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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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Deputy Crown Prince Mohammed bin Salman Meets with President Obama, Receives Praise for “Vision 2030”
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman met with President Obama on Friday at the White House to discuss regional and economic issues with the President, Vice President and other members of Obama’s cabinet. The President “commended” Prince Mohammed’s “Vision 2030” plans to reform Saudi Arabia’s economy and society, according to a readout. “The […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman Receives Praise on Capitol Hill in Washington for Ambitious Economic Reforms
Deputy Crown Prince Mohammed bin Salman visited congressional leaders in Washington on Wednesday to discuss diplomatic and regional issues and talk about Saudi Arabia’s new economic reforms. Prince Mohammed met with Sen. Tom Cotton (R-Arkansas) along with the Senate Armed Services Committee, including Sen. John McCain (R-Arizona) and Sen. Lindsey Graham (R-South Carolina) as well as […]
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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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US envoy sees rapid F-16s sale to Turkey after Sweden NATO bid sign-off
The U.S. ambassador to Turkey said he anticipates that President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara.In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S. State Department will immediately send Congress notification of the $20 billion F-16s sale.
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Hevolution releases inaugural Global Healthspan Report
Back in November, we reported on Hevolution Foundation‘s two day Global Healthspan Summit in Riyadh; with over 1000 attendees and 100 speakers, Hevolution hoped the summit would serve as a trigger, shifting perception of aging and longevity and catalyzing a move towards global healthspan. To build on this event and scaffold the shift from sickcare to healthspan, Hevolution has released its inaugural Global Healthspan Report today; the report builds on the success of the summit and delivers needed insights to support progress for global healthspan goals.
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2 US-flagged ships with cargo for US Defense Department come under attack by Yemen’s Houthi rebels
Two American-flagged ships carrying cargo for the U.S. Defense and State departments came under attack by Yemen's Houthi rebels on Wednesday, officials said, with the U.S. Navy intercepting some of the incoming fire.
The attacks on the container ships Maersk Detroit and Maersk Chesapeake further raise the stakes of the group's ongoing attacks on shipping through the vital Bab el-Mandeb Strait. The U.S. and the United Kingdom have launched multiple rounds of airstrikes seeking to stop the attacks.
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It turns out oil gets more expensive to ship when boats go boom in the Red Sea
As the US continues—and escalates—its not-quite-a-war with the Houthi rebels in Yemen, shipping markets are ramping up the price to transport crude oil. Bloomberg reports that the cost of moving oil from the Middle East to Asia is up 182% since the US began leading “Operation Prosperity Guardian” to secure the important global shipping channel.
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Qatar, a key mediator in sensitive Israel-Hamas talks, lashes out at Netanyahu over critical remarks
Qatar said it was appalled Wednesday by leaked remarks made by Israeli Prime Minister Benjamin Netanyahu in which he criticized the country’s mediation efforts with Hamas, complicating already arduous negotiations meant to halt the hostilities in exchange for a hostage release. In a meeting with families of hostages held by Hamas, Netanyahu said Qatar’s role in the mediation was “problematic.” Qatar, a key mediator that also has deep ties to the militant group and hosts some of its exiled leaders, said Netanyahu’s remarks were “irresponsible and destructive.”
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Saudi Arabia to allow first alcohol sales in 72 years, dividing opinion
Located in the capital’s Diplomatic Quarter, the store will be accessible only to non-Muslim diplomats, meaning that for the vast majority of Saudi Arabia’s 32 million people, nothing will change for now.
Additionally, purchasing quotas will be enforced. Access to the store will be restricted to those who register via an application. And customers will be asked to keep their phones in a “special mobile pouch” while they browse for beer, wine and spirits.
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Why and when did Saudi Arabia ban alcohol? Why is its first liquor store a big deal?
Saudi Arabia is seeing revolutionary reforms under Crown Prince Mohammed bin Salman. He has ambitious plans to make the kingdom the go-to destination for business and tourism. It involves shedding the image of a conservative regime and being more open. And the latest move involves allowing alcohol. Yes, the country is all set to get its first liquor store in the capital Riyadh but it will serve only non-Muslim diplomats.
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Saudi Arabia, Hong Kong financial bodies ink MoU at AFF
Saudi Arabia’s Financial Sector Development Program signed a memorandum of understanding with Hong Kong’s Financial Services Development Council on Wednesday at the 17th Asian Financial Forum. The MoU aims to enhance cooperation and exchange experiences in accordance with best practices, the Kingdom’s Ministry of Finance said.
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Opinion: We did not help build women’s tennis for it to be exploited by Saudi Arabia
That work is now imperiled. WTA Tour officials, without adequate consultation with the players who are the very foundation of the sport, are on the verge of agreeing to stage the WTA Finals in Saudi Arabia. This is entirely incompatible with the spirit and purpose of women’s tennis and the WTA itself.
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Women At Wheel, Cinemas Reopened: 5 Key Reforms Under Saudi Arabia’s Crown Prince
The decision by Saudi Arabia to allow alcohol sales to non-Muslim diplomats, according to two sources, is the latest in a series of reforms aimed at projecting a more open, moderate image. Here are five other headline-grabbing changes implemented in recent years under Crown Prince Mohammed bin Salman, whose reputation was dealt a major blow by the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.
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