Saudi Arabia adjusts its foreign policy as Iran faces challenges from sanctions
Analysts suggest that a weakened Iran has led to a power vacuum in the Middle East, which Saudi Arabia is keen to fill by adjusting its relationships and pursuing a more independent foreign policy. Javed Ali, a former National Security Council official and Michigan University professor, noted how since Iran’s 1979 revolution, the two countries […]
Kathy Wylde seeks new role with Saudi Arabia’s sovereign wealth fund
Kathryn Wilde in Talks with Saudi Arabia’s Sovereign Wealth Fund Kathryn Wilde, a prominent figure in New York City’s business landscape, is reportedly in discussions to become a lobbyist and consultant for Saudi Arabia’s substantial sovereign wealth fund, according to a recent report. The 79-year-old has expressed interest in a position at the $1 trillion […]
Saudi Arabia will allow all foreign investors into its financial market.
Saudi Arabia Opens Capital Market to All Foreign Investors The Saudi Capital Market Authority (CMA) announced on Tuesday that, starting February 1, the Saudi capital market will be available to all types of foreign investors. This is a significant move, as it marks the first time that international investors can directly participate in the market, […]
Saudi Arabia Attacks UAE-Supported Separatists in Southeastern Yemen
On Friday, Saudi warplanes struck a stronghold of the Southern Transitional Council (STC), a Yemeni group that’s got backing from the United Arab Emirates (UAE), which is a nominal ally of Saudi Arabia. Yemen’s central government, supported by Saudi Arabia, has launched a ground operation aimed at forcing the STC out of the oil-rich Hadramout […]
Saudi Arabia carries out airstrike on Yemeni port city aimed at a shipment thought to be associated with UAE-backed separatists.
Saudi-UAE Relations Strain After Airstrike on Yemen The relationship between Saudi Arabia and the United Arab Emirates (UAE) has reached a new low after a recent Saudi airstrike targeted an arms shipment in Mukalla, Yemen. As of late afternoon Pacific Time, there were no reported casualties from the strike. The UAE accused Saudi Arabia of […]
Yemen Separatists Blame Saudi Arabia for Airstrikes
Yemen’s Southern Transitional Council Accuses Saudi Arabia of Airstrikes The Southern Transitional Council (STC), a separatist group in Yemen, accused Saudi Arabia on Friday of conducting airstrikes targeting its forces in Hadramout province. This province was recently taken over by the STC, which had previously been collaborating with Yemen’s internationally recognized government, the Presidential Leadership […]
Dems criticize Paramount Skydance’s aggressive WBD offer due to Saudi financing.
Lawmakers Challenge Paramount Skydance’s Bid for Warner Bros. Discovery Democratic lawmakers are now looking at potentially reversing Paramount Skydance’s acquisition of Warner Bros. Discovery. They cite concerns over support for the hostile takeover from Saudi, Qatari, and UAE sovereign wealth funds, as well as Jared Kushner’s private equity firm, which they believe could be a […]
Saudi Arabia’s sole liquor shop increases offerings for affluent foreigners
Recent reports suggest that the Saudi government has loosened restrictions on alcohol sales, which have been in place for decades, specifically for foreigners who can demonstrate a monthly income of at least $13,300. In Saudi Arabia, where Islam’s holiest sites are located, alcohol consumption has long been prohibited for religious reasons. The country has historically […]
Saudi crown prince encourages Trump to take action in Sudan war crisis.
Trump’s Role in Sudan’s Crisis Recently, an unexpected but positive request emerged during a meeting between President Donald Trump and Saudi Crown Prince Mohammed bin Salman. On November 18, the Crown Prince urged President Trump to take action on Sudan’s persistent civil war, which has resulted in one of the worst humanitarian crises in history. […]
Saudi Arabia’s First Quantum Computer: Is It Capable of Cracking Bitcoin?
Simply put Saudi Aramco has set up the first quantum computer in Saudi Arabia, developed by the French company Pascal. This 200-qubit machine signifies the kingdom’s entry into the quantum computing arena. Experts note that while today’s technology can’t break Bitcoin’s encryption, advancements are moving quickly. Saudi Arabia is now part of the global quantum […]