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King Salman Opens Annual Janadriyah Festival as Kingdom Puts Saudi Culture On Display
Saudi Arabia’s King Salman on Wednesday attended the opening ceremony of the Kingdom’s 32nd National Festival for Heritage and Culture, held in Janadriyah village on the northern outskirts of Riyadh. The annual festival, known as the Janadriyah Festival, is a vibrant display of Saudi cultural traditions and heritage, and lasts 18 days. The festival’s first day saw King […]
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JLL Research: 2018 a ‘Year of Implementation’ for Saudi Arabia
A recent report by international real estate company Jones Lang LaSalle said that 2018 would be a “year of implementation” for Saudi Arabia following a historic 2017 in which Saudi Arabia saw great social and economic change. JLL predicts that recent reforms enacted by King Salman and Crown Prince Mohammed bin Salman will “translate positively” to the economy and […]
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Saudi Arabia Releases Prince Alwaleed bin Talal and Three Other Prominent Detainees
Just hours after a Reuters interview with reporter Katie Paul, Prince Alwaleed bin Talal was released from his cushy confines in the Ritz Carlton, Riyadh, where he and other prominent businessmen and royals have been detained in a crackdown on corruption in Saudi Arabia that started in November. Prince Alwaleed gave a tour of his large […]
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Report: Locations Scouted for Potential Nuclear Power Plant Sites in Saudi Arabia
Saudi Arabia is eying initial work on two sites for its first nuclear power plants, a report in MEED said, as the Kingdom looks to bolster alternative sources of energy to free up oil for export and power the growth needed for its Vision 2030 program. The kingdom has shortlisted two sites “and has invited […]
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Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]
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Gas Prices Set to Rise 80% in Saudi Arabia as New Relief for Low Income Saudis Planned
Saudi Arabia will soon raise gasoline and jet fuel prices by 80% on consumers as part of broader economic reform plans meant to curb domestic consumption of oil that could be used for exports. The rise in prices is a result of the gradual elimination of energy subsidies that have long kept prices at world-leading […]
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Jadwa Investment Latest Chartbook Highlights ‘Improving Performance’ Indicators in the Saudi Economy
The latest edition of the monthly Chartbook from Jadwa Investment finds economic indicators showed improving performance during the month of October this year, citing a “notable improvement” in cash withdrawals from ATMs and POS transactions. The Riyadh-based bank also noted an $8.2 billion increase (in month-to-month terms) in SAMA FX reserves for the Kingdom, to $493 billion in […]
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No Big Outflow of Money from Saudi Arabia Yet as U.S. Treasury Monitors Situation – Reports
There has been no big outflow of money from Saudi Arabia as a result of the sweeping anti-corruption crackdown that was announced two weeks ago, according to central bank governor Ahmed Al-Kholifey. In comments made to CNN and reported in Reuters, Al-Kholifey said Saudi Arabia is seeing “some increase, but it’s not that much,” and […]
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Trump Tweets U.S. Interest for Aramco IPO, but can the NYSE Compete?
President Donald Trump used his Twitter account to encourage Saudi Arabia to list shares of Saudi Aramco on the New York Stock Exchange (NYSE) as markets around the world compete for the sought-after listing. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United […]
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Investors, Analysts with Mixed Interpretations After Wild Weekend in Saudi Arabia
Investors and analysts are mixed in their reactions after a wild weekend for Saudi Arabia that put the Kingdom into the international spotlight. Within the span of just days, Saudi Arabia said it shot down a missile that nearly hit Riyadh’s international airport, launched a new corruption body that immediately arrested some of Saudi Arabia’s wealthiest international businessmen and […]
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MUST-READS
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Essay: Thoroughly Modern Muslim Turkey
Turks have always grasped better than most that modernity is something of a con game. Through hard experience -- spending decades, say, building what they thought were clean, cutting-edge, concrete apartment blocks only to be told by Europeans that a more modern government would have focused on historic preservation -- Turkish leaders discovered that the best thing about being a modern country is having the money and strength to decide what it means to be modern.
