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Riyadh Metro Milestone Hit As Drilling Completed in First Tunnel Section
Saudi Arabia’s long-awaited Riyadh metro project has hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line). According to TradeArabia, FCC said these works “represent a new milestone for the consortium after becoming the […]
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Saudi Students in the U.S. Increased 20% from 2013/2014 and Are Increasingly Placed in Diverse Institutions, Study Finds
A recent report on Saudi students in the United States by World Education News and Review (WENR) found that Saudis studying in the U.S. have increased by 20% in the last year and often apply to a wider range of schools other than the elite institutions that are a typical focus of international applicants. The […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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An Overview of the Conflict in Yemen, in Maps
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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HRH Prince Turki al-Faisal, in First Interview with Israeli Media, Chides Netanyahu for Refusing Peace
HRH Prince Turki al-Faisal gave his first televised interview with the Israeli media station Haaretz, and told the outlet that if Netanyahu was a far-sighted leader, he would negotiate on the basis of the Arab Peace initiative. If Benjamin Netanyahu “was more of a far-sighted leader, he would break the logjam and negotiate on the […]
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14 Years After 9/11 Attacks, U.S. Judge Throws Out Suit Against Saudi Arabia
A U.S. judge on Tuesday dismissed claims against Saudi Arabia by families of victims of the Sept. 11, 2001 attacks, just over 14 years after the strikes on the World Trade Center towers and the Pentagon. U.S. District Judge George Daniels in Manhattan said Saudi Arabia “had sovereign immunity from damage claims by families of […]
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Democratic Ex-Congressman Calls for Deepening of U.S.-Saudi Ties, ‘This partnership serves U.S. economic as well as security interests’
Former Rep. Gary L. Ackerman (D-N.Y.) from New York, who served for 30 years in the U.S. House, has penned an op-ed in The Hill outlining the importance of strengthening ties between the U.S. and Saudi Arabia. “Sometimes, it’s a good idea to reach out to your enemies. But don’t ever take old friends for […]
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SAMA Draws Down on ‘$50-70 Billion’ From Foreign Assets in Face of Sustained Oil Price Slump
Saudi Arabia is seeking to cut its widening deficit and “reduce exposure to volatile equities markets amid the sustained slump in oil prices” as it draws down a reported $50-$70 billion from foreign holdings around the world in 2015, according to a Financial Times report. The sale of assets is in line with estimates on […]
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Saudi King Salman Orders Safety Review After Hajj Stampede Tragedy
Saudi Arabia’s King Salman has ordered a safety review for the Hajj pilgrimage after at least 717 people died and 863 were injured in a stampede at Mina, near the holy city of Mecca, according to reports. Via a report in Germany’s DW, Saudi officials put the blame for the tragedy partially on”undisciplined pilgrims” who […]
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Over 700 Dead and Hundreds More Injured after Stampede in Mina Seen as ‘Worst Hajj Disaster in 25 Years’
At least 717 pilgrims were killed and 805 others were injured on Thursday in a stampede in Mina, outside the Muslim holy city of Mecca, in the worst disaster to strike the annual haj pilgrimage in 25 years. The stampede was caused by two large groups of pilgrims arriving together at a crossroads on their way […]
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Saudi Economy Contracted in 2023, But Growth Projections Unchanged for 2024
On March 10, the Saudi General Authority for Statistics released detailed gross domestic product data for Saudi Arabia in the fourth quarter of 2023 (the previously released fourth quarter “flash” estimate contained more limited information). The data confirmed that the Saudi economy contracted in 2023. The 0.8% drop in real GDP (i.e., GDP after accounting for inflation) was largely due to the 9% contraction in the oil sector that followed the production cuts under the OPEC+ agreement. Saudi Arabia’s non-oil sector grew by 3.8% and ended the year on a relatively strong note, with growth accelerating in the fourth quarter relative to the third quarter.
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Pepsi unveils new global visual identity across the Middle East
After 14 years, Pepsi is introducing its first major visual identity update, unveiling it across over 120 markets, including the Middle East. To mark this milestone in the region, Pepsi organized light and digital installations at landmarks across the Middle East, such as AlUla in Saudi Arabia, the Nile River in Egypt, the Dubai skyline, and Pigeon Rock in Lebanon. Pepsi highlights this as its first major global rebranding initiative designed to resonate with the vibrant culture of the Middle East.
