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  • Analysis: Vision 2030 is Well Underway. Here’s What’s Needed to Make it a Success.
     

    In 2016, Saudi Arabia’s Crown Prince Mohammed bin Salman announced his “Vision 2030″—the most comprehensive transformation plan in the history of the country, which includes wide-ranging social and economic reforms. Vision 2030 was designed as a 14-year project; however, in its first three years, we have already seen tangible advances, such as fiscal consolidation efforts, […]

     
  • Crown Prince Mohammed bin Salman Arrives in India for Next Stop of Asia Tour
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in India for the second stop on a three-country tour of Asian nations as the Kingdom looks to boost relationships and trade opportunities in the East. India “rolled out the red carpet for the crown prince,” Reuters reports, amid simmering tensions with neighboring Pakistan following a militant attack in […]

     
  • Al-Falih: ‘Going forward the world is going to be Saudi Aramco’s playground’
     

    In a new interview with the Financial Times, Saudi Arabia’s powerful minister of energy, industry, and mineral resources Khalid Al-Falih indicated that Saudi Aramco would take on an active position as investor in resource opportunities outside the Kingdom of Saudi Arabia. Saudi Arabia’s state-owned energy company, Saudi Aramco, will seek to develop an international energy […]

     
  • Ambitious Saudi Entertainment Push Announced by GEA’s Turki al-Sheikh
     

    Saudi Arabia is looking to maintain heavy investment in the entertainment sector in 2019, according to comments made by a top Saudi official, as it looks to make good on key Vision 2030 economic reforms. Reuters reports that Saudi Arabia’s recently named chairman of the General Entertainment Authority, Turki al-Sheikh, said the Kingdom would put on […]

     
  • Saudi Arabia, Other Gulf Nations to Join JPMorgan Chase & Co.’s Emerging-Market Bond Indexes
     

    Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, Bloomberg reports, “potentially paving the way for billions of dollars in inflows into the securities.” The debt offerings from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait will represent about 11.8 percent of the EMBI Global […]

     
  • Saudi Arabia Eyes Major Domestic Energy Conservation by 2030, Al Falih Says
     

    Saudi Arabia expects to throttle back domestic energy consumption by 2030 by up to the equivalent of 2m barrels of oil per day, in line with the Kingdom’s Vision 2030 economic and social reform initiative, according to comments made by Khalid Al-Falih published by Reuters. Saudi Arabia has long used easily extracted oil reserves for […]

     
  • A Gradual Pickup in Private Sector Lending in Saudi Arabia Seen in Monetary Update
     

    A recently-released report by Jadwa Investment finds a gradual pickup in private sector lending since April 2018 after showing a slowdown in 2017 and Q1 2018. The Monetary and Financial Update report from the Riyadh-based Jadwa looks at the Kingdom’s monetary policy and other key economic data. Jadwa Investment sees “a rising level of uncertainty” in the […]

     
  • Saudi Arabia Seeks Balanced Budget by 2023 – Al Jadaan
     

    Saudi Arabia’s finance minister told Reuters on Wednesday he was “unconcerned with current oil prices impacting spending plans in 2019″ and the government still aims to close its budget deficit by 2023 – though the target is not set in stone. The government unveiled a $295 billion budget on Tuesday, the kingdom’s largest, with a […]

     
  • Saudi Government ‘Rejects’ U.S. Senate Rulings on Saudi Arabia But Pledges to Continue Building Relationship
     

    The government of Saudi Arabia issued a statement condemning a recent U.S. Senate resolution blaming Crown Prince Mohammed bin Salman for the killing of journalist Jamal Khashoggi, and said the government rejects external interference in its affairs. The Senate measure, which passed in a rare bipartisan vote with unanimous approval on Thursday, was a sweeping condemnation of Crown […]

     
  • OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps
     

    OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal. OPEC nations would cut 800,000 barrels and the Russia-led group would handle the remainder, according to the WSJ. Oil prices on indices […]

     

MUST-READS

  • Qatari Foreign Policy
    The Case Against Qatar

    What Doha saw in the Muslim Brotherhood was a combination of religiosity and efficacy that seemed parallel to its own. Moreover, the Qatari ruling family sought to differentiate itself from competing monarchies Saudi Arabia and the United Arab Emirates (UAE), both of which frown upon political Islam as dangerously power-seeking. It was pragmatism, argues Salah Eddin Elzein, head of the Al Jazeera Center for Studies, a think tank associated with the Qatar-owned satellite network. "Islamists came [to the region] in the 1980s, and Qatar was trying to ally itself with the forces that it saw as those most likely to be the dominant forces for the future."

