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State Department Readout of Secretary Kerry’s Dinner with Deputy Crown Prince Mohammed bin Salman
Secretary Kerry hosted Deputy Crown Prince Mohammed bin Salman on June 13 for an iftar dinner in recognition of the Deputy Crown Prince’s visit to the United States. “The two reviewed the strong and enduring relationship between the United States and Saudi Arabia and discussed a broad range of regional issues, including Yemen, Syria, Libya, […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Jadwa Investment: Recent Saudi Stock Market Changes ‘Pave the Way’ for Saudi Arabia’s Inclusion Into MSCI Emerging Market Index
The major announcements for Saudi Arabia’s economy and society in the last few weeks related to the release of its ‘Vision 2030’ strategy have given the Kingdom a roadmap and targeted benchmarks for achieving greater economic diversification and empowering Saudi Arabia’s youth. In addition to the ‘Vision 2030’ release and cabinet changes there was “an […]
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Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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Difficult Times for the Saudi Binladin Group
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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MUST-READS
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Nature’s Palette: Mohammad Alfaraj’s Art Captures the Spirit of Al-Ahsa
Saudi filmmaker, storyteller, and installation artist Mohammad Alfaraj hails from the agricultural and industrial city of Al-Ahsa, a place that has shaped his creative practice both physically and conceptually. Mohammad’s artwork, often featuring fables with human and nonhuman characters, draws on local and regional histories to explore everyday life and environmental issues as well as to reflect on Saudi natural history. His multidisciplinary practice relies on found materials, such as palm fronds, sand, and dates, in a nod to the environmental pillars of his hometown.
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Setting the Stage: The Vital Role of Private Art Institutions in Saudi Arabia
Yet amid the present moment of grandiose state patronage that has led to a renaissance of sorts across the kingdom, at times the role of private art institutions has been overlooked. Prior to the present massive government investment in culture, these institutions – independent players such as Edge of Arabia, Athr, Hafez Gallery, and Art Jameel – played a vital role in the development of the Saudi art scene during a time when the state was largely not present in Saudi cultural enterprise.
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Opinion: Is US-Israel disagreement on a two-state solution unresolvable?
Last week, the penny finally dropped between the US and Israel. Israeli Prime Minister Benjamin Netanyahu owned up that he's been dissembling for decades, at least in English and in public, about being open to a two-state solution. He flatly ruled out any form of Palestinian statehood without offering an alternative addressing basic Palestinian human rights like citizenship. This has effectively been Israel's consistent policy, with a few notable hiccups, since the assassination in 1995 of former prime minister Yitzhak Rabin by an Israeli extremist.
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Opinion: Why the United States Can’t Ignore the ICJ Case Against Israel
The United States may want to maintain its certainty that Israel is not committing any grave human rights violations in Gaza by avoiding an assessment, but the ICJ case—which is supported by at least fifty countries, the Arab League, and the Organization of Islamic Cooperation—may force its hand, even if a decision on the case’s merits takes years. South Africa’s request for provisional relief, which includes a call for an immediate ceasefire and entry of humanitarian aid, may be only days away. The burden of proof required for provisional relief —“plausibility” that a violation of the Genocide Convention has occurred—is less than what is required for a final ruling.
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“I live for this, this is why I play football” – Inter assist hero Benjamin Pavard revels in Riyadh success
The EA Sports FC Supercup final between Inter and Napoli at a sold-out Al Awwal Park was settled by a dramatic late winner from Lautaro Martinez
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The real reason the Saudi government is investing in sports. Hint: It’s not to impress you.
If Americans persist in seeing Saudi sports investments primarily as “sportswashing,” they will be scoring own goals. The Saudis will not end their investments in this sector or in many other sectors of the US economy, such as the 60 percent stake it holds in Lucid Motors or its significant investments in Activision Blizzard and Uber. Instead, US-Saudi tensions will cause rifts among athletes, sponsors, and fans, and may preclude cooperation that could be a win-win.
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Saudi Arabia sports push embraces snooker, with a golden ball
Saudi Arabia will hold its first major invitational snooker event in March as the kingdom continues to make sizable investments into a growing number of sports. The “Riyadh Season World Masters of Snooker” will take place between March 4 to March 6 at Boulevard Arena in the capital of Riyadh. The inaugural event will feature some of the world’s top snooker players, including Ronnie O’Sullivan — widely recognized as one of the most talented players in the sport’s history — 2019 world champion Judd Trump and 2023 world champion Luca Brecel.
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The real reason the Saudi government is investing in sports. Hint: It’s not to impress you.
Understanding the changes occurring in Saudi Arabia is critical for US policymakers and American companies, especially since more big Saudi sports investments are likely around the corner and Riyadh is part of a changing “middle power” geopolitical landscape. The negotiations around the PGA/LIV merger passed a December 31, 2023 deadline but are continuing, with reports that US investors may join the new entity.
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Al Faisaliah Hotel in Riyadh, Saudi Arabia, has rebranded as Mandarin Oriental Al Faisaliah, Riyadh
Mandarin Oriental has opened its first property in Riyadh, Saudi Arabia. Al Faisaliah Hotel in Riyadh, Saudi Arabia, has rebranded as Mandarin Oriental Al Faisaliah, Riyadh. The hotel features refreshed interiors and enhanced spa and wellness treatments. Tihany Design led the redesign of the guestrooms, suites, a ground floor lobby, level on meeting rooms and three atriums. The north building now offers multiple new room and suite categories. The hotel offers nine dining destinations, a gym, a 16-meter swimming pool with waterfalls, steam baths and Finnish-style saunas.
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IBM inaugurates regional Saudi headquarters in Riyadh
Global technology and cloud giant IBM has inaugurated its regional headquarters in Riyadh, as part of its mission to accelerate digital transformation in Saudi Arabia’s business landscape and society. Having received a formal nod to establish its regional headquarters last year, IBM and the Ministry of Investment have now formally celebrated the milestone at a joint signing ceremony.
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