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  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Is Saudi Arabia’s Economy Turning the Corner?
     

    Saudi Arabia’s non-oil private sector may be showing signs of stabilization after roughly two years of uncertainty and significant economic policy changes, according to new data. A recently published Saudi Arabia PMI by Emirates NBD shows growth in Saudi Arabia’s non-oil private sector accelerated to an eight-month high in July. “July’s survey is encouraging as it suggests […]

     
  • Jadwa Saudi Chartbook for August 2016: Signs of ‘Resilience’ in Saudi Economic Activity
     

    Jadwa Investment’s Saudi Chartbook for the month of August found points of “resilience” in economic activity, according to chief economist and head of research Fahad Al-Turki. “June data showed resilience in economic activity. Data on point-of-sale transactions and ATM withdrawals came out strong, while the non-oil PMI continued to reflect an expanding non-oil economy,” Jadwa said. Data on […]

     
  • $6.9 billion in Tourist Projects Approved under Saudi NTP
     

    Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]

     
  • 11 Saudi Citizens Including 7 Soldiers Die on Border with Yemen ahead of Next Round of Peace Talks
     

    Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border, Saudi Civil Defense said on Monday. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on […]

     
  • Fahad Nazer: ‘What I learned from attending a round table with the Foreign Minister of Saudi Arabia’
     

    Last month, Foreign Minister Adel Al-Jubeir hosted a private round table discussion at the Embassy of Saudi Arabia in Washington with a very small group of Washington-based political analysts and Middle East scholars. Fahad Nazer, Senior Political Analyst at JTG Inc., shared his reaction from the meeting on JTG’s blog. “In this small, less formal setting, […]

     
  • Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
     

    A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]

     
  • Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
     

    Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]

     
  • SABIC, Exxon Affiliate Studying JV Petrochemicals Complex on U.S. Gulf Coast
     

    Saudi Arabia’s SABIC said Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. Exxon Mobil. fIf developed, the project would be “located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units,” the company said. Before making final investment decisions, the companies will “conduct necessary […]

     
  • Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
     

    The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]

     

MUST-READS

  • Israel fails to meet US aid demands to ease Gaza catastrophe, aid groups say

    International aid groups said that Israel had failed to meet a series of U.S. demands intended to improve the humanitarian crisis in Gaza by a Tuesday deadline. The United States told its ally Israel in a letter on Oct. 13 that it must take steps to improve the aid situation in war-ravaged Gaza within 30 days. If not, it could face potential restrictions on U.S. military aid.
    "Israel not only failed to meet the U.S. criteria

  • COP29 Azerbaijan: ‘The world must pay up’, UN’s Guterres says

    U.S. President-elect Donald Trump said on Monday he will appoint Republican former Congressman Lee Zeldin to head the Environmental Protection Agency. Zeldin often voted against legislation on green issues including a measure to stop oil companies from price gouging, "He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet," Trump said in a post on his social media platform Truth Social.

  • What a Donald Trump Victory Means for the Middle East

    Expectations that Trump’s second term will see him renewing pressure on Iran over its nuclear program, push for an end to regional conflicts and Russia’s invasion of Ukraine will be welcomed in Gulf capitals. Trump's already indicated that one of his priorities would be to expand the Abraham Accords to include normalization of relations between Israel and Saudi Arabia. His transactional approach to foreign policy, the return of familiar faces from his previous administration, and expectations that pressure over human rights will come to an end will also be well received. But in other areas, the new administration's goals may clash with the interests of Gulf rulers. Plans for American 'energy dominance' could weigh on oil prices at a time when OPEC members are already constraining supply and losing market share.

  • Saudi Arabia Needs to Build 115,000 Homes A Year to Hit Demand

    Saudi Arabia will need to build 115,000 homes each year for the next six years to fulfill demand from a young population and hit ownership targets set by the oil-rich nation’s government, according to Knight Frank LLP. The kingdom’s government wants homeownership to reach 70% by 2030 from 63.7% at the end of 2023. The Saudi government’s target along with new household formation are helping drive much of the demand in a country where 45% of citizens are below 20 years old, according to the report. The kingdom’s Sakani program, which includes social housing, has 883,562 applications from people looking to buy homes with financing help through guarantees on mortgages below 520,000 riyals ($138,448). The kingdom’s population grew in Saudi at 1.8% annually compared with a global rate of 1.1% between 2010 and 2002, according to the World Bank.

  • Arab, Muslim leaders meet in Saudi Arabia for talks on Gaza, Lebanon wars

    The summit builds on the earlier Arab-Islamic summit held in Riyadh on Nov. 11, 2023, following the directives of King Salman and complementing the efforts of Crown Prince Mohammed bin Salman to address the dangerous and unprecedented developments in Gaza and the rest of Palestine. The foreign ministers of Saudi Arabia, Jordan, Egypt, Qatar, Turkiye, Indonesia, Nigeria, and Palestine, along with the secretaries-general of the Arab League and the Organization of Islamic Cooperation, aim to initiate immediate international action to halt the war on Gaza and achieve a lasting, comprehensive peace.

  • US charges Iranian man in plot to kill Donald Trump

    The United States charged an Iranian man on Friday in connection with an alleged plot ordered by Iran's elite Revolutionary Guards Corps to assassinate President-elect Donald Trump, the Department of Justice said. Farhad Shakeri informed law enforcement "that he was tasked on October 7, 2024, with providing a plan to kill" Trump, the department said in a statement. It said Shakeri told law enforcement he did not intend to formulate such a plan within the time frame directed by the IRGC.

  • ‘Change the Game’: Saudi Arabia Takes a Stride Into Women’s Tennis

    Moving into tennis, Saudi Arabia recently hosted the Six Kings Slam, an exhibition showcasing the top men’s players. And it struck a three-year deal with the financially struggling WTA to bring its finals to Riyadh in part with the promise of awarding some $15 million in prize money this year. Those are the highest winnings in the history of women’s tennis, satisfying players’ demands for prize parity with men. “The Western world can keep reporting that our country is sportswashing, or whatever, but what matters is that my sisters and I can watch our favorite sports stars right here at home,” said Maryam al-Shammeri, who was in the crowd for the WTA final on Saturday night with her brother and two sisters.

  • Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy

    In the Quality of Life Program 2023 annual report, Saudi Crown Prince Mohammed bin Salman said that the Kingdom is striving to cultivate a deep sense of pride in the nation and actively contribute to global development and progress, across economic, environmental, cultural, and intellectual dimensions. The report further revealed that in 2023, the Ministry of Culture targeted 108,010 employees in the Saudi cultural sector, but recorded 216,878 workers during the year, reflecting an achievement rate of 201 percent.

  • Saudi armed forces chief of staff in Iran for talks with officials

    The chief of staff of Saudi Arabia's armed forces, Fayyad al-Ruwaili, visited Tehran on Sunday to meet with his Iranian counterpart and discuss defence ties, state media reported the Iranian Armed Forces General Staff as saying. The visit follows the election of Donald Trump, who will take office for a second term as U.S. President in January, and who has promised to bring peace to the Middle East.

  • Iran’s president hails Saudi Arabia’s summit initiative in call with crown prince

    Saudi Crown Prince and Prime Minister Mohammed bin Salman received on Sunday a phone call from Iran’s President Dr. Masoud Pezeshkian. During the call, the Iranian leader praised Saudi Arabia’s initiative to convene a joint Arab-Islamic follow-up summit to discuss the ongoing Israeli aggression on the Palestinian and Lebanese territories. He wished the summit a great success. The two leaders also reviewed the improvement of relations between the two countries and ways to further enhance them, the Saudi Press Agency reported.