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  • Video Released by King Abdulaziz Center for National Dialogue Asks Youth to Rethink Biases
     

    A powerful video campaign released by the King Abdulaziz Center for National Dialogue asks Saudi youth to rethink their biases. Joseph Braude at the Foreign Policy Research Institute shares the video with English subtitles, which has garnered 150,000 views in 48 hours and sparked a discussion in the kingdom about how to stem sectarian conflict. As Braude […]

     
  • Is it Crunch Time for Saudi Arabia’s Yemen Operation?
     

    In an in-depth analysis in Reuters, Angus McDowall writes that following Saudi Arabia and the GCC’s lack of success in significantly tipping the scales in Yemen with airstrikes, the limited options for Saudi Arabia’s leadership in the war-torn country come with high risks. With the possibility of a ground operation apparently ruled out, “Riyadh may soon […]

     
  • NCB: Saudi real GDP to grow 3.4 percent in 2015
     

    Saudi Arabia will face “a moderate business cycle during 2015 and 2016, growing around 3% in real terms,” Saudi Arabia’s National Commercial Bank (NCB) finds in a recently released study.  The study, entitled “Saudi Economic Perspectives 2015-2016” with the theme of “Tackling Challenges on Solid Ground,” finds less contribution from the oil sector and moderation in […]

     
  • Level of Turmoil in Middle East at ‘Highest Point in 50 years’, Gulf Expert Writes in Politico Magazine
     

    Gary Sick, a well-known and respected Gulf expert writes in an in-depth piece for Politico Magazine that the turmoil in the Middle East is at the highest point in 50 years, and that Saudi Arabia is dramatically increasing its efforts to slow the spread of Iranian influence across the region. Dr. Sick, a Columbia professor […]

     
  • In Washington, A Saudi and an Israeli Share a Stage – and a Common Enemy
     

    Anwar Eshki, a retired major general in the Saudi armed forces, and Dore Gold, a former Ambassador and close to Israeli PM Netanyahu, shared a stage at the Council on Foreign Relations in Washington yesterday as the two countries revealed a series of bi-lateral talks that have occurred for the purpose of thwarting a common […]

     
  • Cash Reward Offered for Wanted Men Connected to Mosque Bombings
     

    Saudi Arabia’s government offered a $1.3m cash reward for men connected to bombings at mosques in the past two weeks, saying that “[a]nyone dealing with the wanted men will be held accountable,” according to Reuters and information posted by the Ministry of Interior and the Saudi Press Agency. The self-described Islamic State, or Daesh, claimed […]

     
  • IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
     

    Defense consultancy IHS Jane’s says Saudi defense spending will be $48.7bn in 2015, a 2 per cent contraction over last year but will reach $62bn by 2020. Craig Caffrey, IHS principal defence budget analyst, said “We certainly expect a significant slowdown in the short term but longer term prospects remain strong,” The Financial Times (paywall)  reports. “ “The Kingdom has […]

     
  • Jadwa Investment June 2015 Saudi Chartbook: Strong Dollar and Low Oil Prices Affect Economy, But Non-Oil Exports See Uptick
     

    Jadwa Investment’s June 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds negative net monthly change to government accounts, slowing bank credit to the private sector reaching year-on-year growth is at its lowest in four years, and falling bank deposits. However, following seven months of slowdown, inflation remained unchanged for April […]

     
  • The Open Air Art of Jeddah, Saudi Arabia
     

    The British newspaper The Guardian profiles a new book that examines the open-air artworks created by world-famous artists in the 1970s in Jeddah, Saudi Arabia, and the city’s recent push to restore and feature them. “From Joan Miró to Jean Arp and Henry Moore, the Saudi city was a magnet for big names in art […]

     
  • Video: Daesh Claims Second Mosque Attack in Saudi Arabia that Kills 4
     

    A suicide bomber affiliated with the self-styled Islamic State, or Daesh, attacked a mosque in Saudi Arabia for the second time in a week on Friday, killing 4. The attack comes a week after another terrorist attack in Saudi Arabia’s Eastern Province that killed 21 worshippers and injured over 100 others. عاجل فيديو: لحظة تفجير مسجد […]

     

MUST-READS

  • The Weaponization of Oil in Numbers as Ukraine War Drags On

    Put simply, for each Russian barrel lost from the market in 2022, key IEA members added almost 2.6 barrels from emergency stockpiles. The bulk came from America — roughly 222 million barrels over the year. The rest, in two tranches, flowed from Germany, Japan, France, Spain, the UK and a few others.

