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House Speaker Ryan meets Saudi King Salman in Riyadh
U.S. House Speaker Paul Ryan is leading a Congressional delegation to the Middle East, meeting with Saudi King Salman Wednesday in the first regional stop for talks centered on security, the Associated Press reports. The week-long Congressional Delegation (CODEL) trip to the Middle East “will focus on regional stability, the campaign against ISIS and terrorism, […]
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Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]
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Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]
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First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]
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Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]
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Former President of Yemen Ali Abdullah Saleh Killed by Houthi Allies in Major Turning Point
In a major turn in the ongoing civil war in Yemen, former President Ali Abdullah Saleh has reportedly been killed in fighting against his former allies in the three-year old war, the Iran-aligned Houthi militia. Clashes broke out between fighters allied with the armed Houthi militia and those in Saleh’s General Peoples Congress over the […]
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Saudi Arabia to Issue First Individual Tourist Visas in 2018, Prince Sultan bin Salman Says
Saudi Arabia plans to issue its first individual tourist visas next year as the Kingdom looks to expand tourism and leisure as part of its ambitious Vision 2030 economic and social reform plans. The confirmation came through comments made by Prince Sultan bin Salman, head of the Saudi tourism and national heritage commission, to CNNMoney’s Richard Quest. Visas […]
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With Regional Turmoil and Domestic Changes, Resolution of Qatar Crisis Slips in Priority for Saudi Arabia
The emergence of new foreign policy and domestic challenges for Saudi Arabia in recent weeks have taken precedent over resolving the Arab-led embargo of Qatar, according to Saudi Arabia’s leaders, as the United States reportedly has stepped in to support the Kingdom now elsewhere in the region. Exactly one month ago, Secretary of State Rex […]
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Media Conglomerate Saudi Research and Marketing Group Acquires Stake in Argaam Financial News Service
The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service Argaam.com, according to reports. SRMG Chairman Prince Badr bin Abdullah Al-Saud said the acquisition “will help pave the way to a “brighter future” for the digital content industry in […]
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New Archeological Discoveries in Tabuk, Saudi Arabia Date Back to Stone Age
New rock and animal drawings and other archeological discoveries were unearthed in the Tabuk region of Saudi Arabia by experts from France and the Kingdom, according to reports. Operating under the supervision of the Saudi Commission for Tourism and National Heritage (SCTH), teams discovered a large number of tools, engravings and architectural units in three […]
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MUST-READS
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How can Africa tap its huge potential for Islamic banking?
slamic financial instruments such as sukuk appear to be ideal for Africa, both in providing funding and serving the needs of its large Muslim population, so what is holding back its development?
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Why are Saudi women suddenly starting to take jobs?
Over the past few years, the Saudi Arabian government has made significant reforms to incentivize women to find employment and to protect them better on the job. These reforms also increased Saudi Arabia’s score in the World Bank Women, Business, and Law (WBL) database by almost 50 points (Figure 1) between 2016 and 2020. In parallel, female labor force participation rates improved at unprecedented rates, rising by 14 percentage points during the same time.
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Will Saudi Arabia haters apologize after ‘Bezos Hack’ truth?
“As we have said, reports that the Kingdom leaked Mr. Bezos’ personal photos were absurd. Now that the truth is out, we call on journalists in the US media & the former UN rapporteur to be more responsible in their reporting and to investigate claims no matter their source,” the embassy said in a tweet.
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Mideast diplomacy? In much of the region, it’s a season of rebirth.
For now, says Mr. Abdulla, the Emirati analyst, “everyone is in the mood to de-escalate, and we have seen it backed up by actions on the ground, too.” “But are regional powers just buying time to compose themselves and compete again, or is this a long-term strategic shift? We are only in the first five minutes of this process; we will have to wait and see.”
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Opinion: Can Normalizing Saudi-Israeli Relations Improve MbS’ Reputation in DC?
MbS must deal with constraints that will likely give him good reason to avoid signing a diplomatic deal with Israel under the current circumstances. Regionally, there are concerns about how rivals and adversaries could leverage any Saudi-Israeli accord against the Kingdom to try and convince more Arabs and Muslims that the Al Saud family is not in a position to lead the Islamic world.
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Perspective: A Relationship in Flux – Can Turkey and Saudi Arabia Stabilize Relations?
Hopes of a Saudi-Turkish detente were dashed in January when Saudi F-15 fighter jets took part in a joint exercise with Greece in the eastern Mediterranean. Before the Greek-Saudi joint military exercises, however, Turkey established a large military presence in strategic locations in the east, south, and west of Saudi Arabia; the country maintains military bases in Qatar and Somalia, and Turkish warships have an enduring presence in the Red Sea.
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Is Iron Dome effective against Hamas rockets as originally thought?
During the 2014 Gaza War, Hamas fired almost 4,000 rockets, but that was spread out over 50 days. It usually fired dozens of rockets in a day at most, and spread them out over the day. Its high was around 200 rockets spread over a whole day – and out of the 50 days of the war, it fired more than 100 rockets per day for only around two weeks.
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Amid Nuclear Talks, Is Iran in a Foreign Reserves Crisis?
With US sanctions trying to cut off Tehran’s access to financial markets and transactions — as well as sharply reducing oil exports — Iran has long faced the question of whether its economy is backed by a sufficient level of foreign currency. The issue is linked to a sharp decline in Iran’s own currency. The rial sank to more than 300,000:1 v. the US dollar, compared to previous historic lows of 180,000:1 in autumn 2018 and 45,000:1 early that year. With the prospect of a renewed deal and the lifting of the American sanctions, the rial has recovered to 226,800:1.
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Perspective: Will the Saudi-Iranian talks deliver a win for Iraq?
Yet none of this means that the differences between the Kingdom and Islamic Republic are not vast. US presence in the region is a contentious issue for Tehran – as much as the Iranian regime’s ideology and proxy wars in the region are for the Arab states. This explains why these talks are supposedly taking place primarily through security channels.
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Saudi Arabia’s Economic Strategy: From Kitchen Sink to Virtuous Cycle?
In a highly anticipated interview on April 27, Crown Prince Mohammed bin Salman made a broad case for more centralization of economic policymaking, which he considers necessary to drive Vision 2030 forward. The government has reportedly set up a Budget Bureau and plans to launch a new Policies Office this year. These measures may help to provide much-needed coherence and sustainability to various economic strategies. Indeed, the International Monetary Fund recommended years ago that the Saudi government establish a broader framework to guide investment and borrowing decisions.
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