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IMF Launches New Regional Office in Saudi Arabia
The goal of the new office is to strengthen the IMF’s collaboration with governments and institutions in the Middle East including promoting economic stability, growth, and regional integration. It also underscores the growing economic importance of the region.
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Global Defense Spending Spikes in 2023
According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index
Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.
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U.S. Ambassador Michael Ratney joins The 966 for a truly informative Episode #127
U.S. Ambassador Michael Ratney shares his insights with The 966 in a wide-ranging conversation with Richard Wilson. Just over one year in his position, Amb. Ratney offers his perspective on change in Saudi Arabia and an evolving U.S.-Saudi relationship.
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Biden’s Oil Boom
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
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Saudi Arabia to join Miss Universe for the first time
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Hyundai and Red Sea Global Agree to Test EVs and Air Mobility Systems
Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Global (RSG) to cooperate in the Middle Eastern country’s push for electrification and other eco-friendly future mobility projects.
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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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MUST-READS
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Israel’s Next Front? Iran, Hezbollah, and the Coming War in Lebanon
Over the past six months, tensions along Israel’s border with Lebanon have escalated dramatically. Israel has now deployed 100,000 troops to its north to confront the Shiite militant group Hezbollah, and the fighting there has steadily intensified. Nearly 400 Lebanese—including around 70 civilians and three journalists—have been killed, 90,000 Lebanese civilians have been displaced from around 100 towns and villages along the Israeli-Lebanese border, and Lebanese villages and olive groves have incurred widespread damage from phosphorus bombs.
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Will Biden enable Pakistani energy imports from Iran?
Ebrahim Raisi has traveled to Pakistan, marking the first trip by an Iranian president to the country’s eastern neighbor in over eight years. Iranian state media have focused on the potential economic benefits of the visit, which could involve a deal on the completion of a stalled gas pipeline opposed by the US. If Islamabad fails to complete its section of the pipeline, it could face Iranian legal action potentially resulting in 18B USD in fines.
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What does EU visa relaxation for Saudi, Bahraini, Omani citizens mean?
Under the new rules, Bahraini, Omani and Saudi Arabian nationals will be eligible for multiple-entry visas, allowing them to visit the Schengen area (the EU’s 27 member states as well as Bulgaria and Romania) and move freely between them.
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How is fine dining thriving in Saudi Arabia’s F&B Industry?
Experiential Dining: these days, with the rising competition, the fine dining restaurants are focusing on offering unique dining experiences that go beyond food and that includes theme decorations per local, internal, and seasonal activities, entertainment, and personalised services. These experiences drive word-of-mouth and social media sharing leading to always attract more customers and footfalls.
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How should a US-Saudi defence pact look?
My chief interest here is to explore what is required to make a US-Saudi defence pact most effective and credible for both parties in the eyes of friends and foes. In other words, I am starting off with the assumption that political leaders in Washington and Riyadh have agreed to move forward on this issue. The question I now wish to address is how they can build a mutually beneficial defence structure to support the pact.
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Why is Sudan still at war a year on?
The army and RSF had been in a fragile partnership after toppling a civilian government in an October 2021 coup, a move that derailed a transition from the rule of Islamist autocrat Omar al-Bashir, who was ousted amid a popular uprising in 2019.The rivalry between the two sides burst into the open over an internationally backed plan that would have launched a new transition with civilian parties and was due to be sealed just before the war broke out.
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Is the EU the North Star for Circular Economy Push in Saudi Arabia?
The European Union's (EU) circular economy (CE) framework is an exemplar of comprehensive and strategic environmental governance. This framework is meticulously designed to encompass robust legislation, set ambitious sustainability targets, and deploy diverse initiatives across sectors, which can serve as a powerful model for nations like Saudi Arabia aiming to enhance their own circular economy policies.
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What Does Neom’s Downsize Means for Saudi Arabia’s Vision 2030?
When launching The Line in 2021, the Saudi government had announced that 1.5 million people would be living in the city by 2030. Officials now expect there to be fewer that 300,000 residents by that time, according to a source cited by Bloomberg.The source said that officials expected only 2.4km of the 170km city to be completed by 2030. As a result of the scaling back, one contractor dismissed some of the workers it employs on site, according to a document seen by Bloomberg.
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Grid Bottlenecks on the Way in Europe?
A new analysis by the energy think tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for. As the following chart shows, Spain, France and Poland are just some of the countries that will have energy grids which undershoot their country’s respective 2030 policy targets for wind and solar capacity. Out of the 26 countries studied by Ember in this comparison, 11 will not have enough capacity for the expected wind and solar build out if the present grid plans are realized.
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Explainer: Could the Palestinians become a full United Nations member?
The Palestinian Authority on Tuesday formally asked for renewed consideration by the United Nations Security Council of its 2011 application to become a full member of the world body.Palestinian U.N. envoy Riyad Mansour told Reuters on Monday that the aim was for the council to take a decision at an April 18 ministerial meeting on the Middle East, but that a vote had yet to be scheduled.Here are details on U.N. membership:
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