  • Middle East Ship Repair Yards Remain Center Stage

    Meanwhile, in Saudi Arabia, the region’s largest repair and construction complex, International Maritime Industries (IMI), is ramping up operations. A joint venture between Saudi Aramco, Lamprell, Bahri, and Hyundai Heavy Industries, the vast complex has been built to undertake ship and offshore construction, repairs and all related business. The purpose-built facility is sited at Ras Al Khair on Saudi’s Gulf coast and already has an eye-watering forward book.

  • Saudi cement demand to remain flat in 2023

    Cement demand in Saudi Arabia is forecast to remain flat in 2023 before expanding by five per cent YoY in 2024, according to a report by SICO Bank. Cement demand fell by 1.8 per cent YoY in November 2022, despite the previous month being the strongest October since 2015. For the whole of 2022, SICO predicts demand to have declined by one per cent YoY.

  • Amak obtains exploration licence from Saudi government

    The Saudi Ministry of Industry and Mineral Resources has licensed Almasane Alkobra Mining Company (Amak) to explore gold, zinc, and copper in Aseer province. Under the licence that was issued on 2 January 2023, Amak will explore an area of 20.67 square kilometres in Dhahran Al Janub, according to a recent bourse filing.

  • Saudi Arabia’s PIF maintains sixth spot among world’s sovereign wealth funds

    Data released by the Sovereign Wealth Fund Institute suggested that China Investment Corp. topped the list with $1.350 trillion in assets, followed by Norway Government Pension Fund Global and Abu Dhabi Investment Authority with assets worth $1.13 trillion and $790 billion respectively. Kuwait Investment Authority ranks fourth with $750 billion, while Singapore’s GIC Private Limited is placed fifth, with assets of $690 billion.

  • Saudi Arabia’s PIF maintains sixth spot among world’s sovereign wealth funds

    Data released by the Sovereign Wealth Fund Institute suggested that China Investment Corp. topped the list with $1.350 trillion in assets, followed by Norway Government Pension Fund Global and Abu Dhabi Investment Authority with assets worth $1.13 trillion and $790 billion respectively. Kuwait Investment Authority ranks fourth with $750 billion, while Singapore’s GIC Private Limited is placed fifth, with assets of $690 billion.

  • Mecca mountains turn lush green after heavy rain

    Mountains in Saudi Arabia's Mecca region have turned a lush green colour following heavy rainfalls that fell on the Gulf kingdom in recent weeks. In videos shared on social media, the mountainous region surrounding the holy city can be seen covered in greenery and plants, a far cry from its usual dry and arid nature.

  • Apologetic Al-Attiyah retains Dakar lead, more trouble for Audi

    "In the heat of the moment, I reacted harshly to the FIA's EOT (Equivalence of Technology) decision," he posted on Instagram after the sixth stage. "I like to defend my title fairly and at the first instant the decision did not seem fair. I now understand the situation better, and would like to apologise for my earlier post."

  • Pope condemns Iran’s use of death penalty against protesters

    The pontiff made his remarks in a speech to diplomats accredited to the Vatican, his overview at the start of the new year which has come to be known informally as his "state of the world" address. His eight-page speech in Italian, read to representatives of most of the 183 countries accredited to the Vatican, ran the gamut of all the world's conflict areas, including those in Africa, the Middle East and Asia.

  • Dubai lays out massive $8.7tn economic plan

    Middle East's luxury business hub aims to double the size of its economy as competition with Saudi Arabia heats up