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  • Saudi Arabia’s King Salman Orders $2b ‘Deposit’ to Yemen to Shore Up Currency
     

    Saudi Arabia’s King Salman ordered a $2 billion transfer to the Yemeni central bank, according to reports, as the Kingdom looks to shore up the economy of its war-torn southern neighbor. The Saudi Ministry of Culture and Information (MoCI) said in a statement that the money is meant “to address the deteriorating economic situation” in Yemen. “All […]

     
  • U.S. to Ramp Up Crude Oil Production by 10% in 2018
     

    The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, research firm Rystad Energy has said, which would make the U.S. the world’s largest producer. The expected surge in shale oil output “should allow the United States to dethrone Russia and Saudi Arabia as […]

     
  • Two Top Officials in Crackdown Sweep Return to Public Eye
     

    Two top officials detained in last year’s crackdown on corruption in Saudi Arabia have returned to the public eye following settlement payments, according to reports. Prince Miteb bin Abdullah, former head of the Saudi national guard and son of the late King Abdullah, was photographed alongside Crown Prince Mohammed bin Salman at a horse race […]

     
  • ‘Largest Ever’ Budgeted Expenditure for Saudi Arabia in 2018 as Kingdom Looks to Propel Growth
     

    Government officials unveiled Saudi Arabia’s largest budgeted expenditure ever as the Kingdom looks to propel economic growth following two years of reduced spending. Compared to previous years, the budget is expansionary. Saudi Arabia will spend SR88 billion ($23.5 billion) more in 2018 compared with 2017. The announcement was made at a press conference at which Finance Minister Mohammed […]

     
  • Nearly $20b in Stimulus for Saudi Economy in 2018
     

    Saudi Arabia has unveiled a stimulus package to begin next year with money to support housing construction as well as fee waivers for small businesses. Saudi Arabia’s King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year (2018), and 200 billion […]

     
  • Westinghouse in Talks with Other U.S. Companies to Bid for Saudi Nuclear Opportunities, Reuters Reports
     

    An exclusive Reuters report reveals that Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, citing three industry sources. If the consortium forms and bids, it would have stiff international competition in countries like South Korea, France, and Russia, who […]

     
  • UK Government Agrees to $2b Loan Guarantee For Saudi Aramco
     

    The U.K. government agreed to a $2 billion loan guarantee for Saudi Aramco as competition to host the likely largest in history IPO heats up, according to Bloomberg. “The unusually large export credit guarantee, designed to finance the purchase of British goods, will be seen by many as an attempt to help woo the IPO to the […]

     
  • Saudi Arabia to Boost Spending Next Year as Foreign Reserves Reach New Lows
     

    Saudi Arabia will boost state spending next year despite dwindling foreign reserves as the Kingdom looks to turbo charge economic growth, according to reports. Saudi Arabia’s Finance Minister Mohammed al-Jadaan told the Financial Times that Saudi Arabia “would set out an expansionary budget in 2018” to respond to the needs of the struggling private sector, which is […]

     
  • Secretary of State Rex Tillerson to Travel to Saudi Arabia October 20th for Saudi-Iraq Meet
     

    U.S. Secretary of State Rex Tillerson will travel to Riyadh, Saudi Arabia to take part in the inaugural Coordination Council meeting between the governments of Saudi Arabia and Iraq. The Secretary will also meet with various Saudi leaders to discuss the conflict in Yemen, the ongoing Gulf dispute, Iran, and a number of other important regional and […]

     
  • Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
     

    A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.

     

MUST-READS

  • Afghanistan's Opium
    Afghanistan’s Opium Trade Is at an All-Time High

    Among the long-term goals of the U.S-led coalition in Afghanistan was helping the war-torn underdeveloped country kick its economic dependency on the cultivation of poppies for the world’s illegal opium markets. But after various agencies spent $7.6 billion over more than a decade on counternarcotics efforts, opium poppy cultivation levels in Afghanistan hit an all-time high in 2013, according to a report released Tuesday by the Special Inspector General for Afghanistan Reconstruction.

