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  • Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]

     
  • New Life-Sized Camel Sculptures Discovered in Saudi Arabia May Date Back 2,000 Years
     

    Archaeologists from France’s National Center for Scientific Research (CRNS) and their colleagues from the Saudi Commission for Tourism and National Heritage (SCTH) have discovered camelid sculptures “unlike any others in the region” dating back to the first centuries BC or AD, according to a press release from the CRNS. The find sheds new light on the evolution […]

     
  • ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia
     

    Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports. ACWA Power announced the win on its website on Tuesday. “This plant is the first of what […]

     
  • Saudi Aramco CEO Says Company Eying U.S. Expansion
     

    Saudi Aramco’s CEO Amin Nasser said the company was eying expansion in the United States “where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive,” Reuters reports. Nasser also lauded the Trump administration as being friendly toward the oil industry. “The Trump administration has been positive towards the energy […]

     
  • House Speaker Ryan meets Saudi King Salman in Riyadh
     

    U.S. House Speaker Paul Ryan is leading a Congressional delegation to the Middle East, meeting with Saudi King Salman Wednesday in the first regional stop for talks centered on security, the Associated Press reports. The week-long Congressional Delegation (CODEL) trip to the Middle East “will focus on regional stability, the campaign against ISIS and terrorism, […]

     
  • Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
     

    With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]

     
  • Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
     

    Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]

     
  • First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
     

    Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]

     
  • Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
     

    Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]

     
  • Former President of Yemen Ali Abdullah Saleh Killed by Houthi Allies in Major Turning Point
     

    In a major turn in the ongoing civil war in Yemen, former President Ali Abdullah Saleh has reportedly been killed in fighting against his former allies in the three-year old war, the Iran-aligned Houthi militia. Clashes broke out between fighters allied with the armed Houthi militia and those in Saleh’s General Peoples Congress over the […]

     

MUST-READS

  • Saudi banks are closing more branches even as consumer lending is up

    Saudi banks are closing more branches Kingdom-wide even as these lenders hand out more loans for consumers, official central bank data showed. The figures from the Saudi Central Bank (SAMA) monthly report showed a decrease in the number of banks' branches in the Kingdom by 95 to 1,969 compared to the second quarter of 2020, when the number of branches reached 2,064.

  • The Taliban’s return has plunged the Middle East into uncharted waters

    Both routes -- military polarization and increased diplomacy -- are already being trial ballooned. When Israel and the UAE made their covert relationship official last year, they embarked on a whirlwind honeymoon that blindsided most observers. The agreement has seen them cooperate broadly and apparently intensively on technology and, potentially, on security.

  • Education Ministry bans mobile phones in schools

    It’s noteworthy that the ministry has allowed the use of mobile phones in schools for students at the beginning of the academic year to show their health status through Tawakkalna app before entering the school.

  • Taliban Ditch Presidency, Opt to Rule by Council in Afghanistan

    Taliban leaders will form a 12-man council to rule Afghanistan and will offer some pliant members of the former U.S.-supported government the ministries of their choice as they strive to form an administration that is acceptable to the international community, sources close to the leadership said.

  • Leaded gasoline is now banned everywhere on Earth

    The announcement concludes a two-decade campaign by the UN to end global consumption of leaded gasoline in cars and trucks, emissions from which are linked to cancer, heart disease, stroke, decreasing cognitive function, and other health problems, as well as air and water pollution. UNEP estimates that the phaseout will prevent more than 1.2 million premature deaths annually.

  • Saudi July net foreign assets fall as central bank invests in foreign securities

    Data from the Saudi Central Bank (SAMA) published late on Sunday showed that the bank's net foreign assets, which measures its ability to support its dollar peg to the riyal, fell marginally by 1 percent to SR1.64 trillion in July from the month before, stabilizing at a level comfortable enough to defend its currency peg.

  • Saudi Arabia and Taliban unlikely to revive old alliances

    The last time the Taliban ran Afghanistan, between 1996 and 2001, Saudi Arabia was one of only three countries in the world to officially recognize the Islamist group's government. Neighboring Pakistan and the United Arab Emirates (UAE) were the other two.

  • Perspective: Gulf states react cautiously to the ‘Taliban 2.0’

    “The UAE will probably take a firm anti-Taliban point of view because [the new regime in Afghanistan] doesn’t fit into their ideological predisposition,” said Dr. Andreas Krieg, a lecturer at the School of Security Studies at King’s College London, in an interview with Responsible Statecraft. “The Emiratis’ ideological fight against political Islam means they will take a hard stance against the Taliban.”

  • U.N. chief calls on Lebanon leaders to form effective government

    U.N. Secretary-General Antonio Guterres expressed deep concern on Thursday about the deteriorating socio-economic situation in Lebanon and called on all "political leaders to urgently form an effective government of national unity," his spokesman said. This is needed to "bring immediate relief, justice and accountability ... and drive an ambitious and meaningful course for reform to restore access to basic services, restore stability, promote sustainable development and inspire hope for a better future," U.N. spokesman Stephane Dujarric said.

  • Saudi banks lead Gulf in loan growth as sector posts strong quarter

    Saudi lenders increased their loan books by a net 13.1 percent from the previous three months, the most of any country in the GCC, Kuwait-based asset manager Kamco Invest said in a report. Average return on equity, a measure of profitability, was 11.0 percent for the Kingdom’s banks, second in the region after Qatar, and above the average of 9.1 percent.