia’s Public Investment Fund has invested $400 million into Uber founder Travis Kalanick’s new company CloudKitchens, according to the Wall Street Journal. CloudKitchens is a food and real estate startup that buys cheap properties across the U.S. and in India, China, the U.K. and elsewhere. “The hope is that their proximity to densely populated areas will make them […]
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Announcement of New IPO Date for Saudi Aramco IPO Creates Buzz on FII’s Opening Day
Saudi Aramco’s long-planned IPO will see its first shares traded on Riyadh’s stock exchange in December, several news outlets are reporting, citing the Saudi-owned satellite news channel Al Arabiya. Al Arabiya said a final price for the stock will be set Dec. 4, with shares then beginning to be traded on the Tadawul stock market on Dec. 11. It added […]
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Saudi Aramco delays planned IPO until after earnings update, seeks local listing
Saudi Aramco has delayed the planned launch of its initial public offering “in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm,” Reuters reports, citing two sources familiar with the matter. The slight delay allows Saudi Aramco to reassure investors by first presenting results covering the period in which two […]
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U.S., Saudi Officials Discuss Regional Security and Military Cooperation
Saudi Arabia’s deputy defense minister said on Thursday he discussed “regional security and military cooperation” with senior U.S. government officials, Reuters reports. Deputy Defense Minister Khalid bin Salman, who previously served as Saudi Arabia’s Ambassador to the United States, met separately with U.S. Secretary of State Mike Pompeo and Secretary of Defense Mark Esper. Deputy […]
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Full Transcript: Crown Prince Mohammed bin Salman’s Interview with CBS’ 60 Minutes
Below is the full transcript from the CBS 60 Minutes interview with Saudi Arabia’s Crown Prince Mohammed bin Salman. *** Norah O’Donnell: Did you order the murder of Jamal Khashoggi? Crown Prince Mohammad bin Salman: Absolutely not. This was a heinous crime. But I take full responsibility as a leader in Saudi Arabia, especially since it […]
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MUST-READS
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Visiting Saudi Arabia? Here are five government mobile apps every tourist must download
If you wish to visit Saudi Arabia and want to know more about visa requirements, flight or accommodation bookings and transportation services, Saudi Arabia has official mobile applications that help tourists plan a smoother and hassle-free experience. Whether you are visiting the country for Umrah, leisure purposes, or to spend time with family and friends, here are five apps you should download.
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What’s behind Syria’s return to the Arab League?
The Arab League’s decision to re-admit Syria after shunning it for 12 years was a significant symbolic victory for Damascus, part of a larger regional realignment and an indication of the United States’ waning role, analysts say. But it may not immediately bring the reconstruction dollars that Syrian President Bashar Assad is hoping for. Nor is it likely to bring the changes Syria’s neighbors want, such as an agreement on refugee returns and moves to reduce drug trafficking. Syria is returning to the Arab fold even though there is no sign of a resolution to the country’s uprising-turned-civil war, now in its 13th year. The long-stalemated conflict has killed nearly a half million people since March 2011 and displaced half of the country’s pre-war population of 23 million. Multiple mediation attempts have failed.
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Factbox: How big is the aid crisis caused by the Sudan fighting?
Aid workers say fighting between rival military factions in Sudan is pushing poorly-funded humanitarian programmes in the region to a breaking point. Even before the violence began on April 15, millions of people in Sudan and neighbouring countries were dependent on aid due to poverty and conflict. Since then, hundreds have been killed, including at least five humanitarians; food stocks have been looted; and many international aid workers have left.
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Lionel Messi’s future: Barcelona, Saudi Arabia or Miami?
So if not in Paris, where will Messi be playing football next season? Is a return to Barcelona, the club he served with such distinction until 2021, financially viable? Does Messi’s lucrative ambassadorial role with the Saudi tourist board suggest he will follow Cristiano Ronaldo and play club football in the Middle East? What about a long-mooted move to Inter Miami and Major League Soccer?
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Barça, Saudi Arabia, Miami, Rosario.. where next for Lionel Messi?
Already under contract with the Saudi tourism board to promote the country on social networks, the Argentine star is also being courted to sign up to play in the local championship, potentially recreating Messi’s legendary rivalry with 'CR7', who has been playing for Al-Nassr since the last January transfer window.
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Who Bombed the Kremlin?
“We are looking into the report but aren’t able to confirm it or validate its authenticity,” the official said. “We have said throughout the conflict that we do not encourage or enable Ukraine to strike within Russia.” The drone pictured in the strike did not appear to be the large Tu-141 reportedly used in previous Ukrainian attacks. The likely payload on such a small drone calls into question the Kremlin’s claim that Putin was the target, said CNA analyst Sam Bendett.
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Is the two state solution dead? Will Israeli or Iranian protests succeed? And other questions.
According to the fifth wave of the Middle East Scholar Barometer, jointly fielded by the Project on Middle East Political Science and the University of Maryland’s Critical Issuss poll, Middle East academic experts continue to grow more pessimistic about the prospects for an Israeli-Palestinian two state solution and even more likely to describe its current reality as a one state reality akin to apartheid.
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Is Israel a democracy? Here’s what Americans think
Although the protests have largely ignored Israel’s military rule over millions of Palestinians, they drew attention to threats to democracy even within Israel’s pre-1967 borders. It is hard to know if these protests have had any impact on the way Americans perceive Israel, and if they did, in what direction.
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Should Bankers Move to Saudi Arabia? Pay is Surging, But Hiring is a Challenge
Recruiter Hays Plc estimates that most banking professionals in Saudi Arabia can earn roughly 20% more than their counterparts in Western financial centers. Those expat executives willing to relocate to the kingdom from neighboring Dubai can ask for 20% to 35% extra, according to headhunting firm Mark Williams. Senior hires are able to command even higher amount.
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Should Bankers Move to Saudi Arabia? Pay is Surging, But Hiring is a Challenge
But on the ground, hiring is proving to be a challenge. While MBS, as the de facto ruler is known, has eased many social regulations, alcohol is still banned and extramarital relations and homosexuality remain punishable as ‘moral crimes.’ The severe rules and the prospect of a monotonous lifestyle in Riyadh often make expats reluctant to move. Meanwhile, experienced local employees are in short supply. That’s fueling a fight for talent and boosting salaries, bankers and headhunters say.
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