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  • SEC unveils SR452b projects
     

    The Saudi Electricity Company (SEC) has allocated SR452 billion to implement energy projects until the year 2021 according to SEC Chairman of the Board of Directors Dr. Saleh Bin Hussein Al-Awaji. These projects will provide services consistent with international standards, including building up an adequate power at a peak time about 10 percent of combined capacity. The […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     

MUST-READS

  • US approving arms for Israel ‘case-by-case,’ State official says

    “Just like in any country, the decision to send weapons to any particular country is a case-by-case review that occurs. Israel is no different in that than any other country in the world,” Stan Brown, principal deputy assistant secretary of State for political-military affairs, said in an interview on Monday. “I don't want to get ahead of discussions about weapons or anything of that nature of what we would do in the future, as well as now. Again, the stance is that we've continued support.”

  • Can U.S. Diplomacy Promote Peace in the Israel-Palestine War?

    Moreover, the Americans have also continued to back the idea of the establishment of an independent Palestinian state in the West Bank and the Gaza Strip that would live in peace side-by-side with the Jewish State, the so-called “two-state solution.” It’s an idea that also enjoys support among 35 percent of the Israeli public and the center-left political parties. However, the current Likud-led Israeli government rejects it. From that perspective, the United States may be in a position very much like in 1973 to promote a creative diplomatic approach in the Middle East. This would build both on Israel’s military strength and the containment of Iran while helping the Palestinians achieve their goal of political independence and economic recovery.

  • Patriot Games: Mideast Turmoil Prompts Shuffle of Prized Defense Systems

    The U.S. military was set to display one of its prized Patriot missile-defense systems at the Dubai Airshow this week, part of the American showcase at one of the world’s biggest arms fairs.

    Then war broke out in the Middle East, and the $1 billion battery, mounted on three trucks, was needed to defend U.S. troops based in the region from attack by Iran-backed militia groups—and the Pentagon dropped the plans for the show.

    Army leaders have warned for years they lacked enough of the systems, which fire interceptors to shoot down aircraft, missiles and drones, to meet the myriad U.S. national security challenges posed by strategic competition with China, war in Ukraine and fighting in the Middle East.

  • 12 Most Powerful Countries in the Middle East Heading into 2024

    In this article, we look at the 12 most powerful countries in the Middle East as we head into 2024. You can skip our detailed analysis on the race for power in this critical oil-rich region and head over directly to the 5 Most Powerful Countries in the Middle East Heading into 2024.

  • Mastercard and Ottu partner to boost payment access across GCC through Mastercard Gateway

    Mastercard, a global technology company in the payments industry, has signed a memorandum of understanding (MOU) with Ottu, a prominent fintech player in the Middle East region. This pioneering partnership is primarily focused on Ottu's integration of Mastercard Gateway, enabling a range of local payment methods in Kuwait, Qatar, Bahrain, and Oman.

  • ‘Türkiye’s trade volume with GCC countries surges 11-fold’

    Türkiye's bilateral trade volume with the Gulf Cooperation Council (GCC) countries has surged from $2.1 billion (TL 59.90 billion) in 2002 to $22.7 billion in the past 20 years, thus increasing nearly 11-fold, a senior official said Sunday.

  • Why are South Korea and the GCC so interested in one another?

    Last week at COMEUP, South Korea’s largest startup festival, a 100-person strong delegation from the UAE led by the Minister of Economy Abdulla bin Touq Al Marri, was present along with an equally large Saudi Arabia delegation. This was the first time the festival had opened up its exhibition to include country pavilions and the UAE and Saudi Arabia were the only two countries invited to participate.

  • PIF: Advancing Development of Saudi Aviation Sector System

    Ismail stated that the aviation system in Saudi Arabia is undergoing continuous development, noting signs of its completion when considering the sector as a whole, not just within a single airline company. “Airline companies are a significant part, but there are also airports, such as King Salman Airport, which complements the overall strategy,” Ismail told Asharq Al-Awsat. Ismail explained that the integrated aviation sector includes ground services and training, the latter being particularly crucial given the shortage of pilots experienced globally, not only in the region, during the coronavirus pandemic. He emphasized the importance of training for recent graduates.

  • What’s It Really Like to Go to a Football Match in Saudi Arabia?

    Unlike China’s failed effort to build a powerful domestic competition with foreign talent, Saudi Arabia has plenty of football pedigree. Its oldest club, Al Ittihad, was founded in 1927, the same time as AS Roma, one of Europe’s best-known teams. The sport began to be organized under King Saud bin Abdul Aziz Al-Saud, and the national association was founded in 1956, the same year the precursor to Europe’s elite Champions League was getting going. By 1978, Al Hilal signed a multimillion-dollar, two-year deal with Brazilian star Roberto Rivellino. The move was seen as a game changer at the time, though nothing compared with what’s happening now.

  • Arab, Islamic Leaders Condemn IDF Operations in Gaza, Call for Cease-Fire

    Saudi Crown Prince Mohammed Bin Salman, who hosted Saturday's summit, used strong language to condemn Israeli military operations on Gaza. He spoke against the war and its heavy toll on women, children and the elderly and on hospitals, places of worship and civilian infrastructure. Saudi Arabia, he said, is working with its partners to put an end to this war and called for an immediate end to fighting and the opening of humanitarian corridors. He also called for the freeing of hostages held by Hamas.