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  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Senate Set to Vote On Measure to End U.S. Support Saudi Arabia in Yemen as Pompeo Pens Op-Ed Touting ‘Vital Partnership’
     

    The U.S. Senate is expected to vote on legislation as early as Wednesday that would end U.S. involvement in the Saudi Arabia-backed war in Yemen, as the Trump Administration continues to publicly express support for the U.S.-Saudi relationship. Politico reports that the bill introduced by Sens. Mike Lee (R-Utah) and Bernie Sanders (I-Vt.) “has gained support since […]

     
  • Saudi Aramco Aims to Invest $150b to Become Gas Exporter – CEO
     

    Saudi Aramco’s gas expansion strategy needs $150 billion (117.55 billion pounds) worth of investments over the next decade as the company plans to increase output and become an exporter, Reuters reports, citing CEO Amin Nasser’s comments at an industry event in Dubai. Aramco is pushing ahead with its conventional and unconventional gas exploration and production program […]

     
  • Saudi Aramco CEO: ‘We Need a Major Acquisition For Us to Be In Different Markets Quickly’
     

    In an interview with Bloomberg, Saudi Aramco’s CEO Amin Nasser said the company is earmarking $500 billion to invest over the next 10 years, including $160 billion for natural gas developments and $100 billion for chemicals projects. The interview, given in Dhahran, Saudi Arabia, said the planned spending would come on top of the already planned purchase of a […]

     
  • Donald Trump Affirms Solidarity with Saudi Arabia in Written Statement as Top Senators Vow Further Action
     

    President Donald Trump vowed on Tuesday to remain a ‘steadfast partner’ of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month. “This is an unacceptable and horrible crime,” President Trump said in the statement, but added, “our relationship is with […]

     
  • Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
     

    Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]

     
  • King Salman Delivers Opening Speech at Shoura Council
     

    King Salman gave his annual speech at the opening of the third year of the Shoura Council’s seventh session on Monday and discussed a number of regional and local issues. The King urged the international community on Monday to halt Iran’s nuclear and ballistic missile programs, and reiterated the kingdom’s support for U.N. efforts to […]

     
  • Gulf Economies Recovering, but Oil Price Volatility Threatens to Weigh on Future Growth – IMF
     

    A recently released report by the IMF found that economic growth in Gulf states will recover in 2018 from a contraction last year, but that future growth remains vulnerable to volatility in crude oil prices. The global lender predicted that an overall energy price recovery from 2015-2016 lows would spur the economies of the six-nation Gulf […]

     
  • Top Think Tank in Saudi Arabia Studying ‘Hypothetical World Without OPEC’
     

    Saudi Arabia’s King Abdullah Petroleum Studies and Research Center in Riyadh is studying what happens to oil markets in a hypothetical world without OPEC, according to the Wall Street Journal and other reports. The study does not represent government thinking or any active discussions about OPEC within the Saudi government. “We’re looking at what happens if […]

     
  • S&P says Gulf countries need to raise $300 billion by 2021 – Report
     

    Gulf Cooperation Council (GCC) countries will need to raise about $300 billion between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to rating agency S&P as reported in Reuters. According to a Reuters report, the S&P expects 70 percent of the $300 billion of combined funding needs to be raised through debt […]

     

MUST-READS

  • Snowflake Expands to Saudi Arabia with New Regional Headquarters

    Customers across the Middle East have already been using Snowflake’s AI Data Cloud to discover and securely share data, as well as execute diverse analytic workloads, via Snowflake’s existing regional deployment in Dubai. With the addition of Snowflake’s deployment on Google Cloud in the KSA, regional customers have further flexibility of choice for deployment, and are able to choose a geographical region that best suits their operational needs. Organisations such as Almarai are using Snowflake’s AI Data Cloud to better access data to drive business decision making, all in a secure and governed platform.

  • Top US, Saudi military generals discuss situation in Syria and Lebanon

    The top US and Saudi military generals discussed security and stability concerns in the Middle East, specifically the situation in Syria and Lebanon, according to a Pentagon readout of the call. The Pentagon said that the Chairman of the Joint Chiefs of Staff, Gen. CQ Brown, and Chief of General Staff, Gen. Fayyad Al-Ruwaili, spoke about the importance of peacefully de-escalating tensions in the region. “The two generals spoke about ways to increase the strength of the bilateral relationship between the US and Saudi Arabian militaries, including capacity building, military training, and exercises,” Joint Staff Spokesman Jereal Dorsey said. “More broadly, they expressed a shared commitment to establish a strong coalition of regional partners that presents a powerful front to deter aggression and uphold regional stability.”

  • Qatar, Jordan, Saudi officials hold key talks with Syria’s new leadership

    Top Arab diplomats met with Syria's new leadership in an attempt to discuss rebuilding the war-torn country and future cooperation, with a Qatari diplomatic delegation, headed by the Minister of State for Foreign Affairs, being the latest to arrive in Damascus on Monday. The Qatari delegation's arrival marks the first Qatar Airways flight to land in the country's capital since the overthrow of the Bashar al-Assad regime two weeks ago, according to Qatari Foreign Ministry spokesman Majid Al-Ansari. In a statement on the social media platform X, Majid Al-Ansari announced that the delegation, led by Mohammed Al-Khulaifi, seeks to reaffirm Qatar’s support for Syrian sovereignty, as well as advocating for a smooth and peaceful political transition of power and aiding in the reconstruction of the war-torn nation.

