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Military Sales/IDEX
Mideast Strife Fuels Land Warfare Market
Concerns about the Islamic State group, Iran's growing influence and Yemen's upheaval are boosting the regional defense market's land sector ahead of the massive International Defense Exhibition (IDEX) in Abu Dhabi, analysts said.
- Defense One - US Military Increasing Foreign Expo Presence After 2-Year Downturn
Yemen
Yemen’s Hadi seeks to resume duties as president
Yemen's president sought to resume his duties as head of state on Sunday, holding his first public engagement with state officials since he fled house arrest in Sanaa by the Houthi group that dominates the northern half of the country.
Turkey and Syria
Turkey relocates historic tomb in Syria over jihadist threat
Turkey has evacuated its military personnel protecting the Tomb of Süleyman Şah in northern Syria as well as the artifacts in the mausoleum in an operation jointly conducted by the intelligence organization and the Turkish army, a few days after reports suggested that the tomb was besieged by jihadists belonging to the Islamic State of Iraq and the Levant (ISIL).
- Reuters - Turkish military enters Syria to evacuate soldiers, relocate tomb
U.S. - Afghanistan
Defense Secretary Carter Arrives in Afghanistan Seeking ‘Lasting Result’
Newly-minted Defense Secretary Ash Carter arrived here to visit American troops and meet with top Afghan and U.S. officials amid the likelihood that President Barack Obama’s plans to drawdown forces here would soon be revisited.
- Bloomberg - Defense Chief Looks Beyond Pentagon to Review IS Strategy
- Washington Post - U.S. considers slowing military withdrawal from Afghanistan
Snow in Saudi Arabia
Authorities on high alert after blizzard
Health and security officials in Tabuk have been on full alert because of snowstorms in the northwestern part of the Kingdom over the past two days. The affected areas are Al-Dhaher, Alakan, Abu Al-Hanshan, Attabaq, Tinenar, Wadi Al-Asmar, Al-Lawz Mountain and Al-Aniq.
Tadawul
Lower valuations attract investors to Saudi stocks
While the opening and inclusion of Tadawul into the MSCI could raise the risk of stock over-pricing, the role of the foreign institutional investors whom the CMA (Capital Market Authority) will be granting direct access to the Saudi Stock Exchange is to provide more stability via longer investment horizons.
Banque Saudi Fransi
Saudi Fransi Capital CEO Al Rumayyan is Said to Resign
Yasir Al Rumayyan, chief executive officer of Saudi Fransi Capital, left the bank for a role at the court of King Salman, according to a person familiar with the matter.
Rail
UK consortium wins $184m Saudi rail project deal
A consortium led by Serco Group, the international service company, has signed a contract with the Saudi Railway Company (SAR) to provide management and technical support for operations on the Gulf kingdom's North South Railway (NSR) project.
Extremism
Opinion: The misguided debate about how ‘Islamic’ the Islamic State is
We can get caught up in the "Islamic" part of the Islamic State. But matters of "state" will be what ultimately unravels it.
- The Hill - Don't give ISIS 'more dignity than it deserves,' DHS secretary says
U.S. - Saudi
The Roosevelt and Abdulaziz Meeting, 70 Years On: A Conversation with Thomas Lippman
It’s important to understand the context in which President Roosevelt and King Abdulaziz met. An American oil company had negotiated an oil concession from Saudi Arabia in 1933 to have exclusive rights to explore for and lift and process and ship whatever oil might be found in Saudi Arabia. The company struck oil in commercial quantities in 1938. The first cargoes of oil for export were loaded in 1939.
- Arab News - Time-tested Saudi-US ties
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