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  • President Trump, King Salman Speak Amid Qatar Diplomatic Fallout
     

    U.S. President Donald Trump spoke by phone with Saudi Arabia’s King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities. Saudi Arabia, the UAE, Egypt and three other states have cut diplomatic ties with Qatar, threatening a socio-economic crisis for what Saudi Arabia’s leaders only recently […]

     
  • $1.4b in Defense Contracts Approved by State Department as Senate Eyes Debate
     

    The U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, the first fraction of a $110 billion arms deal U.S. President Donald Trump agreed to with Saudi Arabia when he visited in May. The announcement by the State […]

     
  • Jadwa Investment Data Shows ‘Mildly Improving Picture’ for Saudi Economy
     

    Riyadh-based Jadwa Investment’s recently released Economic Chartbook for the month of April finds data continues to “show a mildly improving picture,” according to Fahad Alturki, Jadwa’s Chief Economist. “Economic data continues to show a mildly improving picture in April. POS transactions jumped 11.4 percent, year-on-year, and although ATM withdrawals remain negative year-on-year, they showed an […]

     
  • Goldman Sachs Applies to Saudi CMA for Equities Trading License in Saudi Arabia
     

    Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country, Reuters reports. The bank has been operating in Saudi Arabia since 2009 as an agent and underwriter, […]

     
  • Custodian of the Two Holy Mosques, Ruler of Saudi Arabia, and King of Twitter
     

    Saudi Arabia’s King Salman is ruler of more than just the Kingdom of Saudi Arabia. King Salman is the world leader whose original Tweets generate the most Retweets, according to the latest “Twiplomacy” study by the communications firm Burson-Marsteller. But unlike President Trump, King Salman publishes sparingly, with only 10 Tweets posted during the study. And […]

     
  • Gulf Spat Following President Trump’s Visit to Saudi Arabia Tests GCC Unity
     

    Tensions continue to run high for a sixth straight day in the GCC between Saudi Arabia and Qatar regarding relations with regional rival Iran, according to reports. Despite a strong show of unity for the recent visit of President Trump to the Kingdom, “[t]ensions in the Gulf were laid open for a sixth day, with […]

     
  • Deputy Crown Prince Mohammed bin Salman in Moscow to Meet with Russian President Vladimir Putin
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin met today in Moscow as the Kingdom and Russia work together on oil production cuts, Reuters reports. Russia and Saudi Arabia played key roles in a successful global deal which saw oil production curtailed by 1.8 million barrels per day as part of […]

     
  • New Life for the 15 Year Old Abdullah Arab Peace Initiative?
     

    At a summit in Beirut in March 2002, then-Saudi Crown Prince Abdullah unveiled an initiative to achieve peace between Israelis and Palestianians. The Arab Peace Initiative set out a comprehensive proposal calling for full Israeli withdrawal from all the Arab territories occupied since June 1967, Israel’s acceptance of an independent Palestinian state with East Jerusalem as […]

     
  • Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
     

    The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]

     
  • New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
     

    Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]

     

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