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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
Fitch Ratings has affirmed Saudi Arabia’s Public Investment Fund’s (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A+’ with Stable Outlook, the organization said in a press release.
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Aramco produces first unconventional tight gas at South Ghawar
Aramco has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule. This development supports Aramco’s strategy to increase gas production by more than half, over 2021 levels, through 2030, subject to domestic demand.
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AlUla’s Ancient Kingdoms Festival Spotlights the Region’s History
The Ancient Kingdoms Festival in AlUla, Saudi Arabia returns for its second year November 16-December 2. The festival celebrates the three great oases of AlUla, Khaybar, and Tayma.
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Iranian President Meets with Crown Prince Mohammed bin Salman for First Time with Regional Stability in the Spotlight
Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade, meeting with Crown Prince Mohammed bin Salman for the first time in the Kingdom.
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Google to Launch Saudi Cloud Region this Week, VP Says
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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The Saudi economy and government spending with former IMF Country Head for Saudi Arabia Tim Callen, big announcements from The 966, and much more…
Tim Callen, ex-IMF Mission Chief to Saudi Arabia and Visiting Fellow at AGSIW, joins The 966 to discuss Saudi Arabia’s budget, government spending, and more. Tim’s most recent piece for AGSIW discusses how increased spending in Saudi Arabia raises risks to the Saudi budget. The hosts take advantage of Tim’s extensive experience and vast knowledge on how […]
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Saudi Arabia signs $533m deals with Africa; PIF Plans Investment Announcements – Reports
Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a “significant boost to the Kingdom’s ties with the continent,” according to reports.
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Saudi Arabia to Convene Emergency Arab Summit in Riyadh ‘In the Next Few Days’ and Will Postpone Arab-African Summit
Saudi Investment Minister Khalid Al Falih said the Kingdom would convene an emergency Arab summit in Riyadh “in the next few days” to discuss the ongoing war in Gaza.
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Saudi Arabia Launches Separate Real Estate Registry, Indicators Platforms – Report
Saudi Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majid al-Hogail launched on Monday the Real Estate Registry platform and the Real Estate Indicators platform on the sidelines of the Saudi Proptech Summit, according to a report in the Saudi-owned Asharq Alawsat.
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Saudi Arabia Eyes Stake in $30 Billion Indian Cricket League – Report
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), international cricket’s most lucrative event, Bloomberg reports.
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Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
For the meanwhile, it appears that neither Israel nor Iran wants a direct war with each other, and both appear ready to consider the recent exchange of attacks, although not their underlying causes, resolved. It certainly helps that no one appears to have been killed in either country, and that was undoubtedly intentional, since both sides have the clear ability to inflict far more destruction and deaths in each other’s territories if that was what they wanted.
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Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners
A judge declared a mistrial Thursday after a jury said it was deadlocked and could not reach a verdict in the trial of a military contractor accused of contributing to the abuse of detainees at the Abu Ghraib Prison in Iraq two decades ago. The mistrial came in the jury’s eighth day of deliberations. The deliberations went far longer than the trial itself.
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Secondary school graduates can get enrolled in universities across all Saudi regions
The Saudi Council of Universities Affairs issued a decision to open admission for government secondary school graduates in universities across all regions of Saudi Arabia, effective from the next academic year 1446.
The council stated that the prerequisite to limit the admission to students from the administrative region to which the university is affiliated will no longer be applicable. The council’s decision aims to enable male and female students to search for the appropriate academic paths for them, and to provide opportunities for fair competition for university seats in all government universities throughout Saudi Arabia. -
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
The Saudi Ministry of Hajj and Umrah has launched the Nusuk pilgrim card, which will be in use for the forthcoming annual pilgrimage of Hajj 2024.
Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia. -
Axis of Resistance Continues its Battle
or the six months following the October 7 Hamas attack on Israel, the region appeared to settle into a predictable, if volatile, pattern in which Iran acted indirectly, through its so-called “Axis of Resistance” partners, to strike against Israel, Israel’s main backer, the United States, and global commerce transiting the Red Sea, as a means of exerting pressure on Israel to end its offensive against Hamas.
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US needs cheaper ways to shoot down drones, Pentagon acquisition chief says
After months of shooting down drones over the Middle East, the cost of those interceptions is getting too high. That’s according to the Pentagon’s chief of weapons procurement, who said that efforts to take out uncrewed aerial systems are now exceeding $100,000 per shot.
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Will Iran’s supreme leader revise his ‘nuclear fatwa’?
Following Iran's Apr. 14 military action against Israel in response to the Apr. 1 bombing of the Iranian consulate in Damascus, a senior commander of the Islamic Revolutionary Guard Corps (IRGC) explicitly suggested the possibility of a revision to Tehran’s objection to atomic weapons. The suggestion may only be a part of the war of words between Iran and Israel. However, the fact that such discourse is rapidly becoming mainstream in Iran raises questions of what may lie ahead—including whether a shift may take place under Khamenei, who has long opposed atomic weapons on a religious basis.
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Fresh chaos, arrests on US college campuses as police flatten camp at UCLA
Police forcibly removed scores of defiant pro-Palestinian protesters at several colleges on Thursday, including taking down an encampment at UCLA in a jarring scene that underscored the heightened chaos that has erupted at universities this week.In the pre-dawn hours, helmeted police swarmed a tent city set up at the University of California in Los Angeles, using flash bangs and riot gear to push through lines of protesters who linked arms in a futile attempt to halt their advance.
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Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems
The success of ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say - and intensify missile arms races.Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system.
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Nearly 2,200 people have been arrested during pro-Palestinian protests on US college campuses
Police have arrested nearly 2,200 people during pro-Palestinian protests at college campuses across the United States in recent weeks, sometimes using riot gear, tactical vehicles and flash-bang devices to clear tent encampments and occupied buildings. One officer accidentally discharged his gun inside a Columbia University administration building while clearing out protesters camped inside, authorities said.
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