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  • John Kerry to Visit Saudi Arabia
     

    U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism.  Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]

     
  • Ematah (Removal) Campaign Addresses Saudi Litter
     

    The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]

     
  • As Entertainment Industry Develops, A ‘Great Opportunity’ for Cinema Business Awaits in Saudi Arabia
     

    With Deputy Crown Prince Mohammed bin Salman’s recent visit to the United States that included meetings with several top entertainment industry executives in Silicon Valley, it is quite possible that entertainment options in Saudi Arabia could be dramatically greater in a decade. But what will that look like? The Vision 2030 document states that the Kingdom’s leaders “consider culture […]

     
  • U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
     

    The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]

     
  • Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
     

    A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]

     
  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
     

    A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]

     
  • Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
     

    Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]

     
  • Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
     

    The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]

     
  • New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
     

    A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]

     

MUST-READS

  • LuLu Seeks Pitches for $1 Billion IPO in Second Half of 2024

    LuLu Group International, which operates one of the Middle East’s largest hypermarket chains, has invited banks to pitch for roles on a potential initial public offering that could raise at least $1 billion, people familiar with the matter said. The conglomerate is considering plans for a dual listing in Riyadh and Abu Dhabi, the people said, asking not to be identified discussing confidential information.

  • Saudi Arabia’s investment ministry withdraws budget data

    Saudi Arabia's investment ministry removed fiscal data from a monthly bulletin published earlier on Monday on its website that showed the kingdom would record a budget surplus in 2023. There was no fiscal data in an updated version of the report on the website. A government official told Reuters that the numbers published earlier were not based on the latest 2023 fiscal data forecasts calculated by the finance ministry and were published in error.

  • Djokovic, Nadal to headline ‘Six Kings Slam’ in Saudi Arabia

    Saudi Arabia will host a new elite tennis exhibition featuring Novak Djokovic and Rafa Nadal with three other Grand Slam winners in October, the country's General Entertainment Authority has announced. Carlos Alcaraz, Jannik Sinner, Daniil Medvedev and Holger Rune will also play at the 'Six Kings Slam', which will form part of the Saudi cultural and entertainment festival Riyadh Season, organisers said. With Sinner having recently won the Australian Open, Dane Rune is the only player on the six-man roster without a Grand Slam title. Spaniard Nadal, who signed up as an ambassador for the Saudi Arabian Tennis Federation last month, said he was looking forward to the event.

  • Turkey earthquake survivors struggle to rebuild their lives one year on

    Abdullah Yanar planted flowers in front of his container home to make it feel more like a real home for his family, who have been living in temporary shelters in southern Turkey since last year's devastating earthquake. The 7.8-magnitude quake that struck last February, modern Turkey's deadliest, killed several of Yanar's relatives and damaged his apartment, forcing him and his wife, daughter and son to move first into a tent then to one container home after another.

  • Saudi Arabia pushes for US defense pact as 2024 presidential election looms

    To create some wiggle room in talks about recognizing Israel and to get the U.S. pact back on track, Saudi officials have told their U.S. counterparts that Riyadh would not insist Israel take concrete steps to create a Palestinian state and would instead accept a political commitment to a two-state solution, two senior regional sources told Reuters.

  • Turkey Names Fatih Karahan Central Bank Chief, Hafize Gaye Erkan Resigns

    Turkey’s central bank Governor Hafize Gaye Erkan abruptly resigned late Friday night, and President Recep Tayyip Erdogan quickly appointed Deputy Governor Fatih Karahan to replace her, signaling a continuation of the transition to more investor-friendly, orthodox economic policies that Erkan helped to spearhead. Karahan has been a member of the central bank’s rate-setting Monetary Policy Committee since July, and had previously worked at the New York Fed and as a principal economist at Amazon.com, according to his biography on the central bank website. Prior to the announcement, Bloomberg reported that he was being considered for the central bank’s top job. Erdogan’s decision was published in the Official Gazette at midnight.

  • US launches series of airstrikes in Iraq, Syria

    The U.S. military hit dozens of targets across Iraq and Syria on Friday and dozens more in Yemen on Saturday, targeting Iranian forces and Iran-backed militias. The strikes in Iraq and Syria were a direct reaction to an explosive drone attack Sunday that killed three American soldiers and wounded more than 40 others at a remote base in Jordan. Those targets included facilities for Iran’s elite Islamic Revolutionary Guards Corps Quds Force, as well as infrastructure for Iran-backed militias that operate collectively as the Islamic Resistance in Iraq.

  • Israel says it has struck more than 50 Hezbollah targets in Syria since Oct 7

    The Israeli military said on Saturday that since the outbreak of the Gaza war on Oct. 7 it had struck more than 50 targets in Syria linked to the Iranian-backed Lebanese movement Hezbollah. The remarks, in a briefing by chief military spokesperson Rear Admiral Daniel Hagari that mainly discussed efforts to beat back Hezbollah attacks launched in solidarity with Hamas, were a departure from Israel's usual reticence about Syria operations. "Everywhere Hezbollah is, we shall be. We will take action everywhere required in the Middle East," Hagari said.

  • Jabeur Backs Saudi Arabia After Criticism From Tennis Greats

    Tunisian tennis star Ons Jabeur on Saturday threw her support behind the potential staging of the WTA Finals in Saudi Arabia, urging critics to be "more informed" on the Kingdom's interest in the sport. Jabeur, a three-time Grand Slam finalist and former world number two, said she was impressed by the response of Princess Reema bint Bandar Al Saud, Saudi Arabia's ambassador to the United States, to criticism from Martina Navratilova and Chris Evert of the WTA's possible deal with the Kingdom.

  • A Shifting Tone on Palestinian Statehood

    The US, by far the most important country when it comes to swaying Israel, says it hasn’t shifted its official stance regarding an independent state in the West Bank and Gaza. But its calls for one to be created eventually are getting louder. For now, Israel isn’t listening as it continues with its campaign to destroy Hamas and ensure Oct. 7 is never repeated. But the pressure is mounting, including from its closest supporters.