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US-based CarbonCapture raises $80 mln from Saudi Aramco, others
Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil giant Saudi Aramco (2223.SE), opens new tab. The money raised in CarbonCapture's latest major funding round represents one of the largest injections of private capital into direct air capture (DAC) – a technology that has yet to be proven at scale - over the last five years, according industry tracker PitchBook.
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Jay Monahan says Saudi PIF discussions are ‘accelerating’ but refuses to answer specifics
During his annual press conference ahead of the 2024 Players Championship, Jay Monahan updated the media on the current state of discussions with Saudi Arabia’s Public Investment Fund. “As I’ve said on a number of occasions, you can’t negotiate a deal like this in public,” Monahan said at TPC Sawgrass on Tuesday morning. “I recently met with the governor of the PIF, Yasir Al-Rumayyan, and our negotiations are accelerating as we spend time together.”
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As dust from elections settles, Iran’s conservatives clash over spoils
The recent parliamentary and Assembly of Experts elections in Iran have seen hardliners score decisive victories against more traditional conservatives. In the aftermath of the Mar. 1 polls, divided conservatives have been battling out their differences in public. This comes despite the supreme leader warning against sowing differences for political gains.
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China’s limits as a diplomatic powerhouse
The spat between Iran and Pakistan earlier this year—a clash which saw armed cross-border operations by both sides—raises questions about China's potential role as a regional peace broker. Despite attempts to get involved, Beijing remained largely on the sidelines as Islamabad and Tehran de-escalated the situation on their own. This was surprising to many who had anticipated that China might emerge as the region’s next diplomatic heavyweight following its hosting of successful Iranian-Saudi normalization talks in Mar. 2023. As tensions brew in the Red Sea, Beijing’s credibility as a mediator has once again been put to the test.
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InterContinental opened 5 hotels in Saudi Arabia in 2023, 29 to follow: CEO
The InterContinental Hotels Group (IHG) opened five new hotels in Saudi Arabia in 2023, with 3,155 rooms. It also signed 14 agreements, and will soon launch another 29 hotels with 10,314 rooms, Asharq Al-Awsat newspaper reported, citing CEO Elie Maalouf. Maalouf pointed out that the Saudi hospitality sector is growing and is expected to witness an increase in revenues to reach $2.93 billion during 2024, with an annual growth rate of 3.33%. He also expected the market size to reach $3.34 billion by 2028. With nearly 50% of the group's development projects in the region completed, the Saudi market represents the most prominent opportunity for IHG hotels and resorts. This is especially true in light of Saudi Vision 2030 as a major contributor to diversifying economic activity.
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Saudi Arabia says incident with Rabbi Abraham Cooper was result of misunderstanding
Saudi Arabia said on Tuesday that the denial of Rabbi Abraham Cooper into Diriyah Gate was the result of a misunderstanding, clarifying that Riyadh’s ambassador to Washington, Princess Reema bint Bandar, had spoken with the Rabbi about the incident. “The matter was resolved but we respect his decision to not continue the tour,” a statement from the Saudi Embassy in Washington said.
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A two-state solution is the only way for Saudi Arabia to recognize Israel: Diplomat
The top Saudi diplomat, Prince Faisal bin Farhan, has constantly stressed the importance of taking irreversible steps to implement the two-state solution and to recognize the state of Palestine based on the borders of June 4, 1967, with East Jerusalem as its capital. During his State of the Union address on Thursday night, US President Joe Biden repeated previous comments that the only way for Israel to guarantee its security was through a two-state solution. He added: “There is no other path that guarantees peace between Israel and all of its Arab neighbors, including Saudi Arabia.”
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Saudi Arabia distributes dates in 93 countries
As part of King Salman’s gift program, Saudi Ministry of Islamic Affairs officials have been coordinating the distribution of dates in 93 countries while organizing iftar banquets in 60 nations. In Bosnia and Herzegovina, Saudi envoy Osama Al-Ahmadi, Bosnian Grand Mufti Husein Kavazovic, and other officials, attended ministry launch programs for the delivery of 10 tonnes of dates to more than 30,000 people during Ramadan.
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