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More Airstrikes in Saudi Arabia as Soldiers Said to be Captured by Houthis
Two Saudi soldiers fighting with the Arab coalition in Yemen have been detained by Houthi rebels and three others are missing as Saudi airstrikes continue to pound targets across the war-torn country today. The two Saudi soldiers were on the ground in Yemen and “are detainees and not hostages,” according to Brig. Gen. Ahmed Asseri of […]
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Report: Crane collapse and subsequent action against Binladin Group ‘deeply troubled Saudi King Salman’
The collapse of a crane in Mecca on September 11th “deeply troubled” Saudi Arabia’s King Salman as analysts say the King took unusually swift response in sanctioning the Binladin group. According to an AFP report which cited unnamed western diplomats, authorities were “embarrassed” by the accident and expressed surprise that the company was sanctioned only […]
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2015 C3 US-Arab Business Summit – New York City
In collaboration with the U.S. Department of State, the U.S. Chamber of Commerce, and C3 International, the C3US-Arab Business Summit will take place on Monday, October 19, 2015, in New York City at the Union League Club. The summit will focus on “Cyber Security, Smart Cities, and Bilateral Prosperity.” Save the date and register now […]
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Construction Week’s 2015 Power 25 list for Saudi Arabia; El Seif Engineering #2
The well-regarded industry tracker, Construction Week Online, issued its 2015 Power 25 for Saudi Arabia recently. As the article notes, “This is a celebration of those who are shaping both the industry, and the regional landscape. True to its roots, this year’s list is dominated by powerhouses from across Saudi but you will notice new entrants […]
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The Middle East’s Migration Crisis Brings Regional Challenge Home to Europe, Gulf States
As a global crisis emerges on how and even if it is possible to accommodate the displaced from Syria’s conflict, a once-distant conflict for many in Western nations and in Gulf states is now a real and visible problem that cannot be ignored. With hundreds of thousands of migrants in exodus – many of whom have left Syria as […]
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Jadwa Investment: Oil sector GDP growth revised up following higher than expected year-to-date oil production in Saudi Arabia
In Jadwa Investment’s recently released report on the Saudi economy, the Riyadh-based finance firm sees limited upside to oil prices for the remainder of the year but increased production leading to growth in Saudi Arabia’s oil sector GDP. “Brent oil prices year-to-date average is currently 55 per barrel (pb), down 51 percent, year-on-year. The combination of […]
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Key Backing of Iran Deal by Saudi King Salman Could Further Boost U.S.-Saudi Military Ties
Following King Salman’s personal and public support for the P5+1 deal with Iran at the White House last week, the United States and Saudi Arabia have overcome one of the largest bi-lateral diplomatic hurdles in decades. The strong support follows months of salesmanship by the Obama administration and paves the way for continued military and […]
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As Saudi Student Scholarship Program Expands to All Students Abroad, MoE Explores Limiting Program’s Scope to Medicine and Engineering
While visiting the United States last week, Saudi Arabia’s King Salman extended the Kingdom’s already expansive scholarship program to all students studying abroad, including to those currently paying their own way. The King met directly with Saudi students studying in the United States while in Washington and made the announcement during his visit. However, according […]
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Yemen Surge: 10k Coalition Troops Pour into Yemen as Airstrikes Continue to Pound Houthi Targets
A Saudi-led alliance launched more air strikes on Yemen’s capital and more foreign troops were reported to be moving into the country, Reuters reports, an escalation in coalition involvement. Local sources cited by Reuters report an increase in Qatari, Sudanese, and Egyptian forces entering Yemen, while Saudi Arabia’s Saudi Gazette, citing Al Arabiya TV, reports […]
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King Salman’s Energetic Visit to Washington
During King Salman’s visit to Washington last week – his first official state visit anywhere – the King had back-to-back meetings with President Obama at the White House and met with Saudi military personnel, Saudi students, former U.S. presidents, former Aramco employees and the U.S.-Saudi business community in a schedule that provided a boost to U.S.-Saudi relations. […]
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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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A new perspective on Saudi Arabia’s Vision 2030
There is a certain amount of confusion among observers about Saudi economic strategy. We can gain clarity on this if we look at the many initiatives of Vision 2030 in the manner that a venture capitalist would look at his portfolio of investments. Doing so, we would see Crown Prince Muhammad bin Salman as placing bets on a large number of sectors, thereby hedging his risks since the economy only needs to win a few of these bets for actual diversification away from oil to take a meaningful step forward.
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US extends lead on Saudi Arabia, Russia in oil production race
Adapted from a new Energy Information Administration primer, the above graphic showing the U.S. producing more than any country in history is kind of an ink-blot test. Backers of the U.S. industry see an economic driver that provides global leverage as exports rise too. But climate groups are dismayed by growing fossil fuel development and say it cuts leverage in pushing other countries on energy transition. What's next: Don't expect anyone to catch up in the foreseeable future, EIA notes, because no other country has so much production capacity.
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India Rises As An Emerging Markets Darling
Net inflows into exchange-traded funds focused on Indian stocks shattered records in 2023, clocking in at $8.6 billion last year, according to Reuters. India’s NSE Nifty Index surged nearly 20% in 2023, handily outperforming the MSCIMSCI +0.3% emerging markets index’s 7% rise.
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IRIS Hotels in Saudi Arabia expands its portfolio with Hotelogix-powered centralised control
Hotelogix, a globally leading cloud-based hospitality technology provider, said Saudi Arabia's IRIS Hotels has been able to scale its business while expanding its portfolio on the back of a robust technology platform provided by its multi-property management system. Additionally, the group has been centrally managing operations across all 4 properties while complying with the Kingdom's National Tourism Monitoring Platform (NTMP) and The Zakat, Tax, and Custom Authority (ZATCA). IRIS Hotels is a well-known hotel group that offers a unique hospitality experience to its guests. With four boutique hotels operating in Riyadh, Taif, Jizan, etc., the group has gained immense popularity among leisure and business travellers. What sets them apart is their motto of providing "hospitality with heart and soul" - a philosophy that reflects in every aspect of their service. The group aims to grow further by adding 5-6 more properties.
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Israeli forces kill two Palestinians in West Bank raid after deadly night
Israeli forces killed two Palestinians during a raid in the occupied West Bank early on Wednesday, the official Palestinian news agency WAFA reported, bringing to five the number of Palestinians killed in different incidents within several hours. Yousef Nimer, a witness, said Israeli forces began firing at people he was sitting with outside a hospital in the city of Jenin as they were finishing Suhur, the final meal before sunrise during the Muslim fasting month of Ramadan.
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Sudan’s army claims control of national broadcast building
Sudan's army said it had taken control of the state broadcast headquarters from the Rapid Support Forces (RSF) on Tuesday in what would be its most significant advance against its paramilitary rival in nearly 11 months of war. The broadcast building lies in Omdurman, a city across the River Nile from Khartoum that forms part of Sudan's wider capital and has seen heavy fighting around military bases, bridges and supply routes.
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Saudi Arabia unveils world’s first-ever 3D printed mosque
Saudi Arabia recently celebrated the unveiling of the world's first-ever mosque crafted through the revolutionary technique of 3D printing in Jeddah. Nestled in the Al-Jawhara suburb, this mosque is named after the late Abdulaziz Abdullah Sharbatly, as a heartfelt tribute from his wife, the prominent Saudi entrepreneur Wajnat Abdulwahed.
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