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Turkey, the Kurds and Iraq: The Prize and Peril of Kirkuk
The United States may currently be focused on the Islamic State, but Turkey is looking years ahead at the mess that will likely remain. This is why Turkey is placing conditions on its involvement in the battle against the Islamic State: It is trying to convince the United States and its Sunni Arab coalition partners that it will inevitably be the power administering this region. Therefore, according to Ankara, all players must conform to its priorities, beginning with replacing Syria's Iran-backed Alawite government with a Sunni administration that will look first to Ankara for guidance.
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Turkey to approve a bigger military role in Iraq and Syria — but not on American terms
Erdogan urged lawmakers to vote in favor of the resolution authorizing intervention in Syria and Iraq, which renews a similar 2012 mandate set to expire Saturday. Significantly, this authorization adds language allowing the government to permit “foreign militaries” to use Turkish soil for cross-border attacks, potentially paving the way for the United States to launch airstrikes from Turkish bases. The proposal is expected to pass because Erdogan’s Justice and Development Party has a majority in parliament.
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Erdogan says Turkey will join fight against Islamic State
Erdogan’s remarks in New York have yet to translate into concrete action. They nevertheless involve the clearest language to date on the topic and are expected to help staunch the flow of negative publicity Turkey has been receiving in the West about Ankara’s alleged soft stance on IS.
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The truth about Turkey and Islamic State oil
For decades, successive Turkish governments have tolerated this illegal trafficking based on some strategic logic. The 30-year war between the state and the Kurdistan Workers Party (PKK) impoverished the southeastern region, diminishing revenues from agriculture and husbandry. Smuggling remained the only source of income for some villages. “Pro-state” (anti-PKK) villages especially benefited from the government’s benign neglect, which was a form of compensation for their loyalty. The December 2011 accidental bombing of 34 smugglers from Roboski village by the Turkish armed forces was a horrific tragedy that exposed this tradition. Villagers revealed to the press that until that day, the soldiers always looked the other way when they “went out to smuggle.”
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Fleeing ISIS, Syrian Kurds Swarm into Turkey (28 Photos)
Late last week, ISIS fighters attacked a Kurdish city in northern Syria, after seizing 21 nearby villages in a major assault. The attack on the city of Ayn al-Arab, known as Kobani in Kurdish, drove hundreds of thousands of residents to flee, most heading to the nearby border with Turkey. The Associated Press is reporting that more than 150,000 Syrian Kurds have entered Turkey since the border was opened to refugees on September 19, and the United Nations warns that number could soon climb as high as 400,000
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How the Islamic State Took Turkey Hostage
While the details of the hostage deal are still unclear, Ankara has had interlocutors with IS -- from Arab tribes to former Iraqi Vice President Tariq al-Hashimi, who sought refuge in Turkey -- who could have been instrumental in reaching it. Such a deal, however, may include a promise of continued non-involvement in the campaign against the jihadist group, with the soldiers stationed at Suleyman Shah serving as an insurance policy for the jihadists.
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Turkey Is Courted by U.S. to Help Fight ISIS
The Obama administration began the work on Monday of trying to determine exactly what roles the members of its fledgling coalition of countries to fight the Islamic State in Iraq and Syria will play, with Defense Secretary Chuck Hagel huddled with the leaders of the one country the administration has called “absolutely indispensable” to the fight: Turkey.
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Turkey Struggles to Halt Islamic State ‘Jihadist Highway’ – WSJ
Turkey is struggling to close a "jihadist highway" that lets foreign militants slip across its border into Syria, amid pressure from Western governments and mounting security fears at home. Turkish forces have stepped up arrests, patrols and interrogations in recent months, but the rapid advance of Islamic State extremists in Iraq has made Ankara's initiative even more urgent, say Turkish officials, Western diplomats and residents.
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Turkey’s Culture Wars
Turkey is replete with political confrontations and cultural clashes, and way too often, unfortunately, the battleground is women’s bodies. Men of all political persuasions feel free to lecture women on how to dress and how to live.
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