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  • King Salman Consolidates Development Funds and Promotes New Transportation Minister
     

    Saudi Arabia’s King Salman has created a new organizational body to centralize and consolidate control and management of its economic development funds, called the National Development Fund (NDF), under Crown Prince Mohammed bin Salman. The NDF will “link the Saudi Fund for Development, the Saudi Industrial Development Fund, the Agricultural Development Fund, the Social Development Bank, the Human […]

     
  • Third Monthly Issue of Domestic Sukuk Raises $1.9 Billion, Finance Ministry Says
     

    Saudi Arabia’s finance ministry issued 7 billion riyals ($1.9 billion) of Islamic bonds in its third monthly issue of domestic sukuk, the ministry said Monday. Reuters reports the issue comprised 2.4 billion riyals ($640 million) of five-year sukuk, 3.9 billion riyals ($1.04 billion) of seven-year and 0.7 billion riyals ($190 million) of 10-year sukuk. Bids for […]

     
  • New York Times Profiles New Saudi Ambassador to the U.S. Prince Khaled bin Salman
     

    The New York Times published a profile and interview with Saudi Arabia’s new Ambassador to the United States Prince Khaled bin Salman and the significant role the young prince will play in the U.S.-Saudi diplomatic and economic relationship. Prince Khaled, who is brother of the Crown Prince Mohammed bin Salman and son of King Salman, […]

     
  • Qatar Restores Full Diplomatic Relations with Iran
     

    Qatar restored full diplomatic relations with Iran on Thursday and promised to send its ambassador back to Tehran as the Gulf nation digs in against the demands of several Arab nations, including Saudi Arabia. According to the AP, in announcing its decision, Qatar made no mention of the diplomatic crisis roiling Gulf Arab nations since June, […]

     
  • Rules Issued for Small-Scale Solar Generation in Saudi Arabia
     

    Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]

     
  • U.S., Saudi Forces Conduct Joint Military Exercise in Tabuk, Saudi Arabia
     

    U.S. and Saudi Arabia’s ground forces on Thursday concluded a joint military exercise, translated as “Earnest Leader 2017” in Tabuk, Saudi Arabia. The exercise “aimed to develop and strengthen military relations, plans and programs between the two countries.” The joint exercise was held in the presence of Maj. Gen. Dhafer bin Ali Al-Shehri, commander of the Northwest […]

     
  • Saudi Arabia is the World’s Largest Arms Importer, Qatar Third – UK Study
     

    Saudi Arabia is the largest arms importer in the world by total sales amount, with regional rival Qatar surging to third largest importer, according to a data released by the UK’s Ministry of Justice. The report sheds light on the flow of arms, weaponry and military equipment around the world. According to the data, which can be […]

     
  • New Saudi Ambassador Prince Khaled bin Salman Gives Interview to Washington Post
     

    Saudi Arabia’s new ambassador to Washington Prince Khaled bin Salman, son of the current king and the brother of the new crown prince, gave an interview to the Washington Post‘s Lally Weymouth last week which appeared in the newspaper today. The interview is his first as ambassador, having presented his credentials to President Trump on […]

     
  • Recent Economic Data for July 2017 Points to Mixed Picture for Saudi Economy
     

    Growth in Saudi Arabia’s non-oil private sector accelerated in July, albeit at a moderate pace, while the expansion in employment slowed, according to a Reuters report citing a Emirates NBD survey. “The seasonally-adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) rose to 55.7 last month from 54.3 in June. A level above 50 means business is […]

     
  • Rumors Abound Regarding Location(s) of Saudi Aramco IPO Listing
     

    Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, sources familiar with the matter told Reuters in an exclusive report. The report said U.S. disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has proposed a rule change that would allow state-owned companies, such as Saudi Aramco, to […]

     

MUST-READS

  • Saudi Arabia ahead of UK in women’s health index, leads Arab world

    Saudi Arabia ranked as the top Arab country for women’s health, according to the Hologic Global Women’s Health Index’s 2021 report released on Tuesday by the medical technology company, surpassing countries such as the United Kingdom and Ireland. Israel held the ninth spot in the Middle East, while Saudi Arabia and the United Arab Emirates made the top 40 at 28th and 35th, respectively. The UK ranked two positions behind Saudi Arabia at 30th.

