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  • Tough Times for the Saudi Property Market, Study Shows
     

    Saudi Arabia’s Real Estate Market was one of only seven worldwide to show annual price declines in 2Q 2018, according to results released by the Knight Frank Global House Price Index as reported in ArabianBusiness.com. The property market in Saudi Arabia saw a 1.3 percent fall in prices in 2Q 2018, compared with a global […]

     
  • The Star-Studded Line-Up of Speakers for October’s Future Investment Initiative (FII)
     

    The Saudi Arabia’s Public Investment Fund (PIF) annual Future Investment Initiative conference has listed an impressive roster of confirmed speakers for the event, taking place on October 23-25 in Riyadh. The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabiaand “serve as a platform to drive expert-led debate, discussion, and partnerships among the […]

     
  • Report: Saudi Arabia Eyes Oil Port in Eastern Yemen near Oman
     

    Saudi Arabia is reportedly eying a new oil port to be built in Yemen’s southeast al-Mahra governorate, near Oman, where Saudi-led coalition troops are present, the energy-focused website oilprice.com reports. Saudi Arabia-based marine construction company Huta Marine has sent a letter to the Saudi ambassador to Yemen in which it thanks the official for the opportunity to […]

     
  • C3 U.S. – Arab Healthcare & Business Summit 2018 Set for Monday September 24th in New York City
     

    The C3 U.S. – Arab Healthcare & Business Summit 2018 will assemble business leaders, policy makers, educators and healthcare professionals from the Arab world and the United States to bolster and promote U.S. and Arab world initiatives that are focused on the most up-to-date healthcare topics including infrastructure, the shift from communicable diseases, the future […]

     
  • Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
     

    Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]

     
  • Saudi Ambassador to the US Prince Khalid Bin Salman Visits CENTCOM in Florida
     

    Saudi Ambassador to the United States Prince Khalid bin Salman visited the US Central Command (CENTCOM) headquarters in Tampa, Florida this week to meet with top U.S. military officials and Saudi officers stationed at the facility, Arab News reports. The Ambassador, a former F-15 pilot and tactical intelligence officer in the Royal Saudi Air Force (RSAF), held […]

     
  • Report: Saudi Delegation of Companies Led by Ministry of Economy and Planning Set to Visit New York
     

    The Saudi Ministry of Economy and Planning (MEP) will lead a delegation comprising of a “number of government and private-sector entities and representatives of charitable associations” to the United States to present a review of the country’s progress on sustainable development, according to reports. The delegation will participate in the UN’s High-level Political Forum on […]

     
  • Will Uber and Careem Merge?
     

    San Francisco-based Uber Technologies Inc. and Dubai-based Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, according to reports, in a merger that would create one dominant presence in the market and avoid a potentially costly rivalry. Bloomberg reports that the two companies have discussed a potential merger but the companies have only discussed […]

     
  • Privatization and Vision 2030: Report Looks at Opportunities, Challenges for Saudi Arabia’s Ambitious Plans
     

    A recently released Jadwa Investment report lays out in detail Saudi Arabia’s ambitious privatization plans as part of its Vision 2030 economic and social reform program and identifies opportunities and challenges for decision-makers. The research report, entitled “Privatization and Vision 2030” which was emailed in a note to investors by Jadwa’s head of research Dr. Fahad Alturki, […]

     
  • Report: Trump Requested Saudi Oil Support Before Iran Nuclear Decision
     

    A day before President Trump withdrew from the Iran nuclear deal, one of his senior officials phoned key ally Saudi Arabia to ask the world’s largest oil exporter to help keep prices stable if the decision disrupted supply, Reuters reports. As Reuters reports, although the U.S. and Saudi Arabia are close allies, rarely has the United States put […]

     

MUST-READS

  • SoftBank Makes First Saudi Deal Together With Wealth Fund’s Unit

    Unifonic provides cloud-based software to send automated messages. As the pandemic spread, businesses turned to these services to send one-time passwords or shipping updates to customers. The company processed 10 billion transactions last year, charging a small fee for every message it sends to customers. Hamdan declined to comment on the latest valuation, but said the company is forecasting sales for the year of more than $100 million and will start planning a listing on a global exchange in the next three years.