  • Databricks sets up regional hub in Saudi Arabia

    Databricks, the Data and AI company, announced it has launched in Saudi Arabia. By opening a new office, and forming strategic partnerships, Databricks will invest in the future of Saudi Arabia and enable its growing local customer base to combine data, analytics, and AI with the Databricks Data Intelligence Platform. Data-forward organisations in Saudi Arabia are already innovating with the Databricks Data Intelligence Platform, including Abdul Latif Jameel and Panda Retail.

  • Saudi Arabia: Workers entitled to wages in lieu of unused leave

    Saudi Arabia, home to a large community of expat workers, has stressed that employees are entitled to receive wages for the days of due leave if he/she quits work before using them under the kingdom’s labour system. The Saudi labour law also stipulates that the worker has the right to get paid leave of not less than 10 days and a maximum of 15 days, including the Muslim Eid Al Adha holiday, to perform the annual Hajj pilgrimage in and around Mecca once during the time of his service if he/she has not performed the obligatory Islamic duty before. To obtain the Hajj leave, the worker should spend at least two consecutive years working for the same employer, who may determine the number of workers granted this leave annually according to the requirements of the work.

  • From Riyadh Metro to flying taxis: Saudi Arabia’s transport revolution easing commutes

    The Riyadh Metro is opening in three phases. The Blue Line, which is 38 kilometers (24 miles) long, was one of the first lines to partially open, alongside the Yellow and Purple Lines, and runs north to south through Downtown Riyadh. The Red and Green Lines launched on December 15, while the Orange Line is scheduled to open by January 5, 2025. “Alternative means of transport outside of cars are necessary. Riyadh is gridlocked,” Nazar Musa, CEO at Sovereign PPG KSA, told Al Arabiya English. “Public transport solutions are crucial to ease traffic flow around the city.” The entire project features six color-coded lines spanning 176 kilometers with 85 stations, making it one of the largest urban transport projects currently operational in the world. Forty percent of the tracks run underground, facilitating smoother journey times across the Kingdom. The system features 183 train rakes manufactured by Siemens, Bombardier, and Alstom, establishing itself as the world’s longest driverless metro network. The fully automated operation represents a significant technological leap for the region’s public transportation infrastructure.

  • Saudi: Diriyah opens new 157-key Marriott luxury collection hotel

    Diriyah Company announced the opening of Bab Samhan, a luxury collection hotel by Marriott International located on the outskirts of Saudi capital Riyadh. The hotel will feature 134 rooms and 23 suites all conveniently located near the Unesco world heritage site of At Turaif. Announcing the launch, Diriyah said Bab Samhan is the third major landmark asset to be opened in Diriyah, following At-Turaif and Bujairi Terrace. This is a first-of- its-kind hotel in the historic destination developed by the company, with over 40 more planned.

  • US lifts bounty on Syrian rebel leader who helped oust Assad

    American diplomats, on their first visit to the Syrian capital in 12 years, met with a Syrian rebel leader in Damascus today, two weeks after his group ousted Syrian dictator Bashar al-Assad. They said they were lifting a $10 million U.S. bounty on Ahmed al-Sharaa, the leader of Turkish-backed Hayat Tahrir al-Sham (HTS) and now Syria’s de facto interim ruler, after he committed to Syria not being a host for terrorist groups. “Based on our discussion, I told him we would not be pursuing the Rewards for Justice reward offer that has been in effect for some years,” Assistant Secretary of State Barbara Leaf told journalists from Amman, Jordan today, after returning from Damascus with a delegation that included US hostage envoy Roger Carstens and senior State Department Syria advisor Daniel Rubinstein. “The US is committed to working with the Syria people to help seize this historic opportunity,” Leaf said of her meeting with al-Sharaa. “We also discussed the critical need to ensure terrorist groups cannot pose a threat inside of Syria or externally, including to the US and our partners in the region.”

  • Iran’s political map shifts as crises erupt at home, abroad

    Sidelined under conservative Ebrahim Raisi’s presidency (2021-24), Iran’s pro-reform camp is gaining momentum under Masoud Pezeshkian. Amid growing domestic and foreign policy challenges—including an economic crisis and a society on edge over a new hijab law—Reformists are joined by centrists and pragmatic conservatives in pushing back against hardliners. This comes as the question of leadership succession continues to loom large.

  • Saudi Arabia ready to mine the future as it looks beyond oil

    The kingdom remains heavily reliant on oil revenues to fund government spending and push forward with large infrastructure projects planned under its Vision 2030 strategy, announced in 2016 and aimed at refocusing its economy away from oil. However, the kingdom is about to make a substantial investment in its mining sector, banking on growing demand for energy transition minerals such as lithiumcobalt and nickel, as well as gold and some rare earth metals. “Mining is a small industry now, but we are looking to quadruple the size of the sector by 2030, and we are already hitting the targets we set for 2025,” said Khalid Saleh Al-Mudaifer, His Excellency Vice-Minister for Mining Affairs, Ministry of Industry and Mineral Resources, Kingdom of Saudi Arabia. According to Saudi Arabia’s National Centre for Industrial and Mining Information, the country’s mineral wealth was estimated at SR9.4trn as of April 2024. Its non-oil sectors accounted for more than 50% of GDP for the first time in 2023, up from 47.4% in 2015.