  • Qatari Foreign Policy
    Qatar and the Arab Spring: Policy Drivers and Regional Implications

    During the Arab Spring, Qatar moved away from its traditional foreign policy role as diplomatic mediator to embrace change in the Middle East and North Africa and support transitioning states. Regional actors viewed Qatar’s approach as overreaching, and skepticism of Doha’s policy motivations increased. Qatar’s new leadership, which came to power in June 2013, is adapting by reverting to a more pragmatic foreign policy and addressing the fallout from its support for Islamist movements in the region.

  • Qatari Foreign Policy
    Saudi Qatari Dispute: Will Doha Abandon the Muslim Brotherhood?

    It is easy for Qatar to implement, for example, the point of ceasing to nationalize defectors from other Gulf States. But the tough nut for Qatar to crack is its policy towards Egypt. In this case, it is not merely an utterance by the Emir that may stop or continue this or that policy; it is the comprehensive approach of Doha to the Middle East.

  • Muslim Brotherhood
    Qatar expels leading Muslim Brotherhood figures: sources

    A number of high-profile Muslim Brotherhood members currently residing in Qatar are set to leave the small Gulf state, a development that may herald a breakthrough in attempts to heal the rift between Doha and its neighbors. However, some aspects of this development remain murky, with different sources offering conflicting accounts of the reasons behind the Brotherhood members’ departure. While some informed sources said that Qatar had asked the men to leave, a Qatari diplomatic source told Asharq Al-Awsat they had opted to leave of their own free will.

  • Qatar
    Qatar’s Support of Extremists Alienates Allies Near and Far

    Standing at the front of a conference hall in Doha, the visiting sheikh told his audience of wealthy Qataris that to help the battered residents of Syria, they should not bother with donations to humanitarian programs or the Western-backed Free Syrian Army.

  • GCC
    GCC ‘resolves’ spat with Qatar, envoys to return – Gulf states ready to help counter IS jihadists

    But Obama said he was developing a broad plan that would involve military, diplomatic and regional efforts to defeat the IS jihadists who have sown terror through crucifixions and gruesome beheadings. Obama said he would dispatch Kerry to the Middle East to discuss the plan with regional allies, namely in the Sunni-dominated Gulf monarchies. “We have all heard what President Obama said about a coalition and that he has asked John Kerry to travel to the region to set it up,” said Sheikh Sabah Khaled. “We are waiting for more details to understand what is needed… We are waiting for Kerry,” he added after chairing the GCC meeting.

  • Saudi-Qatar
    High-level Saudi delegation visits Qatar

    A high-level Saudi delegation led by Foreign Minister Saud al-Faisal, Intelligence Chief Khalid Bin Bandar and Interior Minister Prince Mohammed Bin Nayef paid a brief visit to Qatar on Wednesday.

    The Saudi SPA news agency said the Saudi officials arrived in Doha on a “short brotherly visit.” Qatar’s QNA news agency carried a similar report, giving no details on the purpose of the trip.

  • Qatar
    Qatar’s Gaza Motives

    On July 26, Secretary of State John Kerry stood next to Qatari foreign minister Khalid bin Mohammad al-Attiyah in Paris during remarks on diplomatic efforts to organize a ceasefire between Israel and Hamas. This followed a July 14 Pentagon meeting between Defense Secretary Chuck Hagel and Qatari minister of state for defense affairs Hamad bin Ali al-Attiyah, where the two signed an $11 billion arms package that included Patriot missiles, Apache helicopters, and antitank missiles.