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  • John Kerry in Jeddah, Saudi Arabia to Coordinate with Allies in Upcoming Battle Against the Islamic State
     

    Secretary of State John Kerry is in Jeddah today for talks with the Saudi Arabian government and other allies as the U.S. seeks a broad, cooperative effort in defeating the Islamic State. Saudi Arabia has agreed to provide bases for the training of moderate Syrian rebels who are battling the Sunni militants and the Assad […]

     
  • Nitaqat Three Years On: A Summer 2014 Report Card
     

    Four years into the Arab Spring, Saudi Arabia has been an oasis of relative calm and stability in an otherwise tumultuous Middle East region. This is partially because the perceived social, economic and political dysfunction resulting from Arab Spring reform movements has had a sobering effect on Saudi perceptions.  In fact, many Saudis consider the […]

     
  • Shifting Gender Norms in Saudi Arabia
     

    Though often caricatured as backwards and traditional, Saudi gender roles are undergoing a reconfiguration. Previously, the majority of Saudi women did not work outside of the home and relied on male relatives to manage many aspects of family life. Globalization and economic necessity, not necessarily liberal values, are propelling more Saudi women into work outside […]

     
  • Saudi Arabian Northern Border Security Project Breaks Ground
     

    Saudi Arabia has begun the first phase of a new border security project along its northern borders, according to the Saudi Press Agency. Phase 1 of the “Custodian of the Two Holy Mosques project for border security” was kicked off at a ceremony in Jeddah with a visiting delegation from neighboring Bahrain. Crown Prince Salman, […]

     
  • C3 US-Arab Business Summit Set for October 6, 2014 in New York City
     

    Since 2012, C3 Summit, in collaboration with the US State Department, US Chamber of Commerce and the US Department of Commerce, has been producing US-Arab Summits focusing on healthcare, commerce and economic development between the Arab region and North America.   Given the continuing growth and importance of the business sector to both regions, C3 has developed the US-Arab […]

     
  • King Abdullah’s Message to the World: Destroy the Islamic State Before It Spreads to the West
     

    At a meeting for new diplomats in Riyadh, Saudi Arabia’s King Abdullah warned that the Islamic State (also known as ISIS or ISIL) may spread to Europe and the United States if it is not first destroyed in Iraq and Syria. According to the AFP/Yahoo, King Abdullah made the blunt remarks at a welcoming ceremony on Friday for […]

     
  • 5 Things to Know about the TASI Opening
     

    Last month’s announcement that the Saudi Arabian stock market, known as the Tadawul or TASI, would open to foreign investment has created waves of optimism from news outlets to seasoned investors. Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi […]

     
  • A Tadawul Opening Road Map
     

    Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia.  Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]

     
  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Why Saudi Arabia is ‘The Next Big Thing’ for Global Investors
     

    Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the “next big emerging market” following the announcement of the TASI opening to foreign investors. That report cited Saleem Khokhar, head of equities at the National Bank of Abu Dhabi’s asset management group, as saying that the market is “deeply liquid…with lots […]

     

MUST-READS

  • Taliban leader appears in public for second time in six years, says organisation has achieved security, freedom in Afghanistan

    Surrounded by fighters, helicopters overhead, Hibatullah Akhundzada spoke to worshippers on Sunday at a mosque in the southern city of Kandahar

  • Iran deploys ‘armored division’ amid rising tensions with the Taliban | Amwaj.media

    Iran has reportedly moved additional military forces to its border with Afghanistan amid rising tensions with the Taliban. Iranian officials say border guards have acted with “restraint” in the face of alleged provocative actions by Taliban forces. While both sides appear to seek to avoid further escalation, some Iranian outlets say Tehran’s accommodationist approach to the new government in Kabul is a mistake.

  • Saudi Arabia, France pledge $30m for Lebanon aid and development

    The funds will be routed to humanitarian projects to provide emergency aid, including food, to the most vulnerable populations in Lebanon, improve access to primary healthcare and to support the main public hospital in the impoverished northern city of Tripoli, the statement said.

  • SoftBank Cuts Back Spending, Leaving Startups Desperate for Cash

    SoftBank Group Corp.-backed Light is struggling to raise funds after the world’s largest tech investor balked at putting more money into the startup, people familiar with the matter said. SoftBank owns about 30% of Light through its first Vision Fund, which led an injection of $121 million into the advanced camera developer in 2018. SoftBank’s continued support is critical for the cash-strapped startup, which had been spending millions of dollars to expand into self-driving tech at SoftBank’s urging.

  • Doctor Strange sequel banned in Saudi Arabia

    Entertainment trade publication The Hollywood Reporter said on Friday (April 22) that the ban will also apply in Kuwait, though this has yet to be confirmed.

  • Bank of America Taps StanChart Banker to Run Saudi Franchise

    Bank of America Corp. has hired Standard Chartered Plc’s Yazaid Al-Salloom to run its business in Saudi Arabia, according to people familiar with the matter. Al-Salloom is replacing Motashar Al Murshed who joined a Saudi government body in recent months after nearly 12 years with Bank of America, the people said, asking not to be named because the information is not public. Besides Saudi Arabia, Al-Salloom will also cover Kuwait and Bahrain for the U.S. bank.

  • Visualizing the Material Impact of Global Urbanization

    Cities only cover 2% of the world’s land surface, but activities within their boundaries consume over 75% of the planet’s material resources. With the expansion of urban areas, the world’s material consumption is expected to grow from 41.1 billion tonnes in 2010 to about 89 billion tonnes by 2050.

  • Global food crisis will last for months, World Bank chief says

    For each one percentage point increase in food prices, 10 million people are thrown into extreme poverty, according to the World Bank's estimates. The UN Food and Agriculture Organisation's food price index has warned of sharp price increases for grains, oils and other foodstuffs as exports from agricultural powerhouse Ukraine continue to be affected by conflict.

  • Saudi Arabia calls for global leaders to support World Bank fund, commits $100mn to close tourism financing gaps

    Saudi Arabia has demonstrated its commitment to closing the tourism sector’s financing gap and has now called on global leaders to support the World Bank’s Multi-Donor Trust Fund after pledging an initial contribution of $100 million to the fund – which will be formally established later in 2022. The Saudi Minister of Tourism, Ahmed Al Khateeb, said: “The pandemic has reiterated the importance of tourism as a key enabler for economic growth and recovery. Our $100 million pledge will support vulnerable communities recover from the devastating impact of Covid-19 and other global shocks.

  • As the Iran nuclear deal nears, Saudi Arabia is rebuilding its stake in Lebanon

    I don't see money coming from the Gulf states until reforms are introduced ... The Gulf is going to look at things like the progress of Lebanon's deal with the IMF (International Monetary Fund). If Lebanon introduces reforms and the IMF deal goes through, then there is a good possibility they will help Lebanon. But until then, the most they are willing to do is to help Lebanon on humanitarian grounds, which basically means that they won't work through the Lebanese state.