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Saudi Arabia introduces measures to ‘facilitate the entry of foreign issuers to the Saudi stock market’
Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market, Reuters reports, in the latest reforms to attract overseas share buyers and issuers as part of its Vision 2030 economic and social reform plans. Saudi Arabia’s Capital Markets Authority (CMA) said on Sunday it had “adopted rules that will […]
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First in-depth archaeological survey at Al-Ula hopes to uncover mysteries of the Nabateans
Archaeologists are planning to carry out the first international, in-depth survey of Al-Ula in Saudi Arabia and the surrounding areas “the size of Belgium” in order to better understand the Nabatean people, the BBC reports.
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Crown Prince Mohammed bin Salman Interviewed for ’60 Minutes’, ‘Frontline’ Fall Premieres
Saudi Arabia’s Crown Prince Mohammad bin Salman gave an interview that will air on the CBS program, 60 Minutes, on September 29, one of two features on the Saudi leader set to appear in the United States this fall. The interview, with Norah O’Donnell, the anchor of the CBS Evening News, will be the Crown […]
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As Officials Gather Evidence in Saudi Oil Attacks, Trump Ratchets Up Sanctions
President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran, the first response by the U.S. to the attacks on two key oil installations in Saudi Arabia, according to reports. The pronouncement by Trump comes as both U.S. and Saudi officials ready evidence that points the finger at Iran for the […]
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New Saudi Visa Program, Tourism Event Set for Launch on September 27th, Report Says
A new visa scheme is coming to Saudi Arabia on September 27th that will benefit over 50 nations and will be a “game changer” initiative for attracting international tourists, a report in the English-language Saudi daily Arab News. “Although not officially confirmed by the government, industry sources told Arab News an event to showcase Saudi tourist attractions […]
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Report: Saudi Aramco Considering Tokyo For International Listing
Saudi Aramco is considering Tokyo as the international destination to list its shares, according to an exclusive report in The Wall Street Journal on Thursday. Saudi Aramco is “considering a plan to split the world’s largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up […]
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Secretary Pompeo, Saudi Deputy Defense Minister Prince Khalid bin Salman Meet in Washington
Secretary of State Mike Pompeo and Saudi Deputy Defense Minister Prince Khalid bin Salman met in Washington D.C. yesterday to discuss the ongoing war in Yemen and other U.S.-Saudi defense related topics. “On Yemen, the Secretary reiterated U.S. support for a negotiated resolution between the Republic of Yemen government and the Southern Transitional Council, and thanked […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Weekly Briefing: Iran’s growing burden of confronting Israel
Iranian media headlines from last week vividly demonstrated the hard choices before Tehran as Iran confronts the specter of possible war with Israel and its allies. The contrasting realities exemplify the pressures Iran’s leadership is under in terms of choosing the immediate and narrow national security interests, namely focusing on saving the economy and avoiding war, versus insisting on core Khomeinist convictions of confronting Israel and the United States.
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Lina Khatib: War Spreads to Lebanon
This has been one of the biggest blows to Hezbollah morally. He's been in charge for 30 years, but the cultivation of the image has really taken off since 2006, so we're talking about almost two decades of this person being presented as almost superhuman. His image had been tightly linked to that of Hezbollah itself, so that, in the eyes of many supporters of Hezbollah, Nasrallah represented strength, resilience, victory, and all those qualities that Hezbollah wanted associated with itself. At the morale level, having this figure eliminated is a huge blow.
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Iran Might Reevaluate its Strategy
The relative failure of Iranian missile strikes has significantly eroded the value of Tehran’s enormous investment in its missile and drone technology and raised serious questions among Iran’s regional allies about the ability of Tehran to come to their defense.
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Day One Problems: Yemen
On January 20, 2025, either Vice President Kamala Harris or former President Donald J. Trump will be sworn in as the next president of the United States. Whoever takes the oath of office that day will face a host of national security challenges, from the war in Ukraine and China’s growing belligerency to the Israel-Hamas conflict, Iran, and a metastasizing terrorist threat. Somewhere on that list will also be the Houthis, the Iranian-backed militia that controls northern Yemen and, for much of the past year, has been attacking commercial shipping in and around the Red Sea.
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US warns Israel to stop blocking aid to Gaza
After Israel sharply cut aid to Gaza in September and brought it to a total halt the first two weeks of October, the United States has formally warned Israel that it has 30 days to rapidly surge the amount of humanitarian aid allowed into Gaza, or risk being deemed in violation of US laws making it eligible to receive US military assistance.
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Saudi crown prince to attend first EU–Gulf Cooperation Summit in Brussels
Saudi Crown Prince Mohammad bin Salman and other Gulf leaders will be in Brussels for the first EU–Gulf Cooperation Summit, focusing on trade, security, and Middle East peace. Saudi Crown Prince Mohammad bin Salman will be in Brussels on Wednesday for the first EU–Gulf Cooperation Summit, Euronews can reveal. The de facto Saudi leader is discussing a range of issues, including global security, the Middle East, trade and global warming. It's his second official visit to Brussels, having previously attended in 2015 for the Global Coalition against ISIS. On the Middle East, the EU hopes the summit can strengthen support for the Palestinian Authority as a step towards resuscitating a two-state solution.
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Saudi Arabia 2034 World Cup Stadiums
Saudi Arabia is gearing up to host the 2034 FIFA World Cup with an impressive lineup of 15 stadiums spread across five host cities: Riyadh, Jeddah, Al Khobar, Abha, and NEOM. Each venue is designed to reflect local culture and architecture while incorporating modern amenities to ensure a fantastic experience for fans and players.
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Saudi Arabia’s Fitness Movement: GymNation to Accelerate Expansion Following Opening of 20th Location
The Saudi Arabia fitness scene is booming and it’s a market that we’ve had an ambition to enter for a number of years. The government has a huge focus on improving fitness penetration levels across the population and are actively encouraging the citizens of Saudi Arabia to engage in health, fitness, and wellness. We want to play our part by helping to break down the affordability barrier and make fitness more accessible and welcoming for everyone across the Kingdom.
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Middle East supply disruption potential could send oil above $100/bbl, Citi says
Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one, citing heightened potential of the market to fear or realize supply losses during these months due to growing Middle East conflict. The bank upgraded its bull case for the fourth quarter of 2024 and first quarter of 2025 to $120 per barrel (bbl) from $80/bbl. However, "we maintain our baseline forecast for $74/bbl Brent in 4Q'24 and $65/bbl during 1Q'25, owing to weak underlying oil market fundamentals," Citi added.
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Saudi Arabia has a big plan for oil that could hammer Russia’s war machine, economists warn
Cooper pointed out that because Saudi Arabia's and Iran’s oil wells are closer to the surface, they are cheaper to extract. Russia, on the other hand, has to spend more on production costs to extract its deep oil wells, reducing its margins. “The simplest explanation is the right one: Russia’s GDP growth stems from a massive boost in spending on defense,” Hedlund wrote in Geopolitical Intelligence Services.
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