  • Qatar foreign minister says he urged Taliban to respect women’s rights

    Qatar's foreign minister said on Monday the Gulf state has urged Afghanistan's new Taliban rulers to respect women's rights and that it was still too early to consider recognising their government. Sheikh Mohammed bin Abdulrahman Al-Thani was speaking in a joint news conference with French foreign minister Jean-Yves Le Drian in Doha. Le Drian said dozens of French nationals are still in Afghanistan and Paris is working with Qatar to evacuate them.

  • Saudi Arabia bans beef imports from five Brazilian meatpackers – report

    Saudi Arabia has suspended beef imports from five Brazilian meatpackers after the South American country detected two atypical cases of mad cow disease earlier this month, Valor Economico newspaper reported on Monday, citing Brazil's Agriculture Ministry. According to Valor, the five unnamed meatpackers are located in the state of Minas Gerais, where one of the cases was confirmed. The second case was detected in Mato Grosso. The newspaper said Saudi Arabia told Brazil of the decision on Sept. 9.

  • Lebanon’s New Government

    After 13 months of political stalemate in Lebanon, Najib Mikati announced the formation of a government at the presidential palace on Friday, September 10, 2021. Mikati will lead a government of 24 ministers, which has won the backing of President Michel Aoun and Speaker of Parliament Nabih Berri.

  • Taliban say women can study at university but classes must be segregated

    He said female students would be taught by women wherever possible and classrooms would remain separated, in accordance with the movement's interpretation of Islamic sharia law. "Thanks to God we have a high number of women teachers. We will not face any problems in this. All efforts will be made to find and provide women teachers for female students," he told a news conference in Kabul.

  • Qatar foreign minister becomes most senior diplomat to visit Kabul since Taliban takeover

    Qatar's foreign minister, who is also the country's deputy premier, was briefly in Afghanistan on Sunday, becoming the most senior diplomat to visit the country since the Taliban's takeover on 15 August. A Taliban official tweeted that Sheikh Mohammed bin Abdulrahman Al Thani met senior officials of the new Afghan government, although details of their talks were not disclosed.

  • Algosaibi bankruptcy deal highlights effective Saudi reforms

    The recent deal involving one of Saudi Arabia’s largest conglomerates, Ahmad Hamad Algosaibi and Brothers, is a sign that government reforms are working, according to Capital Economics. The group this week reached an agreement with 95 percent of its creditors to restructure $7.5 billion of its debts, after more than a decade in Saudi courts.

  • Saudi students team up to save abandoned animals in Riyadh

    “We are united by a passion for the love of animals, and we live in a reality that makes it difficult for us to help them … including the presence of more than 2 million homeless cats in the city of Riyadh, (with) 100 of them needing veterinary treatment every day,” Muhanad Al-Juaidi, one of the founding members of Karbasha team, told Arab News.

  • Hezbollah Tightens Its Grip on Sinking Lebanon

    The most basic foods have become political assets in economically devastated Lebanon. And no one’s tapped that currency of oil, milk and bread like Iran-backed Hezbollah. Designated a terrorist group by the U.S., it has galvanized its power by taking on more functions of a state hollowed out by an imploding economy and sectarian feuding. By offering food, cash and medical services amid widespread poverty in this once-middle class nation, the Shiite Muslim group has become a lifeline for many.

  • Lebanon to start paying cash aid to poor families next month

    Lebanon’s government said Thursday it will start paying cash assistance next month to hundreds of thousands of poor families - in U.S. dollars - as the small nation sinks deeper into its economic crisis. Some 500,000 families will start receiving $20 a month for every family member up to a maximum of six persons, Minister of Tourism and Social Affairs Ramzi Moucharafieh said during a news conference in Beirut. Moucharafieh said the payment will be made in U.S. dollars or the equivalent in Lebanese pounds at the black market rate.