  • Extremism
    Afghanistan arrests son of Haqqani militant network’s founder

    Afghan forces have arrested the son of the feared Haqqani network's founder along with a militant commander in charge of suicide attacks, a blow to the Taliban-linked Islamist group, Afghanistan's intelligence service said Thursday.

  • Afghanistan
    Will Afghanistan Become the ‘Forgotten War’ Again?

    And after nearly $800 billion, and more than 2,300 American lives, the war in Afghanistan will officially come to an end this year. But the mission is far from over. Whatever military ambitions that defined the war’s original name, “Operation Enduring Freedom,” have now been reduced to a far less ambitious—and more lasting—approach with the mission’s new name: “Operation Resolute Support.”

  • UK and Aghanistan
    Britain’s Cameron on Surprise Visit to Afghanistan

    Britain's Prime Minister David Cameron on Friday pledged support for Afghanistan's newly sworn-in president and the country's new unity government, saying during a surprise visit to Kabul that Britain is committed to helping Afghans build a more secure and prosperous future.

  • U.S.-Afghanistan
    We Finally Have a Security Agreement With Afghanistan—What’s Next?

    Approximately 9,800 soldiers are expected to stay in Afghanistan after the end of 2014, down from about 38,000 at the beginning of the year. By the end of 2015, that number will be cut in half to about 4,900, and soldiers will be located in two areas: the capital city of Kabul and Bagram Air Base, roughly an hour north of the capital.

  • Afghanistan
    Historic, anxious handover as Afghanistan swears in new leader

    Afghanistan inaugurates its first new president in a decade on Monday, swearing in technocrat Ashraf Ghani to head a power-sharing government just as the withdrawal of most foreign troops presents a crucial test.

  • Afghanistan
    Final stage of leaving an Army base in Afghanistan

    Forward Operating Base Lightning is in its final days. The small base near the city of Gardez in Paktia province, Afghanistan, is down to its final stages as an operational hub for U.S. troops, set to end combat operations in December. Lightning itself is attached to the considerably larger FOB Thunder, home to around 4,000 Afghan National Army (ANA) personnel. How does a FOB wither? It starts with the luxuries.

  • U.S.-Afghanistan
    The Only Choice Left for Afghanistan

    In effect, the U.S. administration has indicated that unless Afghan presidential candidates Abdullah Abdullah and Ashraf Ghani adhere to the national unity framework they agreed to in July, the sine qua non U.S. financial assistance to Afghanistan will come to an abrupt halt. Thus far, the Afghan political process remains at an impasse, with both sides claiming victory. But Obama's litmus test for support is leaving them with little choice but to accept this accommodation. As such, it appears as if the only choice left is for the candidates to agree to a power-sharing interim government that adheres to Obama's doctrine.

  • NATO and Afghanistan
    NATO Unable to Finalize Troop Numbers for Afghanistan

    NATO leaders did not agree on the size of a training and assistance force expected to be based in Afghanistan from 2015 to 2017, as the alliance still waits for Kabul to approve an operating arrangement. Some of the 28 alliance members have not come forward with troop commitments since the Afghan government has not signed a bilateral security agreement, NATO Secretary-General Anders Fogh Rasmussen said.

  • Afghanistan in Photos
    Afghanistan: The Long Withdrawal

    Five years ago, the war in Afghanistan began to escalate drastically. Troop surges soon pushed the number of NATO troops up to more than 140,000, and the levels of violence grew to match the surge. At the time, I felt the conflict was being under-reported relative to other international stories, especially considering the level of commitment involved, so I began a monthly series dedicated to covering the ongoing war in Afghanistan. Now, more than 60 monthly photo essays later, I'm ending the series as a regular feature. I will continue to post photos from Afghanistan through the withdrawal, as well as after the handover—but as an occasional entry, not monthly.