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  • Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
     

    Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]

     
  • Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
     

    Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]

     
  • Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
     

    Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]

     
  • In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
     

    U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]

     
  • High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
     

    Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]

     
  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
     

    Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]

     
  • Sec. Mattis, Saudi FM Al-Jubeir Meet; U.S. Calls for ‘Transparent Investigation’
     

    U.S. Defense Secretary Jim Mattis said on Sunday that he has met with Saudi Arabia’s foreign minister, Adel Al-Jubeir, and called for a “transparent investigation” into the killing of journalist Jamal Khashoggi in Turkey, according to reports. Mattis said he met Saudi Foreign Minister Adel al-Jubeir during a conference in Bahrain on Saturday and discussed […]

     
  • Crown prince chairs first meeting on reform of Saudi intelligence services
     

    Saudi Crown Prince Mohammed bin Salman chaired the first meeting on Thursday of a special committee to reform Saudi Arabia’s intelligence services. The restructuring was ordered by King Salman after the murder in Istanbul of Saudi journalist Jamal Khashoggi. According to Arab News, the committee “assessed the General Intelligence Presidency’s current organizational structure and identified […]

     
  • FII Kicks Off in Riyadh
     

    The Future Investment Initiative (FII) kicked off today at the Ritz Carlton, Riyadh with a standing room only crowd despite an exodus of CEOs and other top executives in recent weeks. The PIF-organized event went forward as planned despite questions regarding the event’s timing, and saw a large crowd at the start of the event. The event […]

     

MUST-READS

  • GCC airlines adjust travel routes amid Israel-Iran tensions

    Several airlines operating in the Gulf have adjusted their flight routes to ensure passenger safety following Iran’s attack on Israel. Neighboring countries have closed their airspace and airline crews are navigating alternative routes to avoid the escalating conflict

  • Saudi Arabia hopes for de-escalation in Middle East, economy minister says

    Saudi Arabia is hoping for de-escalation and dialogue, Economy Minister Faisal al-Ibrahim said on Wednesday, when asked at a conference in Berlin about the situation in the Middle East following Iran's missile attack against Israel. Al-Ibrahim called the escalation unfortunate but said it was very hard to avoid discussing. "We hope that wisdom will prevail, de-escalation will happen, dialogue will come into place and more

  • Israel kills dozens in Gaza, sends tanks into southern areas, medics say

     Israeli military strikes across the Gaza Strip killed at least 60 Palestinians overnight, including in a school sheltering displaced families, medics said, as Israeli tanks advanced in areas of Khan Younis in the south of the enclave. Israeli tanks carried out a raid on several areas in eastern and central Khan Younis in the southern Gaza Strip, before partially retreating, leaving at least 40 people killed and dozens wounded, according to the official Voice of Palestine radio and Hamas media.

  • Israel reinforces military presence in Lebanon as Hezbollah reports clashes with troops

    The Israeli military said on Wednesday that regular infantry and armoured units were joining its ground operations in Lebanon, stepping up pressure on foe Hezbollah, as it prepared to retaliate against Iranian missile strikes. Already battling Hamas in Gaza, Israel is beefing up its presence in south Lebanon in its conflict with Hezbollah a day after it was attacked by Iran, raising fears the oil-producing Middle East could be engulfed in a wider conflict.

  • NEOM unveils Sindalah Yacht Club interiors ahead of 2024 opening in Saudi Arabia

    Sindalah will be the first island destination in NEOM and has been developed in collaboration with world-renowned Italian designer Stefano Ricci. Sindalah Yacht Club is set to become a premier destination for yacht owners, offering an unmatched gateway to the Red Sea.

  • Saudi Arabia’s hyperlocal retail market poised for $13.5bn surge, driving sector growth by 2030

    The retail market sector in Saudi Arabia is projected to see a major growth, with hyperlocal marketing emerging as a major driver with an estimated $13.5 billion (SAR 50 billion) in size, accounting for nearly 2 per cent of the country’s non-oil GDP over the next five years, a market study and sector experts said. The Kingdom’s hyperlocal market – serving customers in small geographical areas – is also predicted to see a slew of IPOs (initial public offers) as the leading players scurry to raise investments to fund their aggressive growth plans amidst the market seeing major consolidation drive.

  • Panic as Lebanese expats race to book flights for family out of Beirut amid escalating Lebanon-Israel conflict

    As most airlines suspend flights to and from Beirut, tickets on Lebanon’s national carrier MEA – the sole remaining operator – are sold out for weeks, stranding many seeking escape.

  • Life in Israel One Year After Oct. 7

    Gallup surveys conducted in Israel in July and August 2024, nearly one year after Hamas attacked Israel on Oct. 7, tell a story of a country at war and still struggling to recover from its darkest day in recent history. Here are five key insights into life in Israel as the war with Hamas continues in 2024 and threatens to widen.

  • Saudi minister warns of $50 oil if OPEC members don’t adhere to production cuts

    The report said he singled out Iraq and Kazakhstan in particular. About half of the oil market is supplied by OPEC members as other countries including the U.S. and Brazil are increasing production. The comments were reported to have been made before Iran lobbed missiles at Israel, which sent crude prices higher.

  • Saudi Arabia’s ACWA Power, Turkey Discussing Energy Investment

    Saudi Arabia’s ACWA Power Co. is in talks with Turkey about investing in the country’s green-energy industry, according to Turkish officials familiar with the negotiations. Turkey’s Vice President Cevdet Yilmaz told a local news channel over the weekend that a “Saudi-owned company” had expressed interest in investing $5 billion in energy and other sectors. The talks are between ACWA Power and the Ministry of Energy and Natural Resources, the officials said, asking not to be identified because the matter is private. It’s not clear how far those talks have advanced.