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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 […]
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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 […]
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‘Saudi Arabia is among our closest counterterrorism partners’ CIA Chief Brennan Says
Director of the CIA John Brennan said that Saudi Arabia is “among our closest counterterrorism partners” at an event at the Brookings Institution yesterday. Brennan pointed to the enemies that both the United States and Saudi Arabia share, including the Islamic State and al-Qaeda terrorists. “The Saudi government and leadership today has inherited a history whereby there […]
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Aging Population, Pension System May Pressure Saudi Fiscal Policy, S&P Says
Saudi Arabia’s population could put greater pressure on the Kingdom’s fiscal policy and increase government debt as it ages over the next three decades, ratings agency Standard & Poor’s has warned. Saudi Arabia’s population is disproportionately young now, with over 70% of all Saudis under 30 years old. But even the smaller percentage of the population […]
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Millions Worldwide Celebrate Eid Al-Fitr, End of the holy month of Ramadan
Millions of Muslims worldwide celebrated the festival at the end of the holy month of Ramadan on Wednesday as the three-day Eid al-Fitr festival began. Eid al-Fitr festival traditionally means family gatherings and the exchange of gifts and a feast after a month of fasting from dawn until dusk. Despite two deadly terrorist attacks in […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Mohammed Bin Salman Departs U.S. for France, Sends Cable Thanking U.S. and Obama for Hospitality
Saudi Deputy Crown Prince Mohammed bin Salman sent a cable of thanks to US President Barack Obama on Sunday as he concluded his visit to the United States. “I am pleased as I am leaving your friendly country after the end of my official visit to extend to Your Excellency my deep thanks for the […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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MUST-READS
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Saudi industry to produce ALAKRAN mobile mortar systems
NTGS and the Kingdom of Saudi Arabia (KSA) defense conglomerate ERAF announced a partnership agreement aimed at localizing the production and integration of the ALAKRAN mobile mortar system on a suitable vehicle platform within the KSA. The agreement, signed by Juan Carlos Estrella, CEO of NTGS, and Fahad Al-Ameel, Vice-President of ERAF, signifies a strategic move in line with Saudi Vision 2030, aiming to enhance the economy by utilizing locally sourced parts and manpower. Under the agreement, ERAF will spearhead the local manufacturing process and exclusively market the ALAKRAN within the KSA, with the primary objective of supplying the KSA Armed Forces.
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The US and Saudi Arabia are taking COP28 pledges seriously
Assuming COP28 pledges to limit global warming are met, both the energy and climate crises would be solved. According to the UN summit’s pled on renewables and energy efficiency, adopted last December in Dubai, “to limit warming to 1.5°C, the world requires three times more renewable energy capacity by 2030, and must double the global average annual rate of energy efficiency improvements from around 2% to over 4% every year until 2030”. But meeting these objectives will be a tall order.
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Desert X AlUla 2024: Exploring Unseen Art in Saudi Arabia’s Desert Region from February 9 to March 23
Desert X AlUla will open its latest exhibition themed “In the Presence of Absence,” from February 9th to March 23rd, 2024. Featuring 15 commissioned artworks that explore the unseen, the festival takes place bi-yearly in the desert region of Saudi Arabia. This edition of Desert X AlUla is curated by Maya El Khalil, renowned for her art advisory and MENA-focused curation, and Marcello Dantas, an award-winning curator known for his interdisciplinary practices. Returning for its third edition, Desert X AlUla 2024 invites artists to engage with the landscape, nature, and heritage of AlUla. The exhibition aims to position AlUla as the hub for monumental art experiences in the region. This year’s theme, “In the Presence of Absence,” challenges the concept of deserts as “empty spaces.” Artists worldwide are encouraged to investigate conceptual ideas of the invisible, engaging in a dialogue with AlUla’s environment.
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NEOM unveils members-only beach club Xaynor
Saudi Arabia’s NEOM on Wednesday announced a members-only beach club, Xaynor, located on the Gulf of Aqaba’s pristine coastline. In a statement, the giga-project said Xaynor offers a new area where members can enjoy the shores of the Gulf with an innovative architectural design and interiors. It will provide a perfect environment for leisure, relaxation, and socializing. The statement said: “Arriving in Xaynor, guests will be greeted by its breathtaking canopy entrance, blending with the natural landscape and providing a captivating pathway down to the beach.”
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A Statement from the Ministry of Foreign Affairs regarding the discussions between the Kingdom of Saudi Arabia and the United States of America on the Arab-Israeli peace process.
A Statement from the Ministry of Foreign Affairs regarding the discussions between the Kingdom of Saudi Arabia and the United States of America on the Arab-Israeli peace process.
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Wall Street Snubs China for India in a Historic Markets Shift
A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade.
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Bader Al-Saif: Kuwait’s Perceptions, People, and Progress
Let me tell you. I've been to all Gulf capitals plus Iraq since the war on Palestine unleashed in October, and I haven't seen such anti-Americanism in a very, very long time and even ever. We haven't had such levels of anger, real anger. It's not only popular anger that manifests in weekly protests, boycotts, angry memes, social media, and coordinated action, but you also see it at the official level, which has been quite interesting.
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Egyptian officials warn peace to be suspended if Palestinians flow to Sinai
According to one source, the Egyptian message was that "if even one Palestinian refugee crosses over – the peace agreement will be nullified." According to the source, no country would agree to absorb such a large number of Palestinian refugees, and they would become "a permanent Egyptian problem."
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Houthi Attacks Upend Beijing’s Regional Strategy
Even though the Houthis have attacked no China-owned ships, leaders in Beijing have become increasingly concerned about the economic costs of the Iran-endorsed Houthi attack campaign. China’s companies depend on the free flow of goods between China and Europe. The Houthi attacks have caused the cost to ship a standard 40-foot container from China to northern Europe to jump from $1,500 to $4,000, according to the Kiel Institute for the World Economy in Germany.
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CEO for Saudi defense heavyweight SAMI talks Alsalam purchase, Turkish drones, global ambition
Both indoors and out, it’s nearly impossible to miss the presence of Saudi Arabian Military Industries (SAMI) at this year’s World Defense Show in Riyadh, where the organization is displaying a host of defense platforms, some still under development, that have come under its umbrella over the past years. The displays match the ambition that SAMI CEO Walid Abukhaled says he has for the organization, namely to become one of the top 25 defense contractors in the world — by partnering with international firms, localizing as much production as possible in the Kingdom and snatching up valuable assets, like what Abukhaled said was a virtually finished purchase of the Saudi firm Alsalam Aerospace Industries.
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