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  • Saudi Security Firm Elm Looks At $2B IPO

    Elm, the digital security firm owned by Saudi Arabia’s sovereign wealth fund, is exploring a roughly $2 billion initial public offering (IPO). That’s according to Bloomberg News, which reported on Monday (May 10) that Elm had hired Riyad Capital to advise on the IPO. Elm hopes to sell shares on the Saudi Stock Exchange by 2022, sources told Bloomberg.

  • Saudi Wealth Fund-Owned Digital Security Firm Hires IPO Adviser

    A digital security firm owned by Saudi Arabia’s sovereign wealth fund has hired Riyad Capital to advise on a planned initial public offering that could value the company at about $2 billion, according to people familiar with the matter.

  • US, Saudi officials hold talks on regional security

    Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan and the Kingdom’s ambassador to the US Princess Reema bint Bandar met with a visiting US delegation in Riyadh on Sunday. The American officials included US State Department adviser Derek Chollet, Acting Assistant Secretary of State for Near Eastern Affairs Joey Hood, and Acting Assistant Secretary of Defense for International Security Affairs Dr. Mara Karlin, along with the Charge d’Affairs of the US embassy in Riyadh Martina Strong.

  • Saudi Aramco hires KPMG to oversee cyber security compliance among suppliers

    “Based on our analysis of minute-by-minute technological disruptions and ever-changing cyber security needs, we believe that vital national assets such as Aramco need to be fully protected with state-of-the-art and seamless cybersecurity systems,” said Abdulaziz Alnaim, managing partner of KPMG's Eastern Province office.

  • Security Council Press Statement on Yemen

    The Members of the Security Council welcomed the announcement of Saudi Arabia on 22 March, supported by the Government of Yemen, to end the conflict in Yemen and reach a comprehensive political solution, which was in line with the UN Special Envoy’s proposal for a nationwide ceasefire, re-opening Sana’a International airport, and allowing free movement of ships for fuel and other commodities into Hudaydah port in accordance with the Stockholm Agreement. They welcomed Oman’s mediation efforts between the key stakeholders and encouraged continued engagement in the region.

  • Commentary: GCC economic and security interests in the Eastern Med

    As historical rivals Greece and Turkey square off against each other, competing for maritime space, and increasingly adopting strategies of containment and encirclement, the Gulf states (particularly Qatar, Saudi Arabia and UAE) have lent their financial, military and diplomatic weight, thereby connecting two seemingly disparate parts of the world together in ways that have not been seen before.

  • U.N. Security Council condemns military escalation in Yemen’s Marib

    The U.N. Security Council on Thursday condemned an escalation in fighting in Yemen’s Marib, calling for the Houthis to end an offensive on the government’s last northern stronghold, and pushing for the government to allow fuel into Hodeidah port. In a statement, the 15-member council also condemned cross-border attacks against Saudi Arabia and said the escalation in Marib “threatens efforts to secure a political settlement when the international community is increasingly united to end the conflict.”

  • Pope Francis begins historic Iraq visit despite virus and security risks

    He will try to reassure the dwindling Christian community and foster inter-religious dialogue - meeting Iraq's most revered Shia Muslim cleric. The Pope will also celebrate Mass at a stadium in Irbil in the north. About 10,000 Iraqi Security Forces personnel are being deployed to protect the Pope, while round-the-clock curfews are also being imposed to limit the spread of Covid.

  • Communications, Information Sharing Seen as Critical for Middle East Shipping Security

    “Given the high risk of navigating, and security interests in the Middle East, there has been a steady uptick in stakeholder involvement in information sharing,” he said. “More times to not, stakeholders and coalition partners have shared specific knowledge and expertise that is paramount in staying ahead of the [risk].”

  • Israeli defence chief sees ‘special security arrangement’ with Gulf states

    As part of their U.S.-backed rapprochement, Israel and the UAE have proposed defence and military cooperation. The UAE’s first ambassador to Israel met Prime Minister Benjamin Netanyahu on Tuesday, a day after taking up his post. On a visit to an Israel-Gaza border crossing, Defence Minister Benny Gantz played down a report by public radio Kan that Israel was considering a defence agreement with Gulf Arab countries, but said security ties would be pursued.