Senior Trump adviser considers Eric Adams for ambassador to Saudi Arabia to ease crowded New York mayoral race and allow Cuomo a chance against Mamdani.
Trump Advisers Propose Eric Adams for Saudi Arabia Ambassador Post High-ranking advisers to Trump are suggesting that Eric Adams, the current mayor of New York City, be nominated as the next ambassador to Saudi Arabia. This discussion comes while Trump navigates a politically charged environment, trying to stall Adams’ momentum in the mayoral race, particularly […]
Saudi private corporate debt rises more than 500% as investors seek variety.
Lebanon’s MEA Plans Low-Cost Airline Amid Economic Challenges In Riyadh, Lebanon’s national airline, Middle Eastern Airlines (MEA), which is fully owned by the central bank, is gearing up to introduce a low-cost subsidiary aimed at catering to travelers seeking affordable flights to EU and Middle Eastern destinations. Given Lebanon’s crumbling economy, soaring ticket prices, and […]
MBS of Saudi Arabia celebrates his 40th birthday after ten years of significant reforms in the country.
Reforming Saudi Arabia: A Look at MBS’s Changes When President Donald Trump selected Saudi Arabia as his first destination during his new term, it underscored the attention on ongoing changes in the nation. Crown Prince Mohammed bin Salman (MBS) is set to visit the White House soon, and it’s interesting to note that he turns […]
Ukraine Dispatches Team to Saudi Arabia for Discussions on Security Assurances
Ukrainian Diplomatic Efforts in Saudi Arabia This week, a Ukrainian delegation traveled to Riyadh, where they met with officials, including Andriy Yermack, the Director of the Ukrainian Presidential Office. Their discussions, focusing on “security assurances,” took place on Wednesday. Ukraine is currently engaged in intense discussions with European nations, the United States, and other allies, […]
Saudi Arabia limits foreign ownership in public companies to 49%: Only six categories of investors are eligible
New Foreign Investment Regulations in Saudi Arabia The Capital Markets Authority (CMA) of Saudi Arabia has unveiled updated regulations concerning foreign investments in publicly traded securities. These new guidelines aim to clarify ownership limits and define who is eligible to invest. This initiative is part of a larger plan to reform and open up capital […]
Over 130 Saudi Investors Arrive in Syria, Finalizing $6 Billion in Agreements
Saudi Business Delegation Visits Syria with Investment Plans A significant group of Saudi businessmen, led by Investment Minister Khalid Bin Abdulaziz Al-Falih, visited Damascus, Syria, on Wednesday. Their forum reportedly generated commitments exceeding $6 billion aimed at rebuilding the war-torn nation. The state-run Syrian Arab News Agency reported that President Ahmed Alshara welcomed over 130 […]
Saudi Arabia’s ‘Sleeping Prince’ Passes Away at 36 After Two Decades in a Coma
Al Wald bin Khaled bin Talal bin Abdulaziz al Saud, often referred to as the “sleeping prince” of Saudi Arabia, died on Saturday at the age of 36 after spending two decades in a coma. He was born on April 18, 1989, and was in a coma since 2005 following a car accident in London […]
Trump ends Syria sanctions following discussion with former Al-Qaeda fighter president in Saudi Arabia
US Lifts Sanctions on Syria Following Trump’s Commitment In a significant political move, President Trump granted approval on Monday to lift long-standing US sanctions on Syria, fulfilling a promise he made during his visit to Saudi Arabia last month. During their meeting on May 14, Trump, 79, explained to 42-year-old Syrian President Ahmed Al-Shara that […]
Saudi King Offers Free Trip to Mecca for Families of Palestinian Terrorists
Saudi King Salman bin Abdulaziz al-Saud has reportedly funded a trip for 1,000 Palestinian relatives of individuals labeled as martyrs, prisoners, and the injured to embark on a pilgrimage to Mecca. This information was shared by official Palestinian news outlets, citing Palestinian Media Watch: With US President Donald Trump’s “Abraham Accord” in mind, there has […]
WWE keeping an eye on the situation in Iran with two events planned in Saudi Arabia next weekend
The recent airstrikes by the US on Iran have stirred up some questions regarding the upcoming WWE Night of Champions event. With events planned for Friday and Saturday in Saudi Arabia, the Night of Champions Premium Live Event is set to take place over two consecutive days in Smackdown and Riyadh. WWE officials are actively […]