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HSBC, RBS to Discuss Potential Merger to Create 3rd Largest Lender in Saudi Arabia
For sale stakes in two Saudi banks pose risks and opportunities for buyers as Saudi Arabia pushes forward with massive economic and social reform plans. One of those for sale stakes in Alawwal Bank may have found an interested buyer. HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s Saudi Arabia ventures are exploring a […]
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U.S. Secretary of Defense Jim Mattis Arrives in Saudi Arabia; First Top Trump Administration Official to Visit Kingdom
U.S defense Jim Mattis arrived in Saudi Arabia today, his first stop on a tour through the Middle East that will “focus on the fight against Islamic State and articulating President Donald Trump’s policy toward Syria,” Reuters reports. وزير الدفاع الأمريكي #جيم_ماتيس يصل #الرياض في أول زيارة لل #السعودية منذ توليه مهامه pic.twitter.com/Bp8RiYRlQp — U.S. […]
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Event Announcement: Vision 2030: One Year into Saudi Arabia’s Economic Reforms – A Discussion with Saudi Minister of Commerce Dr. Majed Al-Qassabi
Saudi Arabia’s ambitious Vision 2030 plan to reform the Kingdom’s economy was introduced almost one-year ago on April 26th, 2016. While it may take years or even decades to accurately measure the program’s successes and shortcomings, it is not too early to assess early progress with the critical initiative. Vision 2030: One Year into Saudi Arabia’s Economic […]
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Saudi Arabia Arrested 77 Suspected Terrorists Last Month
Saudi security forces arrested 77 terror suspects in March, according to an updated list posted on the Interior Ministry’s Nafethah Tawasol website and as reported in the Jeddah-based Saudi Gazette. The suspects belong to nine nationalities — 53 of them are Saudis. The others included 16 Turks, two Syrians, one Bengali, an Egyptian, an Indian, […]
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Saudi-American Healthcare Forum Set for April 23-26, 2017 in Riyadh
Under the patronage of H.E. Dr. Tawfiq bin Fawzan Al Rabiah, Saudi Arabia’s Minister of Health, organizers of the upcoming Saudi-American Healthcare Forum seek to build on the momentum established by previous events. The event, with the theme of Mapping the 2030 Transformation of the KSA Healthcare Sector: “The Road to Privatization,” will take place at the Ritz Carlton Riyadh […]
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U.S. Military Footprint Growing in the Middle East
Two months after the inauguration of President Trump, indications are mounting that the United States military is deepening its involvement in a string of complex conflicts in the Middle East – including in Yemen – that lack clear endgames, the New York Times reports in a detailed look at U.S. escalation in regional conflicts. According […]
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At Annual Arab Summit, King Salman Stresses Solidarity, Signs Deals with Jordan
Saudi Arabia’s King Salman is in Jordan this week for the annual Arab Summit, a meeting between Arab states on Wednesday to “achieve cooperation and solidarity” toward shared regional challenges. King Salman arrived early to meet directly with his Jordanian counterpart, King Abdullah II, and announce several agreements to boost cooperation and bilateral ties, including an […]
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Reports: Trump Administration Bans Laptops In-Flight for Saudi-US Flights
Lengthy flights from Saudi Arabia to the United States will now seem longer as the Trump Administration bans non-American carriers from allowing passengers to carry laptops in-flight. New TSA rules on flights originating from Riyadh and Jeddah state that laptops must be kept in checked baggage. The new rule “had been under consideration since the […]
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Seven Important Takeaways from Saudi Deputy Crown Prince Mohammed bin Salman’s Lunch Meeting with President Trump
A “senior advisor to Deputy Crown Prince Mohammed bin Salman” released an enthusiastic statement following yesterday’s meeting between the Prince and President Trump, calling the meeting a “huge success.” Observers of the U.S.-Saudi relationship will read the full text of the statement closely. It provides some insight into the thinking of Saudi leaders on the […]
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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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MUST-READS
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Neom Is Becoming a Destination of Destinations
There is little to suggest that the astonishing pace of development announcements at Saudi Arabia’s Neom will slow in 2024. Instead, Neom’s planners announced in January a luxury ecotourism retreat called Zardun as well as a “subterranean digitized community of the future,” dubbed Aquellum. On December 27, 2023, Neom unveiled Norlana – an exclusive “ultra-modern active lifestyle community.” The announcement of Utamo, an immersive destination for art and entertainment, on December 13, 2023 reflected yet another of Neom’s efforts to create a “truly unique experience” while simultaneously supporting sustainable development. Similar luxury, ecotourism locations within Neom – Leyja, Epicon, and Siranna – have emerged as conceptual projects in recent months. Also in December 2023, Neom launched a food company, Topian, which aims to foster “a vibrant community of scientists, industry experts and innovators,” and completed the ownership transfer and rebranding of Al Suqor Club to Neom Sports Club.
