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Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince
A Saudi soldier in training in the United States opened fire on a naval base in Pensacola, Florida on Friday, killing three and wounding 12. Second Lt. Mohammed Saeed Alshamrani was then killed by a sheriff’s deputy who responded to the attack. The attack shocked Saudis and Americans alike.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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China’s Imports of Saudi Oil Soar 76% in October as Demand Increases
China’s crude oil imports from Saudi Arabia rose over 75% in October as demand from new refiners was met by the Kingdom, according to Reuters data. The 76.3% rise in October was boosted by demand particularly from from two new integrated refineries, the Hengli Petrochemical Co. in the north, and Zhejiang Petrochemical in the south, Reuters reports. […]
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Aramco Quickly Met Global Demand After Attacks, Saudi Arabia’s King Salman Says in Annual Address
Saudi Arabia’s King Salman said in his annual address to the Shoura Council on Wednesday that the ability of Saudi Aramco to quickly restore oil production capacity after attacks on its facilities in September “had proven the kingdom’s ability to meet global demand during any shortage,” Reuters reports. The King pointed a finger at Iran […]
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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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Defense Secretary Esper in Riyadh for Surprise Visit; Kushner, Mnuchin to attend Future Investment Initiative
Secretary of Defense Mark Esper arrived Monday in Saudi Arabia for an unannounced visit as the U.S. and Saudi Arabia seek to bolster their joint defense in the face of rising regional tensions. Secretary Esper met with Saudi Arabia’s King Salman in Riyadh, photos show, and Esper said he discussed the deployment of U.S. forces and […]
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Law Firm Pillsbury Analyzes First Cases in Saudi Arabia’s New Bankruptcy Law
Law firm Pillsbury published a research note highlighting the recently passed bankruptcy law in Saudi Arabia that incorporated modern alternatives to liquidating businesses in the Kingdom, using the first cases decided by the Saudi judiciary as case studies. “For several years now, judges in [bankruptcy] courts have been involved in seminars and training workshops to help prepare them to rule […]
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Saudi Arabia, France Announce ‘Major Partnership’ for Al-Ula Development
France and Saudi Arabia have announced a “major partnership” to develop the area of Al-Ula, a historic site in the Kingdom that is part of its push to bring in tourists and open the Kingdom up to investment. According to The National, the new partnership will take place in three phases, with the first being completed in […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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King Salman Opens Jeddah Airport’s New Terminal
Saudi Arabia’s King Salman opened and toured a new terminal at King Abdulaziz International Airport in Jeddah on Tuesday as the Kingdom continues to invest in ambitious plans to transform its tourism sector. The new King Abdul Aziz International Airport Terminal 1 (KAIA Terminal 1) in Jeddah is one of the biggest infrastructure projects undertaken […]
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MUST-READS
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The shifting foundations of Gulf-US ties
For context, let us remember that in 2008, US oil production was below 4 million barrels a day while imports from Saudi Arabia hovered above 1.5 million barrels. The US now produces 13 million barrels a day — 4 million more than Saudi — and imports less than 500,000 barrels from the kingdom. Saudi Arabia and the UAE’s biggest oil markets are now based in the East, with China and India leading the way.
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Gaza’s Suffering Is Unprecedented
The Palestinian people had never experienced this level of day-to-day suffering. Although periods of intense violence have occurred, especially at the height of the Second Intifada and during the 2014 war in Gaza, the norm has been low-intensity conflict. In a Palestinian context, the current war in Gaza is unprecedented.
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How a Saudi startup is pioneering the cultivation of algae in the desert
Hashem’s Jeddah-based startup is pioneering new methods to grow algae in the desert, using innovative outdoor cultivation systems that rely on advanced monitoring technology to overcome the environmental challenges of Saudi Arabia’s arid climate. His journey began in Boston, where he earned a degree in chemical science before pursuing a master’s in organic chemistry at King Abdullah University of Science and Technology in Saudi Arabia.
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How the convergence of AI and 5G is transforming Saudi Arabia’s smart technologies
According to a recent PwC report called “The Smarter Phone,” AI-enabled smartphones are already integrating with daily activities, leveraging predictive analytics to automate routine processes and provide real-time solutions. AI-powered assistants, image recognition and voice command systems are increasingly becoming integral parts of mobile devices, enabling more intuitive user interfaces and features such as facial recognition, automated photo sorting and smart scheduling.
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Hundreds of non-native speakers take Saudi Arabia’s standardized Arabic test
Hundreds of non-native speakers have been tested on their Arabic language skills in Saudi Arabia’s new standardized language test this week, according to the Saudi Press Agency. A total of 315 candidates from 22 countries took the Hamza Arabic Language Test in person, which was conducted by the King Salman Global Academy for Arabic Language, in collaboration with seven Saudi universities.
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Chip Giants TSMC and Samsung Discuss Building Middle Eastern Megafactories
Two chip-making giants have discussed building huge factory complexes in the United Arab Emirates that could transform the industry in the coming years and become a cornerstone for artificial-intelligence investments in the Middle East. Top executives at Taiwan Semiconductor Manufacturing Co. TSM 0.39%increase; green up pointing triangle, the world’s largest chip maker, have visited the U.A.E. recently and talked about a plant complex on par with some of the company’s largest and most advanced facilities in Taiwan, according to people familiar with the interactions.
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New Iran president’s entourage in NY signals Iran preparing to negotiate
The message the Iranian diplomatic entourage suggested is that Iran is trying to best position itself to renew diplomacy with the west when the other side is ready. Six weeks before the US presidential elections, it seems unlikely that the Biden administration will try to pursue direct negotiations with the new Iranian team. But it seems plausible that the entourage may have a chance to speak with expert contacts and perhaps some former officials to update each other on how they are thinking and help lay the groundwork for future talks when a new U.S. president takes office.
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Saudi Arabia committed to transforming tourism into sustainable industry: Minister
Saudi Arabia’s efforts in promoting tourism go beyond economic benefits, as it paves the way for people worldwide to explore the Kingdom’s rich and ancient culture, while allowing its people to discover the other cultures. This statement came during the G20 Tourism Ministers' Meeting, held in Belém, Brazil.
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Egypt is cozying up to Somalia to thwart Ethiopia
Tensions between Egypt and Ethiopia have escalated in recent days. Relations between the two African countries, already strained since 2011 due to Ethiopia’s construction and filling of the Great Ethiopian Renaissance Dam (GERD) on the Blue Nile—a project Egypt views as a major threat to its water and food security—have further deteriorated. The recent downturn comes after Egypt forged closer ties with Ethiopia’s rival, Somalia.
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US sends additional forces to Middle East as tensions soar
Americans in Lebanon should leave now while flights are still available, White House national security spokesman John Kirby said, as violence flares between Israel and Hezbollah.
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