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  • Video Remarks: President Obama Hosts Iftar Dinner at the White House
     

    President Obama hosted an Iftar dinner Monday night to mark Ramadan, and invited guests to break their fast at the White House. The Iftar is the evening meal after sunset that concludes the daily fasting during the month of Ramadan. The dinner was President Obama’s 7th Iftar celebration at the White House, and the President used […]

     
  • Laughing Off Daesh Threats: Saudi Comedian Uses Satire Against Self-Described Islamic State
     

    A Saudi comedian threatened with beheading by Islamic State supporters on social media, and accused of apostasy by a Saudi Imam, says he will continue to use humor as a tool against the extremist group.  Nasser al-Qasabi is a 53 year-old Saudi comedian. A recent sketch, entitled ‘Selfie’, which aired on the Saudi television channel MBC, […]

     
  • Saudia’s ‘Largest aircraft leasing deal in history’ to include 50 Airbus planes
     

    According to a press release, Saudia is set to lease 50 Airbus planes as the national carrier of Saudi Arabia expands its fleet, including 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model. In a statement last week, Airbus confirmed that Saudia will become the first airline in the world to operate the new Airbus […]

     
  • Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
     

    Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up.  Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]

     
  • Saudi Arabia’s Shura Council Votes ‘No’ On Proposed Unity Law
     

    A new proposal to implement a new legal system to “protect national unity” was voted down by Saudi Arabia’s 150-member Shura Council as “unnecessary,” according to reports in the Saudi Gazette.  Put forth by the Islamic and judicial committee, the proposal “implies the necessity of establishing an entire legal body to deal with one issue, which is […]

     
  • Saudi Arabia Reduces Crude Exports, Refining More at Home
     

    Saudi Arabia reduced crude oil exports in April but used record supplies domestically for a burgeoning refining industry, Bloomberg’s Wael Mahdi reports.  Shipments in April fell by an average of 160,000 barrels a day, down to 7.6m BPD from 9m BPD in March. The March shipments were the highest in almost a decade, according to […]

     
  • A Saudi-Russia Thaw?
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]

     
  • Fahad Nazer: ‘ISIS Will Fail in Saudi Arabia’
     

    After two bombings hit two soft targets in Saudi Arabia, the self-described Islamic State, or Daesh, has its sights set on Saudi Arabia, but the extremist group is unlikely to succeed in the Kingdom, writes Gulf expert Fahad Nazer. Nazer, a Saudi writer based in the United States whose contributions are featured on CNN, Washington […]

     
  • U.S. Chamber of Commerce, Saudi Committee for International Trade and SUSTG Host Shura Delegation in Washington
     

    Members of Saudi Arabia’s Shura Council visited Washington, D.C. last week for meetings.  The delegates represented the Saudi-U.S. Parliamentary Friendship Committee of the Majlis Al-Shura which makes regular visits to the United States in support of the U.S.-Saudi relationship. The Shura delegates and invited guests were hosted at the U.S. Chamber of Commerce for a […]

     
  • Video: CEO of Saudi Stock Exchange Adel Saleh Al-Ghamdi Speaks with CNBC as Saudi Bourse Opens
     

    Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh.  The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy.  “The reason is not really […]

     

MUST-READS

  • More than 250 women graduate from training to join Saudi Arabian Armed Forces

    The Women's Training Institute of the Saudi Arabian Armed Forces saw the graduation of 255 recruits on Wednesday. The women graduated with diplomatic security and Hajj and Umrah security specialisations.

  • MSC World Europa makes maiden call at Dammam, Saudi Arabia

    The 215,863gt MSC World Europa, which made the call as part of its seven-night Arabian Sea inaugural itinerary, then continued with its 5,358 passengers to Doha, Qatar where the ship’s naming took place last November. Dubai, Abu Dhabi and Sir Bani Yas Island in the United Arab Emirates were also included in the voyage, which concludes in Qatar today.

  • Europe’s Mild Winter Cushions Economic Blow of Ukraine War

    A mild winter so far, efforts by businesses and households to cut energy consumption, successful moves by governments to find new natural-gas suppliers and hundreds of billions of euros in fiscal support mean Europe’s recession is likely to be shallow and brief—if it happens at all—according to fresh data and estimates.

  • Haifa Al-Jedea, ambassador and head of Saudi mission to the EU and Euratom

    Al-Jedea was among 11 Saudi ambassadors who took their oaths of office at Al-Yamamah Palace, in the presence of King Salman, on Jan. 3. Prior to her latest appointment, Al-Jedea worked as managing director at SRMG Think, a newly established studies department by the Saudi Research and Media Group which is a source for in-depth perspectives, analysis and insights from and about the Middle East and North Africa region.

  • Saudi Arabia’s wealth fund raises Nintendo stake to 6%

    Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd (7974.T) to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry. PIF's stake in the Kyoto-based company has risen from 5.01% to 6.07%, according to the ownership report filed with Japanese regulators.

  • LIV Golf Blasts PGA Publicist’s ‘Shameful’ 9/11 Claim in Fight Over Subpoena

    Saudi Arabia-financed LIV Golf denied allegations that it’s using a US antitrust lawsuit against PGA Tour Inc. to “build an intelligence file” on families of 9/11 victims who have been critical of the kingdom and its new professional golf circuit. The PGA’s public-relations firm, Clout Public Affairs, made the claim about LIV in a court document last week to “create sensational sound bites for the media,” LIV said in a response filed Tuesday in Washington. Clout isn’t a party to the antitrust case, but is fighting a related subpoena from LIV.

  • Saudi Wealth Fund Joins $930 Million Pre-IPO Bet on Kakao Entertainment

    Kakao Entertainment Corp. has won $930 million from investors including Saudi Arabia’s sovereign wealth fund, securing one of the country’s largest-ever financing rounds at a time global investors are shying away from big startup bets.

  • Mawani lays foundation stone for $1.8bln Saudi container terminal

    The project is set to take the national maritime regulator a step closer to realizing its Saudi Vision 2030-inspired roadmap centered around optimizing port operations and modernizing infrastructure to build a booming and sustainable maritime ecosystem

  • Boeing orders jump but trail Airbus for 4th straight year as China lags

    Boeing Co (BA.N) reported a sharp jump in airplane orders and deliveries in 2022 but trailed Airbus (AIR.PA) for the fourth straight year as its European rival trounced the U.S. manufacturer more than tenfold in the Chinese market. Boeing delivered 480 airplanes and won 774 net new orders after allowing for cancellations in 2022, while Airbus delivered 661 jets and won 1,078 jet orders during 2022, or a net total of 820 after allowing for cancellations.

  • Rare sight of Saudi Arabia’s arid Mecca mountains covered in green

    Saudi weather enthusiast films Mecca mountains covered with greenery.