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Opinion: The Next Global War
The United States isn’t facing a formalized alliance of adversaries, as it once did during World War II. It probably won’t see a replay of a scenario in which autocratic powers conquer giant swaths of Eurasia and its littoral regions. Yet with wars in eastern Europe and the Middle East already raging, and ties between revisionist states becoming more pronounced, all it would take is a clash in the contested western Pacific to bring about another awful scenario—one in which intense, interrelated regional struggles overwhelm the international system and create a crisis of global security unlike anything since 1945.
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The best things to experience in Saudi Arabia according to the people who know it
Closed to tourists until recently, Saudi Arabia is still an unknown quantity for many would-be travelers.
That’s changing fast. The country reported a 56% growth in international arrivals in 2023 from 2019 pre-pandemic levels, according to the UNWTO.
So, where are some of the best places in this emerging tourism destination to go?
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Perspective: Deciphering Blinken’s Unguarded Optimism
No reputable analyst would doubt the need to end the bloody conflict in Gaza as soon as possible and to divert the attention of the warring parties to peaceful regional endeavors, for which Blinken called. But the rosy picture he depicted was quite surprising, to say the least, in light of the continued bloodletting in Gaza facilitated and supported, financially and militarily, by the Biden administration. The White House still refuses to call for a permanent halt to the fighting despite its daily perfunctory nod to the massive human toll on Palestinian civilians in Gaza.
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Davos Dispatch: The case for optimism amid global upheaval
Amid the geopolitical gloom that pervaded the World Economic Forum here this past week—with intractable wars in Europe and the Mideast and unsettling tensions in Asia—International Monetary Fund Managing Director Kristalina Georgieva made a case for optimism, quoting the legendary economist John Maynard Keynes. Georgieva reminded a select group of global political, business, and civil society leaders of Keynes’ words from a 1930 essay, written against the backdrop of the Great Depression, the rise of communism and fascism, and national and international despair (the meeting was off-record, but Georgieva approved this to be shared publicly):
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Saudi Arabia launches National Biotechnology Strategy set to transform the Kingdom
According to the official Vision 2030 website, the National Biotechnology Strategy will build on the Kingdom’s existing strengths, including access to robust capital, a large market, the government’s commitment, and a unique gene pool.
These factors will advance Saudi Arabia’s capabilities across four strategic plays: vaccines, bio-manufacturing & localization, genomics, and plant optimization.
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Saudi Arabia gears up for safe Hajj season with early security preparations
Saudi transport authorities have urged private sector institutions involved in the annual Hajj pilgrimage to initiate early security measures for the upcoming season.The instructions to transport agencies primarily focus on the carrying any explosive substances. A strict prohibition on the use of such substances in Mecca and Medina has been mandated for a month-long period, spanning from the 20th of Dhul Qadah to the 20th of Dhul Hajjah, coinciding with the Hajj season, Saudi news website Akhbar24 said.
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US Extends Lead Over China in Race for World’s Biggest Economy
US gross domestic product rose 6.3% in nominal terms — that is, unadjusted for inflation — last year, outpacing China’s 4.6% gain. While some of the outperformance reflected America’s elevated price increases, the 2023 outturn underscores a broader point: The US economy is emerging from the pandemic period in a better place than China’s.
“It is a striking turn of fortunes,” said Eswar Prasad, who once led the International Monetary Fund’s China team and is now at Cornell University. “The strong performance of the US economy, in tandem with all the short-term and long-term headwinds the Chinese economy is facing, renders it a less obvious proposition that China’s GDP will someday overtake that of the US.”
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Biden to send CIA chief to advance new hostage release/extended pause deal
The planned talks, to involve Burns as well as Israel Mossad chief David Barnea, Egyptian intelligence chief Abbas Kamal, and Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani, are expected to be held in Europe. They come as Israeli media reported that a tentative agreement on the principles for a deal to release all the remaining hostages in exchange for an extended cessation of hostilities has been reached.
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World Court says Israel must take steps to prevent acts of genocide in Gaza
The World Court on Friday ordered Israel to take action to prevent acts of genocide as it wages war against Hamas militants in the Gaza Strip, but it stopped short of calling for an immediate ceasefire.Ruling on a case brought by South Africa, the court said Israel must ensure its forces did not commit genocide and take measures to improve the humanitarian situation for Palestinian civilians in the enclave.
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