  • ‘Mad Max: Fury Road’ producer joins UK-Saudi training scheme

    The UK’s Creative Media Skills Institute has partnered with Saudi agency Film AlUla to host a 10-day training programme in northwest Saudi Arabia from February 26. Smith is among those who will travel to AlUla next month to help educate 25 trainees from the region, who are exploring careers in production and assistant directing as well as in the art, locations, costume, make-up and hair departments.

  • Russia in the Middle East After Ukraine

    First, I am among those who believe that this war in Ukraine will last for a long time, and that Russia's standoff with the West will last for a long time. Against that geopolitical backdrop, I think Russia has decided to put a premium on closer partnership with Iran. You can see it play out in many different areas.

  • UK Women’s Health Care Falls Behind China, Saudi Arabia on Global Index

    Women’s health care in the UK is worsening and has sank to a level on par with Kazakhstan, a new survey shows. The UK ranked 30th out of 122 countries in the latest Hologic Global Women’s Health Index, falling behind China and Saudi Arabia. Hologic Inc. and partner Gallup interviewed women to rate multiple measures from mental health to preventive care. The report strikes a chord in the UK, where the cash-strapped National Health Service is battling staff shortages and massive backlogs, raising concern about the quality of health care and its funding. Ambulance workers held their biggest strike on Monday, while junior doctors last week voted for industrial action.

  • Saudi Arabia is ‘engaged’ with Russia and Ukraine on path to peace, says Foreign Minister

    Saudi Arabia is engaged in talks with both Russia and Ukraine over ways to end the 11-month conflict, Foreign Minister Prince Faisal bin Farhan has said. The kingdom has played a central role, along with the UAE, in securing prisoner swaps and pressing for talks between the warring sides since Russia invaded Ukraine in February last year. “Our main objective is to find a way to end the conflict. And I think everybody agrees that the only way this conflict will end eventually is at the negotiating table,” Prince Faisal told Bloomberg TV on Thursday from Davos in Switzerland.

  • Turkey exploring massive UK arms deal involving planes, ships and tank engines

    Multibillion-dollar deal for Eurofighter jets, transport planes, frigates and tank engines is being discussed as Turkey faces procurement hurdles in the US

  • Commentary: Arab and Israeli Positions on Ukraine War Continue to Frustrate the US

    Israel has in many ways proved the biggest disappointment when it comes to US efforts to garner support for Ukraine. Ukraine initially had reason to be hopeful of Israel’s strong backing: both countries have an at least nominally democratic form of government and Ukraine is home to one of the largest Jewish populations in the world (Ukrainian President Volodymyr Zelenskyy is himself Jewish). In addition, Israel’s bête noire, Iran, is taking an active part in the war on Russia’s side, providing Moscow with hundreds of armed drones that have predominantly been deployed against civilian targets and that have boosted Iran’s influence and arms industry. All this, as well as Israel’s close relationship with the United States, may have led Ukraine to expect that Israel would be more supportive.

  • Ukraine’s Consequences Are Finally Spreading to Syria

    In the wake of Russia’s aggression in Ukraine, the United States should anticipate the Syrian conflict’s shifting power dynamics. This means planning for the possibility of Turkey, Russia, and the regime working together to push U.S. forces out of northeast Syria, as well as the possibility of intensified clashes between Israel and Iran within Syria.

  • UK, Saudi Arabia to deepen critical minerals collaboration

    The partnership enables the UK and Saudi Arabia to work together on diversifying sources of critical minerals, both through Saudi investment in the UK’s manufacturing and mining finance sectors, as well as new opportunities for UK mining firms to do business in Saudi Arabia.

  • Europe’s Mild Winter Cushions Economic Blow of Ukraine War

    A mild winter so far, efforts by businesses and households to cut energy consumption, successful moves by governments to find new natural-gas suppliers and hundreds of billions of euros in fiscal support mean Europe’s recession is likely to be shallow and brief—if it happens at all—according to fresh data and estimates.