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QUOTED
The easing of tensions between Iran and Saudi Arabia has left other GCC members in “a safer position because any clash between the two regional giants would invariably have involved the smaller states, which would have had to take sides—in favor of Saudi Arabia—and therefore getting in the crosshairs of the Islamic Republic. As a general rule, any developments that result in a reduction of regional tensions are welcomed by the smaller GCC states.” Dr. Mehran Kamrava, Professor of Government at Georgetown University in Qatar, How smaller GCC states view the Iranian-Saudi détente [Amwaj]
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TOP STORY
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
[more]
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MORE TOP STORYLINES
in argaam.com: The unemployment rate among Saudis fell to 7.7% in the fourth quarter of 2023, compared to 8.6% in the third quarter of 2023, according to the General Authority for Statistics’ (GASTAT) labor force survey. The unemployment rate in Q4 2023 is at the lowest ever level, based on the data available since 1999. The Kingdom’s Vision 2030 targets an unemployment rate of 7%.
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Via Hussein Ibish in news.yahoo: If Israel, the United States, and others are interested in denying Hamas a victory, they will have to recognize that strengthening Fatah, the PA, and the PLO is the essential internal Palestinian political corollary to whatever blows are struck against Hamas from the outside. Since Hamas is mainly fighting to outshine, marginalize, and overwhelm Fatah, any outcome that does not strengthen the PA and PLO will not, in fact, be a political defeat for the Islamists.
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Via Laura Rozen: A new Gallup poll shows a majority of Americans (55%) now oppose Israel’s military campaign in Gaza, while only 36% approve of it. That marks a sharp drop in support for Israel’s military campaign since its poll in November, which then found that 50% of Americans approved of Israel’s military action in Gaza, compared with 45% who disapproved.
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MORE ON THE KINGDOM AND BEYOND
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More than 200,000 people converged at the conference, including Adam Selipsky, chief executive of Amazon’s cloud computing division, who ...[By Adam Satariano and Paul Mozur via nytimes.com]
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Diriyah Gate, one of the first Saudi giga-projects, said this week that it was on target for completion by late 2027.
The opening of the project’s...[By Andrew Hammond via agbi.com]
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His comment is significant because, like LIV Golf’s team competition and shotgun starts, the...[By Cindy Boren via washingtonpost.com]
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The recently released book “Battleground – 10 Conflicts that Explain the New Middle East” by historian Christopher Phillips provides a useful overview of ten ongoing conflicts...[By Christopher Phillips via thecipherbrief.com]
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A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse...[By Larry Elliott via theguardian.com]
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The regional upswing also defies oil production cutbacks which have all weighed on economic growth in the region as seen from International Monetary Fund’s latest...[By Issac John via khaleejtimes.com]
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Speaking at the event titled “Industrial policies to promote economic diversification,” the top official said there have been fundamental changes in the legislative and economic regulations to...[via arabnews.com]
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From April 22 to 25, 2024, the 26th World Energy Congress convened in the Netherlands, drawing participation from the Kingdom of Saudi Arabia’s energy industry....[By Pooja Chandak via solarquarter.com]
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Henning Larsen Architect has just revealed the designs for The Jeddah Opera House, a new local landmark in Saudi Arabia. Drawing inspiration from the historical...[By Nour Fakharany via archdaily.com]
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One of Saudi Arabia's top universities has announced a Red Sea project described as the world’s largest coral reef restoration.
...[By Daniel Bardsley via thenationalnews.com]
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The National Debt Management Center announces the closure of April 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated was...[via mof.gov]
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The month-on-month decline in imports from Russia comes amid lower discounts offered by Russia. Russia has been the largest source of crude for...[By Rituraj Baruah via livemint.com]
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Two major U.S. law firms are opening offices in Saudi Arabia following a change last year in...[By David Thomas via reuters.com]
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Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to...[By Prinz Magtulis, Nichola Groom, Jarrett Renshaw and Moira Warburton via reuters.com]
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Ireland said on Wednesday it would intervene in South Africa's genocide case against Israel, in the strongest...[By Padraic Halpin via reuters.com]
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China aims to be strong driving force for the world economic recovery this year, opening its markets...[By Liangping Gao and Kevin Yao via reuters.com]
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Annelle Sheline, 38, stepped down after a year as a foreign affairs officer in the Bureau of Democracy, Human Rights and Labor, with nearly half...[By Hannah Allam and John Hudson via washingtonpost.com]
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